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Posts by Kathleen McCaffrey  (Page 4)

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.

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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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George Soros diversifies his portfolio of evil

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Posted by    Thursday, October 27, 2011 at 12:05pm

Apparently George Soros foot the bill of the Frank La Rue’s ‘research’ for the UN that concluded that the Internet is a “human right” subject to the same creeping legislation and special interests as every other ‘right.’

Advocates of net neutrality, a position championed by the billionaire Soros and by the U.N.,...

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Kling on Journos

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Posted by    Tuesday, October 25, 2011 at 1:20pm

Arnold Kling struck a great chord in a recent post on EconLog:

From the perspective of a macroeconomic textbook, journalists write as if the aggregate supply curve is nearly vertical with respect to monetary policy and nearly horizontal for fiscal policy.

1. You would be rich if you had a dollar for every...

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Black Wednesday, or why I am not a utilitarian

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Posted by    Monday, October 24, 2011 at 2:30pm

Today in London: 

Conservative rebels pushing for an in-or-out referendum on Europe are riding the tide...

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If you have good blood pressure,

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Posted by    Sunday, October 23, 2011 at 2:15pm

I recommend reading this discussion between Eliot Spitzer and a protester from Occupy Wall Street. It is actually pretty interesting and shows that Spitzer hasn’t forgotten how to speak like a politician:

MM: You think representative democracy is the best system we’ve got?
ES: Yes! I say that without any hesitation. Because it...

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CA Finalizes Cap and Trade

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Posted by    Saturday, October 22, 2011 at 1:15pm

California’s streak of bad governance is coming to a climax with the finalization of their cap and trade legislation:

California’s plan to cap greenhouse gas emissions and put a price on carbon is set to take effect on Jan. 1 after...

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