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Posts by Kathleen McCaffrey  (Page 3)

The EU sense of humor.

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Posted by    Friday, November 18, 2011 at 3:00pm

It’s easy to pick on the EU’s operation in Brussels. When they aren’t spending six figures on cocktail parties, they choose to spend their time whining or condemning things normal people don’t even think to discuss. For example:

Brussels bureaucrats were ridiculed yesterday after banning drink manufacturers from claiming that water can...

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The most articulate advocate of freedom.

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Posted by    Wednesday, November 16, 2011 at 1:40pm

I’m not one for commemorating anniversaries and dates. And, even if I was, I can’t attach a date to most of my important revelations and discoveries.

That being said, I do have an exception.

Milton Friedman died exactly five years ago today. I remember this well because I had never heard of him...

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Baker Boycott

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Posted by    Tuesday, November 15, 2011 at 1:35pm

I came across a story about a Christian baker in Iowa who is being boycotted for refusing to work with a gay couple.

I love boycotts with a passion, regardless of which side I’m on. Commerce is meant to be a voluntary association where goods are exchanged. Oftentimes prices, competitors,  or...

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Your Daily Reminder

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Posted by    Tuesday, November 15, 2011 at 12:00pm

that free markets are integral to growth, prosperity and betterment in a modern society:

In fifty years Hong Kong was transformed from one of the poorest places on earth to one of the richest.

Despite having no natural resources, indeed not even enough drinking water to support its population; despite terrible over-crowding; despite the absence...

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OccupyCornell, part two.

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Posted by    Saturday, November 12, 2011 at 11:51am

I, alongside my friends from the libertarian and Republican clubs, went to the OccupyCornell weekly meeting yesterday afternoon. It was a tremendous departure from the “real” OccupyWallStreet and, thus, far more tolerable. However, it was still pretty pathetic. Here’s why:

What are these guys protesting? “The Ivy to Wall Street Pipeline.”

“It is...
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Constructive Procrastination

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Posted by    Friday, November 11, 2011 at 10:30am

Dr. David Friedman posted a link to his most recent work on his blog. The selection is titled “Legal Systems Very Different from Ours” and it is a really fascinating read.

In Athens:

The A...

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When the hand that feeds you also bites you

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Posted by    Thursday, November 10, 2011 at 3:39pm

From the WSJ:

Wall Street may have lost its appetite for Mario Batali.

Mr. Batali, the celebrity chef famed for his orange Crocs, red pony tail and bold ragus, has long been one of the premier restaurateurs to the New York financial elite….  Speaking on a panel at a Time magazine “Person of the...

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Chinese state “capitalism”

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Posted by    Wednesday, November 9, 2011 at 3:04pm

As I mentioned yesterday, Ying Ma came back to Cornell last night to present her take on “Chinese state capitalism.” I took notes on the presentation:

Basic overview: In the 1990s, China had an acrimonious relationship w. US. Politicians and commentators were constantly complaining about China’s stance on human rights & allegations...

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Ying Ma visits Cornell

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Posted by    Tuesday, November 8, 2011 at 11:43am

Ying Ma, a former president of the Cornell Review, has come back to campus for a visit. She’s definitely one of the better-known names with Review pedigree. (J.P. Freire & Ann Coulter are two other prominent Review alums.) She released a book last year,

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An Apt EU Comparison

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Posted by    Monday, November 7, 2011 at 4:45pm

Over at the DailyBeast, Stefan Theil has a really great write-up about rich nations interacting with poor nations, using a comparison of Texas/Louisiana/Florida & Greece/Italy/Spain.  

Imagine 27 Barack Obamas and John Boehners trying to get a debt and banking crisis under control. That, in essence, is what the Europeans are...

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Spotted in the People’s Republic

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Posted by    Sunday, November 6, 2011 at 2:30pm

of Ithaca. My first worthy bumper-sticker sighting where I had my cell phone handy!

My biggest pet peeve are people who think voluntary actions are involuntary (& vice versa).

For example:

This doofus probably thinks that labor in the Third World is involuntary and that people in impoverished countries have the option to say, work a cushy job making artisan purses with colorful beads if only sweatshops weren’t an option. This is, of course, a developed world projection:

Contrary to what you have heard, sweatshops in third-world countries are a good deal for the people who work in them. Why? Because work, other than slave labor, is an exchange. A worker chooses a particular job because she thinks herself better off in that job than at her next-best alternative. Most of us would regard a low-paying job in Nicaragua or Honduras as a lousy job. But we’re not being asked to take those jobs. Those jobs are the best options those workers have, or else they would quit and work elsewhere. You don’t make someone better off by taking away the best of a bunch of bad choices.

But this particular car got better.

“Another man against violence against women”; “Danger: Educated Worker”; “Get Corporations off Welfare” (drat, I agree with that one); “Green Party”; “End American Fascism”…

Oh Ithaca, this was a treat.

 
 
 

What 1.8 Billion People Do

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Posted by    Friday, November 4, 2011 at 10:25am

My friend Zach linked to this amazing article this morning: The Shadow Superpower.

In many countries — particularly in the developing world — System D [the black market] is growing faster than any other part of the economy, and it is an increasing force in world trade. But even in developed countries, after the...

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Libertarianism.org

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Posted by    Thursday, November 3, 2011 at 2:24pm

I’m proud to announce the birth of a new website, libertarianism.org, a project of the Cato Institute. The site is a one-stop shop for the ideology. I’ve been combing through it all morning and there’s really nothing quite as comprehensive in terms of scope. It spans from Charles Murray to Murray Rothbard.

I...

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Corzine’s parachute

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Posted by    Wednesday, November 2, 2011 at 3:05pm

As it has been widely reported, Jon Corzine will get a golden parachute valued at $12.1 mn after driving MF Global into the ground. Fair enough. After all, it wasn’t paid for with taxpayer money and the firm failed by making some appallingly bad bets.

My only wish is that Corzine takes this...

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That’s still going on?

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Posted by    Tuesday, November 1, 2011 at 1:40pm

During my morning peruse through the paper, I found a shocking headline: Bullet train cost estimates rise to $98.5 billion.

I wasn’t surprised at the cost; it’s well-established that “infrastructure spending” is a fancy way of saying “giant black money hole.” (Hooray for inflation to boot!) I’m just surprised that California hasn’t...

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I loathe lamp.

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Posted by    Monday, October 31, 2011 at 2:33pm

 I was over at #OWS yesterday and I know the LI readership will be pleased to hear that the movement is still going strong. This is despite Mayor Bloomberg's crackdown on their primitive heating system.What will be the next challenge for the organizers? After, you know, taking down the man, a...

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Say what you will about Peter Schiff

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Posted by    Friday, October 28, 2011 at 2:30pm

but he totally wrecks Cornel West in this recent TV interview that I have deemed a must watch.  Once Cornel West makes a fortune off of reading the market, I’ll start listening to his explanations of crises.

By the way, I’m fairly certain that everyone who pines for Glass-Steagall does not know what the hell...

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