Homines libenter quod volunt credunt
Posted in Economic Illiteracy on Mar 4th, 2011
I guess the oil and gas companies are feeling greedier today than they were 3 weeks ago when gas prices were 60 cents lower. Via Jeffrey Friedman: a greedy banker may want to make more money than a non-greedy banker, but he doesn’t want to lose it. When you employ leverage to make huge gains, […]
Posted in Politics on Mar 4th, 2011
Kudos to today’s Wall Street Journal to allow AFL-CIO leader Richard Trumka to make his case for public sector unions. His piece was unsurprising, but I chuckled at the imagery here: It wasn’t teachers or firefighters or nurses who crashed the stock market and caused the recession that led to millions of layoffs and foreclosures. […]
Posted in Economics Problems on Mar 4th, 2011
Suppose you are a policymaker with clearly specified goals. You determine, with the input of your constituents, that we desire to improve the discipline of Americans, and to have them do a better job of showing up on time. How do you proceed with doing something about this problem? Aside from the obvious start of […]
