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Comment Re:anyone, employee or not, can (and should) buy s (Score 1) 258

I'm generally aware of the rising importance of inheritance on wealth inequality, but do you have any source or data where we can see that the majority of millionaires are such because they inherited their wealth?

I know a lot of boomer millionaires, and most weren't born into it. Most saved a lot during the 60s, 70s and 80s to get there.

I think your point holds true for people with net worth > 10 million. But a million dollars isn't much these days.

Comment Re: Voluntary? (Score 1) 428

the problem is that both wings of SCOTUS have now accepted the "living Constitution" model where its meaning changes continuously, even if folks like Scalia deny it.

But that's not what a "living constitution" is. We have a "living" constitution because it can be changed. Not because we choose to interpret it differently.

Comment Re:Somebody's on the Pearson payroll (Score 1) 363

The problem isn't really the textbooks---the books themselves are often relatively cheap (for example, a 9th edition of Sullivan's Precalculus can be had for $30 or $40 if you don't mind being an edition out of date). The problem is that students are also required to buy access to the publisher's website in order to do their homework. One alternative is to hire advanced undergraduates to grade papers, or (better yet) hire more expensive graduate students, or even (heaven forbid) tenure track lecturers to teach smaller sections and/or grade papers. There is basically no money to do that, so it isn't going to happen. Another alternative is to use something like MAA's WeBWorK for homework. This might be quite feasible in the future as WeBWorK is improved (or another, better free, open source system comes along), and my department is doing as much as it can via WeBWorK, but the system is still not all there---there are simply things that, as bad as it is, MathXL can do much better than WeBWorK.

This might be evidence of my own lack of creativity, but I just don't see many other alternatives, and none of them are going to be any cheaper at the end of the day.

Comment Re:YAY (Score 1) 266

There is NO correlation between one's major, and one's social life.

Source, please? That's a hell of a claim.

There have been numerous studies showing that there are strong correlations between certain MBTI types and certain majors; I'm not saying MBTI is a proxy for "social life", but at least introversion/extroversion play into types of interaction in social life.

Comment Re:Austrian Machine (Score 4, Informative) 157

A school, I might add, that couldn't even COMPREHEND THE EXISTENCE of stagflation

What do you mean? Keynes modeled stagflation; he didn't use that term, but it's clear that Keynes, and those who studied his work, were aware of the effect of a supply shock on an economy.

The issue with Keynesian policy and stagflation is, given two problems with conflicting resolutions, how do you address both of them?

We now know that tackling them one at a time works. First you address inflation, then you address stagnation. This isn't a weakness of Keynesian theory -- it's validation.

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