The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. - F.A. Hayek
Posted in Corporatism, Extended Order on Apr 8th, 2008
the typical trucker of the “typical” politician? It’s not even a close competition! This interesting article from the Quad-City Times illustrates why.
Truckers appreciate and understand Hayek and Leonard Read:
Hills then removed his wristwatch, using it to explain his point of view: “Every piece of this watch was trucked from somewhere. If you can’t keep up […]
Posted in Extended Order on Mar 26th, 2008
Modern consumers are confronted with a dizzying array of product colors, sizes, styles, textures, tastes and nutritional content to choose from. Increasingly, individuals are being asked to consider decisions that extend beyond the boundaries of a product’s physical characteristics. Were your jeans made in a sweatshop? Was your cell-phone assembled in a country that harbors […]
Posted in Economic Illiteracy, Extended Order, You Can't Have it Both Ways on Jan 15th, 2008
One of the common reasons individuals in certain communities give us to “buy local” is that buying local will cut out the “middleman” (you know, the evil merchants and traders, reviled since biblical times) and enable growers to focus on other things. These same individuals then launch a marketing effort to have us joining Community […]
Posted in Extended Order, Fun Facts on Jan 11th, 2008
The average household in the United States generates one-third less trash each year than does the average household in Mexico.
Yeah, I understand that Mexican households are likely larger, but American GDP per capita is over four times that of the Mexican GDP per capita (roughly $44k to $10.6k). See more here from the fine folks […]
Posted in Extended Order on Dec 20th, 2007
The private sector made a lot of mistakes in mortgage lending in recent years. In theory, a wise, farsighted government regulator could have meddled two years ago to make things better. But stupid, hindsighted government meddling now will just make things worse.
That was Arnold Kling. And that comment need not be reserved for the mortgage […]
Posted in Development, Extended Order, Politics on Nov 16th, 2007
My local ward representative, who just ran unopposed for reelection, sent out an e-mail talking about our city’s plans for redeveloping a blighted area of my neighborhood (Elm Street) and also a plan to require local schools to purchase a portion of their food from local sources. Needless to say, I was not thrilled […]
Posted in Extended Order on Nov 13th, 2007
My wife and I really enjoy food shopping, so perhaps we are too serious about certain aspects of that experience. It occurs to me that someone needs to invent a deli counter meat and cheese slicer that also contains a scale on the same machine. The lines at the deli counter when we go are […]
Posted in Economic Illiteracy, Extended Order on Sep 10th, 2007
Respond to them. It gets tiring being preached to, and since these mails are usually sent by folks who are usually jazzed up about things, they might actually read what you wrote. Here is how I responded to a letter asking me to boycott Starbucks for apparently telling some troops in Iraq that they, as […]
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