What Is Wrong With Government Schooling?
Driving to campus a few weeks ago, I was listening to a free iTunes song that my son had been listening to. We have very similar tastes in music, so I like to listen to music he has an interest in, and...
View ArticleMore Complete Information Regarding the Jobs Report
Data released today shows that 203,000 new jobs were created in the United States in November and that the unemployment rate fell to 7%, it's lowest level in five years. Here is a graph of civilian...
View Article"Tell me about the whale."
"Yeah, I'll tell you about the whale. That's a story I'll never forget."A good lesson of strict liability. Hilarious! HT: Carolynn
View ArticleJon Stewart Interviews Debbie Wasserman Schultz - Hmmm?
Jon Stewart interviews Debbie Wasserman Schultz. (See video below.)First, I love the use of the phrase, "We need real people." What she means by"we," of course, is people who believe in more...
View ArticleThe First Rule of Leadership
The NSA spying scandal is becoming more of a black eye every day. The most recent revelations that the NSA has been spying on its allies, including German Chancelor Angela Merkel before she even became...
View ArticleMight this be a reason for why people enrolling in ACA has been so low?
Reports have emerged recently of the failure of the Affordable Care Act (i.e., Obamacare) to gain a large turnout of people enrolling in health care exchanges during the first two weeks they've been...
View ArticleScott Adams On Why Failure Is Necessary for Success
Read it here. If a readable link doesn't pop up, Google the title, "Scott Adams' Secret of Success: Failure"One funny excerpt.Nietzsche famously said, "What doesn't kill us makes us stronger." It...
View ArticleThe Irony of a Trucker Protest
Apparently some truckers are protesting by assembling in Washington, DC and attempting to tie up traffic.No major traffic delays were reported on the Beltway during Friday’s morning commute, police...
View ArticleA special shoutout . . .
. . . to Master Sergeant Private Clark for prompting me to post more often.
View ArticlePoverty and Resourcefulness
Looking at the picture below, I don't know which is sadder. Is it that in Thailand incomes are so low that the best means of surviving flood waters is to tie empty water bottles together in order to...
View ArticleA very simple thing to remember about government, spending, and taxes.
It is not the taxes we pay that are the true cost of government, but instead, the resources diverted from use elsewhere are the true cost of government.Think of that when you read about a hair-brained...
View ArticleExplaining The Difference Between Men and Women by Dave Barry
“If a woman has to choose between catching a fly ball and saving an infant’s life, she will choose to save the infant’s life without even considering if there is a man on base.” —Dave BarryRead more.
View ArticleWhy breaking out of low wage jobs may not be easy.
I enjoy teaching about labor markets and things like why fair trade brand coffee cannot prop up the wages of low-skilled coffee farmers like it is intended to do. When entry into a market is easy...
View ArticleMarket Capitalism As Social Cooperation
We tend to forget that market capitalism, though based on competition, is really about social cooperation. When I go to the store for milk, the grocer and I are engaged in a socially cooperative...
View ArticleLarry Arnn is no racist, it's this story to which everyone ought to take...
I once witnessed media bias first-hand. It wasn't what was said—a sin of commission—but what was not said—a sin of omission—and who the news outlet chose to interview during the broadcast. The story...
View ArticleA Lesson on Pricing and How to Get Stuff Cheaper
At what price should you try to sell your product(s) or service(s) (including your labor services)? At the highest price you can get for it of course. It doesn't take an AI geek to figure this one out....
View ArticleDid Aaron Rodgers really make a bet and then welsh on it?
Bryan Caplan has offered to bet people on the ultimate validity of his beliefs against theirs. As Alex Tabarrok calls it, betting is "a tax on bullshit" and Bryan is calling BSers out. In other words,...
View ArticleWhen talk is cheap, discount what you hear.
Marketing professors Duncan Simester of the Massachusetts Institute of Technology and Eric Anderson of Northwestern University did a study based on reviews posted on the website of a major...
View ArticleBad news: We're shedding farm jobs again.
All right, this headline might have been relevant (and wrong) about eighty years ago, but it's analagous to the headline for this story from the Washington Post (and still wrong). "Bad news: We're...
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