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 Socialism on Sep 30th, 2008
That’s what the folks writing for my local free newspaper say about anyone that is not poor. This again makes me chuckle, because on the same pages there are often articles conjuring up all sorts of ways to attract middle and upper income families back to the inner city and to its failing schools.
Posted in Economics Problems, Health Care on Sep 29th, 2008
This drives me bananas …
Posted in Economic Illiteracy on Sep 27th, 2008
New home sales tumbled in August to the slowest pace in 17 years, while the average sales price fell by the largest amount on record, demonstrating the depth of the problem that Washington is trying to solve.The Commerce Department said Thursday that new homes sales fell by 11.5 percent in August to a seasonally adjusted [...]
Posted in Corporatism on Sep 26th, 2008
In case you want my views on this bailout plan, it is a weighted average of the views in this Reason forum … with Professor Munger’s getting the heaviest weighting.
Posted in Economic Illiteracy, You Can't Have it Both Ways on Sep 26th, 2008
I love the local free papers in the communities that I have lived in. The are choc full of good stuff for me – they have fantastic art and music reviews, detailed schedules of community events, profiles of local restaurants, and a huge heap of economic nonsense.
Posted in Standards of Living on Sep 25th, 2008
Per roll, of course. This is incredible: It sure beats corn cobs! Notice how many people you see in the video. Tell me we should lament the loss of those jobs! HT: Phil Pizzingrilli
Posted in Corporatism on Sep 24th, 2008
about the current financial crisis and bailout plan, you can hear me on Wisconsin Public Radio with Ben Merens. It is a bit long (an hour). My favorite question on the Paulson Plan … “Where Do They Get that $700 Billion Number From?” I actually have not seen a reasonable explanation for where it, in [...]
Posted in Economic Illiteracy, Health Care, Standards of Living on Sep 24th, 2008
“In this great year of 1928, over 120 million Americans suffer the depravity of having no health insurance. When I am elected as President, I will fight to make sure that no American has to continue to endure the injustice that our economic system (and bad policies of the opposition party) inflict on hard working [...]
Posted in Corporatism on Sep 23rd, 2008
This is getting funny. As if the mortgage bailout plan wasn’t ridiculous enough, everyone and their brother is now coming to Uncle Hank and Uncle Ben for a little help. You know, for a vital national interest.
Posted in Regulation on Sep 23rd, 2008
What “Wall Street” has done to the American people is simply wrong, so the story goes, and should never be condoned. But is the current financial meltdown a severe cost … or a severe moral wrong … and what does the answer tell us about what the reaction of our elected officials might be?
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