Archive for the ‘Politics’ Category

They Hate Us for Our Freedoms…
Riiight???

BBC News reports, “Many in the armed forces feel that too few civilians fully appreciate the drive to serve in combat.”
So, that’s why US taxpayers are paying a billion dollars per day on the wars in Afghanistan and Iraq.
It’s a safari to keep soldiers entertained… or a turkey shoot, considering that more than 100,000 Iraqis [...]

The Consent of the Governed…
How Quaint!

Rasmussen Reports reports, “23% of [US] voters nationwide believe the [US] federal government today has the consent of the governed. Sixty-two percent (62%) say it does not, and 15% are not sure.”
In other words, a huge majority in the USA consists of individuals who feel disenfranchised. At that point, very little difference exists between [...]

Et tu, Washington Post?

Mark Twain, among many others, famously quipped, “There’s lies, damn lies, and statistics.”
The Washington Post, generally a left-leaning rag, reports, “Overall, more than a third of voters polled — 36 percent — say they have no confidence or only some confidence in the president…”
Since when does one lump those who have ’some confidence’ with those [...]

Stupid Is as Incompetence Does

Cornell University Psychology professors Justin Kruger and David Dunning wrote in the abstract to their “Unskilled and Unaware of It: How Difficulties in Recognizing One’s Own Incompetence Lead to Inflated Self-Assessments” (1999, Journal of Personality and Social Psychology 77 (6), pp. 1121-1134):
People tend to hold overly favorable views of their abilities in many social and [...]

Soccer: Misogynistic or Megalomaniacal?

Hot on the heels of The Onion’s report that soccer is gay, BBC News reports agents of the Fédération Internationale de Football Association (FIFA) ejected three dozen scantily clad Dutch women from the stadium during the Netherlands vs Denmark World Cup match, Monday 14 June 2010.
This apparently was because the women were wearing short, tight, [...]

Waive the Jones Act? Repeal It!

Why does Pres. Obama continue to refuse to waive the Jones Act???
Labor unions love this WWI-era piece of rent-seeking protectionism, because it forces shipping firms to pay higher labor costs, which translate into higher consumer prices.
More immediately, the Jones Act is preventing advanced oil skimming ships that are specifically designed for the task at hand [...]

Goring the Cash Cow

The Wall Street Journal reports that Rep. Maxine Waters (D, CA) is sponsoring legislation that would require “each federal financial agency, the Fed Board of Governors, and the 12 regional Fed banks” to create an Office of Minority and Women Inclusion as part of the financial reforms working their way through Congress.
The idea is to [...]

The Empire Flails Helplessly

Lately, my focus has been significantly less on LMF Theory than in the past and almost exclusively on the more uplifting prospect of fostering international development through business education, specifically finance.
Of course, one way that individuals can prosper is to short-sell stupidity, ignorance, and lies, but that is not the only route that one can [...]

Support Free Market Thought in Afghanistan

The Afghanistan Economic and Legal Studies Organization (AELSO) is a nascent public policy research institute that advocates free markets, rule of law, and gender equality in Afghanistan.
AELSO was established — following visits in 2009 by Dr. Tom G. Palmer of Atlas Economic Research Foundation — by a group of university professors, students, and businessmen led [...]

Pres. Obama Knows When You Have Made Enough Money

Invest accordingly.
CWE