A long pondered but only lately realized blog about economics, politics, evaluation, econometrics, Ann Arbor, academia, college football and whatever else comes to mind.
Friday, January 29, 2010
Denmark in the No Spin Zone
Bill O'Reilly and his two very blonde colleagues deconstruct Oprah's love of Denmark.
Best bits: O'Reilly on the Danish Vikings and his Irish ancestors and Margaret Hoover dissing O'Reilly on Aristotle
Worst bit: Margaret Hoover's outfit makes her look like a clown about to put on her makeup.
Oh, and just to be clear, the 90 percent replacement rate in the Danish unemployment insurance system does have a cap, so neither O'Reilly nor Oprah would get 90 percent of their salaries were they Danes who lost their jobs.
My take: the Danish equilibrium requires a lot of social cohesion, for which being a small, homogeneous country is probably a necessary but not sufficient condition.