Archive for Economics

What About The Old Solutions?

What, is hanging too good for ’em?  A Kenyan court?  What is that going to be like?  If you are catching these guys on the high seas, then the whole criminal prosecution thing seems a bit much.  Two pieces of rope per pirate ought to handle it.

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Warmists And A Model Failure

Christopher Booker in an article about 2008 roaring out as the counter to the Warmist religion.

Easily one of the most important stories of 2008 has been all the evidence suggesting that this may be looked back on as the year when there was a turning point in the great worldwide panic over man-made global warming. Just when politicians in Europe and America have been adopting the most costly and damaging measures politicians have ever proposed, to combat this supposed menace, the tide has turned in three significant respects.

You have been jumping at computer models, Warmists.  When are you going to start to understand that?

UPDATE:  More on the same.

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No Kidding Sheep Dip Dunked Leftist

Get a liberal finally whining about something correctly but he still has to jab at conservatives. After talking quite a bit about how conservatives really are more generous than liberals he gets down to this:

So, you’ve guessed it! This column is a transparent attempt this holiday season to shame liberals into being more charitable. Since I often scold Republicans for being callous in their policies toward the needy, it seems only fair to reproach Democrats for being cheap in their private donations. What I want for Christmas is a healthy competition between left and right to see who actually does more for the neediest.

Callous in our policies toward the needy? Didn’t you just disprove that notion? We have personal policies towards the needy and think that the government should butt the hell out of something they do so poorly. The War on Poverty worked about as well as the War on Drugs has, and probably far worse. We know this is true because the Leftists are still whining about the poor.

The real reason that liberals want the government to take care of the poor is that they know that way they can force both the conservatives and the liberals to contribute, knowing full well that the conservatives will keep contributing on the side. If they do not do it that way then only the conservatives would be spending on relief for the poor and then where would the liberal compassion be focused?

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Frickin’ Big Media Idiots

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Most Reasonable Auto Bailout Yet Proposed

Joseph Farah has a great idea, given how bad all the other government solutions are likely to be.  Heck, they subsidized hybrids this way.

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Ford Isn’t Dead

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This Too Shall Pass

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More Global Warming Manure

Using computer models to determine the effect of man-made global warming, and so to potentially sue oil and power companies.  It is using computer models people, not measurements.  On this basis I think we could create computer models of the economy that would allow us to sue Democrats for their impact of the stock market.  This could get fun!

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Unions

Obviously these guys have their own thing that they are promoting, but Mr. Fu found their points interesting.

They have a blog. After some of the experiences that TUFF McFU went through with the unions, union tactics are nothing less than underhanded. They are not looking for a straight up deal, they are trying to appeal to your greed and fear in order to get you to sign up. Once you are in your are stuck. Sure, the UAW got huge pay and such for workers at the Big Three. And you are now seeing the fruits of their labor, total annihilation.

What effect will unions have on individual freedom?

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That Is Irony

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NY Times Funny Of The Day

This is hilarious:

The Japanese automakers broke into the American market in the 1970s by exporting small, high-quality, fuel-efficient vehicles during an energy crisis.

LOL! Mr. Vlasic, were you even alive back then? Fuel-efficient? Yes, given the lighter, under powered vehicles they produced. High-quality vehicles? Oh please! Datsuns came in three colors rusted, horribly rusted, and rust pile. The metal would last about six months before being perforated by reduction-oxidation. High-quality they were not. But that Japanese manufacturers did not just keep making crap, they adapted and overcame.

And now they have overcome the American automotive industry. Why? Because of the two factors that GM, Ford, and Chrysler cannot control in building cars, the unions and the government. When an autoworking union forklift operator makes $103,000 a year in the US while the average wage for forklift operators across the country is $26,000, then the government backed unions are going to kill the hell out of the auto industry. You can thank the draconian laws that permit the unions to operate the way they do for the collapse of this industry.

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What Will Not Work

A summary on the basics of economics and power.

Government cannot do those things [solve problems] directly. If it tries, it will fail and make us worse off. The key to understanding this lies in the nature of human action. We live in a world of scarcity, and the list of scarce resources includes time and knowledge. At any moment demand exceeds supply. Under these conditions, we adapt means to achieve chosen ends. We face opportunity costs and make tradeoffs according to our subjective preferences. The perception of costs prevents us from achieving lesser values at the expense of greater values. Respect for other people and their property, backed by law, prevents us from shifting costs to them without their consent. The result is the market — that emergent order which serves the general welfare and encourages personal responsibility as each person pursues his or her private interests.

If government, which, recall, is force not eloquence, intervenes — to raise or lower costs, to increase or reduce rewards, to tamper with prices or interest rates — we will modify our behavior, knocking self-interest and the general welfare out of alignment. A subsidy for medical insurance will increase the demand for services and raise prices. A price ceiling will make those services less available. A floor under wages will make jobs for unskilled workers more scarce, as employers find it a losing proposition to hire them. A tax on production will mean less produced. A subsidy to production will mean too much produced relative to something else consumers want. A trade restriction will lower living standards at home and abroad.

Thanks to FLOURCHILD for the link!

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No Taxation Without Representation

Is this idea entirely dead? So what happens when a majority of the voters do not pay taxes?  Do the minority tax payers really have representation at that point?

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The Ruskies Are Ticked Off?

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Good Overview Of Obama Involvement

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The Party That Cares Is The Party That Kills

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Obama’s Two Great Advantages

Obama has two great powerhouses working for his team: Greed and Envy.  These two guys are the only hope Obama has of winning the election, because sound ideas are not his strong point.  Sure, he wants to “change” things.  But he wants to “change” things in ways that have already been proven failures here and elsewhere.  At most it represents “change” like in the old joke from World War I:

“Goods news men!  Today we all get a change of underwear and socks.  Johnson, change with Smith, Jones, change with Franklin……”

Yes, Big Oil made something like $80 billion in profits in the last year.  And their profit margin was what?  Nine percent or so?  That is not a great investment considering what you can get out of a decent S&P indexed mutual fund.  And if you cannot understand the difference between a profit and a profit margin, and why it means that Big Oil is not unfairly profiting, then you either need to study more, or you are an idiot.  If you think that Big Oil is making too much money then invest in Big Oil stock.  Otherwise keep your greed to yourself.

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It’s In There Somewhere

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The Wedding Of Big Business And Government

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Sacrifice and Service

Altruism does not mean mere kindness or generosity, but the sacrifice of the best among men to the worst, the sacrifice of virtues to flaws, of ability to incompetence, of progress to stagnation – and the subordinating of all life and of all values to the claims of anyone’s suffering.

The man who produces while others dispose of his product is a slave.

It stands to reason that where there’s sacrifice, there’s someone collecting sacrificial offerings. Where there is service, there is someone being served. The man who speaks to you of sacrifice speaks of slaves and masters. And intends to be master.  — Ayn Rand

I do not agree with everything Ayn Rand ever said, but she could smell a Commie ten miles off.  This has that certain communist stink about it:

An Obama campaign theme is that more Americans need to sacrifice for neighborhood and country.

He has put out a $3.5-billion national service plan that would double the size of the Peace Corps, recruit retired engineers and scientists to tutor students, and offer college students tuition aid in return for community service.

He has put out a $3.5-billion plan?  Is this his money he is talking about using?  No, it is yours.  You are the one that gets to sacrifice for his plan, at the point of a gun.

Americans are plenty generous and giving.  We do not need someone dictating to us where our charitable dollars should go.  Reduce our tax burden and our increased charitable contributions will support our neighborhoods and country without the Federal government taking their very inefficient cut off the top.

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