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Give Us Your Engineers, Yearning to Innovate | Daniel Griswold | Cato Institute: Commentary: 'For the government, educated immigrants are pure gravy. Because of their higher salaries and low unemployment rates, they pay more in taxes than they consume in government services from Day One. According to an authoritative study by the National Research Council, each college-educated immigrant and his or her descendants represent a $198,000 fiscal gain (in net present value) for the United States. That means a boost of 50,000 such immigrants in a year would be equivalent to retiring almost $10 billion in government debt.'
'foreign students account for three-fourths of doctorates awarded by U.S. universities in mathematics, computer science and engineering, three-fifths of doctorates in physical sciences, and one-half of doctorates in life sciences. "Today, the difficulty is not in attracting top foreign students to America," Mr. Hanson writes, "but in keeping them here after they graduate."'
'America's immigration system sends the signal to those foreign-born students with valuable skills that we would really prefer that they return to China or India to start companies and file international patents rather than remain here in the United States. And if U.S. companies cannot hire the workers they need here, they eventually will relocate their productive facilities to nations where they can.'
Wednesday, November 16, 2011
Tuesday, November 15, 2011
I Don't Know - Leonard Read - Mises Daily
I Don't Know - Leonard Read - Mises Daily: 'A person can no more explain how the free market would attend to mail delivery than his great-grandfather could have explained how television could ever emerge from free-market forces!'
'How would the free market attend to mail delivery were the postal service desocialized? I don't know! Nor could anyone have known 100 years ago how the free market would develop the means to deliver the human voice from city to city. But take note of these facts: we have maintained mail delivery as a socialized operation; its service is getting worse, not better; its costs and prices are increasing, not decreasing; since 1932 it has accumulated an acknowledged deficit of $10 billion, and the deficits increase annually.[4]
Voice delivery, on the other hand, has been improving. Just a century ago the human voice could be delivered at the speed of sound, but only the distance two people could understand each other's shouting. Today, the human voice is delivered at the speed of light; and as to distance, it's any place on earth — you name it! The service has improved enormously; and the cost has decreased steadily.
In human-voice delivery, free-market forces have been more or less operative. No one could have predicted in 1865 what form these forces would take during the next hundred years. Even more remarkable, no one can describe how the miracles were performed after the fact. Once we realize that we cannot explain what has happened, it becomes obvious that we can never explain what will happen.'
'How would the free market attend to mail delivery were the postal service desocialized? I don't know! Nor could anyone have known 100 years ago how the free market would develop the means to deliver the human voice from city to city. But take note of these facts: we have maintained mail delivery as a socialized operation; its service is getting worse, not better; its costs and prices are increasing, not decreasing; since 1932 it has accumulated an acknowledged deficit of $10 billion, and the deficits increase annually.[4]
Voice delivery, on the other hand, has been improving. Just a century ago the human voice could be delivered at the speed of sound, but only the distance two people could understand each other's shouting. Today, the human voice is delivered at the speed of light; and as to distance, it's any place on earth — you name it! The service has improved enormously; and the cost has decreased steadily.
In human-voice delivery, free-market forces have been more or less operative. No one could have predicted in 1865 what form these forces would take during the next hundred years. Even more remarkable, no one can describe how the miracles were performed after the fact. Once we realize that we cannot explain what has happened, it becomes obvious that we can never explain what will happen.'
Four Policies: The Original Intent - Brian Anderson - Mises Daily
Four Policies: The Original Intent - Brian Anderson - Mises Daily: 'In the Politics, Aristotle explains the character of law well. He recommends that there be as few laws as possible, and that they be altered as seldom as possible. The reason for this is that law should be an extension of our normal sense of right and wrong, so that people can observe it, for the most part, simply by living what they regard as morally upright lives.… The less frequently it changes and the more permanence it has, the more citizens will feel reverence for it.'
'Sustainable Planning' Is Not So Sustainable | Randal O'Toole | Cato Institute: Commentary
'Sustainable Planning' Is Not So Sustainable | Randal O'Toole | Cato Institute: Commentary: 'Since 1980, Portland has spent more than $3 billion building light-rail lines. Far from improving transit, the share of commuters taking transit to work has fallen from 9.8 percent in 1980 to 7.5 percent today, mainly because the region cut bus service to pay for the trains. Traffic congestion quadrupled between 1984 and 2004, which planners say was necessary to get people to ride transit.
The region's housing policies made single-family homes so expensive that most families with children moved to distant suburbs where they can afford a house with a yard. Residents of subsidized high-density housing projects drive just about as much as anyone else in the Portland area, and developers have learned to their sorrow that if they follow planners' guidelines in providing less parking for these projects, they will end up with high vacancy rates.
Despite these problems, Portland has received lots of positive publicity. The reason for this is simple: By forcing out families with children, inner Portland is left mainly with young singles and childless couples who eat out a lot, making Portland a mecca for tourists who like exciting new restaurants. This makes Portland a great place to visit, but you wouldn't want to live there unless you like noisy, congested streets.'
The region's housing policies made single-family homes so expensive that most families with children moved to distant suburbs where they can afford a house with a yard. Residents of subsidized high-density housing projects drive just about as much as anyone else in the Portland area, and developers have learned to their sorrow that if they follow planners' guidelines in providing less parking for these projects, they will end up with high vacancy rates.
