Quotulatiousness

May 25, 2017

Words & Numbers: Government Can’t Stop Creative Destruction

Filed under: Business, Economics — Tags: , , , — Nicholas @ 05:00

Published on 24 May 2017

Technology doesn’t just change things, it utterly destroys things. And that’s just fine. It happens so often that people barely even notice when it does. Think about all the new services that have come to market just over the past few years: Uber, Airbnb, Redbox … the list goes on and on.

But that’s only half the story. In turn, the list of services replaced by these new ones is similarly long: taxis, hotels, Blockbuster, etc. And workers in these industries often lose their jobs in the line of creative destruction. We generally accept this as the price of innovation, but many people try to use the government to stop this by blocking the new services.

Today we’re seeing this with more politically well-connected industries like taxis and hotels. Pressure is put on Uber and Airbnb, respectively, to “protect” the established industries they are upending.

This week, Ant and James talk about why this is always a mistake.

Learn More:
https://fee.org/articles/government-cant-stop-creative-destruction/

May 19, 2017

Marijuana use promotes incoherence … on the part of non-users

Filed under: Cancon, Law, Liberty, Science, USA — Tags: , , , , — Nicholas @ 03:00

Chris Selley rounds up some of the less-than-realistic concerns of the anti-legalization folks:

The move toward marijuana legalization is … still not as coherent as it could be, let’s say. The Liberal legislation, unveiled last month, would establish rules around THC-impaired driving that may well prove unconstitutional: science has yet to establish a solid link between a given level of THC concentration in a driver’s blood or saliva and his level of impairment. Frustratingly, there are still those who use this as an argument against legalization — as if it would create pot-impaired drivers where there are none today.

Last week on CTV’s Question Period, host Evan Solomon asked former U.S. ambassador Bruce Heyman what would happen if someone showed up to the border with his car or his clothes smelling of marijuana. It’s a variation of a question that’s been asked often: As it stands, Canadians who admit having smoked marijuana in the past are sometimes turned back. What would happen after legalization?

The de facto answer is, as always: Whatever the hell the U.S. border guard in question wants to happen. (It amazes me how many Canadians haven’t yet figured this out.) And furthermore: “Don’t rock up to the U.S. border reeking of pot, you utterly unsympathetic tool.”

The de jure answer: Well, who knows? Why would Canada’s decision to legalize marijuana have any bearing on the admissibility of foreign pot-smokers to the United States of America?

Heyman’s answers were more, er, nuanced than mine. Bafflingly, he started talking about sniffer dogs and their performance limitations: They won’t care that pot’s legal, so they’ll still detect marijuana, and that will bog down the border.

Now, marijuana legalization certainly might lead to a bogged-down border — if humans, not canines, decide to bog it down. For example, one can imagine Donald Trump thinking legalization necessitated much more aggressive screening of incoming motorists, and not caring too much about the trade implications. Whether that makes any sense is another question.

May 12, 2017

Jeremy Clarkson talks speed camera politics – Top Gear – Series 1 – BBC

Filed under: Britain, Law, Liberty — Tags: , , — Nicholas @ 02:00

Uploaded on 12 Apr 2007

The Top Gear boys, Jeremy Clarkson, Richard Hammond and James May discuss the politics of speed cameras…

May 5, 2017

Jeremy Clarkson on Bad Drivers

Filed under: Humour — Tags: , — Nicholas @ 02:00

Uploaded on 15 Mar 2010

A discussion with a lot of truth in it.

May 1, 2017

Math is hard … and in Oregon it can lead to hard time

Filed under: Bureaucracy, Government, Law, Liberty, USA — Tags: , , , , — Nicholas @ 05:00

Did you know that you have to be certified by an Oregon regulatory agency to do certain kinds of math? Mats Järlström has discovered just how draconian the state can be about unauthorized mathematizing:

After exploring the math behind traffic light timing, Järlström concluded that the formula, created in 1959, accounted for only two yellow light scenarios: driving straight through the intersection, or stopping.

So Järlström decided to try to improve the math managing the transition time from yellow to red, in order to allow a driver traveling through an intersection with a yellow light to slow down and turn without being flagged for a red light violation. And in early 2015 he shared his proposal with the media, policymakers, and those interested in the traffic technology.

“It’s not rocket science,” Järlström said in a phone interview with The Register. “It took me about 40 minutes to figure it out.”

For communicating his findings in five emails, the Oregon State Board of Examiners for Engineering and Land Surveying in March, 2015 opened an investigation. In August 2016, the rules body found [PDF] that Järlström had engaged in unlicensed engineering and assessed a $500 fine.

Even better, if he persists, he may even face jail time for his unlicensed mathematical crime spree.

