The Fault Is Not in Our Stuff But in Ourselves

Bruce Sacerdote‘s NBER Working Paper, “Fifty Years of Growth in American Consumption, Income, and Wages” provides a nice update on the measurement of CPI Bias.  The punchline should be obvious, but it’s great to hear such an eminent economist say it: “Meaningful growth in consumption for below median income families has occurred even in a prolonged period of increasing income inequality, increasing consumption inequality and a decreasing share of national income accruing to labor.”

Trump and Netanyahu: “Mutual Defense” or Just Mutual Political Back-Scratching?

On September 14, US president Donald Trump tweeted (of course) the suggestion of a US-Israel “Mutual Defense Treaty,” citing a call with Israeli prime minister Benjamin Netanyahu. Hopefully there’s less going on here than meets the eye: The tweet may just be another mutual publicity back-scratch of the type Trump and Netanyahu frequently exchange when they find themselves in political pickles. And Netanyahu is likely in the biggest such pickle of his career.

Science “Knows” Nothing

The object of the process is to make educated guesses toward future probabilities, and that those educated guesses will still, in an ongoing fashion, be the subject of splitting and clumping.  A knowledge set produced by science is a transitory thing — a mass that is soon to be split and re-clumped.

Glad to See Space Escape Government

I resent government agencies pretending to have some political authority over space flight and the companies practicing it, but the nature of government is to get in the way. Government offices are filled with hordes of people unqualified to do anything but issue or deny permits, and they are going to keep asserting control — fighting the future — as long as they can get away with it.