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Living the good life near Zion National Park.
Recent Activity
Don Boudreaux pointed me to George Will who quotes Russ Roberts (who blogs with Don Boudreaux, so go figure). Imagine that you love pistachio nuts and are given a room filled 5 feet deep with them. But you must eat... Continue reading
Posted Apr 25, 2016 at voluntaryXchange
Tim Worstall used hypothecation in a post, and I went and looked it up at Wordnik. What I found is pasted below. Tim’s usage of the word related to discussions of policies in the UK to levy a tax specifically... Continue reading
Posted Apr 24, 2016 at voluntaryXchange
I’ve been aware of this for about 20 years, but here’s an article outlining a fairly serious statistical fallacy on the part of doctors. The basic premise is this. Suppose doctors are ordering up a statistical test that checks for... Continue reading
Posted Apr 23, 2016 at voluntaryXchange
Here’s one of my all time favorite Saturday Night Live sketches, “Jingleheimer Junction”. It’s a faux kids show in which the characters — Unity, Caring, and Kindness — wear letters on their shirts. Then Friendship joins in the fun. Technorati... Continue reading
Posted Apr 17, 2016 at voluntaryXchange
What results when someone: … Accidentally stumbled upon the concepts of division of labor and trade and the science of economics. He came across all of it as if it were some weird new revelation that no one had ever... Continue reading
Posted Apr 16, 2016 at voluntaryXchange
Tatiana Menaker: Socialism is a conspiracy of losers against achievers From an article in The Atlantic about Russian Jewish emigres living in San Francisco, who are voting Republican, entitled “Why Soviet Refugees Aren't Buying Sanders's Socialism”. Via Cold Spring Shops.... Continue reading
Posted Apr 16, 2016 at voluntaryXchange
Michael Faraday: From my time as a red diaper leftist, I can tell you that a whole range of emotions are involved. Hate, anger, fear, bitterness, jealousy, envy, rage, greed, pride, smugness and paranoia (not technically an emotion, but it... Continue reading
Posted Apr 16, 2016 at voluntaryXchange
It didn’t take me long after moving to Salt Lake in 1991 to realize that there is no political middle in Utah. There are Republican/conservatives, and leftist/progressives. These charts from the Utah Foundation confirm this: My apologies, the sides are... Continue reading
Posted Apr 11, 2016 at voluntaryXchange
Here’s Steve Chapman: Trump and Sanders see trade in terms that are simple, vivid and wrong — as a competition in which exports are victories and imports are defeats. They think we are losing, but they don't know how to... Continue reading
Posted Apr 10, 2016 at voluntaryXchange
Everyone has sat on the beach at the ocean and imagined what was on the other side. But, our coastlines have curves. So what’s on the other side for you is different from what’s on the other for someone a... Continue reading
Posted Apr 10, 2016 at voluntaryXchange
Infrastructure is a name thrown around quite a bit in policy discussions, and it’s fundamentally macroeconomics. But what is it? Infrastructure is all the public/government capital projects that help make modern society: roads, bridges, buildings, fences, and so on. Here’s... Continue reading
Posted Apr 9, 2016 at voluntaryXchange
Just went to a seminar about what accounting majors do for jobs. They now call careers like accounting boundaryless because so many accountants end up working in other careers. Technorati Tags: boundaryless,career,accounting Continue reading
Posted Apr 7, 2016 at voluntaryXchange
If you’re in satellite view in Google Earth, and you’re far enough north, moving your cursor from left to right causes the image to partially rotate. This is actually accurate. The closer you are to the equator, the closer a... Continue reading
Posted Apr 7, 2016 at voluntaryXchange
Aeon J. Skoble: … My daughter said she wanted to be treated like a princess, so I made her marry someone she doesn't love in order to strengthen our alliance with Prussia. Via Cold Spring Shops. Technorati Tags: daughter,princess,joke Continue reading
Posted Apr 4, 2016 at voluntaryXchange
We started out with a lot of snow this winter, and then it faded out. We had enough snow to brush quite a bit off parked cars last Tuesday. This was supposed to happen all spring, due to El Nino.... Continue reading
Posted Apr 3, 2016 at voluntaryXchange
Why is it that I live in America, and yet I read about this on Tim Worstall (Tim is English, lives in Portugal, and works in the Czech Republic). It seems: The CIA rented out a real school to train... Continue reading
Posted Apr 2, 2016 at voluntaryXchange
Here’s Bryan Caplan: Suppose I'm right that almost everyone initially supports populist policies for inane reasons. If some of these people grow up to be sophisticated intellectuals, what do you think they're going to do when they realize that the... Continue reading
Posted Apr 2, 2016 at voluntaryXchange
Via I Love Charts via victoriarene. Continue reading
Posted Mar 27, 2016 at voluntaryXchange
This is from a children’s book published in North Korea. It clearly shows a child running with an assault rifle, another child with a pistol who appears to be in charge, and another with an assault rifle with a bayonet... Continue reading
Posted Mar 26, 2016 at voluntaryXchange
I love this one. It appeals to both my biases and experiences: that doctors are smart but not broadly educated. It turns out a doctor, published a journal article in 1994, purporting to develop a method for determining the area... Continue reading
Posted Mar 26, 2016 at voluntaryXchange
The Pew Research Center has come out with a new study showing that the middle class is shrinking, and that upper and lower classes are getting larger. Fair enough. If you read the fine print though, they have an unusual... Continue reading
Posted Mar 20, 2016 at voluntaryXchange
This is kind of cool: It shows the date of creation of each county (or change in borders) within the U.S. over the last 400 years. Not something I’d watch very often, but mesmerizing once. From flowingdata via Visual News.... Continue reading
Posted Mar 19, 2016 at voluntaryXchange
Interesting piece on how Pfizer came up with $9,850 as the annual price for a new drug. Lots of good stuff in there for ManEc classes about price points and focus numbers. Read the whole thing, entitled “The Anatomy of... Continue reading
Posted Mar 19, 2016 at voluntaryXchange
Evan Soltas ran the numbers. In the Illinois primary, voters vote for delegates who have their affiliation displayed. They do not vote directly for the candidates. And there can be more than one delegate for each candidate on the ballot.... Continue reading
Posted Mar 18, 2016 at voluntaryXchange
I hear women talk about shoes. And I have no idea what the f*** they’re saying. Perhaps this will help: Fortunately for me, no one in my house actually wears nonsense like this. But I have a tween … and... Continue reading
Posted Mar 13, 2016 at voluntaryXchange