A fun little absurdity — AOL has a teaser that purports to show how a celebrity salary feels to the working man or woman making $30K. According to the first slide, Angelina Jolie feels the cost of a $40 meal the same as $0.12 feels to the $15 per hour laborer. Absurd! Are they trying to tell me that after the waiter said, “I’m sorry, I just lost your meal.” Jolie would smile and forget the matter?
[This article is taken from chapter 21 of The Ethics of Liberty. Listen to this article in MP3, read by Jeff Riggenbach. The entire book is being prepared for podcast and download.]
[This article is taken from chapter 19 of The Ethics of Liberty. The full audiobook is available for download.]
[This article is taken from chapter 18 of The Ethics of Liberty.]
Statism resounds in the last two paragraphs of this article (NO subscription required) in this week’s Economist. The interesting story is a particularly stark example of how the use of cell phones can and does promote economic wellbeing, this in the Indian state of Kerala.
[This article originally appeared in the College of Nursing Art and Science Hyogo Bulletin, Vol. 14, 2007.]
The Problem Stated: Is “Nockian” a scientific or a literary term?
Recently some Federal Reserve officials such as Mishkin, Fisher, Lacker, Moskow, and Poole have voiced their support for setting inflationary targets. They believe that this will not only stabilize the rate of inflation but will also help to stabilize economic activity around sustainable levels. In short, setting targets could eliminate the menace of boom-bust cycles.
Walter Block articles recently put online, here:
Who says we don’t have price control? “Gas station owner told to raise prices“ (Thanks CJ)
