Essential Economics for Politicians
- Thread starter Bruddah IZ
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Should I tell you why you believe that?
Bruddah IZ
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Bruddah IZ
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Bruddah IZ
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Bruddah IZ
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Bruddah IZ
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Bruddah IZ
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Bruddah IZ
DA
1. Table of the Day I (above) shows a comparison of some key statistics in 1980 and 2014 for public elementary and secondary schools in the US based on data from the National Center for Educational Statistics here. During the 34-year period between 1980-2014, the number of public school students increased by 22.6% (and by 9.25 million). Over the same period, total staff headcount increased by 50.1% (and by 2.1 million), led by an 88.1% increase in school district administrative staff and followed by a 54.1% increase in instructional staff which included a 63.1% increase in school principals and assistant principals. The total expenditures for America’s public schools more than doubled between 1980 and 2014, from less than $300 billion 1980 to more than $600 billion in 2014 (both in 2015 dollars). On a per-student basis, the cost to educate a student in US public schools increased by more than 75.5%, from $7,204 in 1980 to $12,642 in 2014. Meanwhile, reading and math test scores for 17-year old public school students have been basically flat since the 1970s.
As my AEI colleague Andrew Biggs commented on Facebook about the table above: “If you think more resources will solve our educational problems…”
Bruddah IZ
DA
10. Chart of the Day II (below). Adding to the evidence of America’s emergence as a world energy superpower in recent years, exports of US natural gas reached a new all-time record high in November of 226 billion cubic feet, according to new EIA data here. Exports of natural gas by pipeline to Canada and Mexico reached a new record high in November of 193 billion cubic feet, a 26% increase from a year earlier. LNG exports surged to 33 billion cubic feet in November, more than ten times greater than LNG exports in November 2015, reflecting the new developing American industry of exporting some of our abundance of natural gas in the form of LNG. Interestingly, Mexico has emerged as America’s No. 1 customer of LNG, buying more than 40% of the US LNG exports in November, followed by China, which was the second-largest buyer of LNG with a 22% share of November exports.
As Jeff Jacoby wrote recently (featured on CD here), “Not even Donald Trump claims there is anything unpatriotic about selling American-made products to Mexico or China [like LNG for example]. So how can it be unpatriotic to buy products from Mexico or China? Trade is by definition a two-way proposition: Stifle imports and you stifle exports. The only way foreigners can acquire the dollars they need to purchase American goods and services [like LNG] is for Americans to buy their goods and services. The more we trade, the more we gain.”
As Jeff Jacoby wrote recently (featured on CD here), “Not even Donald Trump claims there is anything unpatriotic about selling American-made products to Mexico or China [like LNG for example]. So how can it be unpatriotic to buy products from Mexico or China? Trade is by definition a two-way proposition: Stifle imports and you stifle exports. The only way foreigners can acquire the dollars they need to purchase American goods and services [like LNG] is for Americans to buy their goods and services. The more we trade, the more we gain.”
Bruddah IZ
DA
oh, now itʻs 6 years? Iʻm already doing better by your reconciling.
Hüsker Dü
DA
You are the one that keeps complaining. I honestly hope you are doing better than you make it seem.
Bruddah IZ
DA
Donʻt mistake complaining for educating.
Hüsker Dü
DA
Is that what you think you are doing? Those who can do, those who can't teach.
Bruddah IZ
DA
Itʻs my passion