Archive for July 4, 2011

State of Florida v Casey Marie Anthony

37
1 year ago
by Logarchism.com in ,

The jury received the case this morn­ing. If you were on the jury, how would you vote?

(Ques­tions taken from the jury forms.)

Count One

(more…)

Rapping the Stimulus

88
1 year ago
by Bart DePalma in

Arguably, the two lead­ing west­ern econ­o­mists of the twen­ti­eth cen­tury were F.A. Hayek and John May­nard Keynes. Hayek cham­pi­oned free mar­kets and Keynes pro­vided the intel­lec­tual foun­da­tion for pro­gres­sive gov­ern­ment attempts to fine tune the economy.

Keynes is best known for his the­ory that gov­ern­ment spend­ing cre­ates demand for goods and ser­vices which in turn increases GDP and jobs. Obama placed the Keynes strat­egy on steroids with roughly $4 tril­lion in fed­eral gov­ern­ment bor­row­ing and spend­ing since tak­ing the office of Pres­i­dent. Hayek ridiculed the idea that the gov­ern­ment can cre­ate eco­nomic growth by tak­ing money from one part of the econ­omy, tak­ing a slice for itself and then spend­ing the remain­ing on goods and ser­vices the peo­ple are not demanding.

The group Econ Sto­ries tries to make this all acces­si­ble to the layper­son in a series of videos where actors play­ing Keynes and Hayek are rap­ping about their con­trast­ing eco­nomic the­o­ries. In the sec­ond of the series, Hayek and Keynes debate the Obama stim­u­lus. Enjoy.

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Politics on the Beach

11
1 year ago
by Monotreme in

Wait­ing for Spumoni

I made brief ref­er­ence in Friday’s Open Mic header to a con­cept I learned a long time ago, about where to posi­tion your ice cream cart on the pub­lic beach to achieve the most sales.

Since it’s Inde­pen­dence Day, and many of us are going to spend this time either on the beach or blow­ing stuff up, or both, I wanted to dis­cuss what’s called the Hotelling Model and its rela­tion to politics.

The Hotelling Model was first pro­posed by Harold Hotelling (1895–1973). (more…)

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