Despite these problems, Portland has received lots of positive publicity. The reason for this is simple: By forcing out families with children, inner Portland is left mainly with young singles and childless couples who eat out a lot, making Portland a mecca for tourists who like exciting new restaurants. This makes Portland a great place to visit, but you wouldn't want to live there unless you like noisy, congested streets.'
Are Government Jobs Productive? - Ryan P. Long - Mises Daily
Are Government Jobs Productive? - Ryan P. Long - Mises Daily: 'Thus, the impact of paying government employees is to transfer economic resources from the production of economic goods and services to the performing of services for which there is no market demand.'
DOJ: Lying on Match.com needs to be a crime | Privacy Inc. - CNET News
DOJ: Lying on Match.com needs to be a crime | Privacy Inc. - CNET News: 'the Justice Department argues that it must be able to prosecute violations of Web sites' often-ignored, always-unintelligible "terms of service" policies.'
Should violating a TOS be a federal felony?
Should violating a TOS be a federal felony?
Friday, November 11, 2011
Call to Action | Docs | NYC General Assembly # Occupy Wall Street
Call to Action | Docs | NYC General Assembly # Occupy Wall Street: 'Occupy Wall Street is a people’s movement. It is party-less, leaderless, by the people and for the people.'
'Any statement or declaration not released through the General Assembly and made public online at www.nycga.net should be considered independent of Occupy Wall Street.'
'Any statement or declaration not released through the General Assembly and made public online at www.nycga.net should be considered independent of Occupy Wall Street.'
Thursday, November 10, 2011
Visible Projects, Hidden Destruction - Ralph Reiland - Mises Daily
Visible Projects, Hidden Destruction - Ralph Reiland - Mises Daily: 'In fact, once creating jobs is viewed as the chief purpose of government spending, said Hazlitt, a project with more waste and more inefficiency in its implementation, and less labor productivity, will be viewed as superior to a less wasteful project. The "more wasteful the work, the more costly in manpower," he explained, "the better it becomes for the purpose of providing more employment."
A key fallacy in this thinking, Hazlitt explained, is that it ignores the incomes, the wealth, and the jobs that are "destroyed by the taxes imposed to pay for that spending." What's visible is the new school or new road, but what is unseen are those things that were lost through higher taxation, the unbuilt homes and unbuilt cars that don't exist because of the money that was redistributed away from those who earned it in order to pay for inefficient make-work projects. What is unseen are the unbuilt stores and unbuilt factories, the uninvested funds and the new enterprises that would have been created.'
'Rep. Don Young (R-Alaska), for instance, likes the idea of the rest of us paying $315 million to build a useless and costly bridge in rural Alaska to an island with only 50 residents, an island that's already sufficiently accessible via a seven-minute ferry ride.
Giving a free $2 million yacht to every man, woman, and child on the island would have been $215 million cheaper than the bridge, but Rep. Young was chairman of the House Transportation and Infrastructure Committee, not the owner of a yacht company.'
A key fallacy in this thinking, Hazlitt explained, is that it ignores the incomes, the wealth, and the jobs that are "destroyed by the taxes imposed to pay for that spending." What's visible is the new school or new road, but what is unseen are those things that were lost through higher taxation, the unbuilt homes and unbuilt cars that don't exist because of the money that was redistributed away from those who earned it in order to pay for inefficient make-work projects. What is unseen are the unbuilt stores and unbuilt factories, the uninvested funds and the new enterprises that would have been created.'
'Rep. Don Young (R-Alaska), for instance, likes the idea of the rest of us paying $315 million to build a useless and costly bridge in rural Alaska to an island with only 50 residents, an island that's already sufficiently accessible via a seven-minute ferry ride.
Giving a free $2 million yacht to every man, woman, and child on the island would have been $215 million cheaper than the bridge, but Rep. Young was chairman of the House Transportation and Infrastructure Committee, not the owner of a yacht company.'
When Does a Baby Become a Person? | Doug Bandow | Cato Institute: Commentary
When Does a Baby Become a Person? | Doug Bandow | Cato Institute: Commentary: 'Abortion is not a choice to be made. Rather, it is flight from responsibility for a choice previously made.'
Obama's New War in Uganda | Doug Bandow | Cato Institute: Commentary
Obama's New War in Uganda | Doug Bandow | Cato Institute: Commentary: 'President George H.W. Bush had Panama and Iraq. President Bill Clinton intervened in Somalia, Haiti, Bosnia, and Kosovo. President George W. Bush invaded Afghanistan and Iraq. President Obama adopted Afghanistan as his own, before adding Libya and now Uganda.
These conflicts had surprisingly little to do with American security. Only Afghanistan — the initial phase, targeting al-Qaeda for 9/11 and punishing the Taliban regime for hosting Osama bin Laden — was a defensive action. The first Gulf War responded to aggression, but not against the U.S.
Most of the other interventions were militarized social work, intervening where the U.S. had little or no plausible security interest. Unfortunately, rarely did the humanitarian consequences match the initial expectations.'
These conflicts had surprisingly little to do with American security. Only Afghanistan — the initial phase, targeting al-Qaeda for 9/11 and punishing the Taliban regime for hosting Osama bin Laden — was a defensive action. The first Gulf War responded to aggression, but not against the U.S.
Most of the other interventions were militarized social work, intervening where the U.S. had little or no plausible security interest. Unfortunately, rarely did the humanitarian consequences match the initial expectations.'
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