economics

Long Live the Outlaws: Elmyr de Hory

Elmyr.jpgMost petty crime is dull, in both motivation and execution. But I have always wished I could be a great outlaw. Consider the outlaw, and the merits of his or her avocation: the perpetration of grand, spectacular, and/or marvelous crime. A widespread and enduring fascination with outlaws, hucksters, escapists, charlatans, and rogues of various ilk has always harkened to embrace the heroic combination of focus, ingenuity, bravery, determination, and intelligence needed to rise to a level of criminal infamy.

"Average American Life" Not What It Used to Be?

capitalism.gifIn July of 2008, the Environmental Protection Agency (EPA) did something unprecedented in its history: It lowered its official estimated value of an "average American life", from $8.04 million to $7.22 million.

Why?

Mostly because the EPA performs a cost-benefit analysis when evaluating and creating policy and regulation. To do this, they have to agree on the value of a human life and weigh that value against the cost of regulation. The less a life is worth, the less statistical need exists for regulation.

Biofuel Blindspot?

biofuels.jpgBiofuels have been hyped as the answer to global warming, as "fuel for the revolution," and as a way to prevent the predicted catastrophe of "peak oil collapse." They've also been blamed for driving up food prices and contributing to global warming (in some instances, at a greater level than traditional fossil-based fuels).

The darling has become dastardly, at least judging by recent media coverage.

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