hmessenheimer's Archive

Big Government versus Economic Freedom

The recent interest in North Korea provides us with another reminder. Here is a stark contrast that even makes New Mexico look good:

Maybe we could entitle it “how big government saves energy.”
HT: Grover Norquist

Posted on October 20, 2006 at 7:22 am by hmessenheimer · Permalink · Leave a comment
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Failed Education Yet Booming National Economy!

In citing David Henderson’s fine book The Joy of Freedom: An Economist’s Odyssey, George Leef explains why our national economy is doing so well despite our failed school system.
Wake up, New Mexico! You, too, can join in the prosperity.

Posted on October 12, 2006 at 9:14 am by hmessenheimer · Permalink · Leave a comment
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The Parade of Wishful Thinkers Lengthens

It’s not just the governor. Now Bernalillo County is considering a new minimum wage law:
The county proposal, calling for a minimum wage of $6.75 per hour on Jan. 1, will be formally introduced Tuesday at a County Commission meeting.
It will be sponsored by Alan Armijo, chairman of the commission. He said it makes sense to [...]

Posted on October 9, 2006 at 11:21 am by hmessenheimer · Permalink · Leave a comment
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The Gasoline Price Conspiracy

Here is my LTE to ABQ Journal in response to yesterday’s LTE by Chuck MIttlestadt:
Chuck Mittlestadt’s letter to the editor of October 4 alerts us to the big oil—Bush administration “conspiracy” to drive down gasoline prices just before the election. After this “political ploy to influence your vote,” according to Mr. Mittlestadt, you should [...]

Posted on October 5, 2006 at 11:07 am by hmessenheimer · Permalink · One Comment
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Don’t Try Drowning Your Sorrows

New Mexico was near the bottom of the recent rankings of states and Canadian provinces:
New Mexico
New Mexico’s climate for economic freedom has worsened steadily over the past
two decades, to the point that, by 2003, its overall all-government ranking was 50th,
while the subnational fell to 47th after five straight years at 44th. Size of government
helped sink [...]

Posted on October 2, 2006 at 11:49 am by hmessenheimer · Permalink · Leave a comment
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Would you rather work for $5.15 an hour or be unemployed at $7.50?

Today I was doing some research on economic freedom and uncovered this 1970 gem by Leo Rosten:
Fenwick and a friend of mine from Washington, a sociological Meistersinger named Rupert Shmidlapp, were talking about minimum wages, which Congress had just voted to raise from $1.25 an hour to $1.40—and ultimately to $1.60. Fenwick stunned Shmidlapp, [...]

Posted on October 1, 2006 at 11:08 am by hmessenheimer · Permalink · Leave a comment
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Politics of the Living Wage in Chicago

Here is interesting commentary by Robert Novak on death of the living wage in Chicago. It looks far from over, however. Wal-Mart and Target still face enormous risk of political takings in Chicago.

Posted on September 27, 2006 at 10:06 am by hmessenheimer · Permalink · Leave a comment
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Wal-Mart Politics in Chicago

Interesting commentary by Professor Roberts on suddenly understanding reality in Chicago.

Posted on September 12, 2006 at 8:12 am by hmessenheimer · Permalink · Leave a comment
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Economic Freedom of the World 2006

The Cato Institute has just released its 10th annual report on Economic Freedom. Whether it be big limitations or small limitations New Mexico continues to remain unaware of the benefits of economic freedom. For example, here is an excerpt from the press release:
“Economic freedom is unambiguously good for the [...]

Posted on September 10, 2006 at 10:31 am by hmessenheimer · Permalink · Leave a comment
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Who Will Win the Presidency in 2008?

Check out the current probablilities here. Note that these probabilities are derived from the behavior of real traders exchanging real money in a political market. If you think you have better information, then you can profit from your knowledge.

Posted on August 21, 2006 at 10:28 am by hmessenheimer · Permalink · Leave a comment
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