SOME ECONOMICS

Economic freedom greatest in middle America: "If you want to start a business but are not sure where to set up shop, should you head for a vibrant megalopolis like New York City? A nucleus of brainpower and venture capital like Silicon Valley? Or a city of flamboyant creativity like Miami? Actually, whether you're writing software or whipping up candy bars, chances are you would be better off in Kansas, according to The U.S. Economic Freedom Index: 2004 Report, published by the Pacific Research Institute and Forbes magazine. The report says Kansas is the state with the greatest level of economic freedom in the country, as measured by tax rates, business regulation, the behavior of the courts, and how the government spends its money."

America is not facing an unavoidable energy shortage: "The year 2004 will be remembered as a year of high prices for gasoline and natural gas, and Americans are understandably worried about the cost of energy for 2005 and beyond. But the federal Energy Information Administration (EIA) recently released a preliminary version of its Annual Energy Outlook 2005, and it paints a surprisingly optimistic picture for the decades ahead. With regard to petroleum, EIA acknowledges that global demand will remain strong, especially with China's growing need for motor fuels unlikely to subside. Nonetheless, the report does not predict runaway prices."

There is a very well-researched article here which shows that countries with British legal traditions do a lot better economically than countries which use French-based law.

In-sourcing to America. The Chinese invest in America too: "many local officials in the US are jockeying for position to win Chinese investments. Massachusetts officials, besides trying to secure investments in the fishing business, think the area is ripe for investments in medical products and pharmaceuticals. "Ultimately as they bring their products over here and need the full licensing and permitting that is required on the high-tech end of things, Massachusetts is the logical landing spot [because of the presence of legal personnel who can take care of it]," says Julian Muennich, treasurer of the Massachusetts International Trade Council. Last week, Philadelphia officials met with a Chinese delegation in New York for the Chinabrand 2005 expo. They talked about the city's educational facilities and an upcoming extravaganza called the Splendor of China, which will attract 400 Chinese companies to the city"

Federalism beats Oregon: "The McDonald's restaurant in Hermiston, Oregon is outsourcing customers drive-thru meals to North Dakota. The restaurant on Highway 395 has outsourced one of the most important jobs at the drive-through window -- order taking. When a customer drives through, they'll be patched through to Grand Forks, North Dakota to place the order. Why? Because the minimum wage in North Dakota is five-dollars and 15 cents, compared to Oregon's seven-dollars and 25 cents".

Rafe Champion has up some interesting histories of economists who deserved to have more notice taken of them.

Canadian farmers are taking action over the way their livelihood and lifestyle is being destroyed by ever-multiplying government regulations.

Government hurts family businesses: "Conservatives who believe in both tradition and the free market sometimes have struggles within their heart when they see Mom and Pop shutter their hardware store on Main Street in the massive shadow of a Goliath Home Depot. Family business is good for the family and the community, but can we really overturn the 'election' results when consumers vote with their dollars for Megacorp? On top of that, providing a greater selection of goods for lower prices frees up more capital in a community, providing an opportunity for new stores or businesses to come in and compete for that leftover cash."

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ELSEWHERE

Wishful thinking at work? The Guardian was one of the newspapers taken in by the "captured soldier" hoax. There is a wiser version of the story here. Powerline has some acerbic comments. There is a picture of the toy here

The Guardian has also at last found a way of putting an anti-U.S. spin on the Iraqi election turnout. They say that the turnout in the 1967 South Vietnam election was good too. From that they somehow manage to deduce that both the Vietnamese and the Iraqis really hate America! Would it not be just a tad simpler to conclude that BOTH the Iraqis and the Vietnamese want democracy but that the Vietnamese didn't get it? And why did they not get it? Because a peacenik U.S. Congress cut off aid to the South Vietnamese while Russia and China did NOT cut off aid to North Vietnam. There is nothing like that happening in Iraq today. TCS has some interesting comments on the matter too.

Isn't welfare wonderful? "The number of people out of work in Germany has risen above five million for the first time since reunification in 1990, the Government is expected to announce today. The rate of unemployment is likely to exceed 11 per cent, heaping pressure on the Government of Gerhard Schroeder, the Chancellor, to speed up the pace of reform to kickstart the country's faltering economy".

That's democracy: "A quarter of a century after Saddam Hussein executed its leaders and drove their comrades underground or into exile the Iraqi Communist party has resurfaced and looks set to make a respectable showing once votes are counted in Sunday's elections"

Tom Wolfe says that America's intervention in Iraq is part of a long line of American interventions abroad -- most which were in fact under Left-leaning Presidents. A good quote from the very popular Theodore Roosevelt (founder of the "Progressive" party) in 1904: ""The steady aim of this nation, as of all enlightened nations, should be to strive to bring ever nearer the day when there shall prevail throughout the world the peace of justice. ...Tyrants and oppressors have many times made a wilderness and called it peace. ...The peace of tyrannous terror, the peace of craven weakness, the peace of injustice, all these should be shunned as we shun unrighteous war. ... The right of freedom and the responsibility for the exercise of that right cannot be divorced." Very much like GWB's recent inaugural address.

Carnival of the Vanities is up again with a big range of select reading.

My latest posting on MarxWords shows that Marx despised the Russians. My latest posting on "A scripture blog" looks at "In the beginning" in both Greek and Hebrew.

For more postings, see EDUCATION WATCH, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE and LEFTISTS AS ELITISTS. Mirror sites here, here, here, here and here

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That power only, not principles, is what matters to Leftists is perfectly shown by the Kerry campaign. They put up a man whose policies seemed to be 99% the same as George Bush's even though the Left have previously disagreed violently with those policies. "Whatever it takes" is their rule.

Leftists are phonies. For most of them all that they want is to sound good. They don't care about doing good. That's why they do so much harm. They don't really care what the results of their policies are as long as they are seen as having good intentions.

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