Theft and prosperity

It is truly miraculous that the following proposition continues to be held as proven: Anything that an individual steals from the whole is a general profit.  Perpetual motion, the philosopher’s stone, or the squaring of the circle have fallen into oblivion, but the theory of Advancement through theft is still in fashion.

Frédéric Bastiat, Economic Sophisms and “What Is Seen and What Is Not Seen”

Earth hour is just good intentions without any goodness


Earth Hour is largely celebrated in rich, urban areas. Around the world, there are around 1.3 billion people living in the developing world who will not get a choice whether to participate or not. That’s because they will be living without reliable electricity on Saturday night, just like they do every other night.
Bjorn Lomborg

http://www.usatoday.com/story/opinion/2017/03/24/earth-hour-electricity-poor-africa-development-natural-gas-bjorn-lomborg-column/99550612/

Progressive agendas


 “Progressives’” first and overriding instinct whenever they encounter some economic or social situation that they disapprove of is to forcibly push, pull, demand, and prohibit individuals who are going peacefully about their own business to behave in ways that “Progressives” have divined is best.
Don Boudreaux

http://cafehayek.com/2017/03/quotation-of-the-day-2006.html

Healthcare and the Laws of Economics


“Sanders’s emotional argument hinges on what happens to people who cannot afford health insurance. But his answer is one that can only yield worse outcomes for people who cannot afford health insurance.”
Jonathan Newman #Healthcare 

Healthcare Is Not Immune to the Laws of Economics | Mises Wire

Progress by Plunder fallacy


Verily, it is marvellous that people should persist in maintaining that all which an individual steals from the masses is a general gain. Perpetual motion, the philosopher’s stone, the quadrature of the circle, are antiquated problems; but the theory of progress by plunder is still held in honour. A priori, we should have thought that, of all imaginable puerilities, it was the least likely to survive.
Frédéric Bastiat, Economic Sophisms

Markets vs Politics 


One cannot observe markets without coming away mightily impressed with the intelligence, the courage, the prudence, the fortitude, the self-discipline, the astuteness, and, above all, the creativity of fellow human beings. To observe and reflect on markets is an uplifting experience that makes one proud of the human species.

One cannot observe politics without coming away mightily distressed at the stupidity, the cowardice, the recklessness, the timidity, the prodigality, the gullibility, and, above all, the cruelty of fellow human beings. To observe and reflect on politics is a disheartening experience that makes one ashamed of the human species.

Don Boudreaux
An Off-the-Cuff Observation http://cafehayek.com/2017/02/an-off-the-cuff-observation.html

My first thoughts on CalEXIT

I saw something about the #CalEXIT movement this morning. On my drive to work, I was thinking:

  • We will keep all of our military assets there
  • We will negotiate for access to ports, rail, etc.
  • We will still trade with California
  • California can only survive by trading with the US
  • We get rid of two persistently problematic US Senators
  • We get rid of 53 problematic House Representatives
  • We get rid of a sizable chunk of socialist Californians
  • We get rid of as many socialists who will migrate to California
  • As the California socialists run their country into the ground many companies will move to the US
  • After the California socialists have run their country into the ground, we can invade and liberate them

I’m thinking, “Brilliant!”

How stupid people compensate for bad decisions

…. while remaining stupid.

http://johnhcochrane.blogspot.com/2016/06/transport-innovation.html

http://johnhcochrane.blogspot.com/2016/06/transport-innovation.html

Behold, the VW Trailer!

TRANSPORT INNOVATION

So… the VW trailer. When in need, he puts the trailer in 4th gear, and turns on its electric system. The throttle is stuck full open. He pulls it to get going put, put put put… Then, the trailer pushes the car along. What if he needs to slow down? No problem, he hits the regenerative brakes on the Toyota, so now the VW is also charging up his batteries!

American ingenuity is still alive!

Venezuelans dieing from Socialism

CUMANÁ, Venezuela — With delivery trucks under constant attack, the nation’s food is now transported under armed guard. Soldiers stand watch over bakeries. The police fire rubber bullets at desperate mobs storming grocery stores, pharmacies and butcher shops. A 4-year-old girl was shot to death as street gangs fought over food.

Nicholas Casey, “Venezuelans Ransack Stores as Hunger Grips the Nation”
http://mobile.nytimes.com/2016/06/20/world/americas/venezuelans-ransack-stores-as-hunger-stalks-crumbling-nation.html

Quote – Recycling

image

Recycling costs money, harms the environment, and uses the one resource — time — that is truly non-renewable. But it gives folks a way to show publicly how much they love the Earth. That’s fine, but making landfill-worship mandatory violates the separation of church and state.
Michael Munger, “The recycling-industrial complex”
http://www.nsjonline.com/article/2016/06/the-recycling-industrial-complex