economics

There Ain’t No Such Thing As Free Energy Independence

Here’s a letter to the Wall Street Journal:

Plural Pronoun Confusion

Here’s a letter to the Wall Street Journal:

Undersecretary of Commerce for International Trade, Francisco Sanchez, applauds U.S. Trade Representative Ron Kirk for “negotiating tough bargains, ensuring that when America gives other countries the privilege of free and fair access to our market, U.S. businesses will get the same treatment in theirs” (Letters, July 23).

Some Links

Boston Globe columnist Jeff Jacoby argues against government subsidies to journalists and the news media.  (My two cents: anyone who believes that a government-subsidized press would not be a politically beholdened press – a press leashed like a lap dog to its paymaster’s fist – is hopelessly out of touch with reality.)

Questions for the Laureate

Here’s a letter to the Financial Times:

Several questions popped to mind after reading Nobel laureate economist Michael Spence’s essay in your pages today (“America needs a growth strategy“).  Here are a few:

Some Links

Rational Optimist author Matt Ridley has this superb essay at Your Olive Branch. This essay is especially highly recommended to those persons who worry about income inequality in capitalist societies.

Bastiat

209 years ago today, in southwestern France, a man who Joseph Schumpeter was later to call “the most brilliant economic journalist who ever lived” was born: Frederic Bastiat.  Sadly, this gifted writer and unmatched communicator of economics died of tuberculosis only 49 years later.

In Dubious Battle

Ms. Marlan S. Maralit
Organizing Department
American Federation of State County and Municipal Employees

Dear Ms. Maralit:

Thanks for your mass e-mail this morning inviting me to recommend students for AFSCME’s Alternative Union Break: Summer Session.  I understand that students who attend this four-day program are taught how to “fight for a better country,” and to promote “social and economic justice,” by becoming union organizers.

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Acts 20:16

For Paul had determined to sail past Ephesus, that he might not have to spend time in Asia; for he was hastening, if it were possible for him, to be at Jerusalem the day of Pentecost.
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Your true home is in nothingness, in emptiness of all content. You face it most cheerfully when you go to sleep! Find out for yourself the state of wakeful sleep and you will find it quite in harmony with your real nature. Words can only give you the idea, and the idea is not the experience. All I can say is that true happiness has no cause, and what has no cause is immovable. Which does not mean it is perceivable, as pleasure. What is perceivable is pain and pleasure; the state of freedom from sorrow can be described only negatively.

Sri Nisargadatta Maharaj