Objectivist Mantra: Really funny book - Disorder in the American Courts

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Pure political smear from Walter Williams, or is there any factoid to back his claim?
More from this author

Millard Fillmore's Bathtub Walter Williams wrote a column a dozen years ago in which he made some wild claims about Stanford population biologist Paul Ehrlich. What did he really say? Stanford University Prof. Paul R. Ehrlich - L A Cicero image Williams wrote: Paul Ehrlich wrote The Population Bomb, widely read on college campuses during the late sixties. Ehrlich predicted that there’d be a major food shortage in the U.S. and “in the 1970s . . . hundreds of millions of people are going to starve to death.” He forecast that 65 million Americans would die of starvation between 1980 and 1989, adn that by 1999 the U.S. population would have declined to 22.6 million. Ehrlich’s predictions about England were worse: “If I were a gambler, I would take even money tht England will not exist in the year 2000.” Walter Williams, More Liberty Means Less Government: Our founders knew this well, Hoover Institution Press Publication No. 453, 1999, p. 134 Recently Williams revived that cla

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Sesame Street Program Teaches Kids About Money
Cambridge Credit Counseling Corp.

We’re all kids at heart, which is why I was excited to learn about the new Sesame Streetfinancial literacy program, For Me, For You, For Later: First Steps to Spending, Sharing, and Saving. The Sesame Street staff worked with PNC Bank to create the program, which is a bilingual multimedia initiative designed to help develop a child’s knowledge of the financial basics. Instead of the traditional curriculum, which often begins by establishing the relationship between coins and paper money, this program takes a more creative and entertaining approach. If you’ve been searching for a fun and engaging way to educate your child about money, a visit to sesamestreet.org/save will give you access to a variety of free activities and videos to help your youngster build a strong financial foundation. For Me, For You, For Later focuses on three financial concepts – Choices; Value; and Spending, Saving, and Sharing. One thing you’ll like about the curriculum is that it uses everyday concepts that 3
Seven Reasons to Oppose Higher Taxes
International Liberty

As I have explained elsewhere, tax increases are a bad idea – unless you favor bigger government. And I’ve already added my two cents to the tax debate between Senator Coburn and Grover Norquist regarding the desirability of higher taxes. So it won’t surprise anyone to know that I fully agree with this new video from the Center for Freedom and Prosperity, which offers seven reasons why higher taxes are a bad idea. The video is narrated by Piyali Bhattacharya of Young Americans for Liberty, and here are her seven reasons. Tax increases are not needed Tax increases encourage more spending Tax increases harm economic performance Tax increases foment social discord Tax increases almost never raise as much revenue as projected Tax increases encourage more loopholes Tax increases undermine competitiveness I think reasons #1, #2, #3, and #5 are the most powerful. To a considerable degree, my video on balancing the budget makes the same point as reason #1 about why higher tax
Portugal reaches deal on bailout
The Young Raging Bull

Debt-ravaged Portugal becomes the third eurozone country in a year to receive financial aid, after agreeing to a three-year 78 billion euro ($116 billion) bailout from the European Union and IMF on Tuesday. As with earlier bailouts to Greece and Ireland, economic reforms are to sweep the country – namely strict deficit reductions combined with austerity programs. The deficit will have to be cut to 5.9% of GDP this year, 4.5% in 2012 and 3% in 2013. Portugal’s economy is expected to contract this year as a result of the latest set of austerity measures. PM Jose Socrates said the three-year loan was a “good agreement that defends Portugal” in a televised statement. While agreed upon, the debt relief package, along with its reforms, is tied to approval by Portugal’s main opposition party, which has already rejected cutbacks to fight the debt mountain. The Social Democrats released a statement today saying that the party will have to analyze the bailout and will take a decision on whether
Good Intentions and Bad Math . . .
GenXMoney
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Silly me. I thought he’d outgrown them or something
Jonah said/Ben said
Exploring Sovereign Wealth Funds
Steve Blizard's Blog
Fuel on the fire
Materialism is our god
Eco Living Magazine
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DIY Chicken Feeder – Salad Greens – Hold The Vinegar And Olive Oil
Town & Country Farming
Economics hip-hop music video
RickMcCharles.com

