Othman on Pickens, Horseflesh, and Hypocrisy

Michael Giberson

Abe Othman at Constructive Economics has been reading Boone Pickens:

T. Boone Pickens, from his autobiography The Luckiest Guy in the World:

I believe the greatest opportunity lies in a free marketplace. There are powerful forces afoot trying to restrict that freedom in the interests of the vested and already wealthy.

T. Boone Pickens, in congressional testimony on a bill to prevent the slaughter of horses for food:

The whole thing, it’s a boondoggle on the American people…People that are for the slaughter should be forced to go down on that kill floor…The brutal slaughter of horses for consumption by wealthy diners in Europe and Japan cuts against our moral and cultural fiber — it’s just plain un-American.

Othman remarks, “Remember, if they can come after the horse slaughterers, they can come after the hedge funds.”

(Othman apparently remains under the the influence of Al Roth’s work on repugnance and markets – not that there is anything wrong with that.)

A personal note on KP

Lynne Kiesling

As Mike said last week, the summer “doldrums” have been in force in KP-land. I have been working on a research project unrelated to electricity, which I’ll be willing to share soon, so there will be more to come on that … and frankly, I’m so disappointed (but not surprised) in the direction that electricity policy and smart grid investment have taken that I have not wanted to write about it, because it would come off just sounding like griping. There I am also starting to pull some thoughts together that are more analytical and scholarly and less splenetic.

But there are two big reasons I’ve been so quiet that I should share, just to clear the decks and shake the fuzz from the KP-writing center of my brain. The first reason is that my mother died unexpectedly in April, and in addition to the funeral and grieving and contemplative time and space needed for dealing with that, I am an only child. This means, with my father having died almost four years ago, that I had to focus a lot of time and mental-physical-emotional effort on clearing out the house, estate sale, selling the house, integrating the furniture and mementos of a happy life with two beloved parents into our home, etc. The KP Spouse has been a real champ throughout, and I am grateful that I’ve been very fortunate to get a lot of help from our friends. But it has meant that I’ve not felt very chatty, very witty, or very “teachy”.

The second, much happier reason why I’ve not been here much is that I’ve spent the past year in particular being very focused on my triathlon training, and I am happy to report that in July I competed in and completed the Door County Half Ironman Triathlon in Wisconsin. That’s a 1.2 mile swim, 56 mile bike, and 13.1 mile run, if you’re keeping score, and I did it (with two fairly slow transitions!) in 6 hours 31 minutes. I knew I was well enough trained to finish, and I was about 15 minutes slower than my target time because I ran out of gas on the run, but I wasn’t sure if this was going to be a “one and done” experience or if I’d want to do another. It was actually fun and I enjoyed the race, so I am sure I’ll do more races at this distance in the future, as well as the shorter sprints and Olympic distances. I think my focus for next year, though, will be on training for the Olympic distance (1500 meter swim, 25 mile bike, 10k run) and becoming more efficient at it.

And no, I am never going to do an Ironman. Yes, I am committing to this publicly. No interest whatsoever.

Now that I have accomplished those two personal challenges, it’s time to get the focus back to thinking, writing, and teaching about economics. I hope you’ll find it thought-provoking and useful.