Homines libenter quod volunt credunt
Posted in Ultimate Resource, You Can't Have it Both Ways on Feb 8th, 2011
Alvin Hansen (Harvard economist) writing in the American Economic Review in 1939: reduced population growth in the 1930s (half of 1920s rates) was a large reason for the Great Depression. Modern Population alarmists such as Paul Ehrlich argue that continued population growth will descend the planet into Depression. Question: what level or growth rate of […]
Posted in Corporatism, Economic Illiteracy, Extended Order on Feb 8th, 2011
The Central Planner intends on spending $53 billion of other people’s money to build toy trains. President Barack Obama is calling for a six-year, $53 billion spending plan for high-speed rail, as he seeks to use infrastructure spending to jump-start job creation. … Obama’s push for high-speed rail spending is part of his broad goal […]
Posted in Inequality on Feb 8th, 2011
Yesterday we left off by agreeing that the hypothetical two person society we created suffered neither from objectionable income nor consumption inequality (we’ll have a philosophical discussion on the whole topic in the future), despite what the various ways of looking at inequality suggested. How would you feel, however, if you drilled down to the […]
