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 Economic Illiteracy, Regulation on Sep 22nd, 2008
In the latest exercise in brilliance, the all knowing and ever powerful deities in Washington (most of whom were not elected) have decided that it makes sense to ban the short selling of stocks of 799 financial companies. Why? Because finance companies said that short sellers are contributing to a decline in their share price.
Posted in You Can't Have it Both Ways on Sep 21st, 2008
The problem with Libertarians is that they are completely dogmatic …”
Names and faces are protected of course.
Posted in Government Thuggery on Sep 19th, 2008
By 1990, for the first time, more Americans were employed as private security officers than as public police officers.
Posted in Economics Problems, Flotsam and Jetsam on Sep 18th, 2008
“Power and riches appear to be, what they are, enormous and operose machines contrived to produce a few trifling conveniences to the body”
“The beggar, who suns himself by the side of the highway, possesses that security which kings are fighting for.”
“How many people ruin themselves by laying out money on trinkets of frivolous utility? All […]
Posted in Employment on Sep 17th, 2008
In New York State, in which sector of industry do you think more people are employed, the financial activities sector or in government?
Posted in Education on Sep 16th, 2008
Yesterday I mentioned a study that believes a “Value-Designed” model of undergraduate education can be delivered for well less than $10,000 per year. And I am in complete agreement.
Posted in Education on Sep 15th, 2008
I’ve long argued that it is possible. Now Vance Fried shows us how:
Today, Vance has a nice piece in INSIDE HIGHER EDUCATION where he claims you can offer a high quality education for $7,376 a year –total cost. The article is a teaser for the longer (about 40 page) study that CCAP is producing and […]
Posted in Corporatism on Sep 12th, 2008
Posted in Corporatism, Government Thuggery on Sep 11th, 2008
I couldn’t help but post this USA Today report,
“Govt. officials investigated over illicit sex, gifts.”
Posted in Competition on Sep 10th, 2008
I’d love to see a simple econometric study that correlates the rate of increase in taxation in American before and after the closing of the American West (sometime in the late 1800s).
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