Homines libenter quod volunt credunt
Posted in Standards of Living on Apr 11th, 2011
From the comments of this post by Don Boudreaux: But comparing the present population with those hourly workers that benefited from the prosperous 60′s and 70′s in this country the current hourly labor force is much, much worse off. I’m in no mood to rehash the debate on Tyler Cowen’s Great Stagnation thesis, or to […]
Posted in Government Gone Wild, Regulation, Religion on Apr 11th, 2011
When people point to a government success (don’t laugh) it usually comes with a call for more government. You might profitably think about the invocation of the “success” of deposit insurance (I disagree) being used to impose similar rules on the modern financial system. However, when government fails I usually see these failures as a […]
Posted in incentives, Politics on Apr 11th, 2011
In 1910, it is estimated that there were 13 million Americans in Mutual Aid Societies (things like Life Insurance societies, fraternal organizations, etc.). That year, the US census estimated that there were 92 million Americans. Therefore about 14% of Americans were members of these voluntary aid societies. This was at a time when America was […]
