Cafe Hayek: Like Debating Whether or Not the Earth is Round
Wild Pegasus
· 3 years ago
My law school (Case Western) is a pile of stupid for not holding onto Prof. Morriss. Good to see he's still killin' 'em dead.
Ray G
· 3 years ago
Pow!
Patrick
· 3 years ago
Prof. Morriss, that is just too simple. No one would go for that in any real way, the solution is just to plain. No, our folks at the State Dept. and USAID, etc. want to actually "help" people by giving them stuff and assuring them that their leaders won't kill too many of them and maybe get them some health care. If only we could just redistribute the world's wealth, all would be fine in Africa.....so sayeth the mighty of Europe and the US Democratic party. Imagine if the US started out the way the free world is trying to gerrymander the African continent, where would we be now? Thank God, for us Americans anyway, there wasn't a USAID, IMF or some other wacky organization.
Adam Malone
· 3 years ago
This solution also requires the wealth redistributors and trade protectionists (is this still the term we are using?) to admit that free trade helps rich people. and middle class people. and poor people. and destitute people.
And admitting such a thing would require them to fess up to the fact that they have been blantantly wrong for about 80 years.
They still won't admit that the Smoot-Hawley Act had at least as much to do with the Great Depression as the stock market crash.
Chris Meisenzahl
· 3 years ago
Slam-dunk! ;-)
Ken Willis
· 3 years ago
Somebody please send Prof. Morriss's letter to George W. Bush before he sends another few Billion to Africa.
OregonJon
· 3 years ago
Bono's and Geldorf's and others from the Scold Class are deep into feeling good about themselves with no interest in effective policies. It's a conceit often seen in entertainers, a career requiring outsized egos.
Jacko
· 3 years ago
Has anyone ever done a regression over say, 20-40 years, showing that a country's poverty is inversely proportional to foreign aid as a percentage of its GDP? It would be great to see the numbers both with and without IMF and World Bank loans also.
If anyone knows of such a study, please post. Thank you.
Mesa EconoGuy
· 3 years ago
Professor Morriss may be a terrific man of editorial letters (that is well said), but he needs a little tweaking in his accuracy:
I believe this should be Geldof, as in Bob Geldof, organizer of Live Aid (and Live 8), as well as star of Pink Floyd’s The Wall (1982), not Geldorf.
http://en.wikipedia.org/wiki/Bob_Geldof
The Captain
· 3 years ago
Dear Mesa EconoGuy:
I would be surprised if Professor Morriss did not intentionally gaff Bob Geldo[r]f. Who cares about Bob Geldof? Boner and Geldork would probably would have been too obvious.
Python
· 3 years ago
Gandalf did what to Africa?
Mesa EconoGuy
· 2 years ago
Ah, I see.
He was probably referring to Sonny Bono as well.
Chas
· 2 years ago
Oregon Jon: you need to check out William Easterly's two books, the most recent with a bad title ("The White Man's Burden"), previously "The Elusive Quest For Growth" - he's a liberal mugged by reality, presents a powerful case why foreign aid is generally destructive (although it can provide useful health benefits). Clear economic thinking would demonstrate why this is of course the case; but to convince the unwilling, it's necessary to show that it has happened, over and over. Like explaining that price controls cause shortages - "fortunately" there are countless examples.
Villoso
· 2 years ago
Angela Merkel is the chancellor, not prime minister, of Germany.
Villoso
· 2 years ago
Angela Merkel is the chancellor, not prime minister, of Germany.
Villoso
· 2 years ago
Angela Merkel is the chancellor, not prime minister, of Germany.
Villoso
· 2 years ago
Angela Merkel is the chancellor, not prime minister, of Germany.
All Comments
My law school (Case Western) is a pile of stupid for not holding onto Prof. Morriss. Good to see he's still killin' 'em dead.
Pow!
Prof. Morriss, that is just too simple. No one would go for that in any real way, the solution is just to plain. No, our folks at the State Dept. and USAID, etc. want to actually "help" people by giving them stuff and assuring them that their leaders won't kill too many of them and maybe get them some health care. If only we could just redistribute the world's wealth, all would be fine in Africa.....so sayeth the mighty of Europe and the US Democratic party. Imagine if the US started out the way the free world is trying to gerrymander the African continent, where would we be now? Thank God, for us Americans anyway, there wasn't a USAID, IMF or some other wacky organization.
This solution also requires the wealth redistributors and trade protectionists (is this still the term we are using?) to admit that free trade helps rich people. and middle class people. and poor people. and destitute people.
And admitting such a thing would require them to fess up to the fact that they have been blantantly wrong for about 80 years.
They still won't admit that the Smoot-Hawley Act had at least as much to do with the Great Depression as the stock market crash.
Slam-dunk! ;-)
Somebody please send Prof. Morriss's letter to George W. Bush before he sends another few Billion to Africa.
Bono's and Geldorf's and others from the Scold Class are deep into feeling good about themselves with no interest in effective policies. It's a conceit often seen in entertainers, a career requiring outsized egos.
Has anyone ever done a regression over say, 20-40 years, showing that a country's poverty is inversely proportional to foreign aid as a percentage of its GDP? It would be great to see the numbers both with and without IMF and World Bank loans also.
If anyone knows of such a study, please post. Thank you.
Professor Morriss may be a terrific man of editorial letters (that is well said), but he needs a little tweaking in his accuracy:
Geldof and Bono take G8 campaign to Germany
http://www.u2france.com/article9782.html
I believe this should be Geldof, as in Bob Geldof, organizer of Live Aid (and Live 8), as well as star of Pink Floyd’s The Wall (1982), not Geldorf.
http://en.wikipedia.org/wiki/Bob_Geldof
Dear Mesa EconoGuy:
I would be surprised if Professor Morriss did not intentionally gaff Bob Geldo[r]f. Who cares about Bob Geldof? Boner and Geldork would probably would have been too obvious.
Gandalf did what to Africa?
Ah, I see.
He was probably referring to Sonny Bono as well.
Oregon Jon: you need to check out William Easterly's two books, the most recent with a bad title ("The White Man's Burden"), previously "The Elusive Quest For Growth" - he's a liberal mugged by reality, presents a powerful case why foreign aid is generally destructive (although it can provide useful health benefits). Clear economic thinking would demonstrate why this is of course the case; but to convince the unwilling, it's necessary to show that it has happened, over and over. Like explaining that price controls cause shortages - "fortunately" there are countless examples.
Angela Merkel is the chancellor, not prime minister, of Germany.
Angela Merkel is the chancellor, not prime minister, of Germany.
Angela Merkel is the chancellor, not prime minister, of Germany.
Angela Merkel is the chancellor, not prime minister, of Germany.