Kathleen Blanco is trying to get the understandably hesitant insurance companies to issue more policies in hurricane-prone areas. She says that “there is no silver bullet” to solving the “problem” of lack of insurance.
He says that we are running a sweat shop around here!
The WashTimes has a piece on Bob Smither who is making life difficult for the Repubs and Dems in Texas. But what interests me is his quote machine at the bottom of the page. The code is here.
Which picture is a picture of real economics? Dale Jorgenson of Harvard with his math on the board or the late great Murray Rothbard with the name of Turgot on the board?
The Financial Times announces the end of libertarianism as a political force. Evidence: the failure of soc-sec privatization, and individual health-care accounts. Problem: neither of these were really libertarian ideas.
The absurdity of intellectual property is starkly illustrated by a new campaign of the Music Publishers’ Association (MPA). Having gone after lyric sites on the Internet they are now shutting down sites that publish, get ready for this, guitar tablature (sheet music for guitars of popular songs).
To the great majority of those who today consider themselves to be supporters of Austrian economics, any suggestion that there are cases in which the direct, immediate determinant of price is cost of production is likely to be greeted as though it were indicative of such profound ignorance as to be cause for scandal. These “Austrians” believe that the prices of factors of production—labor, land, and capital goods of all descriptions—are determined by the prices of their respective products and can never determine the prices of their products.
