Category Archives: Economics

I HATE Airline Delays

Posted on March 9, 2010 | Leave a comment

Serious.  I absolutely hate it when we board the plans, taxi some and then have to wait on the tarmac.  I hate it for three reasons:

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Posted in Economics, Politics: National, Transportation

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Where Brad and Britt Are Wrong: Version I

Posted on March 6, 2010 | Leave a comment

Some time ago I was listening to Brad and Britt.  They were debating the health care bill [i think?] and one of the points a caller made was that government is unable to do anything well.  Personally I subscribe to this theory and I think it is an excellent point in trying to defeat the current form of health care legislation.  That being said, Britt tried to defend the government by claiming that the government is able to run parks well; State and National.

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Posted in Economics, Economy, Politics: National, States Behaving Badly

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We'll Never Run Out of Oil

Posted on March 4, 2010 | Leave a comment

Wanna really quick proof?

We still haven’t run out of trees or whales.

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Posted in Economics, Energy, Politics: National

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A Real Medical Care Solution

Posted on March 3, 2010 | 2 comments

Remember the bad old days?  Back before AT&T was split up?  See, prior to 1984, the government required certain services from AT&T.  In exchange for providing these services, the government allowed AT&T to operate in a near monopoly.  [notice that without the government enacting certain regulations, AT&T would not have been able to construct such a monopoly on it’s own.]  After that divestiture, AT&T was forced to compete and guess what happened?

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Posted in Economics, Health Care, Politics: National, Politics: North Carolina

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When the Government Rations

Posted on March 2, 2010 | Leave a comment

Do you wanna know what happens when the government, through fiat, controls a market?  It rations the service or product.  And what the government sees as a cost, the private sector sees as an investment.  And what do you get?

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Posted in Economics, Health Care

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Economics: Moral Hazard

Posted on March 1, 2010 | Leave a comment

As cars have gotten safer, accidents have gone up.  Weird, huh?

But it makes sense.  Consider this:

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Posted in Economics, Fun

The Best Way to Get Rid of Junk

Posted on March 1, 2010 | Leave a comment

Auction it.

EGELSTON TOWNSHIP, Mich.  —  An anonymous buyer has purchased a western Michigan pedestrian bridge for $1.

But why would the government sell a perfectly good bridge for a buck?

Egelston Township used the bridge to give students safe passage to an elementary school. The school no longer is used for elementary students.

…

Egelston Township Supervisor Mike Thompson … was worried about the safety of the seldom-used, 39-year-old structure.

Can you imagine how much it would cost the township to think about, debate, vote, put to bid and then PAY union workers to tear down that bridge?  Hell, itta be 10 years before that sucker finally came down; due to torrential rain or some other such nonsense.

Government should guide, market should do!

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Posted in Economics, Politics: National

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March 1st, 2010: Chance of Recession in the Next 12 Months — 00.043%

Posted on March 1, 2010 | Leave a comment

Using data from the New York Federal Reserve, the chance that the United States will enter a recession in the next 12 months is 0%.  The Vikings have a better chance of wining the Super Bowl!  For perspective, you have to go back to September of 1983 to find a period in time when there was less of a chance.

Hat Tip- Mark Perry: Carpe Diem

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Posted in Economics, Economy, Politics: National

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Capitalism: Millions of People Are Being Yanked Out of Abject Poverty Daily

Posted on March 1, 2010 | 3 comments

It’s a pretty familiar refrain “Everything is made in China, that’s why it’s so cheap!”

This is usually followed up with the typical “slave labor” and “sweat shop” and other oft trotted out horror stories.

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Posted in Economics, Economy, Liberty, Politics: International, Politics: National, Politics: North Carolina

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Earthquake

Posted on February 28, 2010 | Leave a comment

We all know that Haiti experienced a total and complete disaster last month.  People are seriously struggling to find even drinkable water.  In fact, the goal of charities is to distribute 1 million tarps to the folks there on the island.

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Posted in Economics, Liberty, Politics: International, Politics: National

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