Category: Economics

The Financial Value of DACA

This graph* shows the net value to society of a person as they age. Initially, a child costs money for food, health and education. During the working years, they generate more value than they consume. In retirement, living and health

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Reconciling the Various Reasons for Trump

After the election, I concluded that Trump won with three appeals: Bring back jobs Drain the swamp Build the wall and that I approved of the first two. (It’s now clear that all three are unlikely to happen.) Many people

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Why Poor People Vote Republican

Nice article in Salon suggesting that Republicans adopt a religious mantle to capture voters in the South for whom religion is so important that it trumps their economic interests.

The Effect of Patents on Drug Prices

The NYT has a good article on how patents enable drug companies to keep prices high – far higher than in other countries. For example, with the patent for the older oral contraceptive Loestrin 24Fe about to expire, the company

The Cost of Patent Trolls

A paper by two Boston University researchers puts the annual cost of patent trolls at $29Bn.

How much money do you need to be rich?

A speaker from San Clemente was  quoted as saying “We are one of those people that make over $250,000 a year, and I don’t agree that that makes us rich.”  The median household income for California is $54,000; for San

Who makes investment choices?

Intersting column by Michael Kinsley claiming to prove that privatising Social Security won’t work. He makes a similar point to one that I have claimed several times, only to get blank stares: that whether a dollar of earnings is spent

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