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Economics

The Food Stamp Diet

DarwinCatholic has a post on the Food Stamp Diet. The amount of money you get to feed yourself and your kids on food stamps doesn't sound like much, $33.04 per person per week, depending on which program you are talking about. However, Darwin looked at the amount

American Povery Rate Halved After WWII

That’s what happened from 1949 to 1961. We didn’t know it at the time, but the numbers have been calculated retrospectively, using the 1950 census to determine the poverty rate in 1949—it was 41 percent. In President Kennedy’s first year in office, 1961, it was 21

Corporate Profits

Steve Sailer is wondering why corporate profits are so high now compared to a generation ago. I'm guessing from all this that the CEO's compensation as a % of corporate profits went up from about 3% in the 1970s to about 4% these days. So, there'

More on Anticompetitive practices

Last month I had some thoughts about the social utility of monopolies. A friend wrote in to remind me that market dominance and anti-competitive practices are not identical, and that US law prohibits anti-competitive practices. Just so. I was reading some of the work of Walter Russell Mead, and I

Competitive Markets and Rewards

Both Steve Sailer and Half Sigma have posts up today about the competitive landscape in business. Steve notes that antitrust law used to be a big deal in the US, but its popularity is waning. Does anyone actually care that AT&T and Standard Oil are slowing reassembling themselves?

A Sailer Correspondent

A Steve Sailer correspondent writes: I'm spending about 50% of my time in Japan these days. I've been traveling there for years both for personal and business reasons. In the mid-90's, I started noting the dissonance between the reality of Japan and the portrayal

Sailer's Contrarian View on Japan

A frequent topic in these pages is the disparity between press accounts of Japan and daily life. Steve Sailer opines that the real reason we hear so much doom and gloom in the press is because Japan offers no absurd profits for financiers. For 20 years, you've always