Friday, August 22, 2008

Quotes of the day

When you know that the state rather than parents ought to be raising kids, evidence is not going to make a difference.--Arnold Kling

A white Democrat midget called Dennis Kucinich runs every four years on Obama-like platforms and is routinely laughed out of the contest.--Tim Blair

Title IX says that if Columbia University has varsity sports for men, it has to provide equal varsity sports for women. So I’m using that varsity sports analogy by saying the Women’s Studies is the varsity sport of college co-education. Therefore, Columbia University has to provide a Men’s Studies program if they want to be equal.--Roy Hollander

The way to make yourself really miserable is to compare your salary to that of the most overpaid, incompetent peer or superior. The way to make yourself feel really good is to compare your salary to others at the company who are even more undervalued than you are. 99% of people opt to make themselves miserable rather than feel good.--Arnold Kling

... the wind power advocates see no problem with putting thousands of windmills on hundreds of square miles of land. Yet they are adamantly opposed to drilling on 2,000 acres of ANWR. Tell me, which do you think would pose more of a threat to wildlife - an oil rig on 2,000 acres or thousands of spinning windmill blades on hundreds of square miles?--Bruce McQuain

First, every day spent on this is a day Obama can’t bolster his foreign policy credentials, talk about the economy, or reassure voters he has gravitas. Second, Obama’s liabilities far outweigh McCain’s. Rezko’s buddy vs. the POW? Chicago politics vs. McCain the maverick? The McCain team would be thrilled to make this a contest of biography and character. And remember those liberal pundits who warned that if the contest was about Obama he would lose? Well, McCain is about to make it about Obama.--Jennifer Rubin

The authority to issue a dissent to an order to dismiss a petition for certiorari is likewise well established. . .A majority vote to censor a justice of the court and prohibit the issuance of a dissenting opinion may be unprecedented in the history of American jurisprudence.--Oliver Diaz, Mississippi Supreme Court Justice

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We are at a Smithian moment, in which the temptation for the Fed to spend its last dime of credibility may prove irresistible. Investors are already being taxed by inflation and can rationally expect that tax rate (the inflation rate) to be raised going forward. Wages are not keeping up. Main Street is being taxed to fund Wall Street excess. Anyone who works, saves and invests is exposed to confiscation of his capital and earnings through inflation.

If the Fed maintained its independence of action and said no to the inflationary finance of Congress's profligacy, we wouldn't have reached this point. But the Fed has forsaken that independence amid an absence of leadership.--Gerald O'Driscoll, Jr

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Economists are generally wrong with complicated models but right about concepts. For example, they know that additional domestic drilling won't make much of a dent in the energy problem. And they know that free trade is generally good for all economies. (You can argue with my examples, but the point is that some things are generally known by economists while not being understood by the general public.)

By analogy, a mechanic knows that changing your oil is good for your engine, but he can't tell you what problems you will have with your car next year. You shouldn't ignore the mechanic's advice on changing oil just because he doesn't know when your battery will die, or because he didn't personally perform any scientific studies on oil changes.--Scott Adams

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