About Half of millennials meet definition of “Super Savers”
Principal defines these Super Savers as people saving either 90% of the maximum in their retirement plan — such as a 401(k)–or at least 15% of their income. According to…
“Flight shaming”: Global travel should be banned.
Saving the planet requires that we stop gaping and gawking at travel blogs and vacation selfies. Instead, everyone who cares about the environment should shame those who clamber onto an…
Electric vehicles are not a panacea to controlling climate
Read the whole thing: Opinion: The unintended harm of subsidizing electric vehicles and charging stations – MarketWatch
Taleb says bitcoin effectively worth zero
People also conflate the success of bitcoin as a digital currency with the success of bitcoin as a speculative investment. To be a currency would require it to have some…
Inflation is inflating: “Inflation climbs higher than expected”
The consumer price index was expected to increase 5% year over year in June, according to economists surveyed by Dow Jones. Source: CPI report June 2021: Inflation climbs higher than…
Economist shows correlation between economists and idiots
R^2 = 0.25. This is not a correlation. In case he deletes the chart
Number of People With Master’s and Doctoral Degrees Doubles Since 2000
Stunning: 35% of those age 25-64 now have at least a 4-year degree. About 13.1 percent of U.S. adults had a master’s or doctoral degree in 2018, up from 8.6…
Study finds that lockdowns – in the real world – did not reduce deaths
SIP = Shelter in Place In response to the COVID-19 pandemic, many countries implemented social distancing and SIP policies. These policies are designed to slow COVID-19 transmission by limiting physical…
Paper: Shelter in place Orders “had no detectable health benefits”
We study the health, behavioral, and economic effects of one of the most politically controversial policies in recent memory, shelter-in-place orders during the COVID-19 pandemic. Previous studies have claimed that…
Climate change requires “degrowth” say “experts”
Presumably the authors of this study will agree to demonstrate “degrowth” by cutting their own salaries, their departments and their university budgets. They can go first, right? “We can still…
Adopting Scandinavian social benefits and taxes in the U.S.
For something unrelated, I was researching some of the “social benefits” programs in Norway. This is my summary of what I came across – which may be sort of accurate…
Biden proposes incentives to have large families, increase population
Giving incentives to have large families is solving which problem? This is in opposition to his “Green New Deal” goals. President Joe Biden unveiled his next $1.9 trillion stimulus package…
Inflation: “Price hikes are ahead, but consumer companies hope you won’t notice”
Higher prices coming from printing money/deflating dollar/increasing asset valuations, and then demand increasing from “stimulus” dollars and savings pouring back into the economy: Consumer companies like Coca-Cola and Procter &…
Efficiency in Agriculture
Many think the quaint and tranquil working the land by hand is the future of agriculture. Uh, no, its ont. In some ways, it is not surprising that many of…
Does auto-enrollment in retirement plans make sense?
Source: A new law would require employees to save for retirement – MarketWatch The law would mandate automatic payroll deductions of 3%, rising 1% per year until 10% is reached…