Järlström paid the fine but fears his ongoing interest in traffic light timing will lead to further penalties. Violating the Act could subject him to $1,000 in civil penalties, $6,250 in criminal fines, and as much as a year in jail.

April 12, 2017

QotD: Different interpretations of cause and effect

Filed under: Africa, Quotations — Tags: , , , — Nicholas @ 01:00

On December 8, 1979 two Zairean air-force jets approached the airport in Kinshasa, the capital what is now the Democratic Republic of the Congo. The tower radioed the pilots, telling them they couldn’t land; the air-traffic controllers were concerned about low visibility.

But when the pilots were told that they “couldn’t land,” they didn’t think, “I can’t land right now,” they thought, “I can’t land, ever.” So they ejected from their planes, letting two perfectly good Mirage jets crash into the Atlantic Ocean.

These men weren’t fools. Idiots don’t fly jets. It’s just that, for an instant, they were thinking according to an entirely different set of rules about how life works. “Can’t” means “never, ever, possible” according to these rules — not “wait an hour,” or “find a different runway.” And so they hit the eject button.

Longtime readers may recall I got this story from a great book, David Lamb’s The Africans. Lamb went on to observe that many Africans have a slightly different interpretation of cause and effect. In the West, the lesson the average person would take from a near-fatal car crash at high speeds on a hairpin turn would be “Man, that was close. I better not try that again.” But in Africa, Lamb writes, “if an oncoming car has to swerve off the road to avoid his vehicle, and there are no collisions or injuries, the African does not say, ‘Next time I’d better not do that.’”

I’ve heard similar stories about drivers throughout the developing world, particularly in Latin America, where traffic accidents and fatalities are much higher than in more advanced nations — even though the rate of car ownership is much lower.

Jonah Goldberg, “Is Trump Really the Anti-PC Warrior His Fans Make Him Out to Be?”, National Review, 2015-08-15.

March 18, 2017

Don’t just “fix” CAFE … eliminate it

Filed under: Business, Environment, Government, Technology, USA — Tags: , , — Nicholas @ 03:00

Virginia Postrel on the best idea for fixing the Corporate Average Fuel Economy regulations:

Although Congress originally established the Corporate Average Fuel Economy, or CAFE, standards to conserve gasoline in 1975, the Obama administration justified its sharp hike as a way to curb greenhouse gases under the Clean Air Act. A reversal will almost certainly trigger legal challenges.

Fighting over the right level for fuel-economy mandates obscures the fundamental problem, however. The CAFE standards are lousy environmental policy. Instead of targeting the real issue — burning less gasoline — the mandates meddle in corporate strategy, impose enormous hidden costs, and encourage drivers to hang on to their old gas guzzlers. Republicans should scrap the standards altogether while they control the White House and Congress. The CAFE rules are a terrible way to achieve either fuel savings or lower carbon emissions.

For starters, measuring miles per gallon is a misleading way to think about fuel efficiency. What we need is the reverse: gallons per mile. That more clearly shows how much fuel a given improvement might save. Going from 3.3 gallons per 100 miles (better known as 30 mpg) to 2 gallons per 100 miles (50 mpg) presents a much tougher design challenge than getting from 6.7 gallons per 100 miles (15 mpg) to 4 gallons per 100 miles (25 mpg). Yet the more modest improvement saves more than twice as much gasoline. And that’s without considering the relative popularity of gas guzzlers or how better gas mileage can encourage people to drive more.

And, of course, CAFE standards affect only new vehicles, a tiny percentage of the total. Higher mandates don’t get old ones off the road and, in fact, they may very likely keep gas guzzlers driving longer. Research by economists Mark Jacobsen of the University of California-San Diego and Arthur van Benthem at the Wharton School finds that among vehicles more than nine years old, the least fuel-efficient ones stay on the road the longest. By raising the prices of new vehicles, tighter fuel regulations encourage drivers to buy used ones or simply keep what they already have.

March 17, 2017

Jeremy Clarkson’s view of off road cars – Clarksons Car Years – BBC

Filed under: Britain, Humour — Tags: , — Nicholas @ 02:00

Uploaded on 21 Sep 2008

Jeremy has his say about 4x4s and his novel take on the school run.

February 18, 2017

Top Gear‘s James May on How to drive a Ford model T

Filed under: History, Technology — Tags: , — Nicholas @ 03:00

Published on 23 Aug 2016

Top Gear‘s James May on How to drive a Ford model T

February 9, 2017

The History Of British Racing Green By Top Gear!

Filed under: Britain, History — Tags: , — Nicholas @ 02:00

Uploaded on 21 Oct 2011

February 5, 2017

What a finely crafted Super Bowl ad can convey to different audiences

Filed under: Business, Media, Politics, USA — Tags: , , , , , — Nicholas @ 04:00

ESR linked to this Audi ad analysis saying, “The author may not have intended it this way, but this brilliant analysis could be part of the continuing “Why Trump won” series. Because eventually people get fed up with the contempt, and they push back.”

