"Union May Sue if Too Many Floridians Demand School Choice" from Cato@Liberty:
"So the Florida Education Association is saying that if too many poor parents want to escape the public schools and get their kids into independent schools, it will shut them and this whole program down.
That is evil."
I can't imagine how the teachers feel they have been wronged by parents being able to decide for themselves which school they'd like to send their kids to. Another example of groups with a little power trying to use that power to coerce people to do things the group feels are in the best interest of the people.
"A correction was inevitable and the sooner we work through it, with a minimum of disorder, the sooner we will see home values stabilize, more buyers return to the housing market, and housing will again contribute to economic growth," he said on prepared remarks for delivery to the U.S. Chamber of Commerce.
The U.S. Treasury chief also said no one should conclude that broker-dealers and other big financial firms will get permanent access to new lending facilities made available by the Federal reserve to ease market stresses."
Reason spoken. Finally.
"Does Bear Stearns Bailout Set a Bad Precedent?" by Russell Roberts (HT: Club for Growth):
"[P]rofit does play a major role in making our world go round. Without profit, there's no point in taking risks. Without risk-taking, there's no investment. Without investment, there's no growth. Profits are the cornerstone of our economy and our way of life.
But as Milton Friedman liked to point out, our economic system isn't just based on profit. It's a profit and loss system. It's the combination that sustains and enhances our standard of living.
Yes, the potential for profit encourages people to take risks. But without the potential for loss, you have reckless risk-taking. You have risk-taking without prudence. Without the potential for loss, irresponsibility goes unpunished."
People are afraid of profit-making as if it's something sinful. Greed and self-interestedness are the forces behind profits, so there is no virtue in making a profit. But as he says, without the potential for profits, there would be no investment, innovation, and growth. On the other hard, though, without the potential for loss, you have excessive risk-taking and moral hazard.
"Seriously, How Do You Flip from Romney to Obama?" Stephen Bainbridge (HT: Glenn Reynolds, via Club for Growth):
I have no idea.
"Artificial Standards" Radley balko at Fox News (HT: Club for Growth):
Just kind of an update to this post talking about the mortgage guild. My favorite:
"IJ has been successful defeating laws in several states that would require African-American hair-braiders to obtain a beautician's license, which generally means thousands of dollars on cosmotology school, and accumulating hundreds of hours of training they don't need."
"Why Give Shoppers This...If They Already Have This?" Chicago Tribune editorial (HT: Club for Growth); you've got to click on the story to see the picture:
"[T]his controversy has always been more about what's on the shelves than how many shelves there are. Wal-Mart is the nation's largest retailer—and the nation's largest grocer. Organized labor is determined to protect its unionized ranks at area Jewel and Dominick's grocery stores. That means it's determined to keep Wal-Mart and its big grocery departments out of Chicago."
Just like the licenses, this is just protectionism on a local scale. Russ Roberts weighed in on this story here.
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