Blogs

The Religious Right and the Republican Revolution

Since the election of Ronald Reagan as President in 1980 the United States has seen a monumental shift of political power. Prior to this the South had been a Democratic stronghold as a result of the Civil War. Even a hundred years after, it had not been...

Posted to Not-a-Lemming by FutbolGuru on Fri, Mar 13 2009

Filed under: socialism, Communism, Republican, democrat, Religion, Religious right, left, moral majority, hippies

The Conservative Conundrum

Interesting news this week with various outlets reporting that President Obama may not be able to function in a press conference without a teleprompter. It makes me wonder exactly how much information he’s being fed, and what he actually knows....

Posted to Not-a-Lemming by FutbolGuru on Thu, Mar 12 2009

Filed under: Obama, Liberal, Conservative, nepotism, Bureaucracy, Limbaugh, Palin, Republican, democrat, Wayne Parker, Gingrich

Overlooked by those warmed by climate rhetoric ("alarmist" or "denialist") - the fact that our most important commons have NO property rights rules

...

Posted to TT's Lost in Tokyo by TokyoTom on Thu, Mar 12 2009

Filed under: commons, James Hansen, Enviro Derangement Syndrome, pielke jr., Coal, Rob Bradley, climate change

[Update] Rot at the Core: Rob Bradley at "free market" MasterResource blog shows his true colors as a rent-seeker for fossil fuels

[Update: I`ve added more background on Exxon, "Malthusians" and productive engagement.] How has Rob Bradley showed his hand? By shutting down reasoned (if challenging) debate at his blog, in the face of comments that were certainly more "free...

Posted to TT's Lost in Tokyo by TokyoTom on Wed, Mar 11 2009

Filed under: corporations, climate change, Knappenberger, Rob Bradley, Exxon, Tom Tanton

Start-Up Promises More Game Realism

Start-Up Promises More Game Realism Engineers Say Technology Will Speed Production of Film-Like 3-D Images A start-up founded by former Apple Inc. engineers said it has developed technology that could bring film-like realism to computer games and change...

Posted to mikguiruram by mikguiruram on Tue, Mar 10 2009

Rot at the core: federally-owned TVA's massive coal flyash spill - the TVA "protects" affected residents by hassling/arresting the volunteers who help them

...

Posted to TT's Lost in Tokyo by TokyoTom on Tue, Mar 10 2009

Filed under: Coal, limited liability, TVA, moral hazard, damage

Nationalization, regulation and economic reality

The business of banking has long been rather exceptional with regards to the way that it treats profits and losses. In any industry, when a company makes profits these are either retained by the company as capital or distributed to shareholders - and...

Posted to Money Memes by jimmy on Mon, Mar 9 2009

Rot at the Core: KC Fed Pres. Hoenig says "Too Big has Failed", and calls for receivership of failed banks / end to bailouts

Finally, someone in the Fed is arguing that the Fed should stop printing money like crazy to bail out managers, owners and counterparties of failed banks. In a speech on Friday, March 6, Thomas Hoenig , President of the Kansas City Fed, argued strongly...

Posted to TT's Lost in Tokyo by TokyoTom on Mon, Mar 9 2009

Filed under: moral hazard, limited liaiblity, Fed, banks

Prices and Production: Lecture I, Part III

Once the historical timeline arrives at Knut Wicksell, it no longer becomes productive chronologically, following the ways by which his theories were transformed. Instead, it is best to assess the errors of the Wicksellian theory, and to follow the necessary...

Posted to The Critiques: An Analysis by laminustacitus on Sat, Mar 7 2009

[Update] Rot at the core: Paul Volker notes that something is wrong with incentives, but can`t quite put his finger on it; guess that means MORE regulation

[Update: Links fixed] Bloomberg reported on March 6 that Former Fed Chairman Paul Volker, in proposals to the Obama administration regarding financial regulatory reform that were included in a January report he wrote with the "Group of 30",...

Posted to TT's Lost in Tokyo by TokyoTom on Sat, Mar 7 2009

Filed under: limited liability, moral hazard, Volker

Rot at the core: Fed Vice Chair Don Kohn`s Senate testimony reveals the Fed’s moral hazard maximizing strategy (h/t Willem Vuiter at the FT)

The March 6 Financial Times has a great piece by Willem Vuiter , professor at the LSE and former chief economist of the EBRD, that completely rips the Fed`s bailout of AIG`s credit default swap counterparties, as emblembatic of the epidemic of moral hazard...

Posted to TT's Lost in Tokyo by TokyoTom on Sat, Mar 7 2009

Filed under: bailouts, limited laibility, moral hazard

[Fixed] Exxon/Rex Tillerson: No longer willing to be "conservative" on climate risks, advocates carbon taxes and invests in carbon-lite tech

[Somehow most of my excerpts of Tillerson`s speech weren`t included in my first try; there`re here this time.] It may still seem novel to some, but Exxon Mobil Corporation began throwing its weight behind carbon pricing policies more than two years ago...

Posted to TT's Lost in Tokyo by TokyoTom on Sat, Mar 7 2009

Filed under: carbon pricing, Exxon, climate change, Bradley, Tillerson

Cool new visuals.

In the closing pages of Calculation and Coordination , Boettke includes the basic correlations between GDP and a variety of "real" -ly important social variables: sanitation, education, life expectancy, and infant mortality among others. The...

Posted to Austrian Addiction by Austrian Addiction on Fri, Mar 6 2009

Filed under: energy, maps, environment, gdp

H-1B visas and layoffs

I just read: Nationalism Before Productivity & Quality over on the LRC blog by Karen DeCoster and that has reminded me of something that I wanted to point out. I'd like to go a bit deeper drawing from my own experiences. While the political hacks...

Posted to Bracket Bending by Brent the bracket bender on Fri, Mar 6 2009

How good we have it?

Arnold Kling links to Mark Perry showing off some real term growth figures: In 1950, it would have taken almost 8 months of full-time work at the average manufacturing wage to earn the $1,650 needed to purchase the 16 items above at the retail prices...

Posted to Austrian Addiction by Austrian Addiction on Fri, Mar 6 2009

Filed under: Technology, capital theory

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The Religious Right and the Republican Revolution

The Conservative Conundrum

Overlooked by those warmed by climate rhetoric ("alarmist" or "denialist") - the fact that our most important commons have NO property rights rules

[Update] Rot at the Core: Rob Bradley at "free market" MasterResource blog shows his true colors as a rent-seeker for fossil fuels

Start-Up Promises More Game Realism

Rot at the core: federally-owned TVA's massive coal flyash spill - the TVA "protects" affected residents by hassling/arresting the volunteers who help them

Nationalization, regulation and economic reality

Rot at the Core: KC Fed Pres. Hoenig says "Too Big has Failed", and calls for receivership of failed banks / end to bailouts

Prices and Production: Lecture I, Part III

[Update] Rot at the core: Paul Volker notes that something is wrong with incentives, but can`t quite put his finger on it; guess that means MORE regulation

Rot at the core: Fed Vice Chair Don Kohn`s Senate testimony reveals the Fed’s moral hazard maximizing strategy (h/t Willem Vuiter at the FT)

[Fixed] Exxon/Rex Tillerson: No longer willing to be "conservative" on climate risks, advocates carbon taxes and invests in carbon-lite tech

Cool new visuals.

H-1B visas and layoffs

How good we have it?