Tag Archive for economics

Four On Capitalism, and Crony-Capitalism

Four good reads, all worthy of your time. And see this from yesterday. Horwitz on the Financial Crisis and Recession: MacWilliams needs to ask himself why, if this was really capitalism, banks would make loans to people they thought could…

Are Volunteers Exploited?

This great cartoon makes me wonder. If we believe that those making a low wage are being exploited, what should we think of volunteers? What about students doing an unpaid internship? (pic via Bastiat Institute) As an aside, I wonder…

Saving Jobs and Who Are The One Percent?

Two fantastic must-read posts. First Dr. Boudreaux absolutely destroys Barbara Lee (D-CA). Her ignorance is on full display. Damn All this Progress!: #Dear Ms. Lee: Fred Barnes reports in the Weekly Standard that you refuse to use computerized checkout lanes…

Ridley Channels Hayek on Human Progress & Trade

Maybe the finest concise piece you will read this week, by Matt Ridley in Saturday’s Wall Street Journal. Matt Ridley: From Phoenecia to Hayek to the ‘Cloud’ – WSJ.com: “The crowd-sourced, wikinomic cloud is the new, new thing that all…

Does “Buy Local” Really Do What You Think?

Fantastic column, well worth the read. Got Cheap Milk? – By Charles Kenny – Foreign Policy: What about “local”? Perhaps locally grown produce tastes better to some people. And perhaps it is psychologically better to have close contact with the…