Extra Credits
Published on 7 Apr 2018A throwaway cigarette landed on a pile of cloth. 146 workers died from the resulting fire. But this tragedy motivated citizens and politicians to take a stand from workers’ rights, creating a far safer world that we still live in over a century later.
April 9, 2018
The Triangle Shirtwaist Fire – Horror in Manhattan – Extra History
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Portrait of a protectionist
The latest of a long-running series by Don Boudreaux, all entitled “A Protectionist is Someone Who…”:
… if he is among the many protectionists (such as Donald Trump or Peter Navarro) who, finding meaning in bilateral trade accounts, detects danger for country A if country A has a trade deficit with country B, should also find danger for each private producer that has a trade deficit with another private producer. That is, if this protectionist were consistent in his views, the same reasoning that leads him to worry about America’s trade deficit with China should also lead him to worry about, say, The Trump Organization, Inc.’s trade deficit with each of its many suppliers, including with each of any janitors that The Trump Organization, Inc. has on its payroll or otherwise contracts to hire. (After all, I’m quite certain that no janitor hired by The Trump Organization, Inc., buys as much from The Trump Organization, Inc., and The Trump Organization, Inc., buys from any janitor.)
So why does the allegedly genius businessman who is now president of the United States – and whose many fans believe him to “tell it like it is” – not judge his own private company by the same standards that he so confidently insists are appropriate for judging Americans’ trade with non-Americans? After all, if China’s trade surplus with America really is evidence either of Chinese chicanery or of the incompetence of American leaders (or both), then it must also be true that a Trump Organization janitor’s trade surplus with The Trump Organization, Inc. is evidence either of that janitor’s chicanery or of the incompetence of Trump Organization leaders (or both).
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Tank Chats #26 Peerless Armoured Car | The Tank Museum
The Tank Museum
Published on 23 Sep 2016In 1919 the British Army found itself short of armoured cars when many were needed quickly to police various trouble spots around the world.
In reality it did not make a very good armoured car. It was too big, too unwieldy and slow while the crew got a rough ride on solid tyres. However it was durable and quite a few were still in service when the Second World War began.
http://tankmuseum.org/museum-online/vehicles/object-e1949-321
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QotD: Democracy and the scope of government
That the increasing discredit into which democratic government has fallen is due to democracy having been burdened with tasks for which it is not suited is a fact of the greatest importance which has not yet received adequate recognition. Yet the fundamental position is simply that the probability of agreement of a substantial portion of the population upon a particular course of action decreases as the scope of State activity expands.
F.A. Hayek, “Freedom and the Economic System”, 1938.
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