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Friday, June 1. 2007

Friday Morning Links

The Dangerous Book for Boys, reviewed.

John Stossel on the double thank-you implicit in free-market commerce. A quote:

I suspect ignorance about economics leads many to believe that when two people exchange goods and money, one wins and the other loses. If rich capitalists profit, the poor and the weak suffer.

That's a myth.

The Left wishes to imagine that government is the reason for American prosperity. Wrong. It is the historical absence of intrusive and oppressive government which is the cause. Dinocrat discusses.

The Thought Police at Tufts have no sense of humor. Satire under attack. Am. Thinker

Posted by The News Junkie in Hot News & Misc. Short Subjects at 06:12 | Comments (6) | Trackbacks (0)

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About Stossel, I'm a supporter of free markets but its streched to the limit and there are no thank you when my house insurance doubles/triples without any increase in benefit yet one reads of a)home insurance companies record profits and b)boo-hoo'ing from the same companies on their Florida "losses". Feels more like a scam or collusion.
#1 Streched in Florida on 2007-06-01 10:13 (Reply)
Collusion is not a free market. Price collusion is a crime, but you have to remember that the insurance industry is already one of the most regulated industries in the country.
#2 BD on 2007-06-01 10:57 (Reply)
http://www.tcsdaily.com/article.aspx?id=060107E

"Hoe Depressing was the Depression?"

Good link to the markets topic, ht instapundit.
#3 buddy larsen on 2007-06-01 11:21 (Reply)
Buddy:

This book also sounds promising - The Forgotten Man: A New History of the Great Depression by Amity Shlaes.

It has just been reviewed in the print edition of the American Spectator.
#4 Skookumchuk on 2007-06-01 11:55 (Reply)
skook, coincidence, my link above is an Arnold Kling (TCS) review of the same book.

Kling wonders if the New Deal gets such a blessing due to its history having been written by its proponents. Hmmm.
#5 buddy larsen on 2007-06-01 12:06 (Reply)
"The Forgotten Man" referred to is not the usual unemployed feller (he is "remembered"), but rather the taxpayer and the shareholder who funded the programs that (a chart @ the TCS link shows) were really doing little for large elements of the 'economic recovery' until WWII began.
#6 buddy larsen on 2007-06-01 12:12 (Reply)

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