Can You Spot the Recession Years?
Posted in Education on Jul 31st, 2010
The following chart shows the average total expenditures for the 697 government school districts in New York State.
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 Education on Jul 31st, 2010
The following chart shows the average total expenditures for the 697 government school districts in New York State.
Posted in Politics on Jul 30th, 2010
From my single favorite blogger on the planet, Warren Meyer: No one in government, that I have heard, has even suggested any sort of regulation holiday as a potential economic stimulus program. In fact, most of the legislative moves at the national level have made private investment less attractive Seriously – if the economy is [...]
Posted in Uncategorized on Jul 30th, 2010
This is in response to a reader who thinks we can eliminate our dependence on evil oil by developing Canadian oil fields: Dear Editor, Some of your readers wish to eliminate America ‘s dependence on foreign oil (or at least from evil foreign oil) and propose that to do this the United States should help [...]
Posted in Macroeconomics on Jul 29th, 2010
From Arnold Kling: So, when you overbuild houses in Nevada or condos in Florida, you cannot lure very many people with lower prices. Most unoccupied houses have close to zero marginal value to the vast majority of consumers, just as most unemployed workers have zero marginal product to the vast majority of firms. He was [...]
Posted in Institutions, incentives on Jul 29th, 2010
This just hit the wire: WASHINGTON (AP) — Estimates of the number of graves that might be affected by mix-ups at Arlington National Cemetery grew from hundreds to as many as 6,600 on Thursday, as the cemetery’s former superintendent blamed his staff and a lack of resources for the scandal that forced his ouster. John [...]
Posted in Uncategorized on Jul 29th, 2010
At least when Ralph Kramden said it we all knew he was joking. Yesterday NASA awarded the contract to build a new manned lunar spaceship to Lockheed Martin. Of course, what we really need our government to be spending money on right now is sending people to the Moon and Mars. When will Americans wake [...]
Posted in Politics on Jul 28th, 2010
The antiplanner reports: A new report from the Federal Transit Administration says that America’s transit agencies need $77.7 billion to bring their systems up to a state of good repair. This report is an update to a previous report that just looked at seven of the nation’s leading transit systems (Boston, Chicago, New Jersey Transit, [...]
Posted in Government Thuggery on Jul 28th, 2010
Well, we’re not allowed anymore. Another dispatch from the tyrannical state: Under a little-noticed provision of the recently passed financial-reform legislation, the Securities and Exchange Commission no longer has to comply with virtually all requests for information releases from the public, including those filed under the Freedom of Information Act. The law, signed last week [...]
Posted in Uncategorized on Jul 28th, 2010
On August 7th , British Petroleum, the world’s 2nd largest oil company discovered corrosion in the pipelines at its Prudhoe Bay oil field – prompting it to shut down and repair 16 miles of pipeline. The shutdown is expected to disrupt oil supplies to the United States by as much as 400,000 barrels per day [...]
Posted in Uncategorized on Jul 27th, 2010
Former Democratic Presidential candidate Michael Dukakis and Daniel Mitchell proposed in a New York Times letter on Wednesday to increase the minimum wage. Same old stuff from the liberal supporters, right? Well, sort of. In their letter, Dukakis and Mitchell surprisingly demonstrate that they are two of the most honest and understanding people around. They [...]