Opportunity Cost
Peter Schiff spent a lot of time and money running for the Senate. Michael Barnett asks if it was worth the effort.
5 Comments
Sorry, the comment form is closed at this time.
Catallaxy Files- Not all criticism of government is rent-seeking May 17, 2012Jess Irvine has an op-ed in the SMH where she makes the argument Meanwhile, business is acting like an adolescent, too, chucking hissy fits about workplace laws and taxation because it has learnt that this is an extremely effective parental manipulation strategy. In the teenage economy, the returns from rentseeking – or seeking special treatment [...]Sinclair Davidson
- Words from the wise May 17, 2012Graham Richardson has a must-read op-ed in the Australian today. He reveals the depths of hatred towards the PM. While it is clear Julia Gillard just doesn’t understand how bad things really are, she is at the very core of the disenchantment. These two MPs, who both voted for her in Kevin Rudd’s February challenge, [...]Sinclair Davidson
- Reactions to the The Heretic May 17, 2012Jo Nova reports some discussion stirred up by The Heretic, a play that addresses climate issues, on stage in Melbourne this week. Golly, but The Heretic is a play that appears to be genuinely useful art, something that actually challenges the paradigm. Brice Bosnich reviews it ( see below), Andrew Glikson rails against it (see, [...]Poor Old Rafe
- Not all criticism of government is rent-seeking May 17, 2012
- inCISe
- Govt furphy on Indigenous homeownership May 16, 2012In a media release on the Indigenous Affairs part of the 2012 Budget, the federal government insists it ‘will continue to prioritise access to the new program for people seeking to move into home ownership on Indigenous land’ – but this is a furphy. The government is well aware that people living on Indigenous land will not be able to access money from the n […]Sara Hudson
- A move long overdue May 15, 2012At long last, services on Sydney’s highly inefficient rail network are getting some attention. Transport Minister Gladys Berejiklian has announced that 750 jobs will be cut in a restructuring effort intended to reduce bureaucratic waste. Even more heartening is that RailCorp’s projected job cuts are relatively mild, consisting of voluntary redundancies to m […]Alexander Philipatos
- Generalising about racism May 14, 2012The Sydney Morning Herald is running a poll asking if Australians are Racist. So far 74% of respondents say yes and 26% say no. Some of the commentators include Larissa Berendt who argues that Australia is a racist country because Aboriginal people have a shorter life expectancy. However, there are many reasons why their life expectancy is shorter than the a […]Sara Hudson
- Govt furphy on Indigenous homeownership May 16, 2012
- IPA news
- The unhappy compromise of European 'austerity' May 14, 2012Has austerity worked in Europe? Well, if "austerity" means savage cuts to government spending, then there has been no...
- The politics of projection: there's a reason we can't all just get along May 12, 2012Politics is almost entirely in the eye of the beholder. Obviously conservatives, libertarians, progressives and...
- Great expectations vanish May 10, 2012The federal budget was entirely predictable. The dodgy accounting. The flimsy "surplus". The higher taxes on the wealthy....
- The unhappy compromise of European 'austerity' May 14, 2012
Oz Political Quiz
At least Peter will know better next time!
Actually, Schiff might still win. He got a petition in to be on the August ballot.
Well, I predicted the GFC too, and nobody pays any attention to me…
He’s still running. He’s trying to get enough signatures to force an August primary against Linda McMahon. What he needs though desperately is more exposure. Before he was well in to his campaign he was featured on all the big name shows like Glenn Beck, Rush Limbaugh and Larry Kudlow. They were all big fans back during the heyday of the GFC when he was touted as Grand Prophet Nostradamus, but now, they won’t even have him on.
I agree with you all, but I mean to opportunity cost opportunity cost is the price, what good has been sacrificed for the best option, can not drive, if you select the same opportunity cost of the project and said selection.