Santi reports: Argentina

Joel reports: What are the DJIA, S&P and NASDAQ indices?

MLA: 100% Compliance

Walter Williams

“A historian writing 100 or 200 years from now might well say, ‘You know, there was this little historical curiosity that existed for maybe 200 years, where people were free from arbitrary abuse and control by government and where there was a large measure of respect for private property rights. But then it went back to the normal state of affairs.”

So what did we learn in Chap. 14: “An Overview” of Time & Risk?

Financial Institutions

Financial Institutions

Financial institutions such as banks allow vast numbers of people who don’t know each other to use each other’s money

Financial Institutions

Financial institutions such as banks allow vast numbers of people who don’t know each other to use each other’s money

Banks, S&L, Credit Unions assume responsibilities for assessing risks, and making loans to individuals and businesses

Financial Institutions

Financial institutions such as banks allow vast numbers of people who don’t know each other to use each other’s money

Banks, S&L, Credit Unions assume responsibilities for assessing risks, and making loans to individuals and businesses

Societies without such institutions are usually poor

Time and Money

Time and Money

Whoever has ability to delay, has ability to impose costs

Time and Money

Whoever has ability to delay, has ability to impose costs

Environmentalists, preservationists, government bureaucracies, other third parties specialize in this

Time and Money

Whoever has ability to delay, has ability to impose costs

Environmentalists, preservationists, government bureaucracies, other third parties specialize in this

Economic consequences often take time to develop, enabling politicians to escape the consequences of their actions

Time and Money

Whoever has ability to delay, has ability to impose costs

Environmentalists, preservationists, government bureaucracies, other third parties specialize in this

Economic consequences often take time to develop, enabling politicians to escape the consequences of their actions

Time and Money

Econ policies are often discussed in terms of the goals they proclaim, rather than incentives they create

Assignment for February 2 Read interview with Walter Williams

in Wall Street Journal (link will be on Intended Consequences)

Assignment for February 2 Read interview with Walter Williams

in Wall Street Journal (link will be on Intended Consequences)

Write a 350-essay: You are POTUS (ok, all-powerful POTUS) for a week. What things would you do to improve the lives of African-Americans? Use full Sowellian thinking; your opinions are welcome, as long as you can back them up with Dr. S’s theorem