Sunday , August 25 2019
Home / Carpe Diem
The author Mark Perry
Mark Perry
Mark J. Perry is concurrently a scholar at AEI and a professor of economics and finance at the University of Michigan’s Flint campus. He is best known as the creator and editor of the popular economics blog Carpe Diem. At AEI, Perry writes about economic and financial issues for American.com and the AEIdeas blog.

Carpe Diem

What was that again about trade wars being ‘easy to win,’ especially if China pledges to ‘fight to the end’? – Publications – AEI

AEI What was that again about trade wars being ‘easy to win,’ especially if China pledges to ‘fight to the end’? 1. From today’s Wall Street Journal editorial board: The trouble with trade wars, like shooting wars, is that once they start you never know how they’re going to end. The enemy gets a vote, and sometimes events escalate in ugly fashion (see cartoon above). Take Friday, which saw China retaliate for Donald Trump ’s recent tariffs, Mr. Trump blow a...

Read More »

Asking the correct question – Publications – AEI

AEI Asking the correct question A couple examples below of asking the wrong question. Wrong Question No. 1: What is the cause, explanation, or origin of poverty? Reason it’s the wrong question? Because human history is a story of abject poverty that has been the natural state of mankind for many, many thousands of years (see chart above) and therefore no explanation is needed or necessary to understand the historical origins of poverty. Thomas Hobbes famously described the natural...

Read More »

Bonus quotation of the day on how Asians disrupt and undermine the narrative of white privilege…. – Publications – AEI

AEI Bonus quotation of the day on how Asians disrupt and undermine the narrative of white privilege…. …. is from Vincent Harinam and Rob Henderson’s article in Quillette “Why White Privilege Is Wrong—Part 1“: What gives white privilege a patina of empirical credibility are its statistical comparisons between blacks and whites. However, these statistics are often decontextualized, omitting base rates and key group comparators. As Thomas Sowell points out, “The...

Read More »

Quotation of the day on how flawed measures of inflation understate wealth and improvements in consumer well-being – Publications – AEI

AEI Quotation of the day on how flawed measures of inflation understate wealth and improvements in consumer well-being …. is from Phil Gramm and John F. Early’s op-ed in the Wall Street Journal “Americans Are Richer Than We Think“: When corrected for documented price overstatements, real average hourly earnings from 1975 to 2017 are shown to have risen some 52%, not 6%—an additional $6.77 an hour. Real median household income increased 68%, not 21%—$17,060 more...

Read More »

Video of the day: ‘All My Loving (Beatles Parody)’ by Remy – Publications – AEI

AEI Video of the day: ‘All My Loving (Beatles Parody)’ by Remy  From Reason.tv, in the video above Remy discovers the hysterical, shrieking crowds are here for the entitlements. HT: Steve Hayward at the Powerline blog who comments: Remy has outdone himself. With the Democratic Party devoting itself to providing free everything to everybody, Remy and the Reason TV crew did up this dead-perfect Beatles parody. Pair it up with “Taxman,” which will come back into fashion in 2021 if...

Read More »

How green is Saint Greta’s ark? Er, not very….. – Publications – AEI

AEI How green is Saint Greta’s ark? Er, not very….. ….. is the title of an article by Michael St. George in the Conservative Woman, here are some “money quotes”: Last Wednesday, in a blaze of unremittingly fawning publicity and uncritical adulation of which even Moses descending from Mount Sinai with the tablets bearing the Ten Commandments would have been envious, the good ship Mazilia – or, as I prefer to call it in view of its almost quasi-religious mission,...

Read More »

Title IX updates: Clemson closed, new investigations open at Univ. of Minnesota and Rochester Institute of Technology – Publications – AEI

AEI Title IX updates: Clemson closed, new investigations open at Univ. of Minnesota and Rochester Institute of Technology Here are some updates on my efforts to advance civil rights for all in higher education by exposing the clear double-standard for enforcing Title IX’s clear prohibition of discrimination based on sex, whether it’s discrimination against females (strictly enforced) or males (often not enforced). 1. The District of Columbia Office for Civil Rights (OCR) closed my...

Read More »

Wednesday afternoon links – Publications – AEI

AEI Wednesday afternoon links 1. Charts of the Day I and II (above) shows the old “stagflation” measure that is the sum of the unemployment rate and the inflation rate on a monthly basis from January 1960 to July 2019 in the top chart, and the bottom chart shows the 10-year Treasury rate. Those three variables (unemployment rate, inflation rate and long-term interests) are the key components of the Federal Reserve’s “dual mandate,” which is actually a triple...

Read More »

On the overblown and unnecessary concern about ‘excessive’ pay for top CEO talent in an increasingly globalized world – Publications – AEI

AEI On the overblown and unnecessary concern about ‘excessive’ pay for top CEO talent in an increasingly globalized world In yesterday’s The Gartman Letter (subscription only), Dennis made the following comments about “excessive” CEO pay: EVEN WE FIND THIS DANGEROUS: We here at TGL are old guard Libertarians, believing in small government, low taxes, less regulation and above all else, free markets. Wages are to be set, not by government, but by the free and...

Read More »

Quotation of the day on the credibility problem of global warming alarmists…. – Publications – AEI

AEI Quotation of the day on the credibility problem of global warming alarmists…. ….. is from the Issues and Insight editorial “‘Global Temperature’ — Why Should We Trust A Statistic That Might Not Even Exist?“: The global warming alarmists, who have seized and now control the narrative — because, like a child who won’t stop crying for a toy he can’t have, they refuse give up — have a credibility problem. Actually, they have several. The public will eventually forget...

Read More »