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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Jul30
The short answer is I don’t know. Correlation between rape and porn is slight … and negative, suggesting otherwise. But slight either way.
Can it? Is it important? Does it matter? Is it what’s really going on? In what sense?
Well, think about it. Males’ main motivation to prevent rape is not really to protect women’s […]
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Filed In: Short Blogs
Jul23
I used to think that the Jews were the good guys. Their fate is like the Chinese in Indonesia. In my image, they were nice productive businessmen that are victims of envy bigots around them.
That image gets carried into the conflicts. In my images, the Arabs, the Palestinians, and the Jews enemies, must have been […]
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Filed In: Proper Alignment
Jul10
The Jews and Palestinians have killed each other over land for thousands of years.
I was wondering. The Palestinians have controlled the land for more than 1200 years. Would the Jews mind allowing them to have the land for 60 years if that means peace? Probably not.
Some are assholes and will fight. However, most Jews are […]
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Filed In: Unmasking Moral Prejudices
Jul9
The wonder of free market is in how it properly aligns humans’ interests to what maximizes productivity as a whole.
That’s what a Korean descent economic professor taught me in US. He talked about it passionately, and I listened to it with wide open eyes.
“Free market is meritocracy,” he said with a smile enthusiastically.
Did it? Yes, […]
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Filed In: Proper Alignment
Jul6
What is marginal economy?
Think it this way, which do you need more, gold or water?
Of course you need water more.
Which one will you pay more money for? One kilogram of gold or one kilogram of water? Of course, gold.
Why?
That’s because in economy, only the marginal matters. What does that mean?
Water is precious.
However, the value of […]
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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