During times of universal deceit, telling the truth becomes a revolutionary act.
In 1850, French economist Frédéric Bastiat published an essay that is misunderstood, or more often, unread, titled, “That Which is Seen, and That Which is Not Seen.” Bastiat brilliantly introduced the idea of opportunity cost and, through the parable of the broken window, illustrated the destructive effects of unintended consequences. Unfortunately, because of misplaced belief … Read more »
Are you a smoker? Do you like smoking? If you answered yes, you’d better be prepared to change your tune. Let me explain why. Sky News reports: The cost of a packet of cigarettes in New Zealand could rise to as much as $100 dollars – around £50 – by 2020 amid moves to stamp … Read more »
Or, Deep Dish Politics I say this a little tongue-in-cheek, but, I wonder how long it will be before Rahm “Rahmbo” sends a dead fish to the Supreme Court Justices to get the point across. On Monday the 2nd of April, President Obama, speaking from the Rose Garden with Mexican President Felipe Calderon and Canadian Prime Minister … Read more »
So, the Supreme Court has heard oral arguments on the Patient Protection and Affordable Care Act (PPACA), commonly called Obamacare. At issue is the Constitutionality of the “individual mandate.” The legal complexity of this thing is astounding. But from my (simplistic) view point, the Government coercing a private citizen to purchase a product (insurance) from a private … Read more »