If you pay any attention to the debate over whether or not “stimulus” spending is a good idea, you may have heard a non-Keynesian mention the “broken window fallacy.” The Gormogons have posted a simple explanation of this idea in a nice, neat 3 minute and 32 second nutshell.
Also tagged Economics, PoliticsDid you ever see the movie The Fifth Element? Remember the scene where they are reconstructing the Fifth Element from a few living cells? Remember how the machine created various body parts, including the circulatory system, with all of the veins and arteries and such? It is now possible, using stem cells and a 3d [...]
Also tagged Economics, Politics, Science/TechnologyFrom David Harsanyi: But once we start rationing health care, externalities will only become more of an issue. If we collectively pay for health insurance, then what is to stop the majority of us from dictating to the minority what it can eat or drink? What would stop Republicans — after they roar back to [...]
Also tagged abuse of power, congress, food(I’m not sure where I got this link. If I find it again, I’ll update it.) Top 10 Pain in the Arse Taxes in History
Also taggedMr. President, I know that there are a lot of people out there who are mesmerized by your image and don’t really pay attention to what you say. I am not one of those people. For example, on September 12, 2008 you said, “Under my plan, no family making less than $250,000 a year will [...]
Also tagged lie to me, Obama, smokingNone of the big blogs I read have mentioned the news item today that our soon-to-be-ex governor Sebelius didn’t pay all of her taxes. Has Obama nominated anyone for anything who has actually followed the rules? Apparently the whole tax cheat thing has just become a given for Obama appointees and not worth the time [...]
Also tagged ethics, ObamaRatlands is using WP-Gravatar