Late Night Reading
The 2nd edition of Carnival of the Capitalists is up at Jay Solo’s place.
Economics
Your Tax Dollars at Work
In the wasted money department this is today’s leading foolishness:
the Bureau of Engraving and Printing is spending $30 million to advertise that it is making a redesigned $20 bill.
It’s not as if people are going to toss these twenties in the trash when the ATM spits them out.
Via Poliblog.
Late Night Reading
Micha debates the gay marriage issue at Georgia Tech.
Ampersand has an 8 part series on the Wage Gap between men and women. Part one is here.
Mark Kleiman has more on the Plame affair.
Enron 101 from MSNBC. Via Ruminate This.
Good Night!
From Each According to His ‘Ability’…
From ChronWatch:
The UC Board of Regents is considering a proposal that would make Marx proud � an arbitrary fee increase for many middle and upper income students, regardless of equity or ability to pay, in a misguided attempt to help the UC system sidestep the current budget crisis.
The proposal, which would be the first surcharge of its kind in the country, would increase fees for approximately a third of the students in the University of California system by as much as $3,000, based on an arbitrary determination that a $90,000 family income makes one wealthy, and thus able to pay more for the same education.
Well, I hope this does not get past the ‘considering a proposal’ stage.
Via The Noble Pundit.
Turn up the Radio, Honey!
How is this different from today’s radio or TV?
He was required by law to wear it at all times. It was tuned to a government transmitter. Every twenty seconds or so, the transmitter would send out some sharp noise to keep people like George from taking unfair advantage of their brains.
The quote is from Kurt Vonnegut, Jr’s Harrison Bergeron which is included in the new compilation: The Literary Book of Economics. It is definitely worth taking a few minutes to read!
Recommended by Marginal Revolution.
PS: Does this book support this statement from The Leiter Reports:
Economists, of course, take the existence of a Nobel Prize in their field as an indication of the closeness of their field to real science. But perhaps the best rationale for a Nobel Prize in economics is its proximity to literature?