Monthly Archives: August 2010

Hubris-lite?

The conventional wisdom is that the financial crisis led us into the severe depression we are experiencing. Guy Sorman’s survey of free-market economists suggests another possibility: that the recession triggered the financial crisis, not the other way around. [Economist Eugene] … Continue reading

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Considerable quote

Over the past eighty years, the public has become conditioned in times of crisis to turn to their rulers and demand that they “do something.” That the rulers had a hand in the crisis is all too often either unrecognized … Continue reading

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How much did the Iraq war contribute to the debt?

Randall Hoven cites the official government numbers to destroy the myth that Iraq war spending is what put us in so much debt. The whole thing is worth reading, but here are some highlights: Obama’s stimulus, passed in his first … Continue reading

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What does the data say?

Michael Medved argues that the mass media offers a “melodramatic (and highly partisan) storyline” amounting to a “misleading simplification of the historical record” regarding the economy. He continues, [emphasis mine] Indeed, looking at the data, it would be more accurate … Continue reading

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Thank God for rich people

From a 2004 study out of Yale University School of Economics: We conclude that only a minuscule fraction of the social returns from technological advances over the 1948-2001 period was captured by producers, indicating that most of the benefits of … Continue reading

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A construction to remember

I’m always on the looking for out for concise, powerful ways of conveying important ideas. The bolded phrase below, from a speech by Michigan Supreme Court Justice Stephen Markman, jumped out at me. Should the privileges or immunities clause [of … Continue reading

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Low graduation standars in New Jersey

At The Corner, Linsey Burke writes: In New Jersey, students have as many as three chances to pass the state high-school exit exam. That’s right — three. Three chances to earn a passing grade of 50 percent on a test … Continue reading

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