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Even My Accounting Book is Statist
“In an attempt to respond to these concerns, the U.S. Congress passed the most important reform of corporate governance in many decades – The Sarbanes-Oxley Act of 2002. – Garrison, Noreen, Brewer
As with most government imposed regulation, Sarbanes-Oxley drives up costs without producing much benefit. There’s no reason to think that the government can set [...]
International Passengers Aren’t So Lucky
A few days after I blogged about my pleasant airport experience post-Umar, I read an article in the Times about the trouble international passengers were having:
At airports around the country nearly two weeks after a thwarted terrorism attempt on a flight to Detroit, dozens of travelers told of remarkably different experiences with security measures. For [...]
Government Takes a Stab at College Football Playoffs
“Eight teams. That would be three rounds to determine a national championship. That would add three extra weeks to the season. You could trim back on the regular season. I don’t know any serious fan of college football that disagrees with me on this. So, I’m going to throw my weight around a little bit. [...]
Did the Austrians see it Coming?
Robert Murphy is an Austrian economist and the author of many books, including The Politically Incorrect Guide to Capitalism. I’ve owned the book for a while and have found it valuable, if a bit simplistic since it is written for a popular audience. After hearing Anthony Gregory speak on monetary policy and banking, I revisited [...]
Also posted in Banking & Finance Leave a comment
City Government Bullies Local Vendor
Cupkates is a new mobile cupcake vendor that operates out of a truck in commercial zones in Berkeley and Oakland. It’s founder, Kate (no last name is given on her website), has recently been having trouble with the city of Berkeley which appears to have its policies confused. Kate is clearly hardworking and innovative–you can follow her [...]
Also posted in Innovation Tagged corruption, entrepreneurship, local government, state abuse of power 1 Comment
Jeopardy Clue
Alex Trebeck: “An unintended consequence that occurs when a police officer busts a high schooler for marijuana possession and the court sends him and other drug enthusiasts to AA.”
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Also posted in Unintended Consequences Leave a comment
Troubling Unemployment Numbers
The unemployment numbers for October are out, and they aren’t pretty. The unemployment rate hit 10.2% nationally and is likely to be higher in California.
I’m worried for two major reasons. Number 1, people are finding it harder to make a living. Number 2, the federal government will likely enact knee-jerk policies that won’t address the [...]
Also posted in Government Spending, Knowledge problem Tagged subsidies, unemployment Leave a comment
British Drug Advisor Fired
Who among us would voluntarily eliminate their job? Especially if it was well paying. I don’t think many people could truthfully answer yes unless they had a better job lined up. That’s why stories like this don’t surprise me.
Regulators and those in the system who benefit from government spending have strong incentives to silence dissident [...]
FDA Review
Alexander Tabarrok and David Klein, economic professors at George Mason University, study the FDA and conclude:
We believe that FDA regulation of the medical industry has suppressed and delayed new drugs and devices, and has increased costs, with a net result of more morbidity and mortality.
I see little reason for the FDA to restrict my freedom over [...]
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