A good analogy of this fact from the Wall Street Journal: Mr. Rangel and House Democrats are also banking on the idea that raising tax rates by 20% will raise 20% more tax revenue, but that’s like telling Wal-Mart it can raise prices by 20% and get 20% more profit. When taxes on the rich […]
More Apollo 11 Pictures
Here is an excellent series of Apollo 11 pictures that were sent my way. They cover before the launch, to the launch, to the return. Really well done.
Forty Years Ago Today We Took Off For the Moon
It is still incredible that we went to the moon — and returned our people safely home. This is an achievement to be celebrated both in itself and for what it represents — that we are a society that is willing to do big, bold things. Here is a short recap and some photos (via […]
The Housing Boom and Bust
Thomas Sowell’s new book, The Housing Boom and Bust, would be worth a read by those wanting to learn more about the housing bust and its role in the current financial crisis. From the Amazon product description: This is a plain-English explanation of how we got into the current economic disaster that developed out of […]
Cost Versus Efficiency in Health Care
From economist Greg Mankiw’s blog: Advocates of government-run health insurance like to point to Medicare’s low administrative costs (which, as I noted yesterday, is a controversial claim). But even if that factual claim were true, the argument would hardly be dispositive as to the greater efficiency of a publicly run system. As I put it […]
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