Oct27
Individual freedoms correlate positively with efficient allocation of resources.
Countries that respect individual freedom are rich and that must because people in those countries realized, often correctly, that their interest match their productivity.
So we wouldn’t make much mistake if we “define” individual freedom by lack of market distortion governments’ create. That’s what we’ll do in this article.
Say government says that you cannot buy orange. Than governments trample on your individual freedom, namely your right to buy orange.
But it depends on the punishment. We can’t say the government violates our individual freedom if the punishment is too light.
Say the government says that if you buy orange you need to be fined by $1. Then well, that’s your oppression. $1. Big deal.
Say the market price for apple is $5 and government says that it should be $6. So every time you buy an apple you are fined $1. Tax and fine is the same thing.
That also means that orange suppliers get a subsidy of $1.
Also by being a consumer of orange rather than the supplier, you forgo the $1 subsidy that the orange supplier makes. So that’s another $1 punishment for you for every orange you fail to make. Government has forced everyone to produce orange by not giving them $1 that government gives to orange producer.
The same way free health care is punishment against those who are healthy. Free education is punishment for those who do not have kids. If paid by income tax, that means punishment for those who earn money.
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Jul12
Which comes first, chicken and egg. Some of you are philosophical and realize that eggs DNA do not change for the whole of life time and hence egg is the right answer. However, most of the time it doesn’t make any different.
Eggs cause chicken and chickens cause eggs. Both are correct. It’s not a circular […]
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Filed In: Education
Jul6
Humans maximize their profit.
That’s the first and, within reasonably deadly accuracy, the only thing you need to know about humans.
“I cannot forecast to you the action of Russia. It is a riddle wrapped in a mystery inside an enigma: but perhaps there is a key. That key is Russian national interests.” Winston Churchil
So does […]
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Filed In: Short Blogs
Jul2
In front of TV, I saw a bunch of people discussing the merit of the new anti porn regulations.
A Muslim candidate says that the anti porn regulation is not a Muslim issue. She argued that in US, the Christians oppose porn too.
This while in Indonesia, the largest Muslim country in the world, kids are free […]
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Filed In: Short Blogs
Jun26
I was driving home from a marriage party. My girlfriend is driving because I can’t drive. Suddenly someone yell swear words at us. Then that guy stops in front of us. We apologize not understanding what’s wrong. They claimed that my gf hit brake suddenly. They look like they want to fight and keep yelling […]
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Filed In: Unmasking Moral Prejudices
Jun20
It’s happier to those who give than to those who receive if and only if the marginal cost of the objects being given is lower than the marginal revenue of the money equivalent of increased utility function due to higher reproductive success.
Those who give sperms, for example, are much happier than those […]
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Filed In: Short Blogs
May1
Economic analysis of land acquisition through war and some alternative means
By Jim Thio
http://GeneTips.com
In the movie Munich, a Palestinian character says that they will fight and sacrifice all their kids for the land if it means they’ll eventually have it after 300 years.
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Filed In: Proper Alignment