Month: December 2010
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Trade With Your Children
If it makes life easier if our children help out with the chores, then trade with China enhances everyone\’s welfare! The two seem miles apart but are supported by the same logic.
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Liberal – Progressive – Conservative
The word Liberal doesn\’t mean what it used to, liberals are trying to escape a tainted word by adopting \’progressive\’, and \’conservatives\’ lack philosophical consistency.
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The Great Depression – Plenty of Blame to Share
[This is part of a series, which is introduced in the posting titled \”Unintended Consequences\” here.] [Edited September 13, 2011] There are plenty of options for pointing to government policies and behavior that brought about the Great Depression, deepened it, and helped it to last much longer. The Gold Standard and France against the World.…
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The Housing Crisis in the United States
[This is part of a series, which is introduced in the posting titled \”Unintended Consequences\” here.] There is a lot of blame to spread around for the housing crisis we are still experiencing and the accompanying financial crisis. The main stream stories mostly point at rapacious rich bankers. I don’t doubt that greed played a…
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Fiscal Irresponsibility
Well doesn\’t that just fill you with confidence about the plans the federal government has for dealing with the deficit. The first big headlines they make after the Republican resurgence is three things guaranteed to fix the deficit: cut income tax, cut social security tax, and extend unemployment insurance. Wonderful. At least they had two…