Homines libenter quod volunt credunt
Posted in Government Gone Wild, Regulation on Aug 24th, 2011
I just learned, courtesy of Mark Perry, that in Chicago, now you need a license to be able to help people … get licenses. The rise in occupational licensing is on my top 5 reasons I am seriously depressed for serious reasons. For the uninitiated, the rise of the share of jobs that require a […]
Posted in media on Aug 24th, 2011
I don’t care too much about the “bias” in the media, though I have no doubt that it exists. For those who want some scientific proof of the existence of such bias, Professor Tim Groseclose has a new book with evidence: To measure media bias, Professor Groseclose examines the political content of news and converts […]
Posted in Economic Illiteracy, Price System on Aug 24th, 2011
In a mostly excellent book from Bill Bryson (At Home) we read the following: Just at this time, sugar prices went into a depression and Beckford ended up uncomfortably exposed to the downside of capitalism (wintercow emphasis added). Falling prices are a signal that the marginal value of a good (in this case sugar) is […]
