Friday, July 08, 2011

The Cruel Wreckage of Socialism - Frederic Bastiat - Mises Daily

The Cruel Wreckage of Socialism - Frederic Bastiat - Mises Daily: "every time we object to a thing being done by government, it concludes that we object to its being done at all. We disapprove of education by the state — then we are against education altogether. We object to a state religion — then we would have no religion at all. We object to an equality which is brought about by the state then we are against equality, etc., etc. They might as well accuse us of wishing men not to eat, because we object to the cultivation of corn by the state."

Michigan Resident Faces 93 Days in Jail For Vegetable Garden - FoxNews.com

Michigan Resident Faces 93 Days in Jail For Vegetable Garden - FoxNews.com: "The city is claiming that the garden violates a city code which states that front yards must consist of suitable, live plant material to which Bass responds, 'We think it's suitable.'"

Thursday, July 07, 2011

Red-Light Camera Feud Reveals Ulterior Motives by Fergus Hodgson

Red-Light Camera Feud Reveals Ulterior Motives by Fergus Hodgson: "The National Motorists Association notes that there are many ways to increase traffic-light safety without prosecution of drivers. For example, research from the Texas Transportation Institute suggests that increasing the amber light by one second reduces collisions by 40 percent. In fact, they found that the average run-in occurs when the light has been red for half a second or less, while almost every right-angle crash occurs after more than five seconds."

Wednesday, July 06, 2011

The Costs of Compulsory Education - Aaron Smith - Mises Daily

The Costs of Compulsory Education - Aaron Smith - Mises Daily: "The perils of state standards imposed on schools are akin to the shortcomings of centrally planned prices: no amount of research or expertise could possibly account for the infinite variables that define the wants and needs of unique consumers. The opportunity costs of failing to pursue areas of aptitude and interest are simply incalculable, and result in nothing but boredom and frustration for students"

"Compulsory-education laws invite further intrusions into our personal lives. Still, the left-liberal who supports marijuana decriminalization and the conservative who advocates for gun rights often fail to see this obvious relationship. Simply stated, à la carte liberty is veiled tyranny — it is impossible to sacrifice one right without putting others in danger."

Walmart and Discrimination - Robert P. Murphy - Mises Daily

Walmart and Discrimination - Robert P. Murphy - Mises Daily: "Most Americans don't have a particular preference for having a man versus a woman ring up their groceries at Walmart, and so they take claims of sexual discrimination seriously. But Americans on net do have a preference to be greeted at the door of a restaurant by a young, pretty woman, and that's why restaurants cater to that preference. This also explains why movie producers are willing to pay millions of dollars to gorgeous stars, even though less attractive thespians could give 'the same' performance for much less money."

"If analyzed, the reason for this different intuition would boil down to the fact that hiring pretty women as hostesses actually is a 'business decision' catering to customer preferences, whereas hiring pretty women as midlevel executive assistants is a 'personal decision' catering to the manager's preferences. The first practice makes the company more money, while the second squanders it."

"the free market automatically punishes 'bad' discrimination. Unlike under government laws, here there is no chance of a guilty party escaping his or her punishment — and the punishment itself is exactly proportional to the severity of the 'offense.'"

"f it really were true that hundreds of thousands of women were being systematically underpaid by Walmart, then Target and other stores could reap an enormous advantage by offering slight pay raises and inducing them all to quit."

Estonia, the Little Country That Could | Richard W. Rahn | Cato Institute: Commentary

Estonia, the Little Country That Could | Richard W. Rahn | Cato Institute: Commentary: "By 1987, it is estimated that the Finns were seven times richer per capita than the Estonians. But as a result of undertaking the most radical free-market reforms of any of the transition countries, the Estonians have been gaining on their Finnish neighbors, who also have continued to do well, and now have about two-thirds of the per capita income of the average Finn."

The Isolationist Charge: The Last Refuge of the Scoundrel | Doug Bandow | Cato Institute: Commentary

The Isolationist Charge: The Last Refuge of the Scoundrel | Doug Bandow | Cato Institute: Commentary: "McCain's ignorance is striking. He claimed that U.S. intervention stopped a slaughter in the city of Benghazi, even though Libya's Moammar Qadhafi had not committed mass killings in the other cities which he recaptured. And Qadhafi aimed his florid rhetoric at rebel fighters, not civilians."

Welfare before the Welfare State - Joshua Fulton - Mises Daily

Welfare before the Welfare State - Joshua Fulton - Mises Daily: "Mutual aid was particularly popular among the poor and the working class. For instance, in New York City in 1909 40 percent of families earning less than $1,000 a year, little more than the 'living wage,' had members who were in mutual-aid societies.[2] Ethnicity, however, was an even greater predictor of mutual-aid membership than income. The 'new immigrants,' such as the Germans, Bohemians, and Russians, many of whom were Jews, participated in mutual-aid societies at approximately twice the rate of native whites and six times the rate of the Irish.[3] This may have been due to new immigrants' need for an enhanced social safety net.

By the 1920s, at least one out of every three males was a member of a mutual-aid society.[4] Members of societies carried over $9 billion worth of life insurance by 1920. During the same period, 'lodges dominated the field of health insurance.'[5] Numerous lodges offered unemployment benefits. Some black fraternal lodges, taking note of the sporadic nature of African-American employment at the time, allowed members to receive unemployment benefits even if they were up to six months behind in dues.[6]"

Tuesday, July 05, 2011

China's Hard-Money History - Dan O'Connor - Mises Daily

China's Hard-Money History - Dan O'Connor - Mises Daily: "Trade and commerce between the Chinese and the people of Europe was very minimal until the 1600s. But despite being relatively isolated from each other, the people of these two far-off lands all adopted identical ways for conducting commerce — they used gold and silver as the preferred medium of exchange. Most importantly, gold and silver did not circulate throughout China by edict of the emperor or some central authority. The Chinese chose gold as their money because gold and silver have moneyish characteristics."

Peer Review and "Pal Review" in Climate Science | Patrick J. Michaels | Cato Institute: Commentary

Peer Review and "Pal Review" in Climate Science | Patrick J. Michaels | Cato Institute: Commentary: "What about if my professional advancement is dependent upon climate change monies (which applies to just about every academic or government climatologist)? I'm liable to really like a paper that says this is a horrible and important problem, and likely to rail against an author who says it's probably a bit overblown. May God have mercy on any manuscript that mentions the rather large elephant in the room, which is that we probably can't do much about it anyway."