Category Archives: Economics

McDonald’s: Just as Difficult to Get Into as Harvard By Percentage

Percentage of applicants offered undergraduate admission to Harvard this year:  6.2 Percentage of applicants accepted for employment on McDonald’s National Hiring Day in April: 6.2 – from Harper’s Index, June 2011 via TYWKIWDBI Hard days to an applicant of most … Continue reading

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Mooching the Safety Net in a Recession

I really liked this short post in Modeled Behavior a lot, mostly because I agree with it. Karl Smith takes issue with this part of Casey Mulligan’s assertion. One interpretation of these results is that the safety net did a … Continue reading

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Why the UC Students Are Protesting

Mother Jones via Balloon Juice: Six years ago, tuition at the University of California was $5,357. Now $12,192. Slated for $22,068 by 2015. If the tuition increase rises as projected, in ten years, the price of a public education in … Continue reading

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Veterans Always Get the Best of Socialism, Health Care Edition

That the US military is prone to conservatism has always tickled my sense of irony. The US military is the largest bureaucracy in the country, and probably the largest single bureaucratic agency on the planet. The government pays its workers … Continue reading

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Most Everybody’s a Keynesian

Faced with this prospect (triggered defense cuts), Republicans — who normally insist that the government can’t create jobs, and who have argued that lower, not higher, federal spending is the key to recovery — have rushed to oppose any cuts … Continue reading

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