Thanks for being condescending!

Comparative advantage is still applicable due to the relatively immobile nature of labor(as an input in the production function).

Forcing wages down = nonsensical marxist pap

It’s why the right are trying to force wages down to Chinese levels…

I believe the more correct term is “negligent discharge”.

That’s $110,000 more than Nino Lyons got for being wrongly imprisoned for 3 years.

http://www.usatoday.com/news/nation/story/2012-03-15/florida-man-wrongly-jailed/53554610/1

March 15, 2012

Justice Dept. Agrees To Pay $140,000 To Man Wrongly Jailed
By Scott Gunnerson, Florida Today

The Justice Department has agreed to pay nearly $140,000 to a Florida man who spent three years in jail while prosecutors concealed evidence that could have set him free.

The Justice Department had conceded in court papers that it is required to compensate Nino Lyons for the time he was wrongly jailed, but it argued the amount should be far lower — $5,000 for each year.

Pure ideology, right there.

Labor does not flow freely from one country to another.

” … if capital freely flowed towards those countries where it could be most profitably employed, there could be no difference in the rate of profit, and no other difference in the real or labour price of commodities, than the additional quantity of labour required to convey them to the various markets where they were to be sold.”

http://www.econlib.org/library/Ricardo/ricP2a.html#Ch.7,%20On%20Foreign%20Trade

People are stupid and like the idea of winning a trade war/the trade imbalance.

It is almost impossible to get people to understand Ricardo’s Law of Comparative Advantage.

Someone – I forget who – once called it ‘the most important non-obvious principle of economics’.

Just kidding. Principal calls in parent, boy doesn’t get into any trouble at school. Mom laughs about it. Kid learns that gambling is sorta illegal and not appropriate at school.

(That was an Oklab, aka, a reverse Balko.)

Super-cynical mode:

People are stupid and like the idea of winning a trade war/the trade imbalance. This is regardless of left/right or democratic/republican. Second and third-order effects be damned.

Although, contra bernie sanders, it is not obvious that keeping certain jobs on-shore is preferable to pushing certain jobs off-shore. Distortion of markets is not a good thing. Distorting to compensate for another distortion is, at the absolute very optimal, a second-best option

New York passes bill to collect DNA from all criminals; even misdemeanors like jumping a subway turnstile

As if I needed another reason to avoid NY like the plague – get arrested ( even for something bogus), have your DNA in their database for possible link to any crime anywhere for the rest of your life… nice.

DNA matches are supposedly accurate to things like “1 in 9 million” and such like that, which sounds great… until you have 20+ million in your database, then guess what happens?

What does tend to affect misconduct?

Punishment of those who commit it. Having some unrelated third party pay damages does not fit that bill.

I sure am curious as to why the difference of opinion.

As far as the bank being “self-supporting” – it only became so in 2007 and is self-supporting in the same way Fannie and Freddie and Sallie were self-supporting. Which is to say – the profits are privatized, the losses are socialized.

Ryan Pender, the Tallahassee police officer who devised the sting and was in charge of Hoffman that evening, was fired but later reinstated.

And thou still shall not lose thy job.

But don’t read the comments.

Industry fees = taxing industry = costs passed on to consumer
May be a second order tax, but it is coming from the average american citizen.

Also, the below market loans are being given to those with political connections. ExIm bank loaned 10mil to solyndra

A lot more could be said about the ExIm bank. If you want, read sallie james on the topic

You know when comedic conversations on Facebook start sounding like Radley Balko’s RSS feed that something is starting to change. People are starting to take notice. Or at least I hope so.