Unexpectedly Intriguing!
19 January 2007

The next edition of On the Moneyed Midways will be out tomorrow. In the meantime, we've been accumulating some excessively random thoughts....

This may be The Most Mind-Blowing Mathematical Function Ever!

If it takes an entire village to raise a child in the third world, and just one or two parents to do the same job in the United States, doesn't that say a lot about the productivity levels of people in both places? And why would lowering the productivity of U.S. parents be desirable, as one assumes Hillary Rodham Clinton would argue?

What's the matter with Pigou? Fans of Pigovian taxes keep coming up with proposals to tax the hell out of gasoline, but we wonder why they have never even mentioned imposing taxes on ethanol-based fuels, which by Pigovian reasoning, should have some pretty substantial taxes slapped on them? In effect, how is this any different from rent-seeking where the power of the government is used to pick winners and losers based on little other than the political connections of the players?

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