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 Extended Order, You Can't Have it Both Ways on Apr 30th, 2009
I typically enjoy reading articles about local currencies, local farms, buying local, etc. – they are choc full of economic nonsense that make for great teaching. But every once in a while a piece comes along that demonstrates the anti-humanity of the community-minded folks who often support such ideas.
Note that I celebrate the use of [...]
Posted in Government Gone Wild on Apr 29th, 2009
Reporting from Washington and Los Angeles — In the first major disclosure of corruption in the $750-billion financial bailout program, federal investigators said Monday they have opened 20 criminal probes into possible securities fraud, tax violations, insider trading and other crimes.The cases represent only the first wave of investigations, and the total fraud could ultimately [...]
Posted in Government Gone Wild on Apr 28th, 2009
From today’s paper:
While the Obama Administration struggles to figure out how it will track federal stimulus dollars down to the local level a private sector company is already doing it in real-time speed.
Onvia, a Seattle-based company that employs roughly 200 people, has created a free application that allows the public to search what Obama’s $787 [...]
Posted in Taxation on Apr 28th, 2009
For a guy running a $2 trillion budget deficit, this is pretty audacious:
President Barack Obama convenes his first formal Cabinet meeting Monday and will ask department and agency chiefs to look for ways over the next 90 days to cut $100 million out of the federal budget, a senior administration official said.
I guess you could [...]
Posted in Health Care on Apr 27th, 2009
Particularly in wealthy countries, is that it seeks to alter the revealed preferences of “society.” What do I mean by that? Well, the vast majority of citizens in wealthy countries live far beyond the subsistence level. In fact, even most of those classified as “poor” in modern America enjoy living standards that would place them [...]
Posted in Corporatism on Apr 26th, 2009
The Obama Years In Two Sentences
April 17, 2009, 11:50 am
The perfect storm: arrogant preachy leftists throwing money at useless things – and rational but amoral capitalists running around picking up the money.
The only loser is the taxpayer who is on the hook for all that money.
Also check out why people are [...]
Posted in Government Gone Wild on Apr 25th, 2009
Here.
I mean really, is this guy serious? So if you admit your first demand to trip a few million out of a 3 trillion budget was “symbolic” what the heck is this?
How many federal employees in the department of education will raise their hands and answer, “Eliminate the useless, wasteful and unnecessary Department of Education?”
How [...]
Posted in Money on Apr 24th, 2009
Akerlof, Shiller and the rest of the looters that think “good government” is anything but the most hilarious oxymoron in etymological history should be fed to the lions.
Posted in Regulation on Apr 24th, 2009
The difficulties of regulating when billions of actors make billions of decisions each and every day …
Why I was Fired after the company picnic! For the last company picnic, management had decided that, due to liability issues, we could have alcohol, but only 1 drink per person.
I was fired for ordering the cups.
Just wait until [...]
Posted in Corporatism on Apr 23rd, 2009
I was forwarded the text of Andrew Cuomo’s letter to the Feds today:
Immediately after learning on December 14, 2008 of what Lewis described as the “staggering amount of deterioration” at Merrill Lynch, Lewis conferred with counsel to determine if Bank of America had grounds to rescind the merger agreement by using a clause that allowed [...]
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