Brian found a site that actually makes Economics interesting. “Fight of the Century” is the new economics hip-hop music video by John Papola and Russ Roberts at EconStories.tv. Click PLAY or watch it on YouTube. According to the National Bureau of Economic Research, the Great Recession ended almost two years ago, in the summer of 2009. Yet we’re all uneasy. Job growth has been disappointing. The recovery seems fragile. Where should we head from here? Is that question even meaningful? Can the government steer the economy or have past attempts helped create the mess we’re still in? In “Fight of the Century”, Keynes and Hayek weigh in on these central questions. Do we need more government spending or less? What’s the evidence that government spending promotes prosperity in troubled times? Can war or natural disasters paradoxically be good for an economy in a slump? Should more spending come from the top down or from the bottom up? What are the ult
Now, If We Can Only Blame This Cooling Thing On Greedy Capitalists
Grantcoulson's Blog

Do not think about, write about or deal with human behavior without determining the effects of incentives. One of the characteristics of politicians is to confuse what they intend to do with what they do and what they accomplish. The Hysteria About Global Warming–We must act now–It may be to late already- must dissolve if the data upon which it is based is wrong. The Global Warmists who have used the term denier as synonym for foolish and stupid now have to deny the temperature fall. Curious, isn’t it?. Lawrence Solomon National Post May 4, 2011 Global cooling in the wind Tornadoes are associated with episodes of great temperature contrasts, often involving unseasonably cold air colliding with warm air. During the 1960s and 1970s, when global temperatures cooled so much that scientists believed we were entering a period of global cooling, the number of tornadoes rose. 1973, which saw 1,100 tornadoes in the United Stat
Wal-Mart to Spend $ 759 Million in Brazil this year
Finbel's Blog

BRASILIA / SAO PAULO (Reuters) – Wal-Mart Stores Inc. (WMT.N), The World's Biggest Retailer, Will invest 1.2 billion reais ($ 759 million) in Brazil this year to tap buoyant consumer demand in Latin America's Largest Economy, The Unit's Said one top executive Tuesday. Wal-Mart Brazil Chief Executive Marcos Samaha Told reporters in Brasilia Thats the plan to build 80 new AIMS blinds Including Hypermarkets, discount stores, warehouse retailing units and grocery shops by The End of the Year, Creating Jobs 7.000. Wal-Mart's plans underscore icts Growing interest in Brazil, WHERE IS consommation solidly Supported by record job creation and rising WAGES year have millions join Emerging middle class cash advance loan no fax.More than half of the New blinds Will Focus on serving lower middle-class families – the bulk of Consumers in the nation's 190 million. "Our investment plan goes in line With The Social and Economic Development Plan cette country,
Reduced Corruption key to Asia’s rise: ADB
Din Merican: the Malaysian DJ Blogger

May 4, 2011 Reduced corruption is key to Asia’s rise: ADB By Ian Timberlake (AFP) HANOI — Reducing corruption and improving government accountability are the greatest challenges to making Asia the world’s wealthiest region by 2050, the Asian Development Bank (ADB) said. The continent is undergoing a historic transformation, according to a study for the bank unveiled at its annual meeting in Vietnam.”If it continues to grow on its recent trajectory, it could, by 2050, account for more than half of global gross domestic product (GDP), trade and investment, and enjoy widespread affluence,” the report said. Asia’s proportion of global GDP, rising from 27 percent last year, would match its share of global population and a per capita income of $38,600 would leave the region as well off as Europe is today, it said. Countries from the Pacific Ocean to Central Asia face many challenges if they are to achieve this, but underlying them all is a need for stronger ins
It’s the economy stupid
Reality Checkpoint

