Homines libenter quod volunt credunt
Posted in Macroeconomics on Jul 29th, 2010
From Arnold Kling: So, when you overbuild houses in Nevada or condos in Florida, you cannot lure very many people with lower prices. Most unoccupied houses have close to zero marginal value to the vast majority of consumers, just as most unemployed workers have zero marginal product to the vast majority of firms. He was […]
Posted in incentives, Institutions on Jul 29th, 2010
This just hit the wire: WASHINGTON (AP) — Estimates of the number of graves that might be affected by mix-ups at Arlington National Cemetery grew from hundreds to as many as 6,600 on Thursday, as the cemetery’s former superintendent blamed his staff and a lack of resources for the scandal that forced his ouster. John […]
Posted in Uncategorized on Jul 29th, 2010
At least when Ralph Kramden said it we all knew he was joking. Yesterday NASA awarded the contract to build a new manned lunar spaceship to Lockheed Martin. Of course, what we really need our government to be spending money on right now is sending people to the Moon and Mars. When will Americans wake […]
