The Daily Chart
April 23, 2024 — Steven Hayward
As you may know, the supposed slow-growth of wages since the early 1970s has long been a cause-celebre among the left’s equity crowd. It is usually attributed to lower income tax rates, or the demonic powers of “neoliberalism.” One factor that is seldom considered, at least by the mainstream media and the celebrated egalitarian academics like Thomas Piketty, is the role the sharp rise of economy-wide government regulation that began
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April 22, 2024 — Steven Hayward
One of the most interesting aspects of the current political scene is the polling evidence showing Donald Trump gaining strength among minority voters, which is causing panic among Democrats. Why is this happening? Explanations run the full spectrum, from inflation to wokery, but here’s some curious evidence (from an Economist/YouGov survey) that it may be as simple as having children: Chaser—while we’re looking at Trump-Biden surveys, this one is fun
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April 19, 2024 — Steven Hayward
It’s not exactly news that a large portion of Democrats are anti-Israel, but it now appears to be a majority. The latest Gallup survey shows Israel with net negative sympathy among Democrats for the first time. This marks the end of bipartisan support for Israel in American politics. Will this change historic voting patterns? As Trump likes to say, we’ll have to see what happens.
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April 18, 2024 — Steven Hayward
Joe Biden is back doing what Democrats always do—engage in class warfare, demanding that the rich “pay their fair share.” On the very rare occasions a reporters asks a Democrat to offer a precise definition of what “fair share” is, Democrats change the subject, because what “fair share” always means is “more.” (But don’t ever accuse liberals of being greedy for other people’s money, because they think it belongs to
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April 17, 2024 — Steven Hayward
Given the news about NPR (and even the New York Times, currently enduring its own internal Maoist struggle sessions, which I’ll discuss separately), this chart hardly needs any explanation. Though I’ll add that if the media keeps going in its current mode, I’m sure they can drive public trust all the way down to zero.
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April 16, 2024 — Steven Hayward
Last week the Wall Street Journal‘s James Freeman wrote about the wishful thinking of California elites who waive away any of the sensible causes for the droves of people leaving California (resulting in a sustained net population loss over the last few years for the first time in 170 years) such as high taxes, senseless regulation, rising crime, unaffordable housing etc. Maybe Mr. Newsom is just unlucky. This week in
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April 15, 2024 — Steven Hayward
With everyone’s favorite day (April 15) hard upon us, worth noting how state income tax rates fall out. Pick your home state accordingly:
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April 12, 2024 — Steven Hayward
As readers will know by now, the mid-week inflation report came in “hot,” such that a June interest rate cut if thought to be off the table. Markets tumbled, and expectations for interest rate cuts tanked as well. Apparently no one has been paying attention to soaring commodity prices, which is usually a bad sign. In any case, here’s a before- and after- shot at why Biden is desperate for
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April 11, 2024 — Steven Hayward
So we went and banned plastic straws and plastic bags in much of California and elsewhere because they are made from fossil fuels and a solitary turtle was once found snorting fentanyl through a plastic straw, or something. In any case, Greta/Gaia was displeased, so plastic products had to go. Well guess what: the substitutes for plastic products mostly produce higher greenhouse gas emissions than plastic. Not by just a
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April 10, 2024 — Steven Hayward
There has been some terrific news on the college front in recent weeks, such as at the University of Texas and University of Florida, where the “diversity, equity, and inclusion” (DEI) commissars have been summarily sacked and the programs shut down, but it appears to be occurring in the corporate world as well. The Harvard Business Review is out with an article entitled “Why Diversity Programs Fail,” and yes, you
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April 9, 2024 — Steven Hayward
Ever since Richard Hofstadter published his worst book in 1964, The Paranoid Style in American Politics, it has been a sturdy cliche that conservatives and Republicans are more likely to believe conspiracy theories. This is nonsense to anyone with common sense perception (JFK assassination anyone?), but a new study in the journal Political Behavior (“Are Republicans and Conservatives More Likely to Believe Conspiracy Theories?“) takes the usual deep quantitative dive
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April 8, 2024 — Steven Hayward
Welp, we had earthquakes on both coasts last week, and today a total eclipse in the heartland. Can boiling frogs and locusts be far behind? All caused, of course, by climate change. Because there’s nothing it can’t do. Including make liberal Democrats looks stupid: What about tornados! We know those are getting worse with climate change: Enjoy your eclipse everybody. Just remember to wear your fake-news filtering glasses.
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April 5, 2024 — Steven Hayward
Terrific—a new thing for the Equal Employment Opportunity Commission (EEOC) to police in employment discrimination. A Canadian social scientist (the best kind, no doubt) is out with a paper that finds job applicants who include non-binary pronouns (like “they/them”) on their resumes get fewer call backs than normal people. Who woulda thunk it? Potential employers prefer to avoid hiring dramatists and schizophrenics. The paper is Taryn versus Taryn (she/her) versus
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April 4, 2024 — Steven Hayward
I used to joke that “I was a teenage existentialist,” which is partly true, except I knew even at the time that it was a pose. But the angst at the center of teen life that used to be the subject of every teenagers-in-heat movie of the 1980s now looks more serious. I wonder if this trend might be related to this trend:
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April 3, 2024 — Steven Hayward
The joke in the Washington Beltway is that it only take a couple of snowflakes falling to cancel public schools and generate a run on bread and milk in the grocery stores. With a substantial early spring storm pounding the left coast a few days ago, and a separate storm pounding the midwest last week, worth noting these data on which parts of the country appear to be more robust
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April 2, 2024 — Steven Hayward
You may recall that back around 1984, when the economy was booming, President Reagan took a victory lap with the comment that “I notice they don’t call it ‘Reaganomics’ any more.” Worth recalling that “Reaganomics” was a term liberals and the media came up with to attack Reagan during the deep recession of 1982. So it is ironic that Joe Biden decided to try to peddle “Bidenomics,” which has been
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April 1, 2024 — Steven Hayward
Now that Easter is safely past (except for the Orthodox!), maybe (checks notes) chocolate prices might start to come back down? You know Bidenflation is bad when it reaches chocolate. (Note that the last time chocolate was this expensive, Jimmy Carter was president. Coincidence? I think not!)
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