This Week’s Sign of the Economic Apocalypse
Posted in Government Gone Wild on May 30th, 2009
This is nothing to smile about. What’s next, no talking in airports?
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 Government Gone Wild on May 30th, 2009
This is nothing to smile about. What’s next, no talking in airports?
Posted in Government Thuggery, You Can't Have it Both Ways on May 29th, 2009
The politicians really cannot help themselves. Here is one from today: The president, after all, had taken great pains to explain that this is more than an American success story. Rather, it is Judge Sotomayor’s biography that uniquely qualifies her to sit on the nation’s highest bench — that gives her the “empathy” to rule [...]
Posted in Competition on May 29th, 2009
I happened to be reading each of these two pieces at the same time – eerily harmonious they are: Marty Feldstein and Marian Vallient on, “Can State Taxes Redistribute Income?” In it they say: The evidence presented in this paper supports the basic theoretical presumption that state and local governments cannot redistribute income. Since individuals [...]
Posted in Education, Government Gone Wild on May 28th, 2009
The brand of totalitarianism we are moving toward today is less “in your face” than we saw in the past (or what Hayek called “Hot Socialism”) – but it is tyrannical socialism nonetheless. For example, rather than the environmental engineers in the White House and Congress offering up a carbon tax to deal with global [...]
Posted in You Can't Have it Both Ways, incentives on May 27th, 2009
A great deal of support for National Health Care is coming from a variety of interests that claim getting workers off of employer health plans and onto the government dole will improve the competitiveness of American firms. This is because it is argued that firms would have lower labor costs and would be able to [...]
Posted in Environment on May 26th, 2009
Of the 1.7 million Hybrids Toyota has sold worldwide to date, over 1.0 million of then have been purchased in the United States. I’d remind you that the US generates “only” about 25% of the world’s wealth and CO2 emissions.
Posted in Classical Liberalism on May 24th, 2009
If one needs to find an issue where there is a clear dividing line between classical liberal thought and modern “conservative” thought, there are few better places to look than the military and warfare. Those on the left that listen to soundbites from Keith Olberman or get a thrice forwarded e-mail of a Paul Krugman [...]
Posted in Politics on May 23rd, 2009
The University of Rochester held its commencement ceremony last weekend. The guest speaker of honor was Congresswoman Louise Slaughter who represents our local congressional district here in Western New York. I think the following will spare me from having to write a lengthy post: said Slaughter during her talk … (I am paraphrasing): “and violence [...]
Posted in Corporatism on May 20th, 2009
More videos this week!
Posted in Government Gone Wild, You Can't Have it Both Ways on May 20th, 2009
Coyote astutely points out: There is legislation pending in Congress to restrict the ability of lenders (e.g. credit card issuers) from changing rates on existing debt. They ask if it is fair for someone who took on a debt thinking it would be at 15% to suddenly find it is at 25%. But how are [...]