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Saturday afternoon links
View related content: Carpe Diem
1. Chart of the Day I (above) shows the close statistical correlation (0.964) over time from 1980 to 2016 (logarithmic scaling) between: a) annual US real imports of goods and services and b) annual US civilian employment. Don’t we always hear from Trump and other protectionists that imports lead to US job losses? According to the actual data and economic reality real US imports and US employment have gone up in perfect unison over the last 36 years.
2. Video of the Day I (above) features the first round of a debate between Don Boudreaux and anti-free trade protectionist Ian Fletcher (author of the book Free Trade Doesn’t Work) that took place earlier this week on Tuesday at Hillsdale College. The chart of the day above was inspired by a similar one that Don used at about 12:00 in his presentation.
3. Video of the Day II (above) shows the second round of the Hillsdale College debate between Don Boudreaux and Ian Fletcher. God Bless Don Boudreaux for his patience debating such a clueless anti-trade protectionist.
4. Chart of the Day II (above) shows the historic energy milestone that went mostly unnoticed this week when the EIA’s weekly petroleum report showed that daily crude oil output in the US last week at 9.62 million barrels was the highest level of domestic oil production since May 1971, more than 46 years ago. At the current of production increases, daily US crude oil production is on track to top 10 million barrels by as early as next February and could shortly after that exceed the previous record of 10.04M barrels per day set back in November 1970. Carpe oleum.
5. Video of the Day III (above) from PragerU features James Damore, the Google software engineer who was fired for disagreeing with Google’s left-wing orthodoxy. Among James Damore’s unforgivable “crimes”? He dared to suggest that men and women on average are different.
6. More on the Sacrilege and Heresy of Suggesting That Men and Women Might Be Different. What unforgivable crimes did politically liberal Erica Komisar commit to become “a pariah on the left”? She recently published a book “Being There: Why Prioritizing Motherhood in the First Three Years Matters” where she dared to suggest that men and women aren’t interchangeable and fungible when it comes to nurturing infant children:
Women produce more oxytocin than men do, which answers the obvious question of why fathers aren’t as well-suited as mothers for “sensitive, empathetic nurturing.” People “want to feel that men and women are fungible,” observes Ms. Komisar—but they aren’t, at least not when it comes to parental roles. Fathers produce a “different nurturing hormone” known as vasopressin, “what we call the protective, aggressive hormone.” And therefore that mothers “need to be there as much as possible, both physically and emotionally, for children in the first 1,000 days.”
Read more here of James Taranto’s profile of Erica Komisar in the Wall Street Journal.
7. Who’d a-Thunk It? Solar Garden Power is Twice as Expensive as Other Sources? That’s what Minneapolis-based Excel Energy recently revealed about the solar energy that’s being forced on it by government edict according to this report from the Center of the American Experiment. Here’s more:
The higher costs for solar power are borne by the vast majority of Minnesotans who’ve never heard of a community solar garden, much less signed up for one. Xcel passes those additional costs onto all of its consumers by charging them more for fuel. For every 100 MW of community solar that comes online, it costs customers an additional $17 million, an Excel Energy spokesman said.
I wrote back in June about the community solar garden/solar time share scam in Minnesota here.
8. Markets in Everything. Uber Express POOL is the consumer-friendly ride-sharing company’s latest innovation to shave another 25 percent or so off the price of a ride.
9. Chart of the Day III (above) shows a comparison of material well-being in matched communist vs. non-communist countries in 1991 (based on per-capita GDP) that was featured on blogs here (a few days ago) and here (in 2010)
Conclusion: Communism robs a nation’s people of nearly 90% of their potential economic well-being.
10. Chart of the Day IV (above) shows new data from the IRS on federal income tax shares by various income groups in 2015. Note that the top 0.001% (1,412) of taxpayers paid a greater share of federal income taxes (3.5%) than the 2.8% share of the entire bottom 50% (70.6 million) of taxpayers.