The Internet is in the proverbial tizzy about Audi’s “feminist” Super Bowl advertisement, in which the automaker comes out in favor of equal pay for women.

At first blush, the spot seems to be nothing but the usual corporate slacktivism, a feel-good fluff-vertorial making a “brave stand” in support of an issue that was decided long ago. I’m reminded of Joaquin Phoenix’s brilliant portrayal of Commodus in Gladiator, arriving in full armor as soon as he can do so without any risk. “Father, have I missed the battle?” Well, Audi, you’ve missed the war; if there’s a place in the United States where women are actually paid significantly less for doing the same job as men, it’s not evident from what I’m reading.

After watching the one-minute advertisement carefully, however, I understood feminism, or equal pay, is the last thing Audi wants you to take away from it. The message is far subtler, and more powerful, than the dull recitation of the pseudo-progressive catechism droning on in the background. This spot is visual — and as you’ll see below, you can’t understand it until you watch it and see what it’s really telling you.

Let me tell you up front: chances are you won’t like what Audi has to say.

January 30, 2017

QotD: Everyone has prejudices

Filed under: Business, Quotations, USA — Tags: , , — Nicholas @ 01:00

I’ve told before the story of how my husband and I went car shopping and took along our best friends, both taller, blue eyed, and one of them blond. Inevitably, at whichever dealership we landed in (this was a lazy Saturday pursuit. You know what I mean) the salesman gravitated towards our friends who a) weren’t shopping for a car. b) were far less financially solvent than we were.

Racism? Oh, heck no, heuristics. Dan might or might not be as white as advertised, but outwardly he’s all white (nickname Count Dracula due to his inability to tan.) (Well, maybe the eyes give some clue to other genetic origins as in Portugal everyone assumes he’s from Macau and some level of cross breed. Meh.) And I can pass provided I haven’t been outside in a couple of weeks and don’t open my mouth. So, racism was highly unlikely. But we’re both short, overweight, dark haired, and were dressed almost terminally relaxed. Our friends fit the “double income” couple look better than we did, so salesmen gravitated to them.

Privilege? No. We got the chance to poke around at cars while our friends distracted pushy salespeople. BUT prejudice? You bet. Even though the two couples were superficially “white” you bet the sales people had an image of what “affluent” or relatively affluent (it was used dealerships) looked like, and it wasn’t Dan or I.

Sarah Hoyt, “The Privilege Of Not Caring”, According to Hoyt, 2015-05-17.

December 31, 2016

Signaling

Filed under: Economics — Tags: , , — Nicholas @ 04:00

Published on 23 Sep 2015

A signal is an action that reveals information. Let’s look at higher education, for example. A large fraction of the value you receive from your degree comes on the day you earn your diploma. Your expected wages don’t increase with each class you complete along the way; instead, they spike sharply at the end when you receive your diploma. This is often referred to as the “Sheepskin Effect” because diplomas used to be printed on sheepskin.

Nobel Prize winner Michael Spence did research on this subject and found that education is valuable not necessarily because it creates valuable skills, but rather that it signals valuable skills. So how does the signal, represented by a degree, alleviate asymmetric information?

Employers don’t necessarily know how smart or skilled you are. Your degree, however, provides a credible signal of these traits and gives them more information they can use in the hiring process.

What other signals exist? We discuss examples like diamond engagement rings, why criminals tattoo their face, and why a peacock has a colorful tail. Let us know what examples you come up with in the comments.

November 27, 2016

Jeremy Clarkson’s Life Revealed – Exclusive Documentary

Filed under: Britain, Humour, Media — Tags: , — Nicholas @ 03:00

Published on 25 Nov 2016

Subscribe for more great content, about the upcoming Grand Tour

September 20, 2016

QotD: Municipal parking regulations hurt the poor

Filed under: Economics, Government, Quotations, USA — Tags: , , — Nicholas @ 01:00

Another land-use regulation that makes space more expensive is municipal requirements that establish a minimum number of parking spaces per housing unit.

According Donald Shoup’s analysis, parking requirements add significantly to the cost of housing, particularly in areas with high land values. For example, in Los Angeles, parking requirements can add $104,000 to the cost of each apartment. Parking requirements limit consumers’ choices and increase the cost of housing even for those who prefer not to pay for parking.

Developers typically build only the minimum amount of parking required by law, which indicates that those requirements are binding. That is, in a less-regulated environment, developers would devote less land to parking and more land to living space. A greater supply of living space will, other things equal, lower the cost of housing.

Sandy Ikeda, “Shut Out: How Land-Use Regulations Hurt the Poor”, The Freeman, 2015-02-05.

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