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Archive for the 'Economics' Category

That’s Just Your Opinion

Friday, March 18th, 2011

Several years back, when I was doing some software training at a company in Green Tree, we (the trainers) were all standing around the reception desk during the students’ morning break. Our supervisor came by (a former trainer, and an Ed major), and passed around a resume for us to look at as a potential [...]

Cutting the future away…

Wednesday, March 16th, 2011

So I’m going through Facebook tonight and I see the following: Way to go Gov. Kasich cut 132 million from the schools and laying [off] many teachers…just keep cutting the future away… So what are the actual facts? Let’s start with something I heard Huckabee say a while back. I’m paraphrasing here, but the gist [...]

The Morality of Unions

Monday, February 28th, 2011

When companies are forced to pay more for labor than it is actually worth, the difference between the value of the labor and the cost of the labor is passed onto the consumer in higher prices.

Juan Williams, “Public” Broadcasting, and Public Choice

Tuesday, October 26th, 2010

Back in 1994, after the Republicans won control of both houses of Congress, there was some discussion of defunding public broadcasting. However, talk was pretty much all that happened. The CPB launched a 2-pronged advertising offensive on their affiliates whose message could be summed up by the following catch phrases. If public broadcasting doesn’t do [...]

Mindless Entertainment

Saturday, April 24th, 2010

Glee is to serious music what Jacqueline Susann is to serious literature. It’s a show that stubbornly refuses to suspend disbelief. It offers us caricatures, not characters, and plots that can only be described as profoundly silly. It’s Kentucky Fried Movie, not Citizen Kane. And that’s the whole point. Glee is an excuse to sing pop songs and show tunes with really nice harmonies and schmaltzy choreography. It’s a show that leaves us feeling like we did whenever we heard “Walkin’ on Sunshine” back in the 80′s.

Quote of the Day 12/26/09

Saturday, December 26th, 2009

There is no virtue in compulsory government charity, and there is no virtue in advocating it. A politician who portrays himself as caring and sensitive because he wants to expand the government’s charitable programs is merely saying that he is willing to do good with other people’s money. P. J. O’Rourke.

Quote of the Day 12/16/09

Wednesday, December 16th, 2009

Is it really likely that a National Planning Officer would have a better judgement of ‘the number of cars, the number of generators, and the quantities of frozen foods we are likely to require in, say, five years,’ than Ford or General Motors etc., and, even more important, would it even be desirable that various companies in an industry all act on the same guess? Friedrich Hayek.

Quote of the Day 12/9/09

Wednesday, December 9th, 2009

If duties are too high, they lessen the consumption; the collection is eluded; and the product to the treasury is not so great as when they are confined within proper and moderate bounds. This forms a complete barrier against any material oppression of the citizens by taxes of this class, and is itself a natural limitation of the power of imposing them. Alexander Hamilton.

Quote of the Day 12/7/09

Monday, December 7th, 2009

Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded…are the work of an extremely small minority…. Whenever this tiny minority is kept from creating…the people then slip back into abject poverty. This is known as “bad luck.” Robert A. Heinlein.

Rationality in Education Part 1

Thursday, December 3rd, 2009

I know of a very successful family where a brother and a sister are both executives with their respective employers. Both of these employers are leaders in their industries, with annual revenues north of $20,000 million. I don’t know each of them make, but it is not unreasonable to assume their salaries are each north [...]