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Post Archive by Month

Below you'll find a list of all posts from November, 2007

The Benefits of High Gasoline Prices

(This essay looks at high gas prices and what should be done about them. The Bahamas did not get into …

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The Song That Is Irresistible: How the State Leads People to Their Own Destruction

This speech was originally posted at the Ludwig von Mises Institute site on October 16, 2007 and is reprinted here …

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Why Managed Trade Is Not Free Trade

Dr. Batemarco is director of analytics at a marketing research firm in New York City and teaches economics at Marymount …

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Discussion Group Series – 6:30pm, Wednesday, November 21, 2007

Please join us for our monthly discussion group series meeting at our offices at The Bay Street Centre, Bay & …

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Can The Bahamas import the Irish Miracle?

Irish prosperity has been described recently as a “Miracle” and countries who have not experienced such prosperity inevitably ask “Can …

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Recent Posts

  • A. Baker & Sons. A Memorial to Old Nassau
  • Clarity on Diversity and Pluralism
  • Reflections on Indian democracy
  • Video: Professor Ben Powell on Free Trade in Labor: An Economic Case for Unrestricted Migration
  • Big Oil lobbying for carbon tax: virtue signaling or taking the moral high ground?

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  • Economic Ideas: Plato, Aristotle, and the Ancient Greeks
  • The Demise Of The Bahamas As An Offshore Financial Centre
  • Abaco - a brief history
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  • The Nassau Straw Market Puzzle
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Thought to Ponder

So, I would argue that the services have been I think disappointing is putting it mildly. They've been disastrous. They've been appallingly bad. Much worse than would have existed, even if no welfare state had been created. In fact I would argue especially if no welfare state had been created, because the systems that existed before were very substantial and growing and improving dramatically. But they weren't perfect, and that is in a way is the great trouble with the development of welfare states. You have a system that's not perfect but actually doing quite a lot of good stuff and then someone comes along and says, "ah, we can make this perfection. And so we can make this much better. We will have free for everybody, high class whatever it is." And the result is you have lower standards and it doesn't work out at all. And that's, the desire for perfection can be very dangerous.James Bartholomew
… (next quote)

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