Marc earlier noted the depressing state of political literacy in the US. However, I was pleasantly surprised to see a remarkable statement of economic literacy in the news today - and by someone who isn't a trade economist. In this case, the example came from entrepreneur Elon Musk (who was seconded by fellow businessman Lyndon Rive). … Continue reading Elon Musk Wins the Economic Literacy Award
Airpower is the simple but wrong/naive answer to complex problems. It just doesn't work as advertised by the airpower enthusiasts. If you will the ends, you will the means. So those who want to wade back into Iraq or jump into wherever to "degrade and ultimately destroy ISIL" should be honest and note that ground forces … Continue reading Airpower Will Solve This. Santa Claus Exists.
The special election in the FL-13 U.S. House district has apparently been won by Republican David Jolly. Here is what Sean Trende of Real Clear Politics had to say about this race before voting ended: My sense is that the Democratic candidate, former state chief financial officer and 2010 gubernatorial nominee Alex Sink, will probably win. … Continue reading What Does FL-13 Mean?
From the Peter Peterson Foundation:
I was just taking in a few minutes of the Olympics when I saw a new Walmart ad touting its pledge to purchase $250 billion of American-made products (or perhaps more accurately, its "pledging [of] $250 billion to products purchased from American factories"). Roll the tape and see for yourself: It is a bit odd to see Walmart pitching this "Made … Continue reading Walmart’s “Made in the USA” Ad
Two cheers for today's Green Wednesday in Colorado - not an environmental holiday but the day that a free highly-regulated market for marijuana comes into being. Here is the New York Times on the historic day: While smoking pot has been legal in Colorado for the past year, so-called Green Wednesday represents another historic milestone for the decades-old legalization … Continue reading Two Cheers for Green Wednesday
Some must-reads to start your week: 1. Theodore Dalrymple (aka Anthony Daniels) has an absolutely superb takedown of the new DSM-5 in City Journal. "Responsibilitarians" (HT: Sorens) will find themselves using his arguments frequently in the current age in which practically everything wrong with us is a "disorder" that undermines our agency - though doing so won't make you … Continue reading Monday Links – DSM-5, Term Papers, and George P.