Lord Keynes was constantly worried that people were saving too much and consuming too little — thus the need for more and cheaper money to stimulate the economy. Mr. Bernanke is nothing if not a good Keynesian, and his low rates make even the savviest question whether to forgo consumption.
A new study by the Phoenix Center for the Advanced Study for Legal and Economic Policy Studies found that federal regulators cost taxpayers more than $200,000 each, but cost the economy over $6 million in jobs and productivity.
As reported on Wired, “The House of Representatives voted Friday to overturn net neutrality rules created by the FCC in December.” Obama said he will veto it.
Net Neutrality is complicated. It’s hard for some libertarians to figure out where to stand on it.
Here’s how I view it:
If you oppose IP and don’t want a patent–just don’t apply. Unfortunately, someone else might independently invent the same thing, patent it, and shut you down, since your having invented it first, or independently invented it, is no defense. So, you might also want to lower your knickers and reveal your idea publicly, to lower the chance someone else can patent it (this is called defensive patent publishing).
Another Earth Hour has come and gone. So what can we learn from the fourth iteration of this event?
Earth Hour is a drain on resources. This is true since, if it were otherwise, companies that participated in the event would continue the practice of lights off after the event. So, clearly, the tangible costs of switching off lights are greater than the tangible benefits.
[Excerpted from For a New Liberty (1973)]
The only reason this nonsense is sustainable is due to the promise of the Federal Reserve to back all this spending with money creation.
