BLIP

Globalization, Greed and Outsourcing: Nothing More Than a Huge Trap

I am grateful for this article and for the reference to Ludwig von Mises.

t I understand something about human behavior after teaching ages 5 - 14 in the same town for thirty years. Our emotions may not mature much after age 15---until 40. I witnessed one generation grow and, as parents, attempt to create a better life for their children. When economics supports that compelling desire and serves as a way of sharing a sustainable good life, all will live well. Then, ostentatious strutting will not be admired, boats and extra homes won't get tax deductions and celebrities will be less symbolic. Rather than prisons, schools will be a growing industry. Medical care will be more like public education, both doctors and teachers will be respected and all will be comfortable living within a range of having enough. Competitors will find excitement and fulfillment without power struggles that become violent. Bad days will not be so awful that we use drugs to face the next day. People will express anger peacefully, without hurting children. Without child abuse, evil will disappear from our world and we will enjoy heaven on earth.

The Irony of Defense Economics

The law that reversed rules established under FDR was passed under Ronald Reagan. Capzles and Truthdig tell the story in a beautiful way in "Financial Meltdown 101."