Homines libenter quod volunt credunt
Posted in Classical Liberalism on Jan 16th, 2012
Here is Jeff Sachs on libertarians: Yet the error of libertarianism lies not in championing liberty, but in championing liberty to the exclusion of all other values. Libertarians hold that individual liberty should never be sacrificed in the pursuit of other values or causes. Compassion, justice, civic responsibility, honesty, decency, humility, respect, and even survival […]
Posted in Resources, Standards of Living on Jan 16th, 2012
A former student sends me the link to this amazing video. Julian Simon (as close to an intellectual hero as I have) called people the Ultimate Resource. Here is an example of why. Keep this in mind when you hear people worrying about 1.4 billion Chinese getting richer than us, or trying to convince you […]
Posted in Economics Problems on Jan 16th, 2012
Paul Krugman is NOT a raving Marxist. If you were to follow the back-and-forth in the blogosphere about the importance of the Keynesian paradigm, whether the stimulus was big enough, whether we are in a liquidity trap, whether the FED has any power to reflate the economy right now, whether this is an appropriate time […]
