Biomechanical Robotic Android Intended for Nocturnal Sabotage, Troubleshooting and Efficient Repair  

 
Politics and other Pastimes
 
 
 
Favorite Blogs: Right Wing News

Conservative Grapevine

Lucianne

Allman's Stove

Ankle-Biting Pundits

Kitty Litter

Radio Patriots

Pam Meister aka Blogmeister USA

Third Wave Dave

Lucky Dawg News (Hiatus)

And You Thought You Were Cranky?

Songbird

Dodo David

On Wings of Eagles

Alive and Kickin' Oldies

A Rose By Any Other Name

Airborne Combat Engineer

American Protest

Anonymous Opinion

Astute Blogger

The American Scratchpad

La Shawn Barber

BlackFive

Blue Crab Boulevard

Lorie Byrd

Captain's Quarters

Carol Platt Liebau

Rudy Carrera

CentCom

Chicago Ray

Chief Brief

Christian Conservative

Combs Spouts Off

Conservative Comet

Constitutional Public Radio

Crazy Politico

CrosSwords

Church & State

Danegerus

Decision '08

Richard Delevan

Dynamo Buzz

Eating Arizona

EckerNet

Educated Shoprat

Fear & Loathing

Flopping Aces

Gawfer

GeosciBlog

GOP and the City

Granddaddy Longlegs

Hell's Freezing Over

Here There and Back Again

Hillary Needs a Vacation

Hot Air

Hugh Hewitt

Illumination Inc.

In My Taxi (Liberal)

In the Right Place

Irish Pennants

Jackson's Junction

Jihadophobic

JREFForum Conspiracy Theories

Leather Penguin

Graham Lester

Let's Play King's Bounty

Liberty or Death

Little Bit Tired, Little Bit Worn

Lone Star Pundit

Marathon Pundit

Mark In Mexico

Twin Cities Chess

Memeorandum

Michelle Malkin

MilTracker

Molten Thought

Moonbattery

Mr Media Matters

Mrs Media Matters

Neander News

New Hampshire Insider

Neo-neocon

NoonzWire (Alex Nunez)

No Pundit Intended

The Nose on Your Face

Punch

Slugger O'Toole

Pajamas Media

Pajama Pack (AKA L-Dotters Blog)

Partisan Pundit

Passionate America

Pink Flamingo

Please Make It Clear

Polipundit

Politburo Diktat

Poor and Stupid

Radio Equalizer

Reaching for Lucidity

Real Ugly American

Regime Change Iran

Right-Wing & Right Minded

Right Wing Nuthouse(AKA Superhawk)

Satire & Theology

Fred Schoeneman

Sister Toldjah

Small Town Veteran

Roger L. Simon

David B. Smith

Shock And Blog

Some Soldier's Mom

Stolen Thunder

Stop the ACLU

The Strata-Sphere

Tel-Chai Nation

Texas Rainmaker

The Kingpin 68

Time Cannon

Tinkerty Tonk

Valley Greaser

Viking Pundit

Weapons of Mass Discussion

Wilkesboro Square

Wizbang

Tim Worstall

WuzzaDem

Ya Libnan (Cedar Revolution)

Add to Technorati Favorites
 
 
Tuesday, June 14, 2005
 
Power Line Agrees with Me!

Their take on Paul Krugman's column from last Friday:

Of course, that's partly an artifact of the dates Krugman arbitrarily chooses. 1973 represented a business cycle peak, while in 2003 the economy was coming off a recession. Competent economists do not do peak-to-trough comparisons. If, to take an example skewed in the opposite direction, we compare median family income in 1982 with the 2000 figure, the growth is 27%, not 22%.

My take:

But the best method of forecasting with a chart like this would be to draw a line between the peaks and another line between the troughs, extend them forward, and say that the future is somewhere between those lines. What Krugman has done is draw a line between a peak (a recession began in 1973) and a trough (2003 appears to be a cyclic low for MHI) and encouraged his readers to assume that the future will follow that line.

And I hit on the point about single-parent families as well, but they do it better by going to the actual data:

But that's a relatively minor point. Here is a more fundamental problem with Krugman's calculation. When we compare "family income" figures over time, the figures are distorted by the fact that over the past three decades, families have fragmented. There are far more single-parent families now than in the early 1970s. Single-parent families generally have lower incomes than two-parent families, so this trend has depressed family income. If we factor out this demographic change, we find strong and steady income growth. Thus, the Census Bureau data show that for the category "Married-Couple Families," median income went from $46,723 in 1973 to $62,281 in 2003. (All numbers are in constant 2003 dollars.) That's a hefty 33% increase in real income. Meanwhile, incomes of families headed by either a man or a woman increased by 23.4%. But since there was a considerably greater proportion of such families in 2003 than in 1973, the aggregate increase on a "per family" basis was dragged down to 22%. (If you don't think that's possible, do the math.)

They also contribute a link to the data, which I will take a look at in a bit.
0 comments links to this post

 

 
  Endorsements: "11 Most Underrated Blogs"--Right Wing News

"Brainster is the Best"--Allman in the Morning FM 97.1 Talk (St. Louis)

"This is blogging like it oughta be"--Tom Maguire (Just One Minute)

"Quite young and quite nasty"--Civil Discourse Bustard (One out of two ain't bad)

Contact Me: pcurley (at) cdwebs (dot) com

Brainster in the Media

Howard Kurtz's Media Notes: May 27, 2005

Slate Today's Blogs:

March 16, 2005

May 9, 2005

June 3, 2005

Cited for Breaking the Christmas in Cambodia story (at Kerry Haters):

Hugh Hewitt: KerryHaters was on this story a long time ago. How could the elite media not have asked these questions before now?

Ankle-Biting Pundits: Our friends Pat and Kitty at Kerry Haters deserve the blog equivalent of a Pulitzer for their coverage of Kerry's intricate web of lies regarding Vietnam.

The Weekly Standard

Les Kinsolving

Greatest Hits

What If the Rest of the Fantastic Four Were Peaceniks?

Lefty Bloggers on Gay Witchhunt (linked by 16 blogs including Instapundit)

Kitty Myers Breaks Christmas in Cambodia

Brainster Shows Brinkley Says No Christmas in Cambodia

Explanation of the Blog's Name

Power Ratings Explained



blog radio

Photobucket - Video and Image Hosting


Archives


 
  This page is powered by Blogger, the easy way to update your web site.  

Phoenix Commercial Properties

Window Cleaning Phoenix

Leather Goods, Leather Craft

Home  |  Archives