The trip will cost you £130,000. Virgin Galactic plans daily trips starting next year. Once released from the mother ship, the spaceship drops away to a safe distance, where the pilot ignites the rocket motor, using two cockpit switches. With an unthrottled shriek, the rocket-plane shudders to… Read More
The Minimum Wage Is Still a Bad Idea
So the talk these days involves raising the minimum wage to $9. This is not supposed to have any effect on unemployment, even teen unemployment. Now it seems at least conceivable that some teens, who tend to have no experience, are not worth hiring at… Read More
I Give Away Books at the Drop of a Hat
In my monthly giveaway, I just shipped out signed and personalized books to the following subscribers to the (free) Tom Woods Letter : Jeremy Roe Sean Hinckley Don Jungquist Frances Pickard Julie Upchurch Raymond Parady Joseph S. Haas Lisa Liddiard Mike Goethel Tami Campbell You can subscribe here . I’m sending… Read More
Prosperity and Destruction: Two Different Things
I talk 1930s and 1940s U.S. history in this appearance with Ed and Ethan .
Gun Manufacturers Refuse to Do Business With Hostile Governments
Gun manufacturers strike back .
What About All That Non-State Violence?
We occasionally hear about how much worse things were before we got the modern state and the cool 20th century. Author Steven Pinker writes, “If the wars of the twentieth century had killed the same proportion of the population that die in the wars of… Read More
Our Enemy is ‘Pessimism’! So Cheer Up, Citizen — Right Now
Too many fallacies to list in this article from the Washington Post, so let’s focus on this: “Pessimism produces a sluggish economy; a sluggish economy produces pessimism. That’s the main explanation of poor job creation. As I’ve written before, this psychological shift stemmed from the fact that… Read More
Reality Reality
Music Post #11
By no means their best work, but a life-affirming instrumental all the same. Warm Sporran, by Jethro Tull.
New York Times in 1987: Correct Minimum Wage Is $0
Amazing, but true. Here’s the op-ed . (Thanks to Michael Maresco.) It’s not totally sound, but at least they understood the problems with the minimum wage. They wonder why liberals still support the minimum wage. For one thing, because they don’t fix it to the cost of living,… Read More