Some Links

by Don Boudreaux on May 22, 2011

in Education, Environment, Innovation, Media, Politics, State of Macro, Trade, Video

Scott Lincicome exposes the errors in Robert Lighthizer’s portrayal of the politics of protectionism.

William Anderson uses the great Henry Hazlitt to highlight some weaknesses in Mr. Paul Krugman’s economics (as opposed to the economics of Dr. Paul Krugman).

Arnold Kling on innovation and Tyler Cowen’s thesis of “the great stagnation.

What happened to the alleged inexhaustible pool of low-wage workers in China and India?!

Here’s the Boston Globe‘s Jeff Jacoby at his best.

Steven Hayward identifies some dangers of true-believing environmentalists.

Is the media biased in its coverage of gasoline-price hikes? (HT Walter Williams)

Finally, I discuss with Judge Napolitano how monopoly protection keeps K-12 public schools in the U.S. lousy.

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Chucklehead May 22, 2011 at 5:22 pm

I would disagree that the minor children are the customers of schools.I have though that the parents were the customers as they are the source of funds, and the agents of the minors. Otherwise, you are spot on, as usual.
Please smile more, after all you are with “the judge.” May 22, 2011 at 6:51 pm

I am a non-voluntary source of funds for other parents, yet I am not a customer.

As an aside,
Public education is a form of welfare and so the parents should be considered welfare recipients. The fact that most parents pay property taxes doesn’t matter, since the taxes don’t cover the full cost of education for their children. The difference is akin to receiving a welfare check. That is why most parents with children like the system, because plenty of adults without children are subsidizing them.

Virtually every piece of legislation ever written by governments can be reduced to compulsory acts of transferring the cost of things from the users of goods and services to others. The legislative process is, essentially, the apparatus for legalized theft.

Of course, natural, or evolved law, does not come under the category of legislation. The purpose of a positive law is to make natural law illegal under the circumstances the positive law pertains to.

DG Lesvic May 22, 2011 at 5:55 pm

JeffJacoby is himself “the best,” but this wasn’t really him at his best.

He was too defensive. He should have counterattacked.

“Explain why dragging race into this issue isn’t the real racism!”

indianajim May 22, 2011 at 10:50 pm

I agree; his parting tactic was to bring up the Bush years? This was lame (especially since the magnitude of food stamp increases under BO dwarf those under W).

Ken May 23, 2011 at 12:26 am

“Cost advantages for manufacturing are starting to shift back to America because of rising wages in China”

Wait, I thought that outsourcing caused wages to drop! Isn’t free trade supposed to make us worse off because how will Americans compete with low wage labor in places like China? Everyone knows that as the Chinese get wealthier they won’t demand higher wages the way Americans do. The Chinese workforce is a static entity of fixed numbers and wages. Just ask Lou Dobbs.

Sandre May 23, 2011 at 1:18 pm

That video about Gasoline prices was pretty good.

Isaac "Izzy" Marmolejo May 23, 2011 at 8:42 pm

Is there a blog post on here that compares and contrasts the econ of “Mr.Krugman” and “Dr.Krugman”?

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