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Another reason to watch Seinfeld reruns. Economics lessons taken directly from the "show about nothing." http://yadayadayadaecon.com/clip/67/


The Soup Nazi (The Economics of Seinfeld)
yadayadayadaecon.com
The Soup Nazi makes delicious soup—so good there's always a line outside his shop. He refuses service to Elaine, and by a stroke of luck she comes across his stash of soup recipes. She visits his shop and informs him that his soup monopoly is broken, while waving his recipes in his face. Also in thi…
Wed, 03 Dec 2014 16:15:10 +0000
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Happy Thanksgiving and a hearty huzzah for property rights. https://www.youtube.com/watch?v=66QdQErc8JQ


The Pilgrims and Property Rights: How our ancestors got fat & happy

The Pilgrims founded their colony at Plymouth Plantation in December 1620 and promptly started dying off in droves. As the colony's early governor, William B...
Tue, 25 Nov 2014 16:14:47 +0000
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"Swanson regards the government for which he works as 'a greedy piglet that suckles on a taxpayer’s teat until they have sore, chapped nipples...'"http://www.nationalreview.com/article/392713/hayekian-hoosier-charles-c-w-cooke


Charles C. W. Cooke - The Hayekian Hoosier
www.nationalreview.com
Editor’s Note: This article originally appeared in the November 3, 2014, issue of National Review. However talented he may be, no writer will ever be safe from his audience, for it is they who will eventually pronounce upon his meaning. Ray Bradbury once stormed indignantly out of a class at UCLA a…
Tue, 18 Nov 2014 15:32:43 +0000
Last Refreshed 12/17/2014 7:03:03 PM
KPIBlog
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Plenty of Inefficient Spending in Wichita's Budget
Posted by Dave Trabert on Friday, June 15, 2012
It's always interesting to see how government's view of the world is so much different than the private sector's.  Last week President Obama said the private sector was 'doing fine' even though there are still 6 million fewer jobs than at the beginning of the recession.  Now the City of Wichita says a 0.4% budget shortfall is 'pretty grim'.  Finding $2.4 million in a $549 million budget is barely a rounding error.

In 2011, the City spent $3.4 million on overtime.  Wichita spent $706,343 in payroll on gardeners and $822,037 on tree maintenance workers (5 supervisors for 15 workers).  Did you know the City employs a Tennis Pro for $93,972?  Add about 35% to each of those numbers for payroll tax and benefits.  Details are at available at KansasOpenGov.org

I seriously doubt that we need a Tennis Pro on the city payroll; gardening and tree maintenance are classic examples of things that can be provided by the private sector at lower costs (remember the $1 million or so saved by privatizing parks maintenance?).

It took me about 15 minutes to find these few examples.  Why is City Council and staff agonizing over closing a 0.4% budget gap?  Sounds like we are being set up for a tax increase.

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