An interesting point

and one that seems eminently reasonable
Hayek’s basic critique of the idea of social justice is not based on a moral argument — it is based on the limits of human knowledge. Human beings simply do not possess the kinds of information necessary to allow for a just and equitable distribution of resources necessary to ensure [...]

Read Full Post »

He calls ‘em like he sees ‘em

David Hume with a few realities which most people are overlooking:
- Yes, Obama does want to socialize risk.
- Yes, it will cost more.
- No, we do not have a free market in health care. Medicine is socialized between the ages of 0 and 18, and 65+, and for many of the poor. Private insurance is [...]

Read Full Post »

A good explanation of the government and the economy

Over at Hezekiah Wyman
When government becomes the restaurant the system flies apart in many ways. Governments do not worry about overheads; indeed, it is an essential function of government to grow. The gang in DC has no concept of being able to “afford” the expenses they occasion. Money isn’t real to them. Other people’s money [...]

Read Full Post »

Dr. Gloom, Doom, and Boom

An interview with Economist Dr. Marc Faber. This is from the Lateline Busness show in Australia, and I believe the interviewer is Ali Moore.
Well worth watching.

My favorite part starts around 5:14
Ali Moore: You have no faith in the administrations’ ability to wind back stimulus and to start dealing with that problem?
Dr. [...]

Read Full Post »

Democrat or Republican, I don’t care which

Just END THE FED!
Joshua at The Western Confucian links to Sean Scallon’s article:
Breaking the Bank
I find it somewhat ironic that the President who broke the second Bank of the United States was a Democrat, and, if we do manage to destroy the Fed, the movement will have been spurred by a Republican, Dr. Ron Paul.
Whichever [...]

Read Full Post »

As usual, Peter Schiff is right

Peter explains, in a very easy to understand way, why minimum wage laws hurt unskilled workers: Where Have All the Gas Pumpers Gone?

Before bringing on another worker, an employer must be convinced that the added productivity will exceed the added cost (this includes not just wages, but all payroll taxes and other benefits.) So if [...]

Read Full Post »

Aristotle and Virtue Politics

Michael Federici over at Front Porch Republic has a good post on some differences between Aristotle’s political philosophy and what we have to deal with today. Aristotle and the Cult of the Immediate:
For example, in the Ethics, Aristotle distinguishes between pleasure and happiness. Pleasures are fleeting and insatiable. Some are consistent with the good life [...]

Read Full Post »

Obamaman

I generally avoid Bob & Tom like the plague, but a collegue sent around the following link:
Canadian comedian Greg Morton weighs in on the current financial crisis and how President Obama plans to get us out of it.

Read Full Post »

Peter Schiff for Senate?

A bunch of folks are encouraging Peter Schiff to run for Senate in Connecticut.
I don’t know much about Peter Schiff, other than he understands bubbles and the economy far better than most of the folks in Washington. He was predicting the housing bubble issues back in 2006, when most folks were laughing at him. He [...]

Read Full Post »

Some left-leaning views on Economics.

From the Western Confucian, a couple of articles from Common Dreams:
The Next Big Taxpayer Bailout? IMF Could Get Hundreds of Billions for European Banks
Now the Obama administration is asking the Congress for $108 billion for the International Monetary Fund. This was in accordance with a plan that the administration has helped organize to raise $500 [...]

Read Full Post »