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 Education, Price System on Nov 8th, 2007
Two candidates this week!
Roland Fryer, a Harvard economist, joined the Education Department this year as chief equality officer.
“Price of Helium Keeps Rising” … “more than a third of the world’s supply comes from a single U.S. government stockpile near Amarillo, Texas”
Posted in Price System, Resources on Jul 9th, 2007
Henry George pointed out:
Here is a difference between the animal and the man. Both the jay-hawk and the man eat chickens, but the more jay-hawks the fewer chickens, while the more men the more chickens. Both the seal and the man eat salmon, but when a seal takes a salmon there is a salmon the […]
Posted in Price System on Aug 26th, 2005
What follows is my most recent reply to the continued uproar about high gas prices in my local paper. For a previous take, see here.
Dear Editor:
Shouldn’t someone do something about $2.60 gas? Just think of the horrible things this does. It’s encouraging greedy oil companies to increase their investments in petroleum production - and making […]
Posted in Price System, incentives on Aug 8th, 2005
Dear Editor:
Please allow me to respond to the myriad complaints I read and hear about gas prices and market pricing in general. The most recent letter to the editor on this matter contains three errors in economic thinking that are extraordinarily common and if paid heed to could result in the implementation of pernicious public […]
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