Daily Archives: August 29, 2011

Re: the window is still broken…..

Written on August 29, 2011 at 2:42 pm, by

George Mason University economics professor Don Boudreaux takes on University of Maryland econ prof Peter Morici over the supposed blessings of destruction: Prof. Peter Morici University of Maryland Smith School of Business College Park, MD Dear Peter: In your guest blog-post yesterday at CNBC you argue that the destruction caused by hurricane Irene will sparkContinue Reading

Monday education jobs report

Written on August 29, 2011 at 2:16 pm, by

The new school year is underway, but it is not too late to apply for a public school job in North Carolina. The North Carolina Public Schools Application System, which does not include listings for Wake County and Charlotte-Mecklenburg, lists 534 vacant positions.  Of these, 180 are teaching jobs.

The window is still broken and the shopkeeper still needs a new suit

Written on August 29, 2011 at 11:23 am, by

Cato’s  David Boaz reminds journalists that hurricanes don’t create jobs, they destroy property and lives making us poorer not wealthier. Oh, dear. Oh, dear. No matter how many times economists debunk the broken window fallacy, not a natural disaster goes by that journalists don’t try to cheer us up by saying “at least it willContinue Reading

Steve Jobs = real jobs

Written on August 29, 2011 at 9:16 am, by

Burt Folsom notes the job creation of entrepreneurs in history in this post that highlights Nick Schulz’ tribute to Steve Jobs. Kudos to Nick Schulz of the American Enterprise Institute for his comments on Steve Jobs, the now-retired genius at Apple. “Jobs gave people products they didn’t know they wanted, and then made those productsContinue Reading

Gibson Guitar case tells us a lot about the regime

Written on August 29, 2011 at 9:05 am, by

Gibson Guitar Co. suffers a federal raid over allegations that its use of wood from India might have violated the law — in India. Seems very strange, but maybe the picture clears up when it turns out that Gibson’s CEO supports Republicans. Read about this most revealing case here.

Keynesian policy is like polishing rotten apples

Written on August 29, 2011 at 8:45 am, by

Professor Robert Higgs makes that excellent comparison in this Independent Institute post. That is, it’s a waste of potentially productive time and resources to do something that is merely cosmetic.

TIME labels Paul ‘The Prophet’

Written on August 29, 2011 at 6:51 am, by

One suspects that TIME devotes four pages in its latest issue to a neutral-to-favorable profile of Texas congressman Ron Paul — titled “The Prophet” — not because of Paul’s ideas, but instead because Paul’s support muddies the water for other top-tier Republican presidential candidates. Still, there’s no denying the value in exposing general news magazineContinue Reading

A European insider pans social democracy

Written on August 29, 2011 at 6:49 am, by

If participants in Hillsdale College’s summer Baltic Sea cruise expected a trip full of frivolity and fun, they instead encountered a dose of reality when listening to featured speaker Vaclav Klaus, president of the Czech Republic. In the latest edition of Imprimis, Klauv attempts to explain to those travelers why Europe is “less successful andContinue Reading