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Category Archive for 'Unintended Consequences'

Many excellent articles have been written demonstrating the nonsense of the cash for clunkers program, so I do not want to reiterate those points here. I would like to ask a simple question. Who is going to be held responsible for the increase in automobile deaths and injuries that might result from such a program? […]

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New York State Governor David Paterson defended a program experiencing fraud on a massive scale by saying tales of increased sales of video game equipment and televisions are just anecdotes. The program allows families who couldn’t otherwise afford back-to-school supplies to equip their children for a new year. However, What’s clear is that the actual […]

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Right. If you ever believed that cash for clunkers was about the environment … well, maybe if they had some sociologists design the program, they would have gotten it right.

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New institutions like private stock markets emerge. It will be entertaining to watch the dogs in DC chasing their tails after they institute their new financial institution regulatory overhaul, and when they try to regulate hedge funds, derivatives, money funds and more. A key point from the article: Besides the economy, startup investors say the […]

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More to Come?

The free market is running wild! Girls Gone Wild –> Attractive Girls Union Refuses To Enter Into Talks With Mike Greenman And yes, only the last piece is from the Onion. HT: my friend Ray D.

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Suppose, hypothetically of course, that you instruct a class of 175 students. The course is in a room that is 10 degrees warmer than it has any right to be. As expected, some students begin to squirm as the class nears its end (as if I am not interesting enough – imagine that!).

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Broken Windows

Or should I say Broken Olympic Rings? During last night’s Opening Ceremonies for the 29th Summer Olympic Games, I heard that the Chinese government spent something like $40-$50 billion on the games. The opening ceremony, which was awesome, cost around $100 million.

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Those Greedy Bastards

Wal-Mart is making yet another aggressive move to fatten its profits.

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Rhetoric wins the day over reality. Here are two facts I stumbled upon recently:

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Many claim that environmentalism is good business. This paper suggests that this is not the case. I am sure it will be accused of focusing on short-term effects only and all sorts of other sordid things. But its findings need to be considered seriously.

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