Monday, November 17, 2008

The Latest

Well friends, this weekend I went to Boston.

I went because I had a semi-free weekend and a semi-free ticket from accrued frequent flier miles. I also have a few friends up there, namely the famous Chris Tierney, Ben Briggs and Kirsten Swanson. I left early, early Friday morning so I arrived in Boston around 9AM and then spent the whole day doing the freedom trail thing, seeing the sights like Paul Revere's and John Hancock's graves, Bunker Hill, USS Constituion, Old North Church, etc. Then I went to stay at Chris's place in Wellesley. It was sweet hanging out with him again and meeting his wife. Saturday I slept forever then met up with Briggs, who is going to law school at Boston University. After chilling with him and a few of his law buddies, I mobbed back to Wellesley and we went to see Quantum of Solace having watched Casino Royale the night before. It was decent. Not nearly as earth shattering as Casino though. Sunday I went into the city to see Kirsten and we went through Harvard, MIT, Little Italy, Copely Square mall, bookstores. Good times. I went into 5 or so bookstores this weekend, which automatically mad it sweet.
While there was a lot of history stuff, it was a more modern city than I expected. The streets were narrow and screwy, mildly European and what I expected. I feel as though I got a good tour.

Of course I have to say something political.
Don't bailout the big 3 please. Granted, jobs will be lost, but that is an essential part of a market economy. The unions have constrained those companies into only a handful of limited actions and due to the union's involvement in many politicians' careers, the government is as well. I may be overestimating the power of the union, but this may be an example of when a few dictate to the many and that when knowledge is not disemminated, everyone just ends up worse off in the end. The unions and politicians want things to remain as "normal" (whatever that is), thus they constrain the auto companies into paying higher wages and giving more benefits than is economically feasible at the moment. An economic system is essentially an ordering of knowledge and since knowledge is so spread out among so many individuals (not to mention the shere amount of it) there is no way in which a group of "experts" can effectively order an economy. That applies to auto makers, I believe. That idea and persception of knowledge comes from Hayek and Sowell. Smart dudes.

1 comment:

Unknown said...

Christ Tierney. He's so famous.