Saturday, October 31, 2009

This is Cool

Real Time Debt Clock

Private Law Enforcement

I have heard stories about private law enforcement being a possibility, but a recent story in Time magazine brought it to light again. In the story, it told of neighborhoods in Detroit where the residents each pay a monthly $30 fee to hire a private company to patrol their streets. The reason they did this is because Detroit's metro police force was cut by 25% and hence couldn't as easily deploy personnel to the outskirts of the city. This local private law enforcement stepped into the gap and the officers ride around the neighborhood with digital cameras and bullet proof vests, checking out suspicious vehicles, people and focusing on empty homes that are especially prone to theft. For the city in general, private security is one of the few growing industries in Detroit, according to Time.

This also reminded me a friend who spent 6 months in South Africa and told me about some private security there. Apparently, theft is high in Cape Town, so parking your car on the street, locks or not, is risky. So there are these guys who walk around in orange vests who will watch your car for a fee while you run inside. From what I remember, she took advantage of that service a couple of times. Lately, I haven't checked up on the status of this industry, but she was by no means a private, limited government type, so I don't think she was making this up.

The worry is often that with the repeal of a government program people will be left floundering because that was the only thing that kept the world going around. However, thanks to self interest, there are people out there always looking for a way to create value and I think the above stories add some credit to the fact that government is only one way of doing things.

Friday, October 30, 2009

Joseph on Ancient Egyptian Coins

Gnarly gnar: archeologists have discovered ancient Egyptian coins bearing the name and image of the Biblical Joseph.


"The researcher identified coins from many different periods, including coins that bore special markings identifying them as being from the era of Joseph. Among these, there was one coin that had an inscription on it, and an image of a cow symbolizing Pharaoh's dream about the seven fat cows and seven lean cows, and the seven green stalks of grain and seven dry stalks of grain. It was found that the inscriptions of this early period were usually simple, since writing was still in its early stages, and consequently there was difficulty in deciphering the writing on these coins. But the research team [managed to] translate [the writing on the coin] by comparing it to the earliest known hieroglyphic texts…

"Joseph's name appears twice on this coin, written in hieroglyphs: once the original name, Joseph, and once his Egyptian name, Saba Sabani, which was given to him by Pharaoh when he became treasurer. There is also an image of Joseph, who was part of the Egyptian administration at the time."

Thursday, October 29, 2009

Free Golf Cart, Anyone?

A thank you to Josiah for pointing out the Post Office. Yeah, they're the cheapest option right now, (that I know of) for sending letters to girlfriends or checks to missions organizations etc. If they disappeared, could not a UPS type organization pick up the slack? Would we get as much junk mail then? Keep pointing out beneficial government programs to me, I need encouragement.


Some excerpts:

"The federal credit provides from $4,200 to $5,500 for the purchase of an electric vehicle, and when it is combined with similar incentive plans in many states the tax credits can pay for nearly the entire cost of a golf cart."

"In South Carolina, sales of these carts have been soaring as dealerships alert customers to Uncle Sam's giveaway. 'The Golf Cart Man' in the Villages of Lady Lake, Florida is running a banner online ad that declares: 'GET A FREE GOLF CART. Or make $2,000 doing absolutely nothing!'"

Don't walk, run to your nearest cart dealer!


Positive Examples?

Are there any positive examples out there of a government program truly benefiting people as it was intended to? The kind of thing I am looking for is the sort of long term, without-it-we'd-be-complete-goners type of testimony. Do government programs like welfare, Medicaid, Medicare help people in the long run? I need some help on this because my own perspective on government's ability to actually help people is increasingly negative.
Discuss.

Of course, I have a blog post brewing about private enterprise doing government's job, but I'll save that one for tomorrow.




Wednesday, October 14, 2009

End the Federal Reserve?

I just finished Ron Paul's new book "End the Fed." It's short, sweet and to the point mostly. In it he presented a couple of compelling arguments to rid the US from control of a central bank. I am still uneducated on the issue, but plan to learn more about it. On principle I disagree with the existence of the Fed. Reasons being: every day the Fed exists and prints more money, the less our savings are worth due to inflation, it permits the government to print money in order to fund programs it should not be involved in or promote, it is hardly controlled and allowed far too much power without adequate oversight.
Ron Paul brought up the valid point that if we can't print money, why should the Fed be allowed to? If we do it, it's counterfeiting, but if they do it, it's legit.
Ever since its inception, it has failed to do what it was created for, namely, provide a foundation for a stable economy. There have been nearly two dozen recorded recessions since 1913 when it was founded.
It's an interested read.

Wednesday, October 7, 2009

My Man Hayek

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design." F. A. Hayek from The Fatal Conceit.

Amen and amen.