Dean BakerWonk Blog put together the favorite graphs from the last year of various policy wonks. It has some great graphs. Most I've seen, but some were quite new to me—especially about the environment, because frankly, I don't keep up on it enough.

They did, however, not ask Dean Baker of the Center for Economic and Policy Research. And I think I know what his favorite graph would have been. Not only has he used it many times, but so have I. It compares how changing demographics (people retiring) will affect our standard of living versus how productivity growth will do so. Bottom line: productivity growth (even assuming an unrealistically low rate) swamps demographic changes:

Social Security Funding Effects

One of the most striking graphs is from Chrystia Freeland who offers The Great Gatsby Curve. It shows what I talk about often: a society cannot have great inequality and great opportunity. The more equal a society is, the easier it is for the poor to advance. As the United States gets more unequal, it turns more and more into a caste system where people are stuck wherever they start:

The Great Gatsby Curve

The following graph is from MIT economics professor Michael Greenstone. It deals with the true economic costs of various energy sources. Note that when they are all taken into account, coal becomes an extremely expensive fuel. But as I wrote earlier today, we have a system that cares only about short-term profits. All of these costs should be taken into account:

Energy Costs with Externalities

And there is this great chart from XKCD, offered by Princeton neuroscience professor Sam Wang:

Numbers Vs. Pundits

Check out the whole article. There are a lot of interesting graphs. There is also a really not interesting graph offered by fucktard Glenn Hubbard to show that we shouldn't worry about taxing the rich. I would have thought that by now he would be too embarrassed to even leave the house. Wait! I forgot: he's a conservative. They can't feel things like embarrassment and shame.

Afterword

If you don't know Glenn Hubbard, check out this two and a half minute clip from the great documentary Inside Job:


He was also Mitt Romney's economic adviser.

Update (27 December 2012 3:15 pm)

Here is Thom Hartmann interviewing Glenn Hubbard. The man can't even justify his own beliefs. He just talks rubbish.