Tony Pierce is unboxable.#

The Darth Side: Memoirs of a Monster#

Don Boudreaux on the labor theory of value.#

But if the labor theory of value were correct, the physician's services would be more valuable to the patient the longer the time the physician devotes to treatment. If the physician had taken a week rather than a mere three days to bring about the cure, the patient should be willing to pay more — and to pay more still if the physician had taken an entire month to cure the patient. (Yes, yes. I know about the Marxist concept of "socially necessary labor time." This fudge doesn't solve the problem, for it merely means that the market value of a cure whose "socially necessary labor time" is one week necessarily is greater than the market value of a cure whose "socially necessary labor time" is one day.)

It would be a bizarre experience being ill in a world in which the labor theory of value were valid.

The Eclectic Econoclast asks, "What do parking fees buy?"#

At most universities, the parking fee is not an entitlement or guarantee to a parking space. It is more like a hunting license, giving you the right to hunt for a parking space. I have no problem with this concept, so long as we all know that is what the parking permit buys us, but I would rather use the price mechanism to allocate parking spaces than use the "who-can-get-up-earliest-to-get-to-campus-in-time-to-find-a-parking-space" [aka queuing] mechanism.

"free" parking is a massive waste of scarce resources. The land, the space, the monitoring, etc., all have valuable alternative uses -- opportunity costs.

I love Shakira too.#

Jim Tudor's review of Batman is spot on. Particularly with regards to the fights. Although something that he didn't mention, that I thought was fabulous was the believable and _sensible_ use of the grappling hook.#

I <3 Sabine#

Tony Pierce's comment guide.#

I never trusted kittens before this, but now I really don't.#