10 Charts to Brighten Your Century : The Freeman : Foundation for Economic Education

10 Charts to Brighten Your Century : The Freeman : Foundation for Economic Education

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1. There is a rape epidemic caused by rape culture.
...incidents of rape are lower than they have been in 40 years and have been reduced by more than half. It’s not clear what factors brought about such declines, but the declines should be acknowledged.
2. Police work is dangerous, so cops need military gear.
...it just isn't unusually deadly or dangerous — and it’s safer today than ever before. The data do not justify the kinds of armor, weapons, insecurity, and paranoia being displayed by police across the country.
3. Gun ownership increases violent crime.
The most remarkable statistic is that, since gun-related violence peaked in 1993, there has been an appreciable decline in gun violence ever since — all despite (or perhaps because of) significant national increases in gun ownership.
4. Concentrations of CO2 in the atmosphere will lead to catastrophic climate change.
...despite significant increases in carbon dioxide concentrations in the atmosphere, average global temperatures in the lower atmosphere have been virtually unchanged for more than 18 years.

What does this mean? At the very least, it means we should be dampening some of the climate-change hysteria, questioning the models that have predicted greater warming, and embracing a reasoned agnosticism about the issue until it’s better understood.

5. The rich are getting richer and the poor, poorer.

The truth is, the rich are getting richer and the poor are getting richer, too. In fact, globally, the poor are richer than they have ever been in human history.

But what about in the US? As columnist and professor Michael Shermer writes in Scientific American, “The top-fifth income earners in the U.S. increased their share of the national income from 43 percent in 1979 to 48 percent in 2010, and the top 1 percent increased their share of the pie from 8 percent in 1979 to 13 percent in 2010. But note what has not happened: the rest have not gotten poorer. They’ve gotten richer: the income of the other quintiles increased by 49, 37, 36 and 45 percent, respectively.”

6. The air is getting dirtier due to more cars on the road.

In the United States, there are more than twice the vehicles on the road today than in 1980. Yet, the air quality has never been better. Remember pictures of Los Angeles in the 1980s? Smog. L.A. hasn’t seen that kind of filthy pea soup since Magnum PI.

7. We’re nearing  "peak oil."

Ever heard of Julian Simon? He’s the doomslayer who suggested we take any neo-Malthusian predictions of resource depletion with a grain of salt. Indeed, he suggested that because the human mind is the “ultimate resource,” resources would never run out. As long as there is a system of prices, property, and a profit motive, people will have incentives to conserve, innovate, or substitute. So what happened to peak oil? TheShale Revolution happened, just as Simon would have predicted. (Sorry, Professor Krugman.)

8. Our infrastructure is crumbling.

During the worst of the 2008 recession, one popular meme was that the nation’s infrastructure was “crumbling.” We were all to fear falling bridges and the general pothole-ification of America. Governments used such fearmongering to justify Keynesian stimulus policies through more taxpayer-funded investment in roads and bridges. But transportation analyst David Hartgen countered that false narrative right here in the pages of The Freeman.

9. The US health system ranks low among developed countries for health outcomes.

Not so fast. When one factors out deaths due to homicide and auto fatalities, the United States shoots to number one in health outcomes along a number of dimensions. Yes, health care is expensive. Yes, it’s convoluted. Yes, it’s corrupt — and it’s all thanks to political meddling. But the US health care system is still probably among the best in the world.

10.The Public Schools Need More Funding

Each year, the schools get more resources. Another Taj Mahighschool goes up. Another football stadium gets built. Another administrator’s salary goes up. Another union boss enjoys champagne in a hot tub. And what happens to educational outcomes? Forty years on … no change.