Links for August 1, 2011: Debt Stuff; A Block of MoJo; others….

August 1, 2011
  1. Hitting a debt limit is not the same as defaulting.

  2. Failure to raise the debt ceiling need not entail default; but it would still ding Uncle Sam’s credit rating.

    A more in depth discussion on the limit vs. default issue. I have not yet fully evaluated it.

  3. This is how Congress has been behaving for quite some time. Creditors may start to call soon.  Read the rest of this entry »


Links for Monday, June 20: China’s Economic Stimulus; Ludicrous RIAA Damages; What about NPR?; others…

April 17, 2011
  1. Stories about how China’s economy will soon surpass that of the U.S. should not be taken at face value. This is China’s economic stimulus project. This is what a government stimulus project is. A government stimulus project is when the government takes money and resources from the private sector and uses it to make and build things for which there is no genuine demand. Our American stimulus is of the same essential character. Ours is just a little more modest in scale.

  2. Here is a nice article from Niall Ferguson about the choice the American Government will make on our behalf in the near future: Raise taxes and/or cut government. Thomas E. Woods has argued that raising taxes will not solve the problem. There will have to be copious cutting.

  3. With juries like these, who needs dictators? Read the rest of this entry »


Links for November 16, 2010: Some Psychological Stuff, Some Fallacious Stuff, others….

November 14, 2010
  1. Another fascinating diatribe from Stefan Molyneux. My question is: does this not apply equally well to libertarians and anarchists? Is libertarianism not just another ideology?

  2. Large organizations, including government, which is of course the largest organization of all, have actually become completely disconnected with what actually matters to people. … What behavioral economics shows, time after time, is in human behavior and behavioral change there is a very strong disproportionality at work: that actually what changes our behavior and what changes our attitudes toward things is not actually proportional to the degree of expense entailed or to the degree of force that is applied.

  3. After invalidating more than 30,000 Nader-Camejo signatures on dubious and highly technical grounds – for example, because signers used informal names such as “Bill” instead of “William,” or because their current and registered addresses did not match – Commonwealth Court removed the candidates from the ballot. Then it ordered them to pay their challengers more than $80,000 in litigation costs.

  4. Read the rest of this entry »


Links for May 10, 2010: Orwellian tax amnesty ad, National debt up a cool tril since last fall, Lynne Abraham pooh-poohs new Philly marijuana arrest policy, others….

May 9, 2010
  1. Pennsylvania’s Department of Revenue has already shed the pretense that its residents do not live in an Orwellian State.  The voice should have gone on to say: “Ignorance of the law is no excuse, Tom. You know you have a civic duty to understand and abide by Pennsylvania’s Personal Income Tax Code. We’ve even put it online for you.”

  2. Former Philly DA Lynne Abraham: "Welcome to Philadelphia, Light Up a Joint."

    The national debt is pushing $13,000,000,000,000. Since the beginning of last November, the federal government spent has $1,000,000,000,000 more dollars that it did not have. I tell you, this health care bill had better take a huge-ass chunk off of the deficit, and fast.

  3. Hey, that’s great, Lynne. Just let us know when we can expect to receive your annual $3,000,000 donation to pay for the adjudication of these small-time dope smokers. Read the rest of this entry »