I’m of the belief that any laugh quieter than a donkey’s or a drunken medieval tavern-keeper’s is not worth the breath. I like laughing loudly, not at “polite” volumes. While uproarious mirth may not help me with sophistication, it has many powers for good. Here are three reasons you should embrace the belly laugh:
Tag: business
Jeffrey Herbener: Demystifying the Federal Reserve (26m)
This episode features an interview of economics professor and department chairman Jeffrey Herbener from 2016 by Jeff Deist, host of the Human Action podcast. They cover the basics of central bank mechanics: how commercial bank reserves are created, the difference between the monetary base and the money supply, and how the Fed Funds rate impacts lending and the structure of production. They consider how Austrian business cycle theory describes the distortions created by artificially low interest rates, and how interest rates ought to operate as price signals. Finally, they discuss how early recipients of newly created money and credit benefit in ways that ordinary citizens don’t.
Wish List Politics: Green No Deal
The resolution calls, fuzzily, for “a new national, social, industrial, and economic mobilization on a scale not seen since World War II and the New Deal,” but it doesn’t advertise that as a cost. It calls such a “mobilization” an “opportunity” and claims that its named predecessors “created the greatest middle class that the United States has ever seen.”
Why Wait for 2021? End the Federal War on Marijuana Now!
The Boston Globe‘s Naomi Martin and James Pindell report that all of 2020’s formally declared “major party” presidential candidates say they support legalizing marijuana at the federal level. Yes, that includes President Trump. Great idea! But why should the nearly 2/3 of Americans who want marijuana legalized spend the next 20 months listening to these candidates promise to make it happen? At least eight of them are in a position to get the job done now.
Divided (Artificially) by Government
This town in which I reside straddles the state line between Texas and New Mexico. So, it is “officially” considered two towns. But why?
The Great Pretender
The score now stands at 45 attempts, 0 successes. That is the POTUS scoreboard. Some POTUS were worse failures than others. Some came to the job with evil in his heart, others were just incompetent.
One Institution at a Time
I’m not sure when I stopped reading newspapers, but they fell out of my favor when I was a freshman in college. My professor for Advanced Composition used the local papers in every class to present to us examples of horrendously poor writing.
The Philosophy of Poverty?: My Opening Statement
The default view is that the government should dramatically expand redistribution programs, forcing the well-endowed – especially business and the rich – to provide a decent standard of living for everyone. I strongly reject this default view.
Me and Goals Have a Love Hate Thing
I like really short term goals (“publish a blog post today”), and I like really long term goals (make the world freer when I leave it than it was when I entered). I don’t like mid-term goals. They feel constraining, and unnatural. Why aim for a made-up halfway target instead of just aiming for the true, big giant end target?
Congress’s Cowardly “Emergency” Rebuke
Trump’s declaration of a fake “national emergency” was actually a declaration that he is now an absolute monarch, a dictator, no longer accountable to Congress for his actions. If that’s not covered by the Constitution’s “high Crimes and Misdemeanors” clause outlining grounds for impeachment, what is?