Thursday, September 29, 2011

Talking in Circles

The above graphic is a network analysis of linking patterns of liberal (blue) and conservative (red) blogs.
Discussing issues with people who generally agree with you can help to flesh out the details--but if you don't interact with people who disagree, you may miss a part of the skeleton required for structural stability.

Tuesday, September 27, 2011

Coca-Cola chief criticises US tax rules

Coca-Cola now sees the US becoming a less friendly business environment than China, its chief executive has revealed, citing political gridlock and an antiquated tax structure as reasons its home market has become less competitive...
“In the west, we’re forgetting what really worked 20 years ago. In China and other markets around the world, you see the kind of attention to detail about how business works and how business creates employment.”High quality global journalism requires investment...
Mr Kent said that US tax burdens and political polarisation were creating uncertainty for businesses and hurting investment.

--FT By Alan Rappeport in New York

Wednesday, September 21, 2011

Thursday, September 15, 2011

Welfare and Tyranny

"The welfare of the people in particular has always been
the alibi of tyrants, and it provides the further advantage
of giving the servants of tyranny a good conscience."
-- Albert Camus
(1913-1960) French Algerian author

HT Liberty Quotes

Sunday, September 11, 2011

I will never forget.

                       The Statues of Liberty

Friday, September 9, 2011

American Jobs Bill: Takes money from those who could create wealth and gives it to those who consume it.

The President gave a very effective speech....if you listened only to what he said and ignore what he didn't say. He continues to operate from the erroneous Keynesian perspective that the economic problem to solve is not enough consumption, ignoring the fact that without efficient production of real value, there is nothing to consume. Consumers must first produce value if what we want is wealth-creating, win-win exchanges. Instead, what President Obama offered last night is more wealth redistribution: take money from those who know how to create wealth and give it to people who know how to spend it. It's a recipe for continued economic stagnation.

Our country is in an economic pickle after decades of massive public funding of economic goods such as roads, bridges, education and health care. It is all too easy to see what currently exists and ask for more. It is much more challenging to see what could have existed if government had stuck to its proper limits and allowed the market to supply these goods. What we need is a president with more confidence in freedom, a better understanding of the benevolent benefits of capitalism and a greater appreciation of the destructive effects of central planning.

Thursday, September 8, 2011

When is rationing not rationing?

Healthcare Rationing George Orwell-Style

by yours truly on  9-4-11

When is rationing not rationing, a mandate not a mandate and price-fixing not price fixing?
When the government says so.

Monday, September 5, 2011

Steve Jobs, Philanthropist

There have been a lot of articles recently about Steve Jobs, but so far, this is my favorite.

Steve Jobs, World's Greatest Philanthropist

The word philanthropy comes from the Greek philanthropos which comes from philein for "to love" and anthropos for "human being." Philanthropy means love of humanity. Which brings me to Steve Jobs....What a loss to humanity it would have been if Jobs had dedicated the last 25 years of his life to figuring out how to give his billions away, instead of doing what he does best... 
What's important is how we use our time on this earth, not how conspicuously we give our money away. What's important is the energy and courage we are willing to expend reversing entropy, battling cynicism, suffering and challenging mediocre minds, staring down those who would trample our dreams, taking a stand for magic, and advancing the potential of the human race.
On these scores, the world has no greater philanthropist than Steve Jobs. If ever a man contributed to humanity, here he is.

Be sure to read the whole article and click through on the links which show how Apple's technology is revolutionizing what the rest of us can accomplish. Talk about economic multipliers!!

Then, read this piece by a doctor-turned-patient and how his iPad made a huge difference in how he experienced his recent injury, surgery and hospitalization.

Now, think about all the other heroes of the business world who are currently vilified as the "greedy rich"  who need to be taxed more because they aren't contributing their "fair share."

Ludicrous,  isn't it?


Not just tyranny, Alexis, but also the nanny state

"[Tyrannical] power is absolute, minute, regular, provident and mild. It would be like the authority of a parent if, like that authority, its object was to prepare men for manhood; but it seeks, on the contrary, to keep them in perpetual childhood: it is well content that the people should rejoice, provided they think of nothing but rejoicing. For their happiness such a government willingly labors, but it chooses to be the sole agent and the only arbiter of that happiness; it provides for their security, foresees and supplies their necessities, facilitates their pleasures, manages their principal concerns, directs their industry, regulates the descent of property, and subdivides their inheritances: what remains, but to spare them all the care of thinking and all the trouble of living?"

-- Alexis de Tocqueville (1805-1859) French historian

Even when the stated intent is security and protection, the end result of the nanny state is to "spare them all the care of thinking and all the trouble of living."


Friday, September 2, 2011

Market vs. Government Failure

Excellent WSJ editorial by a Nobel laureate in economics----not that that always means anything.

The Great Recession and Government Failure

When comparing the performance of markets to government, 

markets look pretty darn good.