Smart Picks 11 August 2012

Commentary on the Laffer Curve, replacing human drivers, Robert Hughes, the risks of copying and pasting, and owning land.

Laughing at Laffer or once bitten …

Time -- Arthur Laffer’s Anti-Stimulus Curve Ball is a Foul
Economist Arthur Laffer, patron saint of tax cuts, is back, with an op-ed in the Wall Street Journal that he hopes will put the kibosh on future plans for government stimulus.

Related. Thanks to David S. of Victoria

New York Review of Books -- How to End This Depression
The depression we’re in is essentially gratuitous: we don’t need to be suffering so much pain and destroying so many lives.

Honey, let the car drive.

Atlantic -- Google's Self-Driving Cars: 300,000 Miles Logged, Not a Single Accident Under Computer Control
Ever since Google began designing its self-driving cars, they've wanted to build cars that go beyond the capabilities of human-piloted vehicles, cars that are much, much safer.

A different perspective.

Economist -- Fire and brimstone
IN HIS exhaustive eight-part documentary series, “The Shock of the New”, Robert Hughes, speaking of the novelty that was a newly constructed Eiffel Tower, says: “What counted was not so much the view of the tower from the ground; it was seeing the ground from the tower.”


 

Shock of the New

Opps.

National Post -- Fareed Zakaria suspended by CNN and Time after acknowledging plagiarism
CNN host and Time magazine contributing editor-at-large Fareed Zakaria was suspended by his employers on Friday after he acknowledged copying material for a recent column he wrote about gun control from another writer.

The fight to own.

Globe and Mail -- Do opponents of native property rights think things are okay now?
The Conservative government will move slowly on the question of property rights on native reserves, but it will move.

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Twin Virtues: Inequality of Outcomes & Equality of Opportunity©

LimeSpot: Own the Experience.

Leveraging Social Networks for Profit.
 
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The LimeSpot enabled revolutionary new sales channel.
 
Ultimately, the most successful societies find the balance between the twin virtues of inequality of outcomes and equality of opportunity.
 
The new politics must marry the twin virtues of unequal outcomes and equality of opportunity.
 
When too few get too much everybody ends up with less.
 
Can it be that striving for equality of opportunity however imperfect the process not only benefits the individual but also creates benefits for the society as a whole that are unintended but wonderful?
 
Economics must be a 'moral enterprise' as much as politics claims to be. Economic outcomes need to be framed in terms of right and wrong not just efficiency if only because these often align in surprising ways.
 
My vision of Canada is that any Canadian child from a family of limited circumstance can expect to have a chance at lifetime of unlimited opportunities.
 
Tax policy should be founded on the principle of generating steady tax revenues sufficient to maximise environmentally sustainable economic growth in order to fund fair government.
 
Public policy should be designed to decrease inequality before the law and increase equality of opportunity.
 
Capitalism is not the problem; the problem is what we do with capitalism.
 
Content is always more difficult to argue than conspiracy.
 
Let the state regulate and the market operate (most things).
 
Welfare strategies are best designed as a hand up not as a hand out.
 
Political debate should not be fact free fighting.
 
Explanation lasts longer than eloquence.
 
Always favour empowerment over dependency.
 
The most enduring public figures are embraced for the causes they fought for and not the concept of themselves they hoped others would remember them by.
 
Find your voice and don't be the echo of somebody else.