Economics for Dummies
Paul Hein
2010-03-15 03:00
Exclusive to STR
I don’t want to deceive you: I am not going to present a sort of Economics 101 for the benefit of the economically illiterate. In fact, I am myself among that number, never having studied economics. What I am suggesting is that, in the current financial crisis, economics is, in my opinion, somewhat irrelevant. It may be dumb to think that there is an economic solution to...
Suckers!
tzo
2010-03-15 03:00
Exclusive to STR
In a (nearly) parallel universe, portions of recent history are recorded as follows:
late 19th century-1934 Saudi Arabia's currency is called the Petro, and it is backed with oil, such that one barrel of oil equals 20.67 Petros. All taxes and payments to the Saudi government must be made in Petros. World markets utilize the Petro, a way to deal in oil without actually...
Quake
Jim Davies
2010-03-15 03:00
Exclusive to STR
Among the welter of news reports about the recent tragedy in Haiti, I noticed a couple that were quite perceptive. As it happens, they both broke surface on the PBS News Hour.
One came a few days after January 12th from David Brooks, the Hour's token conservative. He observed that a slightly more severe earthquake had hit San Francisco and Oakland in 1989, which brought...
We're All Irresponsible Now
Emiliano Antunez
2010-03-15 03:00
Exclusive to STR
On Wednesday, January 27th, the 44th President of the United States, Barack Obama, delivered his first State of the Union message to its citizens (and “illegal” aliens), all three hundred million plus of us. Besides all the usual empty rhetoric, platitudes and clichés, there was a sentence in Mr. Obama’s speech that was very telling of his audacity and...
Twenty-one Reasons Why Statism Is a Radical and Radically Incoherent Theory
Jakub Bozydar W...
2010-03-10 04:00
Exclusive to STR
Upon encountering the claim that some non-statist doctrine (e.g., anarcho-capitalism) is practically unsafe due to its radical character, it is worthwhile to point to the glaring radicalism of every form of statism. Having thus suggested, however, that it is not radicalism per se that is a problem with any given socio-economic doctrine, it is even more worthwhile to underscore...
Does Obama Hate Black People?
Manuel Lora
2010-03-09 04:00
Not even an earthquake in a very poor country is enough for the federal administrators to show compassion. The Obama regime will make no change to its immigration policy in light of the utter devastation in Haiti. The Coast Guard will interdict those trying to enter the U.S. illegally by sea. Only those with special circumstances will be granted special permission: orphans who have ties (not just...
Eminent Domain and the Free Society
Alex Schroeder
2010-03-05 04:00
Exclusive to STR
Eminent domain has long been a contentious issue in American politics. The United States Constitution, under the Fifth Amendment, grants the government the authority to legally seize private property. It stipulates that such a seizure is warranted if the property will subsequently be used to serve the “public”. Moreover, the property owner must be justly compensated...
Creeping Totalitarianism
Alex Schroeder
2010-02-01 04:00
Exclusive to STR
In the past decade, public smoking bans in America have become increasingly commonplace; governmental efforts to institute such bans often prove successful, primarily because the majority of Americans do not smoke. In other words, the majority can only gain from such legislation. Supporters reason that they should not have to inhale second-hand smoke every time they...
Timing Is Everything
Bill Butler
2010-02-01 04:00
Exclusive to STR
Time preference is an economic concept that compares time in relation to an individual’s need for material gratification. Time preference is a comparison, not a measurement. Time preference is immeasurable because it is, by definition, subjective. That is, each individual has a different time preference and each individual’s time preference can change...
Valor and Discretion
tzo
2010-02-01 04:00
Exclusive to STR
Once upon a time I worked a second shift job and regularly walked home from the train station during the later hours of the evening. One night as I was making my way home, a police cruiser pulled up alongside me and the officer asked me where I was headed. I said I was going home, and he then asked me where that might be. I gave him the name of my street, and with that he...