Why is the post not like it used to be? Looking back over the years always brings amusement and we always think our own perspective to be unique. In the UK it is easy to gripe about how the Royal Mail isn’t as good as it used to be; in the 70s we had two posts per day (and second class generally meant second post), cancellation of the Sunday delivery was a huge event and it was common to get the post delivered before leaving for school, allowing for birthday cards to be opened. Nowadays we get a delivery most days (though it seems not every day), first class might arrive the next day and prices of stamps seem exorbitant. Curiously if one reads the Victorian novel then for a penny it was quite common for the main character to receive a letter from London at breakfast, send a reply and then have a further reply arrive before tea! This may be somewhat exaggerated but clearly a better service than one got in the 70s! Businesses are systems Now the Royal Mail is a complex system, it t
A redistribution effect of minimum wage legislation
Random thoughts of an economist

Consider the low-end boutique market. The low-end market is rather competitive. Barrier to entry is almost none. A typical boutique will buy clothes from other countries (likely mainland China) and sell them in Hong Kong. To operate a boutique, we will need to rent a shop space, hire some salespersons, etc. The “etc” can include a lot of things that I do not want to talk about. I would like to focus on rental and wage of salespersons. Imagine that there is an influx of uneducated immigrants. Since sales do not require much skill, an un-educated, unskilled person can do the job. Thus, we expect the influx will lower the wage of salespersons in these low-end boutique. If a typical boutique was earning a zero profit before, the lower wage due to the influx will give the boutique a positive profit. Did I say positive profit? With an increase in profit, a lot of people will find operating a boutique more attractive. Since there is no barrier to entry, some will want
Village to close after contributing nothing to local Tesco
@ggregator

(NewsBiscuit - The news before it happens) A 1000 year old Oxfordshire village is to close after it was deemed not to be economically viable to the local Tesco superstore. Villagers received the news at a tense public consultation meeting last night when Councillor Shapley revealed that not a single person from the historic village of Stony Bridgeford shops or works in the Tesco store a few hundred metres away. ‘It’s no good being sentimental about these things. In this modern competitive environment, villages either have to pay their way as far as the supermarkets are concerned or face closure.’ There had been some hope of keeping the village open, and just closing down some of the older and more annoying residents as a compromise but this was rejected as impracticable. David Gordon representing the village commented ‘We are devastated by this ruling from the local council. We have been good neighbours to Tesco and never gave them any bother despite having lorries thundering through t
Dollar Rises Against Euro, Pound
Djonbri's Blog

NEW YORK – The dollar mixed Tuesday as investors WAS Continued to weigh The Impact of Osama bin Laden's Death on the world economy. The U.S. dollar Against the euro rising WAS and pound Tuesday, falling to WAS Against the yen and hit a record low Against the Swiss franc. "There Is Some fear of retaliation attacks after The Death of Osama Bin Laden," Said Camilla Sutton, currency strategist at Scotia Capital in Toronto. "There Is Some risk aversion going on." Investors Consider the dollar, yen and Swiss franc to Be safe-haven assets tends to rise And They Düring times of global turmoil. The dollar in decline HAD Been Over the past few "weeks as investors Expected The Federal Reserve Would Keep Interest Rates Low. Central banks overseas are raising interest rates. Higher rats tends to make currencies more attractive to investors seeking "high yield paperless payday loans. In afternoon trading Tuesday in New York, The Euro Fell to $ 1.4835 from $ 1
Blood and Oil
Learning from Dogs

Continuing the thoughts of Michael Klare. (My apologies, this is a difficult week for me as I prepare for a course that starts on the 11th May. So posts may be a little thinner than usual.) Yesterday, I wrote about an article by Michael Klare on the theme of the avenging planet. While researching for that piece, I came across a film that Klare has produced called Blood and Oil. It seemed worth mentioning it on Learning from Dogs. Here’s the synopsis, The notion that oil motivates America’s military engagements in the Middle East has long been dismissed as nonsense or mere conspiracy theory. Blood and Oil, a new documentary based on the critically-acclaimed work of Nation magazine defense correspondent Michael T. Klare, challenges this conventional wisdom to correct the historical record. The film unearths declassified documents and highlights forgotten passages in prominent presidential doctrines to show how concerns about oil have been at the core of American foreign po

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