Homines libenter quod volunt credunt
Posted in Corporatism on Nov 18th, 2008
If I were a Congressman and had to write legislation, I would require that every single US Senator and Representative, every single employee and family member of the Big 3, every single person that distributes cars made by the Big 3, or produces parts that go into cars made by the Big 3, must only […]
Posted in Environment on Nov 18th, 2008
In another leading textbook, this is a footnote to a comment on how some groups use “Rules of Thumb” to allocate a good or service: Sensitivity check. Although this phrase has been associated with the shocking idea that a husband can beat his wife so long as the stick is no thicker than his thumb, […]
Posted in Competition, Corporatism on Nov 18th, 2008
Now healthy institutions buy battered ones just to get a place in line. Think of the type of competition that emerges when rationing is based on need rather some other mechanism. It surely is not productive for “society.” The healthy institution is terrified by the unhealthy ones, because the unhealthy ones have a claim on […]
Posted in Price System on Nov 18th, 2008
We had our first snowfall of the year here in Rochester today.
Posted in incentives on Nov 18th, 2008
American church membership has risen throughout most of the past two centuries, from 17 percent of the population at the time of the American Revolution to 34 percent in the mid-19th century to over 60 percent today. The fraction of the U.S. population employed as clergy has remained stable at 1.2 per thousand for the […]
