by Henry Oliner | Oct 20, 2009 | Random
I just completed a 600 mile drive from Bloomington, Indiana after visiting with my daughter at IU for her birthday. Some thoughts on the ride home: America is obese. As a rule I pick a restaurant by looking at the patrons and thinking if I want to look like them in...
by Henry Oliner | Aug 13, 2009 | Business, Economics, Politics
The cash for clunkers is a clear example of the economic fallacy known as Bastiat’s fallacy. We see the results of the expenditure- a sharply increase in auto sales- but we ignore the real cost of the program because we do not see it. That $4500 spent on...
