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New Orleans, without the SCA

…supplies were not being delivered by air. He answered, “It seems to me that air drops will simply lead to riots.” Gates says that “security” concerns are impeding the delivery…

A new whittle

by reader ilsm More reason to worry about the USA’s AAA bond rating. The Navy, Air Force, Marine Corps, United Kingdom Joint Strike Fighter, F-35 Lightning II (see P-47 from…

General Equilibrium Theory by Popular Demand

…exactly that endowment neither buying nor selling. This is related to externalities. If anyone is free to pollute the air, then the good “clean air” doesn’t belong to anyone in…

A new whittle or two

a whittle by ilsm National Security pork! I came across this at a National Security blog: In this case congress is directing that Air Force buy long lead parts to…

Pension Benefit Guaranties

…These defaulting companies and the years of plan termination are (about a third of the way down the page): Pan American Air, 1991, 1992 [business collapsed 1991] Trans World Airlines,…

First lesson in econ for kids….scarcity

…if their scarcity is presumed). Other goods are called free goods if they are desired but in such abundance that they are not scarce, such as air and seawater. Too…

Money = Wind, Bush and Fox News?

…doubled the amount of wind power operations in the Portuguese company’s portfolio. German utility E.On has agreed to acquire the North American assets of Irish wind power company Airtricity Inc….