Homines libenter quod volunt credunt
Posted in Corporatism on Jan 7th, 2011
Gosh, only one day after my post on GE, this comes across the desk: If Congress is looking for New Year’s resolutions, it could start by breaking the habit of funding programs the government doesn’t want. A case in point is the attempt to throw another $450 million at the development of a second engine […]
Posted in You Can't Have it Both Ways on Jan 7th, 2011
An argument used against abolition of the penny is that by doing so it would, “deprive the government of significant seigniorage.” (Aside: seigniorage refers to the profits to be made by the making (literally) of money). Two thoughts for the day: Since when is the proper goal of public policy to be the maximization of […]
