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Monthly Archives: February 2010
More on Ideas
A successful implementation of an idea in a particular time and circumstance may not produce the same results elsewhere. This recognition of the indispensable role of local knowledge is critical to understanding why top down solutions are dangerous. When an unsuccessful top down solution is forced upon a people through government, the accountability feedback mechanism does not [...]
“Whose street? Our street!”
The internet was abuzz this morning with the social chatter of another Southside riot instigated by activists upset with the University. What started as a dance party became a destructive and violent mob that clashed with the police. The news story from the Daily Cal can be found here. I’m going to focus my attention on [...]
Unsupported Statement
Everyone will be twice as wealthy under minimal (to no) government.
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Posted in Freedom Leave a comment
Ron Paul on Assassinations
Interesting stuff.
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Posted in Self Interest Leave a comment
Ideas Lead to Tragedy in Rural India
This WSJ article offers a textbook case of a “good” idea gone wrong because of the unintended consequences. Last week, a commenter on this blog defended the Federal government’s early involvement in agriculture:
“As for agriculture, again, you don’t seem to understand either history or the functioning of free markets. Making recommendations about what to plant [...]
Posted in Knowledge problem, Unintended Consequences Tagged agriculture, fertilizer, ideas, india, wsj Leave a comment
Mental Illness and Consumer Choice Theory
I just read a very interesting paper by GMU economist and Econlog blogger Bryan Caplan on the economics of mental illness. He builds on psychiatrist Thomas Szasz’s non-mainstream philosophy of the mind and argues that most mental illness is an expression of extreme preferences and not a constraining disease. Caplan puts mental illness into a framework [...]
Posted in Psychology & Behavior Tagged bryan caplan, constraints, consumer choice, gun, steven landsburg Leave a comment
Stealing from the Politically Weak
“First they came …”
The city of Berkeley is facing a $14 million budget shortfall this year and expects a larger gap the year after. The three main ways of covering a municipal shortfall are borrowing, reducing spending, or increasing taxes. Borrowing without a plan to increase revenue would be disastrous. Spending cuts are unfeasible: no [...]
Enjoy Capitalism
I’m proposing a $100 (current USD) bet for anyone to take. In 40 years, a supermajority of households in the United States with a television set will have a 3D high definition tv in their homes.
Obviously collection of this bet will be difficult, but I promise to pay out if I lose. It will be [...]
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