Tuesday, May 24, 2011

The Good Krugman - James E. Miller - Mises Daily

The Good Krugman - James E. Miller - Mises Daily: "the complaints about the 'decline in U.S. manufacturing' are really a somewhat-misguided acknowledgment of the global shift in production that has taken place since we entered the Information Age with the commercial introduction of the microchip in 1971 and gradually left the Machine Age behind. When we complain that 'nothing is made here anymore,' it's not so much that somebody else is making the stuff we used to make as it is the case that we (and others around the world) just don't need as much 'stuff' any more in relation to the overall size of the economy."

Sound, Fury and the Policy of Climate Change | Patrick J. Michaels | Cato Institute: Commentary

Sound, Fury and the Policy of Climate Change | Patrick J. Michaels | Cato Institute: Commentary: "If, by 2050, the U.S. reduces its per-capita emission of carbon dioxide to what it was at the end of the Civil War, and the rest of the developed world does similarly, prospective global warming would drop by a grand total of 7%, 100 years from now. This assumes that the 'sensitivity' of surface temperature to a doubling of atmospheric CO-2 is 5.4 degrees, a commonly used value that may be way too high"

Tort Reform and the GOP's Fair-weather Federalism | Randy Barnett | Cato Institute: Commentary

Tort Reform and the GOP's Fair-weather Federalism | Randy Barnett | Cato Institute: Commentary: "if Congress now can regulate tort law, which has always been at the core of state powers, then Congress, and not the states, has a general police power.

This issue concerns constitutional principle, not policy: the fundamental principle that Congress has only limited and enumerated powers, and that Congress should stay within these limits."