Economics

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 the dust with serious engine problems about a month ago (my mechanic says it's a "spun bearing," but … [Read more...] about Market Failure in 22-inch Winter Wiper Blades?

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 clue … [Read more...] about An Unbearable Lightness of Brains

Radley Balko discusses the hypocrisy of the living wage movement. … [Read more...] about Those Other People Should Pay Their Employees Better

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 freshman — even most high school … [Read more...] about Why People Don’t Believe Economics

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 current random spot testing protocol is good enough. … [Read more...] about Insanity Over Mad Cow Testing