The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. – F.A. Hayek
Posted in Environment on Jul 31st, 2007
In a groundbreaking new study in the B.E. Journal of Economic Analysis & Policy, Matthew A. Cole and Rob J. Elliott find that: Environmental regulation costs are not found to have a statistically significant effect on employment whether such costs are treated as being exogenous or endogenous. We therefore find no evidence of a trade-off between jobs [...]
Hint: It is not President Bush the Second. Does not this provision reduce the UN (my edit), so far as concerns an early reconsideration of any of the terms of the Peace Treaty, into a body merely for wasting time? If all the parties to the Treaty are unanimously of opinion that it requires alteration [...]
Posted in Environment on Jul 27th, 2007
Listen to the consumers, of course! The world is using much less carbon per unit of output, and this includes China and India. “Economically and technically, carbon seems to fated to fade gradually over this century. By 2100 we will feel nostalgia for carbob as some do now for steam locomotives. “ Here is the [...]
Posted in Development, You Can't Have it Both Ways on Jul 26th, 2007
Anna Schwartz is visiting us at AIER today to speak with our summer students about her experience doing research on what would become A Monetary History of the United States, and what it has been like to discuss that book’s powerful findings in a hostile intellectual and political environment (fyi – its major contribution aside [...]
Posted in Education on Jul 25th, 2007
That the total expenditures on K12 schooling at the state and local level far exceeded the federal expenditures on national defense last year. That was from a Tax Foundation podcast.
Posted in Government Thuggery, Socialism on Jul 23rd, 2007
If, in a small community, ten people band together to rob and expropriate three others then this is clearly and evidently a case of a group of individuals acting in concert against another group. In this situation, if the ten people presumed to refer to themselves as “society” acting in “its” interest, the rationale would [...]
Posted in Economists on Jul 23rd, 2007
Becoming a Federal Reserve Bank President from outside of the FED system is a bit like the Vatican naming a rabbi to become a Cardinal. Source will be protected.
Posted in Uncategorized on Jul 23rd, 2007
A nice comment from Steve over at Seeker-blog: http://seekerblog.com/archives/20070625/improving-the-state-of-the-world/ Can any readers help me figure out how to customize this blog better? Like, how do I link to Steve’s blog formally so that he knows I mentioned him?
Posted in Economic Illiteracy on Jul 19th, 2007
Rep. Howard P. (Buck) McKeon (D-Calif.) said in introducing cost-control legislation last winter. “Colleges and universities themselves must be held accountable for their role in increasing tuition and fees year in and year out.” What holds shoe companies accountable? Or Dell? Or Apple? Or Barnes and Noble? Is it Buck McKeon and his enlightened brethren [...]
Posted in Economic Illiteracy on Jul 18th, 2007
“The subsidy level would be set by the open market, not by student loan industry lobbyists.” Here is the source.
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