Saturday, May 11, 2019

In the news, Sunday, April 28, 2019


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APR 27      INDEX      APR 29
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from FEE (Foundation for Economic Education)
RIGHT-CENTER BIAS, HIGH, non-profit organization

4 Charts That Show Markets Are Not Zero Sum Games
It is false that profit margins and labor cost margins are always inversely correlated.  Even if they were correlated, an increase in real wages doesn't necessarily decrease the profit margin.

You Have No Right to Your Culture
People have every right to compete in the cultural marketplace, but there's a simple reason people don't have a right to their culture. Why not? Because culture is… other people! Culture is who other people want to date and marry. Culture is how other people raise their kids. Culture is the movies other people want to see. Culture is the hobbies other people value. Culture is the sports other people play. Culture is the food other people cook and eat. Culture is the religion other people choose to practice. To have a “right to your culture” is to have a right to rule all of these choices—and more. Of course, “You have no right to your culture” does not mean that you’re obliged to sit back and watch your culture slip away. You have every right to compete in the cultural marketplace, to sell others on the value of your way of life. And so does everyone else who keeps the peace.

The Guerrilla War against the Perverted Textbook Market
It is not markets that are the problem, but that the textbook market is a perverted one.

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from Idaho Press
Newspaper in Nampa, Idaho

First, you should know that you can’t name a street just any old thing. You could, once, but we’re much more civilized now. In Ada and Canyon counties if you want to call a street an “avenue,” it must run north-south, generally in a straight line. Streets to be called, um, “streets,” must run east-west. A “court” is an east-west cul-de-sac. I live on a court, so there’s one hint if you’re an identity thief. A north-south cul-de-sac is a “place.” A “drive” is a meandering street running generally east-west. If the strip of asphalt in front of your house meanders north-south, it’s a “way.” If that thoroughfare runs through both urban and rural areas, we call those “roads” in the wild West. A “lane” is a private street.

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from The Spokesman-Review
Newspaper in Spokane, Washington

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