Production Theory

Displaying 11 - 20 of 608

Newspaper is worthless

Production Theory

Blog03/26/2008

A report on the price of newspaper: zero

A paper mill in the central Canadian province of Manitoba is no longer accepting paper for recycling because the price of newsprint has dropped...

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Krugman is just too much

Taxes and SpendingProduction Theory

Blog02/28/2008

Here is a howler from Paul Krugman:

The fact is that war is, in general, expansionary for the economy, at least in the short run. World War II,...

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While Politicians yammer, enterprise does work

InterventionismPhilosophy and MethodologyProduction Theory

Blog02/12/2008

While the politicians run around the country telling us of their plans to make our lives better--what wizardry they command, merely to make speeches, pass laws, and print paper and thereby make us prosperous and secure!--free enterprise is...

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The Recycling Myth

Production Theory

Blog02/04/2008

The coercive recycling structure is set up in layers, where the consumer ("producer" of waste) gets to do most of the work of sorting, cleaning, and transporting the trash to collection centers. Government-appointed companies then empty the containers and transport the materials to...

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The Broken Window Fallacy Reapplied

Calculation and KnowledgeProduction Theory

Blog01/28/2008

It is not a good thing to destroy wealth. Bastiat puts it this way: "Society loses the value of things which are uselessly destroyed." It sounds like an unexceptional claim. But herein rests the core case against everything the government does. Perhaps, then, we can see why the...

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Mozilla: Meet Sarbanes-Oxley (and Henry Blodget)

Financial MarketsProduction Theory

Blog01/07/2008

The insufferable Henry Blodget, the disgraced securities analyst who is barred from working in the securities industry (he met up with Eliot Spitzer), is back to his usual chatter....

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Christmas and Consumption

Production TheoryValue and Exchange

Blog12/25/2007

Christmas is a make-or-break time for many retailers, and the holiday season's importance to the American economy is so great that "Black Friday" sales at some retailers, particularly Wal-Mart, are reported as a macroeconomic indicator. The holiday season is indeed festive and...

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Ethanol: Government vs. the Environment

The EnvironmentInterventionismProduction Theory

Blog12/18/2007

This article from MSNBC shows how government-sponsored ethanol may seriously harm the environment, as fertilizer from the increased corn production makes its way to the Gulf of Mexico and kills sea life. So not only does ethanol hit taxpayers...

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News Flash! "Inventors" Oppose Patent Reform!

InterventionismProduction Theory

Blog12/10/2007

From a patent lawyer list I'm on, I received a solicitation to sign a letter opposing patent reform. The letter is to be sent to Senators Reid and McConnell. My response to the letter is below (only contains excerpts...

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China, India like US Patent Reform

InterventionismProduction Theory

Blog12/10/2007

The pending reform of US patent law that has "inventors" and the IP bar all upset (even though it only makes modest changes to the law) is welcome by India and China, at least. See, e.g., this Indian...

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