link: http://ift.tt/1ZJmHW1
Hot And Trending...
Trending
- India Driving
- According to CNBC, Goldman Sachs was hit the hardest recording its worst commodities quarter ever. http://bit.ly/2vnNZtc
- Do Market Failures Justify Bank Capital Adequacy Regulation
- According to a report, about $1.9 million worth of gold wash through Swiss sewers each year. http://bit.ly/2gCWjPO
- (1/2) Global stock markets are now nearly as oversold as at the market low in October 1987. Expect a powerful and tradable rally of 20% or so from here. Cover all shorts and go long the most oversold stocks. However, do not expect new highs.
- Both Gold & Bitcoin do have their own unique advantages. http://bit.ly/2z4BrrP
- The best part of Donald Trumps rise? Serving as the proverbial canary-in-a-mineshaft. Watch more here:… https://t.co/SvjyTl9Vpl
- Negative Interest Rates Positively Driving Gold Demand https://t.co/FssMqmiXhX @SchiffGold
- Billionaire investor Paul Singer said the trust the central planners is misplaced. http://bit.ly/2rU3cAG
- Can we use tax units to measure living standards?
Thursday, May 12, 2016
[...] hostility between the races limits support for welfare. It is clear that racial heterogeneity within the US is one of the most important reasons why the welfare state in America is small.
>Overall, the cross-country evidence, the cross-state evidence (of Alesina, Baqir and Easterly, 1999, 2000, and the work presented here) and the survey evidence given here (and of Luttmer, 2001 and in Alesina and LaFerrara, 2001) all suggest that hostility between the races limits support for welfare. It is clear that racial heterogeneity within the US is one of the most important reasons why the welfare state in America is small. http://ift.tt/1bSxVE4 ...... My thoughts: This also explains: ... - why it grew a lot after the spread of nationalistic thought after WWI and WWII. - why the welfare state was invented by conservatives and nationalists in Prussia. - why the welfare state is so diffused in Nordic countries, that are relatively homogeneous as a population. - And, WILL explain why restricting or preventing immigration will not reduce the welfare state or the power of the state in general. As Rothbard explained, the state derives its power through consensus (see: the Anatomy of the State. http://ift.tt/1THLGoi ) and, as I understand it, the consensus is reached easily if the people think of each other as a big family, as a nation...