Remember this old post on Collusion, Price-Gouging, or Predatory-Pricing? Worth a chuckle. Need more evidence of how govt. warps markets and sensible behavior? State regulators crack down on grocery chain for selling cheap milk – The Daily Caller: Louisiana state regulators recently…
Tag Archive for economics
Chicago Healthcare and Top Sirloin
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Reading this story about Rahm Emanuel and union/govt/municipal healthcare made me think of an old piece from Dr. Russ Roberts. This. Rahm’s ObamaCare Brainstorm – WSJ.com: Chicago may dump its retiree health costs on federal taxpayers. … Rahm Emanuel’s parting…
McCardle Blasts The $1-Trillion Coin Option
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She nails it. And she gets into one of my personal pet-peeves, the idea that we need government to think long-term because corporations only think short-term. Washington Goes Platinum – Megan McArdle – The Daily Beast: “I hope you’ll pardon…
Market Failure – Lost Luggage Edition
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“Markets fail. That’s why we need markets.” I read a column by that name from Arnold Kling a couple years ago and it has stuck with me since. When a market fails (I would argue that happens much less frequently…
She Really Said It: Hilda Solis on Unemployment
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This statement approaches the level of scary-ignorant. It would be bad enough if she were just a simple uninformed voter, but she’s an appointed overlord, the Secretary of Labor. Hilda Solis: Paying People Not To Work Saved Millions Of Jobs – Zero…
Never Doubt Creative Destruction
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At least when not completely hampered by government via crony-capitalism and rent-seeking. But it’s amazing how well it works even in spite of that most of the time. Remember just a few short years ago when it seemed like RIM and Blackberry…
Dr. Munger on Prices and Information
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Another fantastic video from Dr. Munger of Duke Univ. Prof. Munger is a frequent EconTalk guest, the interviews and discussions are highly-recommended. Infirmative and entertaining. As an aside, I get annoyed when I see posts on Facebook, Twitter, etc. explaining how…
Incentives Matter: Canadian Biodiesel Train Fraud Edition
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Incentives matter, always. But I’m sure this is an isolated incident. (pic via autoblog) Why did a biodiesel train cross US-Canada border over and over again?: Biodiesel appears to be a tough business to enter, whether you’re talking lawsuits over federal…
Henderson On The Wages and Blame
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Brilliant explanation. Definitely click through, it’s brief and perfect. Blaming the Person Offering you the Best Deal, David Henderson -EconLog: I saw a woman on Stossel tonight who works for McDonald’s. She said she was paid $8 an hour, but…
The Shame of Taxi Medallions
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This is a must-read column from Jonah Goldberg. A taste. Jonah Goldberg: Let the taxi app roll – latimes.com: Uber is a car service that you ‘hail’ with a smartphone app. Because it’s fast and reliable, it’s a threat to…