Posts in Economics
Words Worth Noting - June 15, 2021

“When Benjamin Franklin was seven years old... he fell in love with a whistle. He was so excited about it that he went into the toy shop, piled all his coppers on the counter, and demanded the whistle without even asking its price. ‘I then came home,’ he wrote to a friend 70 years later, ‘and went whistling all over the house, much pleased with my whistle.’ When his older brothers and sisters found out that he had paid far more for his whistle than he should have paid, they gave him the horse laugh; and, as he said: ‘I cried with vexation.’... But the lesson taught Franklin was cheap in the end. ‘As I grew up,’ he said, ‘and came into the world and observed the actions of men, I thought I met with many, very many, who gave too much for the whistle.’”

Dale Carnegie How to Stop Worrying and Start Living

Taking the easy way down

In my latest National Post column I say “This government doesn’t do hard” could become our new national motto as a vast cast of characters across the executive, legislative and judicial branches avoids thinking about difficult choices from COVID to national security and the budget.

Words Worth Noting - June 2, 2021

“Revenge really does feel good… The [then just-published] Swiss brain-imaging study reveals how we draw satisfaction from teaching strangers a lesson when they have behaved badly... As the journal Science puts it, the study reveals what goes on in Dirty Harry’s head when ‘he succinctly informs a norm violator that he anticipates deriving satisfaction from inflicting altruistic punishment.’”

Ottawa Citizen August 27, 2004