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A Few Quick Notes

I wish I had time to blog each of these properly, but I don't. I'd rather link to them briefly than leave them totally unmentioned.

George Reisman posted a new and excellent article, Reducing Poverty by Reducing Government. He argues very forcefully (and of course I would say persuasively) against the minimum wage and also prounion and licensing legislation. The article also covers many other minor points. There's a whole bunch of commentary on it also, of widely mixed value. Originally I had wanted to fisk some of it, but I don't have time.

Kofi Annan thinks it's "inconceivable" that oil-for-food corruption lead to bribery in the Security Council. He keeps using that word. I do not think it means what he thinks it means.

I'm shocked, shocked to learn that the oil-for-food investigation is continuing to meet resistance. It's not like there was widespread corruption or anything, right? Surely nothing that would implicate the head of the program, or Kofi Annan's son, or France or Russia or China?

In better news, via the WoC Iraq Report I learned that Iraq will phase out its subsidies. That's an amazing and wonderful accomplishment. Wish we could do it in the United States, too…

Your Cap'n made an appearance in this week's Carnival of the Capitalists. A stock trader enjoyed my article about the productivity of stock trading. Makes sense!

Unhappily, my e-mail isn't working well at the moment. It appears to be some kind of problem on the server. I haven't been receiving e-mail most of the day. Hopefully things will be back to normal soon.

Tiny Island