There are a whole bunch of people who are expecting me to make a comment about Secretary-designate Connaughton's lamentable choice of undergraduate education. So I won't.
The Maritime Executive Magazine :: Sean Connaughton Chosen to be VA Transportation Secretary ::
07 December 2009
Health Care Nation
Wisdom from Samuelson (no, not that Samuelson!): President Obama's critics sometimes say that he is engineering a government takeover of health care or even introducing "socialized medicine" into America. These allegations are wildly overblown. Government already dominates health care, one-sixth of the economy. It pays directly or indirectly for roughly half of all health costs. Medicine is pervasively regulated, from drug approvals to nursing home rules. There is no "free market" in health care. What's actually happening is just the reverse, which is more interesting and alarming: Health care is taking over government.
Health Care Nation
Health Care Nation
03 December 2009
02 November 2009
Up Against a Wall of Debt
Seems I was wrong when I told my classes that we can:
1. Raise Taxes; or,
2. Cut benefits; or,
3. Inflate the currency to get rid of debt.
There's another alternative, repudiate the debt: the US Govt defaults.
Quoth the maven:
read the rest:
Up Against a Wall of Debt
1. Raise Taxes; or,
2. Cut benefits; or,
3. Inflate the currency to get rid of debt.
There's another alternative, repudiate the debt: the US Govt defaults.
Quoth the maven:
"Governments of rich countries are borrowing so much that it's conceivable that one day the twin assumptions underlying their burgeoning debt (that lenders will continue to lend and that governments will continue to pay) might collapse. What happens then?"
read the rest:
Up Against a Wall of Debt
20 October 2009
12 October 2009
09 October 2009
07 October 2009
11 September 2009
President Obama Fudges Truth on Medicare - WSJ.com
Includes one of the world's great analogies:
It's like a variation on the old Marx Brothers routine: "The soup is terrible and the portions are too small."
It sure as hell is!
President Obama Fudges Truth on Medicare - WSJ.com
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It's like a variation on the old Marx Brothers routine: "The soup is terrible and the portions are too small."
It sure as hell is!
President Obama Fudges Truth on Medicare - WSJ.com
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10 September 2009
Obama changes talking points on uninsured - Yahoo! News
Presto! The 40+ million w/o medical insurance is now 30 million. Because (drum roll, please) about one third of the uninsured are illegals.
What the article -- from the AP, naturalemente, doesn't say is the income breakdown of the uninsured. I'll give you pretty good odds over 20% are at an income level that allows them to buy insurance, but they choose not to.
Obama changes talking points on uninsured - Yahoo! News
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What the article -- from the AP, naturalemente, doesn't say is the income breakdown of the uninsured. I'll give you pretty good odds over 20% are at an income level that allows them to buy insurance, but they choose not to.
Obama changes talking points on uninsured - Yahoo! News
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09 September 2009
E-Bomb Doomsday Conference Starts Today | Danger Room | Wired.com
Money shot: "It'll fry pace makers, destroy iPhones, and turn laptops into useless paperweights. It's the scariest thing most people outside the Washington Beltway have never heard of: electromagnetic pulse weapons."
‘E-Bomb’ Doomsday Conference Starts Today | Danger Room | Wired.com
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‘E-Bomb’ Doomsday Conference Starts Today | Danger Room | Wired.com
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08 September 2009
Mitch Daniels: The Coming Reset in State Government - WSJ.com
Emphasis is mine. Would have been really great if Mr. Daniels had successfully put a choker-chain around Bush 43's spendthrift ways.
State government finances are a wreck. The drop in tax receipts is the worst in a half century. Fewer than 10 states ended the last fiscal year with significant reserves, and three-fourths have deficits exceeding 10% of their budgets. Only an emergency infusion of printed federal funny money is keeping most state boats afloat right now.
Mitch Daniels: The Coming Reset in State Government - WSJ.com
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State government finances are a wreck. The drop in tax receipts is the worst in a half century. Fewer than 10 states ended the last fiscal year with significant reserves, and three-fourths have deficits exceeding 10% of their budgets. Only an emergency infusion of printed federal funny money is keeping most state boats afloat right now.
