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 Fun Facts on Jul 23rd, 2008
Professor Andrew Oswald of the University of Warwick wrote a paper that was prominently featured in Steven Landsburg’s latest book, More Sex is Safer Sex. Oswald noticed that around the world, home ownership rates and unemployment rates have a strong positive relationship (he in fact believes that home ownership causes unemployment). Read the chapter for […]
Posted in Socialism on Jul 21st, 2008
The bourgeoisie … has been first to show what man’s activity can bring about. It has accomplished wonders far surpassing Egyptian pyramids, Roman aqueducts and Gothic cathedrals … The bourgeoisie … draws all nations … into civilization … It has created enormous cities … and thus rescued a considerable part of the population from the […]
Posted in Environment on Jul 20th, 2008
Can be found here. More information will be added in the coming days.
Posted in Flotsam and Jetsam on Jul 19th, 2008
Electronics repair for DIY’ers.
What do you think of these brand new logos?
A new way to watch golf.
Get a new name.
Mind the gap at Gapminder.
Posted in Price System, incentives on Jul 18th, 2008
Automobile technology has improved dramatically over the past three decades. Given the relative cheapness of gasoline, as well as the increases in household income and total compensation over the same time period, rather than use these technological advances to produce (and consume) cars that get better gas mileage, “we” have used it to build larger, […]
Posted in Competition on Jul 17th, 2008
In California, apparently our enlightened bureaucrats, no doubt with the aid of established corporate farming interests, protect all Americans from evil, illegal fruit. What makes fruit evil and illegal? Well the size of course!
This will enable handlers to continue to ship fresh nectarines and peaches in a manner that meets consumer needs, increases returns to […]
Posted in Socialism on Jul 16th, 2008
Mr. Stern’s “middle class” spin would be more believable if the SEIU did more for its own members, especially their pensions. Public records based on the SEIU’s own filings show that the SEIU National Industry Pension plan - which covers some 101,000 workers - was only 75% funded in 2006. Put another way, the plan […]
Posted in Money on Jul 16th, 2008
The proceedings should be online soon. Aside from the obvious limitations of the import replacement wishes of one of the sponsors, this promises to be very interesting. Someone I know put this together.
Posted in Education, You Can't Have it Both Ways on Jul 15th, 2008
… not as he does.
After telling a gathering of the American Federation of Teachers that he opposes school voucher programs over the weekend, Senator Obama added that: “We need to focus on fixing and improving our public schools; not throwing our hands up and walking away from them.” Senator Obama sends his own two daughters […]
Posted in Environment on Jul 15th, 2008
you can’t be morally obligated to do something that is not feasible. Could I be morally obligated to be like Peter Pan and flap my wings and fly around the room? The answer is clearly not. I can’t have a moral obligation like that because I am not capable of flapping my arms and flying around […]
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