Economists generally believe that extremism is probably a mistake. That's because every choice involves a trade off. You'll start with the easiest trades first, but as you push to greater extremes, you'll have to trade off more and more things of value. For example, if you set out to own the fastest production car in the world, it will probably turn out to be uncomfortable, … [Read more...] about Gerry Spence and the Economic Of Extremism
Who’s Talking In the Blago Camp?
The defense has rested in the corruption trial of Illinois governor Rod Blagojevich without letting the jury hear his testimony. Other people are discussing what it's fair to assume about Blagojevich's guilt based on his not testifying [be sure to read Scott Greenfield's scathing response in the comments below], but I'm wondering how we're hearing about so many details … [Read more...] about Who’s Talking In the Blago Camp?
Of Whores and Holes
If you've ever spent time editing digital audio recordings, you know that they can become hard to understand when you compress them just a little too much... (The story follows a short commercial.) … [Read more...] about Of Whores and Holes
The Real Big Shove: Everybody Gets Life
Scott Greenfield wrote today about a case involving a police officer who caught one of those lucky breaks in court that cops seem to get so often: It seemed as if things couldn't get any worse for Police Officer Patrick Pogan, when his arrest of Christopher Long, a cyclist in the Critical Mass rally, for attacking him was covertly videotaped. Only 10 days on the job and … [Read more...] about The Real Big Shove: Everybody Gets Life
How To Do/Avoid Drug Interdiction
Hey Kids! Want to know how to smuggle large amounts of dope without getting caught? Police Lieutenant Andrew G. Hawkes will show you how. Of course, he's selling his training materials to police officers only, so you'll have to get past his security questions without breaking any laws, which may be tricky. Even so, there are a few handy tips on his web site: Tip #3: "If you … [Read more...] about How To Do/Avoid Drug Interdiction