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 Socialism on Mar 8th, 2010
Almost as a passing point in a long and interesting post, Arnold Kling says:
So, we should spend less on medicine and more on….what? Big-screen TV’s? smart phones? professional sports? My guess is that if Callahan got his wish and medical spending were reduced, he would not be happy with where money is spent, and his [...]
Posted in Socialism on Nov 27th, 2009
As part of the Cap and Charade Trade CO2 emissions reduction program, the Administration plans on raising $300 billion between 2011 and 2019 from increasing the tax rates on those whose income exceeds $250,000 per year.
As part of the Health Care Distortion Reform plan, according to the bill passed recently by the House of Representatives, [...]
There are now 637,000 public employees in Michigan compared to fewer than 500,000 workers left in manufacturing.
The rest is worth reading. Progressive heaven!
Posted in Socialism on Oct 13th, 2009
From farmers who care! I just love that. People I never met, trying to engage in commercial activity with me, have to convince me that they care about me. Not just me either, but also the thousands of other people here in the UR community. How do they manage to have so much care in [...]
Posted in Socialism on Sep 9th, 2009
If the news networks played this song before and after tonight’s propogandist plenum. Too bad I didn’t like their sound, I probably would have liked what I heard:
There is unrest in the forest,
There is trouble with the trees,
For the maples want more sunlight
And the oaks ignore their pleas.
The trouble with the maples,
(And they’re quite convinced [...]
Posted in Socialism on Jun 5th, 2009
China today supplies the world with a wealth of such stuff as gym shoes, extremely young gymnasts, loans to the U.S. Treasury, aid to North Korea, and investments in Iran and Sudan. But riches of the spirit are in short supply. On that front, the scene is pretty well summed up by last summer’s kitsch [...]
Posted in Socialism on Apr 18th, 2009
Build support for socialism.
According to a Rasmussen poll released last week, 37 percent of Americans under age 30 prefer capitalism, 33 percent prefer socialism and 30 percent are undecided. Among all Americans, 53 percent prefer capitalism, 20 percent prefer socialism and 27 percent are undecided.
Read the whole thing. My students are surely among them. If [...]
Posted in Government Gone Wild, Government Thuggery, Socialism on Mar 5th, 2009
See here.
Posted in Corporatism, Socialism on Feb 26th, 2009
Our first glimpse is here. Some highlights (lowlights):
Spending $2.4 trillion on “health care” by Americans is not enough. And apparently neither is spending an additional $1.2 trillion to get the uninsured covered. Read closely how he intends to spend that money. And this is all before he turns the entire health system into Mediscare.
Expanding the [...]
Posted in Economic Illiteracy, Socialism on Feb 25th, 2009
My wife is smart to advise me not to watch things like a Presidential address to Congress, both because of the nonsense in the actual speech, but also because of the fawning the press does over this “great American tradition” and how wonderful it is to have all of these dignitaries in the same room. [...]
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