May 22, 2009 2 Comments
- All particles might be mini black holes. Does this mean that all black holes are giant particles?
- Arnold Kling says the only two elements of the political system are Progressive Corporatism and The Resistance.
- Excellent, concise post at Tea with FT about the arbitrariness of capital requirements:
If a bank regulator decided that the minimum capital requirements for the banks depended on how much some few specially designated fashion experts fancied the colour of the tie that the borrower´s chief executive officer wore; and that capital requirements so determined could then vary between a high of 12% of the loan and a low of 0.56% would you call this a free market? Of course not, not even if instead of the colour of ties what was used were the ratings of some vaguely defined credit-default risks.
- Steve Sailer cracks me up: “Here are hardworking scientists carefully digging up stuff, but some Broadway musical expert implies that they are racist for finding it and publicizing it.”
- George Will: “The [Obama] administration’s central activity — the political allocation of wealth and opportunity — is not merely susceptible to corruption, it is corruption.” (HT Cafe Hayek)
- Did you know that if you pay off your credit card bills you’ve been “enjoying the equivalent of a free ride” compared to people who don’t? (HT Dr. Frank)
- Mencius Moldbug on academics:
Academia is a guild of talented and ambitious professionals who, by demonstrating their large and dextrous brains – not to mention their impeccable networking skills, and their infinite patience with the brown product of the cow – extract money, power, and/or status from USG [the U.S. Government].
- Bryan Caplan on the Human Development Index (HDI):
Scandinavia comes out on top according to the HDI because the HDI is basically a measure of how Scandinavian your country is.