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Thursday, July 31, 2014
Stumbling and Mumbling: The economic base of virtue
Stumbling and Mumbling: The economic base of virtue
ResPublica's call for more virtue in banking looks like it is out of step with our times. This is an indictment not of ResPublica, but of our times. In fact, virtue is necessary for a healthy free market economy because virtuous men do the right thing without law, and so virtue is an alternative to an arms race between ever-increasing regulation and ever more cunning attempts to game such regulation. Free markets, in this sense, need a moral framework.
ResPublica's call for more virtue in banking looks like it is out of step with our times. This is an indictment not of ResPublica, but of our times. In fact, virtue is necessary for a healthy free market economy because virtuous men do the right thing without law, and so virtue is an alternative to an arms race between ever-increasing regulation and ever more cunning attempts to game such regulation. Free markets, in this sense, need a moral framework.
Tuesday, July 29, 2014
Monday, July 28, 2014
Friday, July 25, 2014
Thursday, July 24, 2014
Tuesday, July 22, 2014
Ivy League Schools Are Overrated. Send Your Kids Elsewhere. | New Republic
"High status man living an unfulfilled life becomes disillusioned with his status, it's all derivative from Ecclesiastes."
Ivy League Schools Are Overrated. Send Your Kids Elsewhere. | New Republic
Monday, July 21, 2014
Senate Inquiry Faults Hedge Funds' Tax Strategy - NYTimes.com
The secret to Renissance: 17:1 leverage.
Senate Inquiry Faults Hedge Funds' Tax Strategy - NYTimes.com
Sunday, July 20, 2014
Tuesday, July 15, 2014
Monday, July 14, 2014
Sunday, July 13, 2014
Saturday, July 12, 2014
Friday, July 11, 2014
Thursday, July 10, 2014
Race Is On to Profit From Rise of Urgent Care - NYTimes.com
Race Is On to Profit From Rise of Urgent Care - NYTimes.com:
This is the choice americans always make:
"But some family physicians — who stand to lose business to the newcomers — wonder if patients are trading quality for convenience."
This is the choice americans always make:
"But some family physicians — who stand to lose business to the newcomers — wonder if patients are trading quality for convenience."
Wednesday, July 09, 2014
Tuesday, July 08, 2014
Help Wanted: Jobs in Trucking Go Unfilled - WSJ
Help Wanted: Jobs in Trucking Go Unfilled - WSJ:
Not a skills mismatch, but a pay mismatch. At least the WSJ now writes it in the article.
But a key benchmark of labor-market health—wages—hasn't climbed substantially in recent months, suggesting that although some employers say hiring is difficult, they haven't felt pushed to raise pay to attract workers. Average hourly earnings for nonsupervisory workers rose 0.2% in June from May
Not a skills mismatch, but a pay mismatch. At least the WSJ now writes it in the article.
But a key benchmark of labor-market health—wages—hasn't climbed substantially in recent months, suggesting that although some employers say hiring is difficult, they haven't felt pushed to raise pay to attract workers. Average hourly earnings for nonsupervisory workers rose 0.2% in June from May
Monday, July 07, 2014
Saturday, July 05, 2014
Friday, July 04, 2014
Thursday, July 03, 2014
Wednesday, July 02, 2014
Tuesday, July 01, 2014
North Dakota's Latest Fracking Problem - WSJ
I flaring were illegal they would not do it>
Tragedy of the commons.
North Dakota's Latest Fracking Problem - WSJ