There was a great short article in Forbes Magazine November 10 by George Leef. It also brought back memories from my law school days when I wrote about a very similar topic. Leef’s article was about the Raisin Administrative Committee—yes you read it correctly a Federal agency named the Raisin Administrative Committee. If only it […]
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Heard It Through the Grapevine
13 Nov 2014
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What are Republicans Saying? Nothing Much Yet.
11 Nov 2014
Something was missing from the recent Republican campaign efforts. Though they did retake the Senate and several governor’s mansions, most were strangely silent on what might have been some winning issues. These included Obamacare, school reform and reforming bureaucracy and regulation. Obamacare did receive some attention, which is good, and all the new senators vowed […]
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Armistice Day
11 Nov 2014
On the eleventh hour of the eleventh day in the eleventh month of 1918, an armistice ended World War 1. More than 9 million soldiers died in the war, with 20 million wounded. The war ended but a generation was lost or crippled. At the Battle of the Somme, the British alone suffered more than […]
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The Walls Came Down
09 Nov 2014
Imagine a government so twisted and evil it had to build a wall to keep “citizens” from fleeing. Imagine next what it was like to watch the Berlin Wall come down. The moment was emotional for all Cold War Kids, of which I was one, but I cannot imagine the impact for those who grew […]
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Coke vs. Pepsi V
09 Nov 2014
The debate between the economists reminds me of a long-past humorous saying about the dismal practitioners (only teasing there): “If you laid all the economists of the world end-to-end they would never reach a conclusion.” I guess they still haven’t regarding this question of whether the Republicans and Democrats are essentially different or the same. […]
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Coke vs. Pepsi IV
07 Nov 2014
There are few things more fun than sitting back and watching economists fight. My good colleagues Drs. Wheeler and Haymond are in the midst of a tussle over the differences, or lack of differences, between our political parties. Their back and forth is worth a read. In some ways, this is the argument between those […]
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Coke v. Pepsi III
06 Nov 2014
Fellow Berean Jeff Haymond responded to a post I made on election day on what I see as very distinct similarities between Republicans and Democrats on economic issues. Rather than commenting on Jeff’s post by responding in the text box underneath his post I’d like to include a couple of diagrams. In order to include those diagrams […]
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In a provocative post, Berean Bert Wheeler suggested that there is not much difference between Republicans and Democrats, at least economically. I understand the urge to think this, and I certainly agree given my frustrations with both parties; “a pox on them all.” But to say there is no real substantive difference between the parties […]
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Another Great One Dies
05 Nov 2014
Gordon Tullock died the other day. He was about 92. For those who didn’t know, Tullock was a founder of the Public Choice School of economic thought, famous for its use of microeconomic principles applied to problems of government, in particular government failure. Tullock was known as the “inventor” of the concept of rent-seeking, known […]
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Mandate for Republicans?
05 Nov 2014
The Grand Old Party had an excellent night. As of now, Republicans have tightened their grip on the U.S. House, 246-181 with 8 races undetermined, and stormed the gates of the U.S. Senate, picking up at least seven seats with a good possibility of two still pending in Alaska and Louisiana (which will go to […]