Sat 5 May 2007
Cartoon of the Day « The Everyday Economist
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Sat 5 May 2007
Posted by Joe White under Uncategorized
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Fri 4 May 2007
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Improve your photography with clasical art.

Neat little how-to to add some ‘oomph’ to pics using Photoshop and great paintings, from James Delaney of Austin. (ht bb)
Tue 24 Apr 2007
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If you don’t already know the song, a warning: the lyrics are slightly risqué, but, boy, is it funny! It’s by a guy named Mike Hightower in Chicago.
Wed 18 Apr 2007
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Home Depot - Free Compact Fluorescent Lightbulbs on Earth Day:
Head over to Home Depot on Earth Day, April 22, 2007 for a free Compact Fluorescent Lightbulb. That single lightbulb will use 75% less energy, and last up to 10 times longer than an incandescent bulb. [Thanks, Nick!]
Wed 11 Apr 2007
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The Perfect Bacon Sandwich Decoded: Crisp and Crunchy - New York Times
Researchers at Leeds University spent more than 1,000 hours testing 700 variants on the traditional bacon sandwich….
Fri 23 Feb 2007
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Cafe Hayek: The Economic Meaninglessness of Political Borders:
Sheldon Richman, of the Foundation for Economic Education, firmly grasps what Adam Smith meant when that Great Scot wrote in The Wealth of Nations the following wise words:
In the foregoing Part of this Chapter I have endeavoured to shew, even upon the principles of the commercial system, how unnecessary it
is to lay extraordinary restraints upon the importation of goods from
those countries with which the balance of trade is supposed to be
disadvantageous.
Nothing, however, can be more absurd than this
whole doctrine of the balance of trade, upon which, not only these
restraints, but almost all the other regulations of commerce are
founded.
In this essay, Richman wisely asks
What is an export? What is an import? These words are defined in reference to political boundaries of only one kind: national boundaries. If there were no such boundaries, there would be no exports or imports. But political boundaries are just that.
They are not economic boundaries. To the extent that they can, people
go about their business as though those boundaries weren’t there.
People cross the Canadian-American and Mexican-American borders to
transact business every day. If they give them a thought it is only
because governments put up barriers patrolled my armed guards who make
them wait in line. People learn early in life that they can gain
immensely from trade, and with that understanding comes the insight
that it doesn’t much matter on which side of a Rand-McNally line your
trading partner lives.
So the very concepts imports and exports are
founded on an arbitrary construct that has little practical consequence
for people’s economic activities. Back in the 1980s, when
neomercantilists feared Japan’s economic success at selling us stuff
(seems a little crazy now, no?), I used to ask what would happen to the
trade deficit if Japan were made the 51st state. Obviously, the deficit
would have disappeared because we don’t reckon trade imbalances between
states. Why not?
In reality, then, there are no imports and
exports. There is only what I make and what everyone else makes. Few
people would want to live just on what they themselves could make. Frederic
Bastiat pointed out that each of us daily uses products we couldn’t
make in isolation in a thousand years. Talk about poor, solitary,
nasty, brutish, and short! "What makes this phenomenon stranger still
is that the same thing holds true for all men," Bastiat wrote. "Every
one of the members of society has consumed a million times more than he
could have produced; yet no one has robbed anyone else."
This is just another way of saying that the case for
free trade is conceded the moment someone eschews self-sufficiency.
After that, we’re just haggling over the size of the trade area. But if
free trade (read: division of labor) is good, then the bigger the
free-trade area the better. Globalization should be the worldwide
removal of all barriers to the exchange of goods and services — rather
than trade managed through state capitalism and multinational
bureaucracies. Unilateral, unconditional free trade is the smartest
policy.
Thu 22 Feb 2007
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Market approach recasts often-hungry Ethiopia as potential bread basket | csmonitor.com
From famine under socialism to becoming a grain exporter under the free market.
Fri 16 Feb 2007
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Wheel of Food:
David Pescovitz:

Unsure of where to go for lunch? Spin the Wheel of Food, a silly-fun interface for Yahoo! Local created by Jim Bumgardner. (He also made a Wheel of YouTube and lots of other experimental interfaces for online data from sources like Amazon and MagazineArt.org.)
Link to Wheel of Food, Link to Baumgardner’s Coverpops (Thanks, Mike Love!)
Wed 14 Feb 2007
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From Café Hayek:
Hmmmm:
What a world we live in. At Midomi, you can hum or sing a few bars of a song and it will find a recording of the song for you along with a bunch of amateur renditions. It’s a great time waster and a way to amaze your kids. It actually works which is marvelous and beautiful, though it may not have your song in the database, yet. Why is it called Midomi? Check out the logo.(HT: MyDigiMedia)