Annual consumption is a function of people's expected lifetime earnings - not just their income at the current time.
- Milton Friedman
- Log in to post comments
More like this
And some Republicans wonder why most Jews don't vote Republican. Well, conservative talk radio is one answer. Here's what conservative talk radio host Mike Rosen has to say:
Sure. [Caller], you have exceptions like Milton Friedman, for example, a brilliant free-market economist who was more…
...you know things are getting weird. David Warsh writes:
I belong to a luncheon club whose smartest member is a longtime investment manager whom I have observed for many years, He walked out of the room after a global tour d'horizon talk the other day and said on the sidewalk in front of the…
More politics, but since it is cunningly disguised as a reply to mt's Twitter rant, I think I may get away with it. You should go off and read mt's post, for context. But not for content; much as I like his take on the science I can never agree with his take on the politics. Here's a sample:
One…
There are two recent studies of gender disparities in science and technology (referred to by the faintly awful acronym "STEM") getting a lot of play over the last few days. As is often the case with social-science results, the data they have aren't quite the data you would really like to have, and…