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Quote

From here

"...All this said, I - like most lefties - have an instinctive visceral hatred of private education. One reason for this is that we don't like people getting headstarts in life that aren't available to others ..."


Loch Ness Toyota Tundra

In a long running TV commercial, Toyota tortures a Tundra (ed. Tacoma?) at Loch Ness, grabbing it from the shore with a single large tentacle and ejecting it from the water in a head-on crash into a dirt bank, after which it starts up and drives away.

Can anyone put together the story or plot that lies behind this video? You'd have to see it, and not rely on my description above.

Video here.

or here Read more »


Dallas Playoff Question

When Dallas failed to win their wildcard game over Seattle due to Romo fumbling the snap on the game-winning fieldgoal attempt at the 1.5 yard line and failing to run it into the endzone, three questions remain.

1. Did he fumble short of the goal line or was he ruled down by contact?

2. If he was ruled down by contact, why was there no measurement for a first down on the one yard line?

3. If he wasn't ruled down by contact, was there at least a booth review of the fumble? Read more »


Chinese>Latin?

Tim Harford claims that Italian schools should require Chinese rather than Latin.

Am I the only person still living who took three years of Latin in a public Junior High School?

I thought that the real advantage of Latin was that the language was dead and likely to stay that way. Even if the number of Latin words that I remember after 50 years aren't likely to use up all the fingers on my left hand, it still was better than Conversational French. Read more »


A Picture is Worth ...

Full story here.


You Can\'t Make This Stuff Up


Congestion Pricing and the Appropriateness of Price Rationing

Following up this, consider the following example :

A city has two primary problems, traffic congestion and a drought. How does the possibility of price rationing fit in the two pictures?

In general, higher prices are thought to have the following effects:

1. Reduce demand, especially for more marginally valued uses.
2. Increase supply.
3. Conserve existing supplies.
4. Allocate goods to their highest valued use. Read more »


Congestion Pricing, Just Another Tax Scam

When London can get away with charging up to about $US16 per day for vehicle access to central London on weekdays, likely matching the $US4000 or so yearly cost of a typical individual commuter's vehicle financing and insurance, we can infer that there are likely powerful propaganda forces at work.

Sure enough, most academic economists consider congestion pricing to be the greatest thing since sliced bread, justifying their existence as if they had found the philosopher's stone, the golden fleece, the holy grail and the fountain of youth all in the same place. Read more »


Where Witchcraft, Global Warming and Politics Collide

Global warming

AG’s office before high court in bid to curb global warming
By Casey Ross
Boston Herald Reporter

Thursday, November 30, 2006

Attorney General Tom Reilly says global warming is harming the state’s environment on a daily basis - an argument his office presented to the Supreme Court yesterday as part of a landmark lawsuit to force the government to regulate new vehicle emissions. Read more »


Why Trust Fund Bonds are Indeed Different

Angry Bear asks the question : Do Federal Bonds Have Any Value?

While the question is not really germane to the fact that the SS Trust Fund is a meaningless political bookkeeping device, the liberal disputers of this fact keep going back to the TF bonds and think that they are making a real point. In fact, a government bond held by the TF is grossly different in character from the same bond held by the public. Read more »


The Smoking Gas Pump

Review suggests Big Oil manipulated gas prices

...One executive told regulators that "he would rather sell less gasoline and earn a higher margin on each gallon sold."...

Shocking!


When Apparent Savings is Consumption

Simple Saving for a Bicycle, not so simple

You are the sole owner of a bicycle shop on the corner. A familiar neighborhood twelve year old boy has entered your shop and has obviously fallen in love with one of your $250 bicycles. After a few minutes, you approach him to check out the prospects for making a sale.

He indicates that he wants to buy the bicycle, but that he will need to save $25 per week from his $100 take home pay for 10 weeks to be able to purchase it.

You have the following options: Read more »


Wow!, a Victory the Democrats Can Be Proud Of

A Democratic landslide of historic proportions, or at least a mudslide, winning a battle of wits with an unarmed man.

A Democratic mandate to ...??? provide even token opposition to a legacy puppet president.


Assigning Costs to Global Warming

See this as a starting reference point.

I don't have any idea of how to assign costs to global warming, but I have even less confidence in the people who say they do.

It might be useful to determine what mitigation would be justified by specific future misadventures. Read more »


Economic Profits and Price Deflation

Assume a simple business that can produce a 10% true rate of return for a one year production process if there is no price inflation or deflation.

What will happen if there is a 5% uniform price inflation? A 5% uniform price deflation?

What additional information would be necessary or useful?

(to be continued, possibly depending on comments)