Our Man perich uses the power of lolcats to explain basic economics.  Good (and funny) stuff.

Anthony Bourdain:

One of the great wonders of the New World Order is how you can find an internet connection, a cell phone signal, just about anywhere. At a tiny bed and breakfast in a far flung 16th century village in Yunnan Province, high speed wireless that beats what I’ve got in my apartment in New York City. At home, my cell phone kicks out ( Read more... )

It's no secret the Democrats (and sadly, Republicans these days) in Washington are enemies of the free market, but it's not often a sitting member of Congress so blatantly pulls a page from Hugo Chavez' play book and threatens the president of Shell Oil with nationalizing the oil industry.  But that's exactly what California Democrat Maxine Waters ( Read more... )

OK, here's the scenario:

I took ikilled007's advice and set aside a sizable store of gold.  The apocalypse has arrived: the dollar has completely collapsed, the economy has been decimated, and the nation's cities lie in smoldering ruins after months of food riots and looting.  I drive out of my heavily fortified bunker, which used to be my basement before ( Read more... )

I'm not gonna pay for fake LJ!  I'm not renewing my account!

. . . oh, wait, I did that already.  Not renewing, I mean ( Read more... )

I have a lot of respect for Walter Williams on economic issues, but he just went on record for favoring the murder of millions of innocent people:

There is no way terrorists can carry on their operations, obtain explosive materials, run terrorist training camps, raise money without the knowledge of other Muslims, whether they're government ( Read more... )

An Indian automotive company seeks to put its country on (four) wheels with the $2500 Tata NanoObviously styling is not the Nano's main selling point.  But it seats five, gets over 50 MPG from its 33-horsepower, two-cylinder engine, and meets Euro III emissions standards.  This is exactly the sort of cheap wheels that have revolutionized economies ( Read more... )

[cross-posted to A Thousand Cuts]

Going forward, I shall refer to the day on which I prepare my family's tax return, which this year falls on January 30, as Fuck Milton Friedman Day.

Friedman, for all of his great contributions to economic theory and advocacy of the free market, was also instrumental in developing the Federal government's most ( Read more... )

Random Friday linkage:

• Warren Meyer on why the labor market is largely immune to the minimum wage:
  
  Correcting for higher state minimum wages, but also adjusting for illegal immigrants (who are a special case with super-low bargaining power) and factoring in salaried workers (who by law to be salaried have to be making much more than minimum wage ( Read more... )

A tale of two houses:The first house is a 10,000 square-foot mansion that consumes more energy in one month than the average household uses in a year ( Read more... )