The Unbroken Window

If one looks at the latest GDP figures, you will notice that the total value of all goods and services produced by Americans is roughly $14.3 trillion (at end of June 2008).

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Parking pricing is easy!
Have you ever wandered through a large parking lot that is filled up to the brim with cars, but are frustrated by the 10 handicapped spaces left wide-open within steps of your destination? Of course doing away with the handicapped spaces altogether will have no impact on you, that is like leaving […]

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Number of farmers in America (1900): 11.1 million
Employees in the U.S. Department of Agriculture (1900): 2,900

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Think of the knowledge required to create something like this. Does any one human, or government or religious organization have even the remotest capability of assembling it? And to imagine the potential applications from something like this, and all relying on the personal (selfish) input of millions and millions of internet users. And economic processes […]

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In a CNN Money article:
People’s views have a greater effect on the economy these days since consumers are more likely to act on their feelings, experts said. So if they are worried about their financial well-being, they’ll be more likely to pull back on their spending. This, in turn, hurts the economy.
“If there is a […]

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As the economy seems to be sliding into recession, and pundits claim the walls of the world are crumbling all around us, my experience of the past three days helped me put things into perspective. (particularly in regard to how things compare even to 7 years ago during the last recession)

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I will not pack my knives and go. Thanks Tyler for making me feel better about indulging in one of my guilty pleasures!

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Today I purchased a parking pass at my new employer - and I had lots of choices. Being the “economizer” that I can sometimes be, I decided to get a pass for Zone 3 parking.

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Three economic questions frame nearly every debate on the immigration issue.  First, can America absorb the latest wave of immigrants?  Second, what is the impact of immigrants on the labor market prospects for low- and high-skilled natives?  Third, do immigrants represent a strain on public services?  In answering these questions it is important to appreciate […]

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My wife and I are big fans of Cornell Hockey.

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