Archive for June, 2009

Benevolence Gone Wrong

It’s nice to help others. It’s bad to do so when the charity harms their ability to help themselves. Imagine you are a poor farmer in a country in which there is a great deal of starvation. You are able to make a small living by selling your grain for one dollar per pound. All [...]

Posted on June 18, 2009 at 7:21 pm by adampowell · Permalink · Comments
In: General · Tagged with: ,

Biden does a double-take

Today, Vice Presiden Biden told Meet the Press, that “everyone guessed wrong” on the impact of the stimulus, and that the economy was worse off than anyone thought. He further implied that the (unmeasurable) number of jobs created or saved would be only be 600,000 by the end of the summer, rather than 3.5 million.
The [...]

Posted on June 14, 2009 at 9:27 am by adampowell · Permalink · Comments
In: Financial Crisis · Tagged with: ,