Friday morning ramble: The ‘Bleeding Obvious’ edition
Once again, while the world burns and economic fortunes tumble, the local politicians and their commentariat are more interested in a race-based by-election and a bloke who had the temerity to point out the bleeding obvious. So let’s look at more important things, shall we?
RMA impeding economic growth: Brash - N Z F A R M E R ‘ S W E E K L Y
What would 'Party X' do about the environment? - PART 3: Replacing the RMA - N O T P C , 2007
New Zealand's Persecuted Minority: Property Owners - S C O O P , 2002
DPB - more going on than leaving – L I N D S A Y M I T C H E L L
Environment Canterbury looks to release land on Christchurch fringes for up to 5,000 homes; up to Environment Court
– I N T E R E S T . C O . N Z
Here's a thought on the Greek/euro crisis brought to you by Austrian
economic thinking. As you know, bond yields in the peripheral countries
are spiking. Greek 10-year bonds are nearly 17 per cent, Irish and
Portuguese 10-year yields are around 11.5 per cent. Conventional
thinking says these high yields reflect concerns about default.
While that's true, they also tell you something far more important.
That is, there is very little real savings left in the banking systems
of these economies. Rising market interest rates is
an indication of scarce savings. Therefore, the price of money
must rise to encourage saving and discourage consumption.
When savings are plentiful, the price of money falls to encourage
consumption and discourage saving. This process doesn't occur
in a market distorted by central banks and currency unions.
It only reasserts itself when the money fiddlers
lose control, as they now have...
- Greg Canavan, Daily Reckoning Australia
40 Years of Protecting Us from Ourselves – Valery Publius, U N D E R C U R R E N T
War on drugs produced swollen prisons and little else – Zachary Goelman, R E U T E R S
Another Admission 'War on Drugs' Has Failed
- Charlene Muhammad, N E W A M E R I C A N M E D I A
Tough birthday for War on Drugs - C H I C A G O N E W S
The Drug War: What is It Good For? – Art Carden, F O R B E S
NASA Scientist Accused of Using Celeb Status Among Environmental Groups to Enrich Himself
– F O X N E W S
Prof Kelly shows the middle way- Prof. Mike Kelly, C L I M A T E C O N V E R S A T I O N
Germany Finds Going Green is Tough Going – N C P A
Global Warming: The New Malthusian Scare – Toby Baxendale, C O B D E N C E N T R E
The Heat Is On! – Mark Thornton, M I S E S D A I L Y
"Stimulus is like using morphine to fix a broken arm"
- Veronique de Rugy, N A T I O N A L R E V I E W
”Lawmakers should face the facts: Intervention is hurting, not helping, the economy."
The One Stimulus Government Hasn't Tried – Jonathan Hoenig, S M A R T M O N E Y
[Hat tip Keith W.]
Is the U.S. Economy Actually in Worse Shape Than the Greek Economy? – P J T V
Trichet Admits the Obvious "Risk Signals Are Flashing Red"
– M I S H ‘ S G L O B A L E C O N O M I C T R E N D A N A L Y S I S
Confessions of a Price Controller - T H E A M E R I C A N
Audio slideshow: Chicago's doomed spire – Robert Bruegmann, B B C
Charlie Rose interviews Alan Greenspan – C H A R L I E R O S E
Chairman Greenspan: A Fiat Mind for a Fiat Age
- Fred Sheehan, M I S E S D A I L Y
The Phillips’ Jumble – C A F E H A Y E K
Ludwig Lachmann on Income ‘Inequality’ - C A F E H A Y E K
- Don’t worryabout (former) All Black Stephen Donald. Stephen Donald is holed up at Peka Peka Beach. Just him, a penguin, and a werewolf. [Note: Parts of this may be satire.]
Stephen Donald resting up on Kapiti Coast beach – S P O R T R E V I E W
Turning The iPad Into A Weapon - S T R A T E G Y P A G E
[Hat tip Geek Press]
- The ten best things about smartphones (and you doubted there was even one!)
Why I Love & Hate Having a Smartphone – T H E O A T M E A L
- Turns out you really can make a silk urse out of a sow’s ear.
Can Do - F U T I L I T Y C L O S E T
- In March 1974, Ayn Rand faced the improbable task of lecturing on the crucial importance of philosophy—to the graduating class of West Point. She succeeded magnificently: she attracted three times the expected attendance, she elicited an enthusiastic ovation, and her lecture was reprinted in a new philosophy textbook published by the U.S. Military Academy. Set aside a spare hour to relive this memorable occasion and insightful speech, and (re)discover the irresistible intellectual power of Ayn Rand.
Philosophy: Who Needs It - A Y N R A N D
- Parents, teachers, anyone interested in education … listen up! Here’s the ideal weekend workshop for you: a Montessori weekend in Matakana no less. What could be a better way to learn about the best philosophy in which to raise your children?
A Montessori Workshop in NZ – A M O N T E S S O R I H O M E
- Should the state waste time and resources tracking down “deadbeat dads”? Or recognise instead that just as there should be no involuntary servitude, there should be no involuntary parentitude (to coin a phrase).
Video: Fatherhood Should Be Voluntary – N O O D L E F O O D
- Here’s Paul Kelly’s tribute to a favourite place. You know, he’d give you all of Sydney Harbour, all that land and all that water, for that one sweet promenade.
- Here’s Billy Strayhorn’s impressionistic masterpiece, inspired by the sight of London’s Chelsea Bridge through the fog, played by the masterful Ben Webster. [HT Jazz on the Tube]
- And this, a few final moments from another of my current obsessions, takes up where Ben & Billy leave off.
Enjoy your weekend!
PS: Thanks to all those who deserve a hat tip, and my apologies for not remembering who was responsible for which link. My thanks, and my fault.