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

    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.

  • Ain’t it the truth?

  • A good friend of mine is passionate about this issue. I don’t know a thing about it, so this might be a good place to get a critical point of view. Remember that pollution is a violation of property rights….

  • I wrote on facebook: “Take a few minutes of your day to help the economy by learning how it works. Then share what you’ve learned with all of your friends! Ron Paul predicted the economic collapse of 2008 using the same theory. Won’t you take a closer look?”

    A critic validly responded that “unheeded prophet” routine does not prove much when the economy goes through cycles. Fair enough. Instead of heeding the prophet for prophecy’s sake, go ahead and look at the causes that these prophets describe and ask yourself whether those causes might reasonably lead to the effects that we have witnessed in our economy.

  • You don’t know whether to laugh or puke.

  • The state regulation reads:

    Sites must provide breakfast and/or snacks and lunch meeting USDA requirements during the regular school day. The partial/full cost of meals may be charged when families do not qualify for free/reduced price meals.

    When children bring their own food for meals and snacks to the center, if the food does not meet the specified nutritional requirements, the center must provide additional food necessary to meet those requirements.

  • “This isn’t a command performance,” she says. “If people didn’t want to buy Hallmark cards, they would not be bought, and Hallmark would go out of business.”

  • This article celebrates a victory union workers over the bosses that would not have occurred without the help of Occupy protesters blocking a port. I lost interest in the article after the first paragraph, wherein it was written:

    [The union workers] had been replaced by other grain elevator operators in violation—as claimed by the ILWU—of a contract EGT had signed with the Port.

    That’s it for the contract dispute. There is no reading of the contract because, in the author’s apparent view, the union’s reading of the contract deserves the benefit of every doubt. I don’t agree with that. Therefore, I continue reading without a clear sense of which side I should be rooting for.

    Later in the article, the author cites other instances of private businesses caving to public pressure. I read these examples as to the credit of private industry. How long does government usually take to “sign new contracts” with its subjects upon public pressure?

  • Vodpod videos no longer available.

    Fair enough. Now go around and ask the governors of the colonies….

  • I keep putting off reading this. It’s bound to be interesting.

Posted from Diigo. The rest of my favorite links are here.

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