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 Politics on May 9th, 2008
All politics stink. Even democracy stinks. Imagine if our clothes were selected by the majority of shoppers, which would be teenage girls. I’d be standing here with my bellybutton exposed. Imagine deciding the dinner menu by family secret ballot. I’ve got three kids and three dogs in my family. We’d be eating Froot Loops and […]
Posted in Politics, You Can't Have it Both Ways on Mar 7th, 2008
The political class in Chicago has now made the city the first and only in America where the cumulative sales tax rate exceeds 10%. That seems an awfully strange thing to do in a city where over 21% of the measured population lives under the poverty line (according to the American Community Survey). One of […]
Posted in Price System on Mar 6th, 2008
The ever interesting Allen Sanderson on how incentives might be put to better use in the public spehere:
if treasury Secretary Henry Paulson and Fed chairman Ben Bernanke were required to hold their entire wealth portfolios in the form of U.S. savings bonds, perhaps we’d see more balanced budgets and less inflation.
Read more ideas here. One […]
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)