Malcolm Gladwell has a new book, Outliers, which, good for him, will likely end on the bestseller list and pay his mortgage for a few weeks. In it he seeks to answer the question of why some people succeed, while others don’t. Matthew Yglesias picked up the book to see if it would explain why […]
I accidentally clicked “hide” for one of my friends. There’s no easy way to get that friend back in the list, but I’m still seeing his shared items. I want to put him back in the list. Help!
The Somali pirates who have been very active in recent months have been asking for dollars, not gold. Moneychangers offer wads of new US dollar notes, the only currency that matters in a country that has been in chaos for almost two decades. The world’s reserve currency indeed.
I think my major problem with Mosler’s theories is that there are two sets of rules. The second set only applies to the the issuer of the fiat currency. It is not applicable to, for example, New York State, or Dutchess County, or the Town of Beekman, or the Arlington Central School District. Because money […]
I’ve been slowly reading Warren Mosler‘s theories since Zimran Ahmed pointed them out a few weeks ago. They are, to say the least, non-intuitive. From what I can discern so far, there are two sets of economic rules: Those for mere mortals, and those for the Royal Mint. The former are constrained by a scarce […]
Regulation is offered up as a means to prevent a repeat of the present financial situation. From what I have been learning of the instruments of destruction, however, it seems that — aside from the simple fraud of selling things one did not own — the failure was a lack of information. Much like a […]
Over the past month or so I’ve noticed more frequent mention of the cost of failure: what will happen if we don’t do this to save that. Explicit, or more often implicit, in these discussions is that it is right and good to do something, that something must be done. This something usually amounts to […]
I lost touch with my room-mate from Hampden-Sydney. He dropped out after my first semester there, and I ended up with a single for the next year. We did not keep in touch. I’ve often wondered what happened to him, but never put much effort into finding him. The Internet makes catching up with old […]
I found out today from the Hampden-Sydney group on LinkedIn about a new social networking site for alumni: The Network of Hampden-Sydney College. I applied for an account. I’m already a member at the alumni site for St. John’s College. It’s not very active. Both sites are built with tools from YourMembership.com. The thing about […]
A couple of weeks ago, Zimran Ahmed tossed out the suggestion that the Federal government send $1 million to each person in the U.S. (Though he said “everyone,” I’m assuming that he means “everyone in the U.S.”) Current U.S. Census estimates place the population at 305,630,009. So, that’s only $305,630,009,000,000 of new money. Now, if […]
After we left the theater, we discussed what they liked best about the movie. The Little Sister said of WALL-E (Wikipedia), I’m glad they learned to walk and could leave the hospital.
Most of the folks on our Christmas card list are off-line. Boy will they be surprised when they see this!
I was listening to old shows on my TiVo while I repainted the sun room. NOW reminded me that the amount of money that governments spend on mass transit pales in comparison to the amount spent on roads. [links needed, but I’m just taking a short break from painting.] One wishes that Randal O’Toole would […]
For such a smart fellow, you’d think that Matthew Yglesias would not regurgitate the standard economic history of the Great Depression drummed into all of us by five or six paragraphs in our high school history textbooks. The portrayal of Hoover as an advocate of laissez faire economic policy is wrong, but repeated often enough […]
I have Firefox set to prompt me to accept cookies, mainly because I don’t like the tracker cookies, and set most cookies to be session-only or denied, depending on how annoying the website is. You get a good sense of how frequently sites set cookies this way, and can see that most of them are […]
My daughters got into an interesting discussion on the way back from their religious education classes. The Little Sister was upset that one of her friends does not care about the President. The Big Sister suggested that maybe the friend does not care for the President.
The graphic artists at The New York Times, CNN, and pretty much every other outlet providing maps of the election results need to be provided with more than a pair of red and blue crayons. Maybe they should use pastels instead; they blend better. This map, for example, allows interesting comparisons with past elections — […]
Sandy Levinson, who finds it a horror that our defective Constitution allows the out-going President to stay in office past the election, would not take comfort in this report from the Mercatus Center on Midnight Regulations. The paper shows that, going back to 1948, when the White House switches parties, the number of pages in […]
I’m experimenting with Amazon’s aStore. After all these years of being an Amazon associate, I’ve yet to earn a nickel. I think that has something to do with my just linking to things, instead of promoting them. Anyway, I’m putting stuff in the store, mostly books, that I find interesting. Buy something.
My daughters, Beavis and Butthead, summed up the objections to Bob Barr for President quite succinctly. His name is Bob Barf. Heh heh. Heh heh. Heh. Little do they know what is in store for them.