The Greecehopper and the Ants
For those of a certain age, this Disney video will be familiar. https://www.youtube.com/watch?v=wM1DgihKHVI. Please give it a watch. For an individual, household, city, or sovereign nation, it really is not much more complicated than this. With so much practical good...
Prohibition Created Criminals and Cost Tax Revenue. So Does The War on Drugs.
The effects of drugs and alcohol can be devastating. In an earlier post (May 18, 2011) we made the case for legalizing drugs as the least bad of all the bad options. If one could purchase drugs like one does alcohol, then all the crime and violence required to...
The President’s Credit Rating
The President is out on the campaign trail taking credit for the late, slow, economic recovery that we are finally experiencing. It’s like a delivery room doctor claiming that without him or her, there could be no baby. In fact, to add some extra hyperbole, it’s even...
The Morning After Pill for Obamacare
I’m not sure how the Catholic Church’s revolt against its principles being trampled by the central government will play out. But here is a reflection. As simply as I can understand it, Obama’s first position was: Here is what you have to do, whether you like it or...
Things We Like #3
We just returned from our third overnight trip on Amtrak, and we have enjoyed every minute of each trip. It is so relaxing to travel from city center to city center without long taxi rides, security lines, uncertain waits, weather worries, sardine seats, and no food....
The Light of Christmas
The first Christmas was God’s intervention in human events with His plan for our salvation--easily the most important event in history. The Light came into the darkness. Christmas led to Christ’s death and resurrection--the once-for-all atonement for our sins....
Economic Democracy
Any method of allocating resources other than the free market price system ultimately leads to tyranny. Yet the Occupy Wall Street Non-Leaders, presumably opposed to tyranny, have said many times that they want a “democratic economy”. There simply is no such thing....
Size Matters
I believe that many of our worst and very real problems are caused by the size of government, some businesses and some unions—they are all too big. Economies of Scale make sense, to a point. But Too Big to Fail, or close to it, makes no sense. Because then the...
Tinkering With Business
When I was a graduate student in London right after the earth cooled, 1968-1970, Harold Wilson was the Prime Minister, and Keynesian Economics ruled his Labor Party from Cambridge. At London School of Economics the teaching was more ChicagoSchool, so our professors...
I’ve Read Good Essays, but This May Be the Bastiat
Thanks to a personal introduction from Gene Tullio (https://facebook.com/gtullio1), I’ve discovered the French economic philosopher Frederic Bastiat and his great work, The Law, originally published in 1850. As with my late-in-life reading of F. A. Hayek, I am...
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