Relevant and even prescient commentary on news, politics and the economy.

Threads and fire engines

Main posters have the capacity to edit their own post threads, but will identify themselves when they do. Rdan’s little red fire engine will identify itself appropriately as well, so is not to blame for everything unless identified. Site owner id remains his.

Texas Railroad Commission

The Republicans actually have the audacity to have the Chairman of the Texas Railroad Commission as a speaker. I can not imagine a single institution in the US that is more anti-free market than the Texas Railroad Commission.

Trickle-Down in Action?

The Yahoo! headline says most of it: GMAC slashing workforce; reducing mortgage lending. I discussed the GMAC problems at Marginal Utility almost eighteen months ago. Things haven’t gotten much better since then. But some of the Mortgage Industry players have changed partners: Lender GMAC Financial Services said Wednesday it will close all of its 200 […]

The Paradoxes of Mr. Pond

G.K.Chesterton The Paradoxes of Mr Pond “The next man with whom Pond fell into any sort of conversation, in a cafe, was much more vigorous and vigilant, and belonged to a younger world. But he also was very serious; a dark, strenuous young man who was a Government official actually believing in the Government; or […]

Minimum wage and a regular citizen can create this

by Noni Mousa Hmmm. $13 per hour minimum wage? I am CERTAIN that those dollars wouldn’t go into savings — instead they would go into paying bills and buying stuff, probably more pricey stuff than dollar store gimcrackery. Certainly it appears to be hard on employers. But I wonder how much of this is a […]

Women’s Lib is a Capitalist Plot

Women’s lib is a capitalist plot to exploit the last great source of cheap, high quality labor. OK, now that I’ve made a statement designed to be extreme and arouse controversy it is time to look at the data a little differently. In the recently released Census report on income and insurance one of the […]

Car trouble for the US?

Autoblog reports: While Toyota and General Motors continue to duke it out for first place among the world’s largest automakers, the lower rungs have been equally hotly contested. It came as a shock to many that Hyundai-Kia had surpassed Honda to take the Number 5 spot, but if you think the battle is being waged […]

OSO bets Pickens on the price of oil

One Salient Oversight challenges T-Boone: Dear Mr. Pickens, Just recently you stated to the media that you expected oil prices toreturn to record levels by the end of 2008. Sir, you are a man who sticks by his word, so I would like to make awager with you if that is at all possible. Why? […]

Price Gouging

WOW — Hurricane Gustav has landed and I have yet to see a libertarian post arguing that Wal Mart, Home Depot and other major modern corporations will not resupply New Orleans without higher prices. Maybe they are all taking Labor Day off in honor of the Union movement.

Foreign films, Western Cultural Influence, and Divorce in Japan.

by Tilman Tacke and Robert Waldmann Globalization has caused a decrease in cultural distinctiveness. We find indications of a link between the divorce rate in Japan after 1955 and the market share of foreign films. Foreign films in Japanese cinema, including Hollywood productions, may act as importer of Western values. The market share of foreign […]