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 Flotsam and Jetsam on May 17th, 2008
21 ways to take better photographs. Most popular baby names in 2007. Imagine what the spice traders would have thought of this. This is novel, it’s to help us build immunity … yeah rrrriiiiigggghhhhhttttt
Posted in Classical Liberalism on May 16th, 2008
Perhaps George Mason (really the first American to enumerate the rights to life, liberty and property in something resembling a constitution or declaration) should have added something like this:
Posted in Fun Facts on May 15th, 2008
YouTube alone uses more bandwidth today than the entire Internet did in 2000.
Posted in Institutions, growth on May 15th, 2008
One of my best former students asked me recently, “What one US policy change would have the biggest impact for improving the US economy? Same question regarding the world.” I am usually loathe to answer these sorts of questions, because I don’t want anyone to mistake an answer for something that would be easy to [...]
Posted in Macroeconomics on May 14th, 2008
The answer is probably no. And you’ll get a kick out of this: The Board is audited annually by a major public accounting firm. In addition, the Government Accountability Office (GAO) generally exercises its authority to conduct a number of reviews each year to look at specific aspects of the Federal Reserve’s activities. The audit [...]
Posted in Socialism on May 13th, 2008
What government insurance program has experienced the fastest enrollment increase since 1990?
Posted in Economic Illiteracy, Politics on May 12th, 2008
I was alerted to recent comments by Senator Clinton that seem to demean folks like me: Democratic presidential candidate Hillary Clinton on Sunday dismissed the “elite opinion” of economists who criticized her gas tax proposal…”I’m not going to put my lot in with economists,” Clinton said when asked to name an economist who backed her [...]
Posted in Flotsam and Jetsam on May 10th, 2008
What every office and worker needs – motivation. Is your college degree worth anything? You think your job stinks? Think again. Impress your friends.
Posted in Politics on May 9th, 2008
All politics stink. Even democracy stinks. Imagine if our clothes were selected by the majority of shoppers, which would be teenage girls. I’d be standing here with my bellybutton exposed. Imagine deciding the dinner menu by family secret ballot. I’ve got three kids and three dogs in my family. We’d be eating Froot Loops and [...]
Posted in Inflation on May 9th, 2008
That was my answer to what Americans can do about rising food prices. Hear more on these radio shows: Wednesday, April 23 appearance on Mark Reardon Show on KMOX in St. Louis. Thursday, April 24 appearance with former San Diego Mayor Roger Hedgecock Show, KOGO in San Diego. Friday, April 25 appearance on WRVA AM [...]
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