Too Bad He Didn’t Take Econ From Me Either

Craig Newmark points out that Glenn Reynolds did not get the full picture in Econ 101 if he thinks that people donating for stuff they could get for free is irrational. And as Craig says so well, it’s about the exchange of value for value, not about money. Of course you want to get as … More Too Bad He Didn’t Take Econ From Me EitherMore Too Bad He Didn’t Take Econ From Me Either

Walter Williams On Sweets

Chicago has historically been one of the biggest locales for the production of candy in the country. Brach’s had their factory here, as did Ferrara Pan, Fannie May, and of course the local Frango mints sold at Marshall Field’s (yum!) were made here too. One of the more delightful and tempting things about Chicago is … More Walter Williams On SweetsMore Walter Williams On Sweets

Russ Roberts And Virginia Postrel On Jobs

Russ Roberts has a typically clear and lucid commentary on jobs and “outsourcing” in Business Week. Short of jumping into the fray on this issue, let me simply suggest that you read this, circulate it, and consider his conclusion: The hardship that results from economic change always tempts politicians to limit individuals’ freedom to buy … More Russ Roberts And Virginia Postrel On JobsMore Russ Roberts And Virginia Postrel On Jobs

Navarro Pinot Noir 2001

Navarro is an Anderson Valley/Mendocino winemaker, lovely, carefully made wines. Their Gewurztraminer is to die for. This Pinot Noir has a sprightly little zip on the tongue and a smokiness that is reminiscent of a young Burgundy, perhaps a Morgon. Apples in the foretaste, toasty/dusty in the middle, berries and slight carbonation in the aftertaste, … More Navarro Pinot Noir 2001More Navarro Pinot Noir 2001

Low Taxes Do What?

The Wall Street Journal is chock full of goodies this morning. I recommend special attention to Thomas Sowell’s commentary on economic literacy (subscription required). His focus is on the value that academic economists provide when they explain economic relationships to the public: Some years ago, the distinguished international-trade economist Jagdish Bhagwati was visiting Cornell University, … More Low Taxes Do What?More Low Taxes Do What?

New Source Review’s Pernicious Incentives

In a comment to a post on clean coal technologies, Robert Prather has a concise statement of what I think makes the most sense for dealing with emissions from old power plants: When the clean air act was put into place it was assumed that a lot of older plants would shut down so they … More New Source Review’s Pernicious IncentivesMore New Source Review’s Pernicious Incentives

Sterling Central Coast Cab 2001

I came home Sunday to find that my husband had bought and opened a bottle of Sterling Vintner’s Collection Central Coast Cabernet Sauvignon 2001. So it had started to oxidize when we finished the bottle Sunday night with pork medallions in a black cherry cognac sauce, haricots verts, and crusty bread. I believe this is … More Sterling Central Coast Cab 2001More Sterling Central Coast Cab 2001

Hernando De Soto On Egypt

Friday at the Mercatus Chief of Staff Retreat, Hernando DeSoto spoke on the work that they are doing in Egypt. Hernando DeSoto founded the Institute for Liberty and Democracy in Peru, successfully fighting the Maoist Shining Path guerillas in Peru. DeSoto laid out the economic and philosophical argument for why law, liberty and democracy are … More Hernando De Soto On EgyptMore Hernando De Soto On Egypt

Music For Avoiding Election Media

One of the rituals in which I engage every four years is in mid-January or so, when I can no longer abide the media hoopla over primaries and the election. Almost like clockwork, a day will come in January when I am listening to NPR and I reach a breaking point. I say “that’s it”, … More Music For Avoiding Election MediaMore Music For Avoiding Election Media

Colin Firth, Brooding, And Pittsburgh Sports Teams

It’s not very often that two of my favorite things in the world converge quite so unexpectedly as in this column from the Pittsburgh Post-Gazette about seeing Girl With A Pearl Earring, a “chick flick” on Valentine’s Day. Take this, for example: I’ve seen Firth brood in “Pride and Prejudice,” in “Bridget Jones’ Diary” and … More Colin Firth, Brooding, And Pittsburgh Sports TeamsMore Colin Firth, Brooding, And Pittsburgh Sports Teams