Blogs

Record Profits for Oil Companies...What Does it Mean?

With oil companies earning record profits, there have been calls for a "windfall profits" tax to be placed on them by the government. From an economic point of view, this totally ignores the meaning of profits and losses. Oil company profits...

Posted to Love of Liberty by ChrisR on Mon, Aug 4 2008

Filed under: supply and demand, oil

Climate change AND the Forest Service's perfect budgetary firestorm

On a Mises blog thread last year , I noted: controlled burns might of course be useful in some places, especially along the WUI (wildland-urban interface), but Randal O`Toole at Cato has done a good job showing that generally fuel accumulation is not...

Posted to TT's Lost in Tokyo by TokyoTom on Mon, Aug 4 2008

Filed under: AGW, climate change, wildfires, Cato, USFS, forests, O'Toole

Find the Austrian Theory for This Factor Price

A single worker can, in one hour, produce a paperweight as described below. Find the Austrian Theory that deals with the wage rate that the worker earns. Paperweight Description : Name - FRN-Brick Paperweight Market Price - $200 Manufacturing Process...

Posted to Austrian Analysis by Anecdote by Don Lloyd on Sun, Aug 3 2008

Filed under: factor, wages

Explorations in teleocentric forms of ethics

Recently, I’ve taken up reading again in my free time. Currently, I am half-way through the excellent Norms of Liberty by Douglas Rasmussen and Douglas den Uyl. I’m not going to review the book here or engage in a full summary of their views...

Posted to Veritas Veritatum. by Jon Irenicus on Sat, Aug 2 2008

Filed under: Aristotle Den Uyl Rasmussen Virtue Ethics Property Liberalism

Paul Krugman: "The only way we’re going to get action ... is if those who stand in the way of action come to be perceived as not just wrong but immoral."

Paul Krugman reaches the above conclusion in his August 1 New York Time op-ed , which asks "Can This Planet Be Saved?" , while discussing the latest work by economists on the cost-benefit analsys of taking action to mitigate potential climate...

Posted to TT's Lost in Tokyo by TokyoTom on Fri, Aug 1 2008

Filed under: climate, AGW, carbon pricing, fossil fuels, Weitzman, Krugman

Gene Callahan: public moral opprobrium is an appropriate non-statist lever against climate change

I previously noted Gene Callahan`s interesting essay , "How a Free Society Could Solve Global Warming" , in the October 2007 issue of The Freeman: Ideas on Liberty , at the website of The Foundation for Economic Education (FEE). While I haven...

Posted to TT's Lost in Tokyo by TokyoTom on Fri, Aug 1 2008

Filed under: AGW, Callahan, climate change, moral pressure

Ron Bailey/Reason: Gore's proposal to generate all power carbon-free in 10 years requires trillion$ on nukes

On July 17, Al Gore challenged our nation to produce " 100 percent of our electricity from renewable energy and truly carbon-free sources within 10 years ". Ron Bailey , science correspondent of Reason online , has examined whether Gore's...

Posted to TT's Lost in Tokyo by TokyoTom on Wed, Jul 30 2008

Filed under: rent-seeking, republicans, gore, war, AGW, Ron Bailey, carbon pricing, climate change, nuclear

More carbon tax advocacy, this time from Jerry Taylor/Cato, in a piece criticizing Pickens' plan

Jerry Taylor , a senior fellow at the Cato Institute , published a pithy criticism in last week's Financial Post of T. Boone Pickens' plan to get wind subsidies and other favors from Congress; said Taylor: "Virtually every claim made by T...

Posted to TT's Lost in Tokyo by TokyoTom on Wed, Jul 30 2008

Filed under: climate, AGW, carbon pricing, Pickens, Jerry Taylor, Cato, wind

Bootleggers and Baptists in Texas and DC: Texas sells Pickens eminent domain powers and wind power transmission rights for his personal 8-acre "water district", while Sierra Club helps to push wind subsidies

[Update: David Zetland at his Aquanomics blog has linked to my piece , astutely noting that if one applies Bruce Yandle `s "Bootleggers and Baptists" metaphor to Pickens' campaign for wind power and transmission subsidies, Pickens as Bootlegger...

Posted to TT's Lost in Tokyo by TokyoTom on Wed, Jul 30 2008

Filed under: climate change, water rights, subsidies, Pickens, wind, Texas

Presidents & Technology

It appears John McCain has admitted to not being able to use a computer. I've seen several conversations on the Internet about this subject....on why it is (or isn't) important that he know how to use computers. I personally could care less. My...

Posted to Love of Liberty by ChrisR on Tue, Jul 29 2008

Filed under: President, technology

Breaking the impasse on ANWR and OCS exploration and development Part II; a response to Bob Murphy

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Posted to TT's Lost in Tokyo by TokyoTom on Tue, Jul 29 2008

Filed under: carbon pricing, climate change, Coal, ANWR, government ownership, OCS

Inflation "Targeting"

What if the Fed set a goal for themselves to contain inflation at 3%? Let's assume (and this is a huge assumption) that government can control its spending to the point where 3% inflation is maintained. Is this the ticket to success? Well let's...

Posted to Love of Liberty by ChrisR on Mon, Jul 28 2008

Filed under: inflation, federal reserve

The Pluralism of Liberty

The concept of individual liberty, consistantly applied, would seem to have pluralistic implications. For it leaves room for anyone to act as they please within the context of voluntary interpersonal relations, and by its very nature a society consists...

Posted to Brainpolice by Brainpolice on Mon, Jul 28 2008

Filed under: Monopoly, Subjective Value, Aesthetics, Collectivism, Free Association, Pluralism

Is it Greenspan's Fault?

Greenspan's book has been released, and it just so happens the recession that he helped create is occuring at the same time. I've been reading a lot of complaints about the many mistakes that Greenspan made as Fed Chairman. But how much blame...

Posted to Love of Liberty by ChrisR on Sun, Jul 27 2008

Filed under: business cycles, greenspan, federal reserve

My Thoughts on "Cash For Clunkers"

Alan S. Blinder wrote a piece for the NY Times , in which he suggests the government buy up old vehicles ("clunkers") and scrap them in order to stimulate the economy, help the environment, and improve income inequality. I'd like to comment...

Posted to Love of Liberty by ChrisR on Sat, Jul 26 2008

Filed under: interventionism

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Record Profits for Oil Companies...What Does it Mean?

Climate change AND the Forest Service's perfect budgetary firestorm

Find the Austrian Theory for This Factor Price

Explorations in teleocentric forms of ethics

Paul Krugman: "The only way we’re going to get action ... is if those who stand in the way of action come to be perceived as not just wrong but immoral."

Gene Callahan: public moral opprobrium is an appropriate non-statist lever against climate change

Ron Bailey/Reason: Gore's proposal to generate all power carbon-free in 10 years requires trillion$ on nukes

More carbon tax advocacy, this time from Jerry Taylor/Cato, in a piece criticizing Pickens' plan

Bootleggers and Baptists in Texas and DC: Texas sells Pickens eminent domain powers and wind power transmission rights for his personal 8-acre "water district", while Sierra Club helps to push wind subsidies

Presidents & Technology

Breaking the impasse on ANWR and OCS exploration and development Part II; a response to Bob Murphy

Inflation "Targeting"

The Pluralism of Liberty

Is it Greenspan's Fault?

My Thoughts on "Cash For Clunkers"