Mitch Daniels: The Coming Reset in State Government - WSJ.com
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04 September 2009
Red Ensign Day
Ten years after it was introduced, Merchant Navy Day continues to celebrate the British shipping industry as well as providing an opportunity to remember the sacrifices made by merchant seamen over the years.News : NDS
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01 September 2009
Pyrrhic victory on health reform? - Washington Times
Money shot:
If Republicans really want to stem the expansion of government, they should participate in the health care reform debate before the health care system reaches the crisis that is surely coming without intervention. But if the Republicans effectively kill health reform again, it'll become another third rail, like Social Security - deadly if touched.<\i>
BURMAN: Pyrrhic victory on health reform? - Washington Times
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If Republicans really want to stem the expansion of government, they should participate in the health care reform debate before the health care system reaches the crisis that is surely coming without intervention. But if the Republicans effectively kill health reform again, it'll become another third rail, like Social Security - deadly if touched.<\i>
BURMAN: Pyrrhic victory on health reform? - Washington Times
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18 August 2009
MONEY! The Sir John M. Templeton Fellowships Essay Contest
Undergraduate winners get up to $2500.
The Sir John M. Templeton Fellowships Essay Contest encourages college students and young college professors around the world to study the meaning and significance of economic and personal liberty.
Co-sponsored by the John Templeton Foundation and the Independent Institute, the essay contest honors Sir John M. Templeton and is held annually with a different topic each year.
The Sir John M. Templeton Fellowships Essay Contest
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The Sir John M. Templeton Fellowships Essay Contest encourages college students and young college professors around the world to study the meaning and significance of economic and personal liberty.
Co-sponsored by the John Templeton Foundation and the Independent Institute, the essay contest honors Sir John M. Templeton and is held annually with a different topic each year.
The Sir John M. Templeton Fellowships Essay Contest
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14 August 2009
Exit, Voice, and Freedom: An Example, Arnold Kling | EconLog | Library of Economics and Liberty
Dr Kling, ponte quondam, ponte futurus:
Following up on this post and this one, let me try to offer a hypothetical example of freedom without democracy. Maybe Will Wilkinson can comment on the example in a way that sheds light on what he is thinking, because I am not following him.
Here's the deal: Suppose that a new non-territorial state is created. Call it Liberista! To become a citizen of Liberista!, you just pay an annual fee. You pay no taxes to the state. As a citizen of Liberista!, you can live anywhere that Liberista! has an embassy compound. Liberista! leases compounds in countries all over the world. Liberista! embassy compounds are as ubiquitous as Hiltons, but many of them have space for large sections of single-family homes, office parks, and so on.
Exit, Voice, and Freedom: An Example, Arnold Kling | EconLog | Library of Economics and Liberty
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Following up on this post and this one, let me try to offer a hypothetical example of freedom without democracy. Maybe Will Wilkinson can comment on the example in a way that sheds light on what he is thinking, because I am not following him.
Here's the deal: Suppose that a new non-territorial state is created. Call it Liberista! To become a citizen of Liberista!, you just pay an annual fee. You pay no taxes to the state. As a citizen of Liberista!, you can live anywhere that Liberista! has an embassy compound. Liberista! leases compounds in countries all over the world. Liberista! embassy compounds are as ubiquitous as Hiltons, but many of them have space for large sections of single-family homes, office parks, and so on.
Exit, Voice, and Freedom: An Example, Arnold Kling | EconLog | Library of Economics and Liberty
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12 August 2009
The Dumbest Words I've Read Today, Health Care Reform Edition
Y'know, between Greg Mankiw and this young lady, I could get to really admire Harvard Econ!
And, yes, I agree. These are the dumbest words, even by the Daily Beast's standards. The fact that cell phones are ubiquitous in North America doesn't mean they're not restricted. Consider cell-phone usage of, say 15 years ago.
The Dumbest Words I’ve Read Today, Health Care Reform Edition…
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And, yes, I agree. These are the dumbest words, even by the Daily Beast's standards. The fact that cell phones are ubiquitous in North America doesn't mean they're not restricted. Consider cell-phone usage of, say 15 years ago.
The Dumbest Words I’ve Read Today, Health Care Reform Edition…
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11 August 2009
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