First we have Tyler Cowen wondering whether approving of a carbon tax is a necessary condition for being a “serious” economist:
- Do all serious economists favor a carbon tax? (Marginal Revolution)
Answer: No, not a necessary condition, but most probably do anyway. Shitting out random crap into your neighbours’ breathing air isn’t exactly a negligible externality, after all.
Next, Stephen Gordon has a look at one particular hypothesis for why rich people have become so damn rich over the last decade or so:
- Can demographics explain why the income shares of high earners have increased? (Worthwhile Canadian Initiative?)
Spoiler warning: maybe it’s because retiring Boomers — or their pension-fund managers — want to invest in financials and other investments from which “the rich” tend to benefit more than others. Gordon is careful to point out that this isn’t a slam dunk, mind you, but if one looks at the cui bono of a generation of retiring Boomers it’s a pretty strong argument that they’re at least following the trend of giving money to “rich Wall Street fuckers”. (Full disclosure: I love any excuse to attribute to retiring Boomers any thing that retiring Boomers dislikes, their dislike of which catches me aslant. tl;dr: This hits my confirmation bias so hard it hurts.)
Finally, here’s a sub-eight minute bike lap around the Nordschleife: