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 Health Care on Nov 30th, 2008
“By putting more money into AIDS, we are implicitly saying it’s OK for more kids to die of pneumonia,” England said.
What is the over-under on number of names Mr. England will be called in the coming month?
Posted in Government Gone Wild on Nov 28th, 2008
Another installment in our new series, “Government Gone Wild.” This site could be dedicated solely to this topic, so to avoid boredom and to keep the marginal value of such entries sufficiently high, I will do my best to restrain myself from posting too much on this topic. In any case, the next installment has [...]
Posted in Property Rights on Nov 27th, 2008
This editorial appeared in the Olean Times Herald on Thanksgiving Day, 2008.
Four centuries after the celebration of the first Thanksgiving, there is still widespread disagreement about the reason for the Pilgrims’ feast. But whether it was a harvest festival, a strictly religious observance, or a thank you to the local Wampanoag Indians, such a feast [...]
Posted in Resources on Nov 26th, 2008
Cal Beisner found that when floppy computer discs were around that also happened to have word processors on them, they were selling for around $450. These floppy discs embodied only ONE CENT’s worth of petroleum and sand.
Posted in Macroeconomics on Nov 26th, 2008
Snuggieblankets.
Posted in Corporatism on Nov 25th, 2008
Help for companies that issue credit cards, finance auto purchases or make student loans.
Posted in Environment on Nov 25th, 2008
Reasonable people can be perplexed about the myriad problems and difficulties surrounding measuring the effects of carbon dioxide emissions on global warming. But no reasonable person should be permitted to make up data. But that’s exactly what NASA’s James Hansen is doing:
A surreal scientific blunder last week raised a huge question mark about the temperature [...]
Posted in Government Gone Wild on Nov 24th, 2008
To disavow folks of the notion that your government exists to work in your interest, or that it is somehow immune to the same problems that “markets” are accused of suffering from, we will begin a regular series highlighting the egregious violations of the liberty of the citizenry perpetuated by the government.
Posted in Corporatism on Nov 23rd, 2008
I sure hope not. If by saving it we are going to get the largest expansion in government power in history, unsustainable entitlement programs that discourage productive workers from producing and saving, increased class warfare and economic suspicion (only 90% marginal tax rates on top incomes back then), frightening the daylights out of businesses and [...]
Posted in Corporatism on Nov 20th, 2008
Well, if the direct bailout won’t work, try it through the backdoor …
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