October 20, 2009
Robin Hanson at Overcoming Bias makes some interesting observations:
War isn’t always bad; sometimes war is required. And Obama may well be a better than average president. But this is so strange:
- Many voted for Obama saying Bush was a warmonger.
- Obama just won the Nobel Peace Prize.
- Obama doubled US troops in Afghanistan, for a net increase in US troops at war.
August 9, 2009
Below is an audio conversation from the Online Library of Liberty between Nobel laureates Gary S. Becker and Milton Friedman. It is part of The Intellectual Portrait Series: Conversations with Leading Classical Liberal Figures of Our Time.
This Title Is Available In The Following Formats:
|| A lower quality mono MP3 audio file.
|| A high quality stereo MP3 audio file.
|| A high quality stereo M4A audio file.
About this title:
Milton Friedman discusses his economic ideas with Gary S. Becker. Recipient of the 1976 Nobel Memorial Prize in Economics, Milton Friedman has long been recognized as one of our most important economic thinkers, and a leader of the Chicago school of monetary economics. A senior research fellow at the Hoover Institution since 1977, he is also the Paul Snowden Russell Distinguished Service Professor Emeritus of Economics at the University of Chicago, where he taught from 1946 to 1976. Friedman was awarded the Presidential Medal of Freedom in 1988 and received the National Medal of Science the same year.
July 29, 2009
The Nobel laureate Ken Arrow:
Oh, why health costs increase? The basic reason why health costs increased is that health care is a good thing! Because today there is a lot more you can do! Consider all these expenses that are diagnostic. Cat scans, X-rays, MRIs and now the proton-powered whatever-it-is. Something that is the size of a football field, cost $50 million, and has all sorts of diagnostic powers. A lot of these technologies clearly reveal things that would not be revealed otherwise. There’s no question about it. Diagnostics have improved. Technology has improved. You know, sending things through your blood stream to help in operations, instead of cutting you open. It’s incredible. But these things are costly. But for older people longevity is increasing by a month each year. Now, whether that creates other problems with retirement and social security is another question. But, nevertheless, preserving life is a good thing.
July 16, 2009
According to Forbes, Wal-Mart was the most generous corporation in America in 2007 (probably the world too), donating $301 million in to the Children’s Miracle Network, Feeding America, The Salvation Army, the American Red Cross, the United Way of America, National Fish and Wildlife Foundation. Wal-Mart was nearly twice as generous as the most profitable company in the world, Exxon, which gave $173 million in the same year, ranking #3 on Forbes generosity ranking.
Here’s a case that Wal-Mart deserves the Nobel Peace Prize.