Homines libenter quod volunt credunt
Posted in Central Planning, Taxation on Jan 16th, 2013
… is government transportation and infrastructure policy. We’ll delve into that shortly. For now, here is a little more dog-bites-man: According to an analysis based on Census data by transportation specialist Ron Utt, nine of 10 Virginia commutes are by car and fewer than one in 20 by mass transit. Yet he calculates that about […]
Posted in Environment, Methodology on Jan 16th, 2013
Yesterday we learned that it is nearly impossible to predict how many doctors we will need in the coming years, Today we learn that “soot” is actually a major contributor to global warming, it can be regional in nature, that its impact was vastly understated in the previous IPCC reports, that it is the second […]
Posted in Environment, Property Rights, Uncategorized on Jan 16th, 2013
11) One of the other major mischaracterizations of the insights of Coase is the role that “transactions costs” play in promoting or preventing efficient outcomes. Does Coase ever argue that “transactions costs ARE zero?” Coase never argues that transactions costs ARE zero. It would be an absurd argument. Rather the insight is to imagine what […]
