The problem with Greece is very simple: its prices are wrong.
That’s what happens when a government sets prices.
Category Archives: Economics
Government Motor’s Plan
But Chris Gerrib will be popping in any minute to tell us that GM is doing, in Obama’s words, “just fine.”
Developing An Economically Sustainable Space Policy
…by looking to the opening of the American West. A very good piece, by a British astrophysicist. I met Professor Elvis at GLEX a couple months ago.
Ryan’s Plan
…against the team with no plan. I recall when Turbotax Timmy Geithner said, “…we don’t have a plan, but we know we don’t like yours.”
We’ll see how trying to beat something with nuthin’ works out for them this fall.
The Auto Bailout
The U.S. taxpayers stand to lose $25B on it. That’s fifty Solyndras.
A Classic Example Of Economic Ignorance
Is it really surprising that when you underprice a commodity, the supply dries up? Another sign of the popping bubble of academia.
Irony Challenged On Space Commentary
Check out the comments over at my National Review piece. It’s almost as though some of the commenters are going out of their way to prove my thesis, by engaging in exactly the ignorant, straw-man behavior that opponents of the new policy have been for going on three years now. I love the notion that because I correct misstatements of fact, I am “attacking” the commenter. I especially love the latest insane redefinition of “subsidy” — that because SpaceX didn’t reinvent every single wheel in its vehicles, instead building on technology developed over the past decades, that it has been “subsidized” by NASA for decades.
Paul Ryan, Extremist
Thoughts from George Will on Romney’s pick:
When Ryan said in Norfolk, “We won’t replace our Founding principles, we will reapply them,” he effectively challenged Obama to say what Obama believes, which is: Madison was an extremist in enunciating the principles of limited government — the enumeration and separation of powers. And Jefferson was an extremist in asserting that government exists not to grant rights but to “secure” natural rights that pre-exist government.
Romney’s selection of a running mate was, in method and outcome, presidential. It underscores how little in the last four years merits that adjective.
With a bonus discussion of what Barry Goldwater and Martin Luther King had in common.
Burn The Math Witch!
The Freepers have some fun with Iowahawk’s new hashtag game.
Barack Obama: “I was told there would be no math.”
[Update a few minutes later]
One of my favorite comments over there: “Math is racist.”
Why Barack Obama Is Scared As Hell Of Paul Ryan
Because as Iowahawk says, the president has to fear the math.
I wish that the debate was between Obama and Ryan, rather than Obama and Romney. Because Ryan versus Biden is going to be Godzilla on Bambi. Except Bambi didn’t have hairplugs.
[Sunday morning update]
Watch and tremble, Democrats. Lines around the block to see Romney-Ryan in North Carolina, while the donks are worried about filling their convention hall there.
It’s not 2008 any more. And considering what happened in Wisconsin earlier this year, I suspect it’s going to look a lot more like 2010.
[Afternoon update]
I don’t know about the “hope” part, but this is definitely change: “Only $51 to enter an Obama fundraiser in Chicago, but the room is only half full.”
I think they may run out of money before the election. It would seem fitting that his campaign’s finances are run pretty much the way they’ve been governing.