Some Bunch O’ Links: Possibilianism; Greece; Portugal; Unheeded Prophets; others….

March 6, 2012
  1. I’m going to suggest that the next time someone says, “Well, you should just ‘cowboy up’ and commit to a decision,” we can say, “You know what? What I’d rather do is geek out.” And the idea with geeking out is, I’m going to be creative and come up with new narratives. I’m going to be comfortable holding multiple possibilities in mind.”

    I think this is good advice for learning economics. Some pairs of theories directly contradict each other. In those cases, you gotta pick one. Other theories don’t directly contradict each other. These could both be held in mind, and neither should be dismissed until better explanations are uncovered. One might weigh them. One might favor one of the other, but the other can not be dismissed until it is directly contradicted.

  2. Last May, Portugal received a $104 billion bailout from the European Union and International Monetary Fund, in exchange for deep spending cuts and structural reforms. … After a decade of easy credit, Portuguese are scrambling to make ends meet.

    Government can not keep bailing out and inflating ad infinitum. Recovery is a process. As Peter Schiff said, “Sometimes medicine tastes bad, but you have to swallow it.” Also, what else is government doing to thwart recovery? The article says debt keeps rising despite cuts. Why?

  3. I found this episode of This American Life to be helpful. If that broadcast is to be believed, then the dumbest economic policy of all was letting that vampire state Greece into the Eurozone in the first place.

Read the rest of this entry »


Links for June 21, 2010: Police Shoot Expenctant Father Dead Over Marijuana, The Economics of the Minimum Wage, others….

June 20, 2010
  1. The victims.

    “One of the problems that the marijuana reform movement consistently faces is that everyone wants to talk about what marijuana does, but no one ever wants to look at what marijuana prohibition does. Marijuana never kicks down your door in the middle of the night. Marijuana never locks up sick and dying people. Marijuana does not suppress medical research. Marijuana does not peek in bedroom windows. Even if one takes every reefer madness allegation of the prohibitionists at face value, marijuana prohibition has done far more harm to far more people than marijuana ever could.” ~ Richard Cowan

    … and Marijuana never shoots expectant fathers in the face for making “furtive movements”. If you are not speaking out against these tragedies, then you are telling our lawmakers that you tacitly approve of them. Spread the word, to your legislators and across your social networks, that you do not approve.

  2. It lays out the basic argument. Progressives might revile at the suggestion that the minimum wage is more that a worker “is worth”, but I think this ignores economic reality.  Read the rest of this entry »


Links for June 7, 2010: The Greecing of America, A Libertarian Answer to Oil Spills, Ayn Rand as a “Gateway Drug”, others….

June 6, 2010
  1. Debt crisis: Coming soon to a country near you…

  2. Greece PM threatens lawsuit against United States investment banks for their “role” in the Greek government’s uncontrolled spending spree. Whatever. In other news, the threat made Democracy Now! headlines, sans, of course, any reference to Greece’s massive public debt–apparently 113% of GDP. Maybe they already did a show on it??

  3. There has been an uneasy dearth of commentary from my favorite libertarian sources on the BP oil spill. Here is one of the best posts I’ve come across explaining what libertarianism could have done, and can still do, for the Gulf. Read the rest of this entry »


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