I Do Not Like Green Eggs and Ham
Tuesday, July 1st, 2008Normally, on reading a pro-Green Revolution post, I’d reach for my gun. But seeing as how it’s Comrade Jim Henley, I guess I’ll just put on my contrarian hat and and mouth off a bit.
Archive for the ‘globalization’ Category
How Do You Give The Middle Finger In Semaphore?
Tuesday, June 24th, 2008Richard Posner writes:
Expanded drilling in U.S. territory (including our territorial waters) will reduce both U.S. dependence on foreign oil and the wealth of foreign oil-producing countries, many of which are hostile or potentially hostile to the United States. These are important benefits.
A friend of mine tweets, “this is simply untrue…Dependence would not be reduced in any meaningful sense.” He’s correct of course, but there’s more wrong with this claim than just the factual inaccuracy of the idea that offshore drilling can meaningfully reduce our dependence on foreign oil. (more…)
Is it a recession?
Sunday, February 24th, 2008Business Week points to the data suggesting a recession may be on the horizon: (more…)
An era of government lead globalization
Thursday, February 14th, 2008I recall in the 1990s there was a period when the media was full of fairly euphoric descriptions of the current era as one in which market forces were winning out over the state. The collapse of the Soviet Union, and the collapse of a world wide Communist movement, initiated a wave of triumphalist rhetoric about market economies. Those of a libertarian mindset thought they had something to celebrate. Nevertheless, despite the rhetoric, government agencies might be playing a bigger role in the process of globalization than ever before. Brad Sester explains: (more…)
The economy is run by government
Thursday, February 14th, 2008The U.S. economy is increasingly run by government. But not necessarily the American government. Increased globalization means other countries have an increased desire to influence the direction of the American economy. This is especially true when it comes to the value of the dollar. Relatively poor emerging economies around the world are sending their money to the U.S. in an attempt to prop up the value of the dollar. As Brad Sester points out, foreign goverments also have an interest in proping the U.S. bank sector, partly to avoid the kind of economic depression in America that would impact their exports to America: (more…)