Category: Economics
Market Failure in 22-inch Winter Wiper Blades?
Chicago just got hit with some more snow, and I realized I need new wiper blades on my car. The ones I have now are not winter blades, so ice builds up in the wiper frame and prevents it from applying even pressure, allowing ice and sleet to remain on the window. My Camry bit… Read more
An Unbearable Lightness of Brains
I speak, of course, of our Congress. They’ve actually gone and outlawed the light bulb. Thomas Edison’s lightbulb. I don’t want to alarm you. They haven’t gone and outlawed all illumination, they’re only after your conventional incandescent light bulbs. They still want us to buy energy efficient compact flourescent bulbs. You know, to save energy. I have no… Read more
Those Other People Should Pay Their Employees Better
Radley Balko discusses the hypocrisy of the living wage movement. Read more
Why People Don’t Believe Economics
Kip has a few thoughts about why so many people don’t know basic economics: The problem of economic illiteracy — which at this point is indeed a dangerous, sometimes lethal, epidemic in America — derives not from failed economics instruction, but from failed philosophy instruction. For example, we can (and do) show essentially every college… Read more
Insanity Over Mad Cow Testing
Instapundit had a link to an infuriating AP story: WASHINGTON: The Bush administration said Tuesday it will fight to keep meatpackers from testing all their animals for mad cow disease. Oh. Well, I’m not sure that’s such a big deal. There’s no need for the government to force meatpackers to test every animal if the… Read more