Category Archives: economics

Suing OPEC

House passes bill to sue OPEC over oil prices “The House of Representatives overwhelmingly approved legislation on Tuesday allowing the Justice Department to sue OPEC members for limiting oil supplies and working together to set crude prices, but the White House threatened to veto the measure.” […] “‘This bill guarantees that oil prices will reflect […]

Self-Preservation and Job Security

A recent post, 96% of Ordinary People Know That Modern Art is Crap and Artists Are Pompous Narcissists, reminded me of the simple fact that every field is self-preservative. That is to say, of course art professors are going to say that people need to be educated, and need to be “woken up,” or something […]

$600 Million Slot Revenue: Jackpot or Ripoff?

Pennsylvania’s Democratic legislators are very proud of themselves for reducing property taxes by offsetting them with slot machine revenue. “Pennsylvania’s budget secretary this week certified that the state’s slot machine facilities have now produced enough revenue to begin reducing property taxes – more than $600 million for homeowners statewide.” I do not understand why this […]

Don’t Bite the Hand That Feeds You

Fedora tip to for linking to this Publius Endures post, which wisely points out, “It’s awfully easy to advocate for more government programs when you don’t actually have to pay into those government programs.”

Neoliberalism? No, Thanks.

I’m not sure if Philip Bobbitt is malicious, mentally deranged, or merely foolish. To wit, this review of his latest book: “What’s needed is a constitutional order that takes its structural cues from multinational corporations and nongovernmental organizations, relying ‘less on law and regulation and more on market incentives’ to expand people’s options. Such a […]