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 Flotsam and Jetsam on Jan 7th, 2009
Of humanities bachelor’s degrees, the largest share (about one third) are awarded in English. The indicators note that while ethnic, cultural and gender studies have seen dramatic increases in scholarly interest in recent decades, that hasn’t been matched by undergraduate majors, with less than 2 percent of degrees awarded in the humanities going to those [...]
Posted in Flotsam and Jetsam on Jan 6th, 2009
And many are really young. 4 of them are from Turkey.
Posted in Economic Illiteracy, Taxation on Jan 5th, 2009
From Russ Roberts: an increase in spending coupled with lower tax collections is an INCREASE in taxes. AN INCREASE in taxes. NOT A TAX CUT. If I spend more money and collect less, the government is promising to collect more taxes in the future. It is not a tax cut. Not a tax cut. Not [...]
Posted in Economic Illiteracy, Environment on Jan 2nd, 2009
With oil near a recent nadir ($40 per barrel), where have all the “Peak Oil” alarmists gone? When oil prices shoot up, every single time, the doomsdayers crawl out of their tee-pees and lean-tos (actually, more likely their McMansions that happen to be “carbon neutral” because they paid for offsets), and warn that “Peak Oil” [...]
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