tag:blogger.com,1999:blog-1740670447258719504.post5231816628353703493..comments2024-03-27T03:00:27.024-04:00Comments on Facts & other stubborn things: Economic Lessons from American HistoryEvanhttp://www.blogger.com/profile/12259004160963531720noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1740670447258719504.post-70155373321444695972012-08-11T18:50:51.939-04:002012-08-11T18:50:51.939-04:00Immigration is a good thing, just so long as the i...Immigration is a good thing, just so long as the incentive isn't to gain government entitlements.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-9003482455332781952012-08-11T14:33:12.257-04:002012-08-11T14:33:12.257-04:00A publication of the college that advertises on Ma...A publication of the college that advertises on Mark Levin's radio show, where he regularly describes Obama, Pelosi, et al as "Marxists" and "statists," and tells concerned callers that Obamacare will cause their ill loved ones to be euthanized. <br /> <br />I don't entirely disagree with the bits in point 1 and especially 2. But the obsession with Solyndra is rather annoying. I don't know where to begin. Public goods lose money and positive externalities have a cost that is not directly remunerated -- that is precisely why we can't count on private industry to undertake them! And it's not as though no private loan ever went bad because the falling input prices of competitors suddenly made the venture unprofitable. And Solyndra was one of many projects given loans. And this was a loan program, not just a direct subsidy. And it was conceived in a way that maximized private initiative, rather than, say, creation of a state solar energy company. This is just not on the same scale as the Maginot line.Willhttps://www.blogger.com/profile/14943136764424893492noreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-54054679907642344002012-08-11T10:49:18.099-04:002012-08-11T10:49:18.099-04:00Speaking of success and failure, have you ever rea...Speaking of success and failure, have you ever read <i>Adapt</i> by the British economist Tim Harford? Success often starts with failure. He discusses in the book that in order to encourage research, you need a certain model...I forget what exactly however.<br /><br />But regarding the final point, this is true...but you don't seem to address Keynesian uncertainty or Ellsbergian ambiguity in depth in this instance, Daniel Kuehn.Blue Aurorahttps://www.blogger.com/profile/02044362251868221897noreply@blogger.com