The study of the laws of economics has been greatly aided by the development of the idea of the evenly rotating economy (ERE) as an artificial construct wherein the world is held constant in a changeless and endless round of the same repetitive, mindless activities and transactions.
Fox News is reporting on the White House’s plan to keep us save from a flu or other pandemic:
With seemingly everyone complaining about gasoline prices, I have heard the words greed and greedy used more frequently now than I can ever remember. But I have noticed that accusations of greed are logically inconsistent, yet consistent in expanding government power to coerce some on behalf of others.
You have to read this fascinating piece on Zimbabwe in the NYT: “How bad is inflation in Zimbabwe? Well, consider this: at a supermarket near the center of this tatterdemalion capital, toilet paper costs $417. No, not per roll. Four hundred seventeen Zimbabwean dollars is the value of a single two-ply sheet. A roll costs $145,750 — in American currency, about 69 cents.... Mr.
It has long been expected since Morales’ election, notes the Washington Post:
Today’s New York Times carries a piece by Krugman called “Death by Insurance.” It’s a rant in favor of the “single-payer system,” i.e., explicit socialized medicine along the lines of Canada and other countries. The article concludes with the words:
