Archive for “September of 2007”

Market Anarchist Blog Carnival #7 (Mises Edition)

September 29, 2007

Today is the birthday of the late Ludwig von Mises, who along with Carl Menger, and Eugen von Bohm-Bawerk developed what is now known as the Austrian school of economic thought, following the tradition of Frederic Bastiat, Richard Cantillon, Nassau Senior, J.S. Mill, and others. For the most part, ardent liberals in the ancient […]

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Posted in: Government is Slavery, Taxation is Theft, Economics Lessons, MA Carnival, Anarchy!, Warfare State | 4 Comments

Entrepreneurship & Socialism

September 28, 2007

Is there a role for entrepreneurs under socialism? And if so, what would that be?
The general idea with socialism, as far as I can tell, is that everyone gets to reap the rewards of success, collectively. If I invent a great time-saving device, I am not enriched by it any more than anyone […]

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Posted in: Economics Lessons, MA Carnival | Be the First to Comment

Hillary “Money Grows on Trees” Clinton

September 28, 2007

One can only speculate as to how Hillary intends to provide $5000 “baby bonds to each and every child born in the US of A. Hillary admits that even she doesn’t know where the money will come from:
“I like the idea of giving every baby born in America a $5,000 account that will […]

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Posted in: Democracy is Great! | 2 Comments

“Core” Inflation

September 28, 2007

Quotes like this one always surprise me:

The 1.8 percent rise in core inflation over the past year, which excluded energy and food, was within the Fed’s comfort zone for core price increases of between 1 percent and 2 percent, meaning they could cut again.

You might ask why a graduate student in Economics is surprised by […]

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Posted in: Economics Lessons | Be the First to Comment

Vacation Pics

September 27, 2007

I’ve posted a handful of pictures from Maine on my flickr account this morning. I took about 150 pictures in all, but I’ve only posted a handful of them at flickr.
This particular picture is towards the end of a pretty difficult (but not technical) climb up Mt. Dorr, in Acadia National Park.
I’ll let you […]

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Posted in: world travel, shredding gnar | 3 Comments

Public Goods, 1906

September 26, 2007

According to the commemorative plaque in Lily Bay State Parke (ME), the first continuously operated forest-fire lookout station was established privately by M.G. Shaw Lumber Co., a private lumber company in the Moosehead Lake region of Maine, in 1906.

This is not the first time that the quasi-public good of fire protection was provided by […]

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Posted in: Potpourri, Economic Fallacies | Be the First to Comment

If you don’t have anything to hide…

September 26, 2007

Michigan’s law which requires those under 21 to submit to a PBT has been struck down as unconstitutional by a federal judge. Sometimes they do get it right. But it doesn’t make whole anyone who was needlessly forced to submit to such a test in the past.
Probably, though, this will just lead to […]

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Posted in: Legalese, localized | 2 Comments