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Fisking Samuelson & Nordhaus, Part 1 of ?

I recently went searching through my book collection to find my old economics principles book, and was unable to find it. I wanted it because I there was some tidbit that I was failing to recall fully that I thought might be in error. As it became obvious that continuing to search for it was worth less than the $100 or so a new textbook would cost, I hopped over to Amazon and purchased the latest edition of Samuelson's and Nordhaus's principles text, Economics. Samuelson's principles text is the standard for most introductory economics courses. Read more »

Lies, Damn Lies, and Political Campaigns

Just in case anyone has missed it, CBS recently showed some documents which were clearly forged. In the last week we have heard the discussion of whether this was or was not a forgery, and how the blogosphere, as a decentralized medium, was able to point out CBS's error so quickly. Read more »

Florida gas stations aren\'t gouging

Many gas stations are beginning to close, Lay said,and future shipments will be limited since the Port of Tampa is closed.
"It's going to be a precious commodity before long," said Lay.

They are closing instead. Days before the storm. I hope everyone planning on leaving has plenty of gas. From Florida Today, scroll down to "Brevard EOC bracing for Hurricane Frances"

Al-Jazeera station - Double plus ungood

"We do not tolerate those who exploited the freedom of the media," Zebari said then. "These channels have become channels for provocation against the interest, security and safety of the Iraqi people and the Iraqi government will not be lenient toward such behavior."

You can have all the freedom you want as long as you are for the government.

A Deontological Consequentialist?

The Underground Economist has decided he is a deontological consequentialist. Of course I have no problem with that. Tastes great AND less filling.

Imperfect Information and Externalities

Jon Henke at QandO makes this observation:

It follows from the a priori assumption that, in a free market where all transactions are voluntary, no actor will engage in a transaction that is not to his benefit. Therefore, every exchange will increase the overall wealth and well-being of a society.

Now, that's a reasonable assumption, except for two things:
1: imperfect information.
2: externalities.

Countering Arguments Against Objective Morality

We've had a lot of debate over the nature of morals recently. I noticed some confusion relating to definitions and those arguing for subjectivity are holding any theory of objective morals to a much higher standard than other sciences. I do not intend to present a complete theory of morality. I will tackle that after I've created and defended a theory of quantum relativity. In other words, not at all. Read more »

Silly Season is Upon Us

Here is a little ditty to put it all in perspective.

Little Hope Left for Speech, Press Ban

In the format and style of the SF Examiner's recent vacuity, Little Hope Left for Assault Weapons Ban, I'd like to offer up my own little vacuity lamenting the abortion of Patriot II and the government's failure to control the press during these dark times. I offer it up with all the sarcasm and cynicism I can muster. Read more »

A Clue-by-Four for The Cluetrain Manifesto

I recently re-read the mostly excellent book The Cluetrain Manifesto. The premise is simple:

A powerful global conversation has begun. Through the Internet, people are discovering and inventing new ways to share relevant knowledge with blinding speed. As a direct result, markets are getting smarter?and getting smarter faster than most companies.

Bye bye Swiss banking

New Swiss banking regulations go into effect today, neutering the famous Swiss anonymous numbered accounts. Without that "special sauce", how will Swiss banks compete?

Public Goods, Bads and NASA

In the comments section of this recent post, Steve mentions that governments do space better than the private sector (at least for now). The discussion also includes public goods problems, primarily defense. Since Kevin brings up space and others bring up public goods, I'm going to add public bads and unintended consequences. Read more »

Dawn of the Space Age?

Early morning on the Mojave Spaceport flightline. June 21st, 2004

I have just returned home from the space flight of Scaled Composite's Space Ship One, and I have a lot to write about and a few pictures of my pilgrimage to share. Read more »

More Information on the CSXT Launch

On May 12, 2004 at 11:12 AM PDT CSXT Launched their "GoFast" rocket into space. Here is the CSXT team with the GoFast rocket on Sunday afternoon.


The rocket is 21' long and 10" in diameter. The motor contains 435 lbs of solid propellent that produced over 100,000 lb-sec of total impulse in 14 seconds. Read more »

Amateur Rocket in Space

Word from the Black Rock desert is that CSXT has launched its rocket succesfully. The launch participants believe the rocket went over 328,000 ft (62 miles/100km) altitude, however this is not yet confirmed. More to come.