Archive for February, 2005

Feb28th2005

The Religious Left?

No, not on moral issues, but on economic issues.
Don Boudreaux, Chairman of the Department of Economics at George Mason University, writes:
The bottom-line, fundamental reason I endorse markets over government direction of the economy – the essential reason I support extensive and vigorous private property rights and the consequent decentralization of decision-making that this institution […]

Feb28th2005

Posner On Medicare

Richard A. Posner, Professor of Law at the University Of Chicago and federal judge, writes:
As a matter of economic principle (and I think social justice as well), Medicare should be abolished. Then the principal government medical-payment program would be Medicaid, a means-based system of social insurance that is part of the safety net for the […]

Feb28th2005

Picture Of The Day


Feb28th2005

Quote Of The Day

“Do corporations have social responsibility? Yes. Nobel Laureate Professor Milton Friedman put it best in 1970 when he said that in a free society “there is one and only one social responsibility of business — to use its resources and engage in activities designed to increase its profits so long as it stays within the […]

Feb27th2005

Quote Of The Day

“People who oppose the privatization of Social Security call it “a risky scheme.” But is anything more risky than turning money over to politicians and hoping that they won’t spend it before you retire? They have been spending the “trust fund” for decades”. –Thomas Sowell

Feb26th2005

Quote Of The Day

“If sanity ever returns to our society and we stop taking pretentious elites seriously, one of the signs will be that the public will force the removal of those ugly pieces of twisted metal that are called “art” in front of government building”. — Thomas Sowell

Feb25th2005

Capitalism And Slavery

Donald J. Boudreaux, chairman of the Department of Economics at George Mason University, has a must read article on Capitalism and Slavery.
He writes:
slavery had been an ever-present institution throughout human history until just about 200 years ago. Why didn’t slaveholders of 2,000 years ago in Europe or 500 years ago in Asia accumulate wealth that […]

Feb25th2005

A Few Questions For Europeans

Some things we’ve been wondering about Europe that needs some answers.

Feb25th2005

Quote Of The Day

“[Harvard President Larry] Summers’ mistake was that he did not treat women badly. Take Summers’ old boss, Bill Clinton, who was able to date while married, as his top female staffers (who considered themselves feminists) strove to protect him from nubile workers. In this politically correct era, words speak louder than actions: You can act […]

Feb24th2005

Differences Between The Sexes

While discussing the Harvard President Lawrence Summers’ incident, Steven Pinker, Johnstone Professor of Psychology at Harvard University, detailed some of the overall settled differences between males and females:
Many of Summers’s critics believe that talk of innate gender differences is a relic of Victorian pseudoscience, such as the old theory that cogitation harms women by diverting […]

Feb24th2005

Price Controls On CEO Pay?

Some people seem to think that a proper solution to the economic problems of lower income households is to double the minimum wage and limit CEO salaries.
Mark Steckbeck, economics professor at Hillsdale College, explains why it’s not; here is more.
Update: Walter Williams has more.

Feb24th2005

What Comes Next?

Ian Sample asks leading scientists what comes next.

Feb24th2005

Quote Of The Day

“Summers’ other point concerns statistical distributions. On a variety of attributes, statistical measures show that men have higher variance than women. Thus, if you look at the very top or at the very bottom of the distribution, you will find a larger share of men, while if you look in the middle, you will find […]

Feb23rd2005

A Face To School Vouchers

If you still doubt that school vouchers can make a significant difference, please, please, please read Casey J. Lartigue Jr. detailing his day activities volunteering with the Washington Scholarship Fund. It is a must read, especially for those who have the most needy and troubled youths in mind.
For example, he writes:
there is one woman who […]

Feb23rd2005

Why Is Manhattan So Expensive?

Apparently, for the same reason that other areas with a high concentration of liberals (read: Democrats) are so expensive, land use restrictions (regulations).

Feb23rd2005

Think Taxes Don’t Matter?

25 Year Decline In Dividends Reversed
HatTip: Division Of Labor.