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But the poorest 10% of consumers would lose 63% of their spending power, because they buy relatively more imported goods. The authors find a bias of trade in favour of poorer people in all 40 countries in their study, which included 13 developing countries.

They hired people–and, notice, more than one–to tell them that when you have a big loss in one year, you can use it to offset income

In many cases the requirements proposed by the department would require the university to implement extremely expensive measures to continue to make these resources available to the public for free.

  • Ben Carlson on Risk Taking: One point that is often lost on people is that years ‘far away’ from the mean are normal, not the other way around.


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