Why it almost never happens.
It’s really a non-iterated Prisoner’s Dilemma, which rarely ends well for either prisoner.
Category Archives: Economics
The Myth Of Property
Matt Yglesias doesn’t think that property exists, unless it’s his.
This reminds of me the Occumoron who made the crucial (to him, not to anyone sane) distinction between private property and “personal” property.
“Pay Now Or Pray Later”
Green Energy In The Red
Remember how if we didn’t let Obama hand out taxpayer money to his cronies like Solyndra, we’d be buying our solar panels from China? Well:
The world’s top-selling producer of solar panels has defaulted on a $541 million bond payment. The Chinese firm Suntech hasn’t posted a profit since the first quarter of 2011 and has been relying on the government of Wuxi, the city where it is headquartered, to stay solvent. But as more bills come due, this renewable energy producer is looking less and less sustainable.
Just shocking. If you’re an economic ignoramus, anyway.
Environmental Legal Reform
..based on conservative principles.
ObamaCare Versus The Unions
The Democrats’ lies are eventually going to catch up with them, and probably before the next election.
A Whistle-Blowing Scientist
The lawsuit filing provides a troubling description of how fraud was used to impose draconian environmental regulations on California enterprises, which is one of the many reasons why California is deemed by CEOs nationwide as the “worst place to do business”.
As he notes, “liberals” only like whistleblowers when they blow the whistle on conservatives.
Europe
Late last night, after markets closed for the weekend, following an extended discussion the European finance ministers announced their “bailout” solution for Russian oligarch depositor-haven Cyprus: a €13 billion bailout (Europe’s fifth) with a huge twist: the implementation of what has been the biggest taboo in European bailouts to date – the impairment of depositors, and a fresh, full blown escalation in the status quo’s war against savers everywhere.
This is not going to end well.
[Update late Saturday evening]
Glenn Reynolds has a lot of updates. Monday may be bloody. And Monday starts late Sunday evening on the Left Coast…
Dear Paul Krugman
…”I’ll see you in Hell.”
Paul Ryan’s “Unusual Ideology”
Charles Cooke dismantles Ezra Klein’s latest pretense at pragmatism:
Tellingly, Klein refers to “Ryan’s unusual ideology.” Unusual? Does Klein mean to suggest that not spending trillions that we don’t have is “unusual”? Does he mean that how America has worked for most of its history — and pretty well, thank you — is “unusual” now that it’s 2013? That notions of community doing things that government should not are “unusual”? I wonder. And what should we make of that “ideology” word? This dismissal is particularly telling, not because Ryan isn’t ideological — he is — but because so is Ezra Klein. So is everyone. Anyone who privileges one value over another (liberty over security, or growth over redistribution, for example) is an ideologue. Anybody who believes in any individual right whatsoever is an ideologue. Anyone who believes in any form of equality is an ideologue. Klein’s reaction betrays an arrogant, rotten worldview — widely shared among his ilk. Are we really expected to buy that doing the opposite of Ryan’s plan isn’t “ideological”? That there’s no ideology behind the status quo? That there’s nothing but reason behind what Klein and his acolytes wish would happen? That Klein’s desired path for America is based on pure analysis?
This conceit of the Left should be based at every opportunity. If there was a non-ideological pragmatic candidate in the last election, it sure wasn’t Barack Obama. Mitt Romney filled that bill much more, which was one of his problems, in fact.