[RD] Daily Graphs and Charts

[Monsterzuma]

The short version: "geek" is more about arts while "nerd" is more about sciences.

cool chart, but how was it derived? are those twitter hashtags?

 

[Arwon]

Effectiveness of public sector in OECD countries versus tax rates. Specifically this is a scatter-plot of OECD rankings on the two measures, not a plot of any absolute measure of tax burdens or government sector effectiveness.

Australia highlighted as it's from an Australian article.

 

[Terxpahseyton]

They should correlate effectiveness with income per capita and population size.

Specifically this is a scatter-plot of OECD rankings on the two measures, not a plot of any absolute measure of tax burdens or government sector effectiveness.

What does this mean?

 

[Tee Kay]

Good ol' Italy.

 

[JohannaK]

I feel better after seeing such a similarly important country as Italy so far worse than Spain.

 

[Mise]

They should correlate effectiveness with income per capita and population size.

What does this mean?

It means that they've taken a ranking of countries and plotted their positions on the chart. The consequence is that it's quite possible that the top 10 are, in reality, all pretty much as effective as each other, with only a minute difference between them - but this difference would be exaggerated on the chart. Conversely, there could be a huge gap between 1st and 2nd, which is hidden by only plotting rankings rather than the actual figures.

 

[strijder20]

I feel better after seeing such a similarly important country as Italy so far worse than Spain.

If you need to look at Italy to feel better about your public sector, separation really is the way to go.

 

[Arwon]

It means that they've taken a ranking of countries and plotted their positions on the chart. The consequence is that it's quite possible that the top 10 are, in reality, all pretty much as effective as each other, with only a minute difference between them - but this difference would be exaggerated on the chart. Conversely, there could be a huge gap between 1st and 2nd, which is hidden by only plotting rankings rather than the actual figures.

At some point I will track down the raw figures. Should be pretty available since it is oecd data.

 

[Terxpahseyton]

@Mise
I see, thank you.

 

[Cutlass]

 

[Monsterzuma]

cool chart, but doesn't really go far back enough. the ancient babylonians already had massive accounting records of debts (denominated in grain units) owed to the ruling court and even had mathematical models estimating the doubling time of these so that resulting financial crises could be pre-empted. (Michael Hudson quips that this makes their models more advanced than our current ones)

 

[Lord Chambers]

Spoiler :

Oh what a tangled web we weave when we bundle bonds and loans into securities.

 

[Cutlass]

http://visualizingeconomics.com/blog/2013/6/4/the-real-price-of-gold-since-1791

 

[Yeekim]

"If you convert OECD countries’ wages to a common currency based on their purchasing power, here’s what they look like:"

And that is why everyone around here already works in Finland.

 

[Winner]

And that is why everyone around here already works in Finland.

Yep. Working for a minimum wage in Ireland means you earn the 'average' wage in the Czech Republic. Inverted commas here indicate that only a small fraction of people here actually reach the 'average' income; most are well below that number.

It just depends on whether you want to debase yourself to support consumerist imbeciles in the West.

 

[Traitorfish]

It's median, rather than average, so by definition 50% of Czechs have incomes at or above that level.

 

[Lord Chambers]

I'm going to give you an amazing fact to drop in conversations. It's going to make you look really smart. All references are to the United States.

But first, other facts which assert that driving sucks.
1. "Urban traffic congestion in 2005 caused the average peak-period travelers to spend thirty-eight extra hours in travel time (Schrank and Lomax 2007)." "This wasted time costs the country $78 billion annually, which is almost exactly the size of the entire U.S. federal transportation budget."

2. There are other externalities than sitting in traffic. Accidents cost the United States $433 billion in 2000 (Parry, Walls, and Harrington 2007).

3. The car fleet runs mainly on gasoline, and that emits carbon.

Best way to reduce all these costs? Cut through the carbon and economic losses? Pay-as-you-drive insurance. If all drivers nationwide were covered by pay-as-you-drive policies, not only would the average driver save $270 per month, total miles driven would fall by about 8 percent. That many fewer miles traveled would save 58.9 billion dollars annually (Noel & Bordoff, 2008).

So next time someone's like "man, driving sucks" or "I wish we emitted less carbon," you can be like "we could cut national carbon emissions by 2% just by switching to pay-as-you-drive insurance." "Add to GDP while we're at it." "Save 2/3rds of drivers money each month." Okay stop, you've made your point.

Source: http://www.brookings.edu/research/papers/2008/07/payd-bordoffnoel

 

[Mise]

http://www.pewresearch.org/fact-tank/2013/11/21/jfk-torch-bearers-now-vote-more-republican/

 

[Hygro]

That graph rules.

 

[peter grimes]

I'm having trouble figuring out what conclusions we can draw... Clearly Republicans are failing to replace their numbers as they die.

But what else?

Edit: I read the article. I was more likely to vote more relublican, but that's not how I've voted. I'm disappointed with my cohort!