Self-Made Men

Frederick Douglass was born into slavery in February 1817 or 1818 in Cordova, Maryland, United States.

“Douglass lived twenty years as a slave and nearly nine years as a fugitive slave subject to recapture. From the 1840s to his death in 1895 he attained international fame as an abolitionist, editor, orator of almost unparalleled stature, and the author of three autobiographies that are classics of the genre. As a public man he began his abolitionist career two decades before America would divide and fight a civil war over slavery that he openly welcomed. Douglass was born in a backwater of the slave society of the South just as steamboats appeared in bays and on American rivers, and before the telegraph, the railroad, and the rotary press changed human mobility and consciousness. He died after the emergence of electric lights, the telephone, and the invention of the phonograph. The renowned orator and traveler loved and used most of these elements of modernity and technology.” Continue reading “Self-Made Men”

Economists

 Question: Why do more economists lean towards the right wing?

Answer: Economists lean right because they understand economics.

Assuming that “right wing” means an ideological position that favors free enterprise, private property and individual rights, then it is easy to see why economists are generally right-wingers. Continue reading “Economists”

Stephen Kotkin on Ukraine

On the matter of the war in Ukraine, one of my favorite historians, Stephen Kotkin, is my go-to person. Here’s Peter Robinson of the Hoover Institution in conversation with Kotkin.

This is from March 4th, when the Russian invasion was just eight days old. Kotkins places it in its historical context. Although 80 minutes long, it is worth every minute and more. Continue reading “Stephen Kotkin on Ukraine”

Duckling Rescue

People are sometimes surprisingly good. This is heartwarming. Rescue of ducklings from a storm water drain.

I am off to the old country on Friday night (Eastern time), arriving at Bangalore on Sunday morning.

(I have the picture above as my desktop background. Click on image to embiggen.)

Government

“The voting public cannot understand foreign policy, so the electorate cannot hold the government accountable in any meaningful way. That being the situation, what are the incentives for a democratically elected government to conduct a foreign policy beneficial for the nation? Who should hold the government accountable in matters of foreign policy? And how?”

This post is in response to the above and other comments to the previous AMA post. In Prabhu Desai‘s response, he noted that government is an abstraction and not a real entity which has goals and incentives. In reality what we call the government is just a bunch of people, and people have various goals and motivations. The people who constitute the government can be broadly classified as politicians (who are periodically elected) and bureaucrats (who are unelected and enjoy lengthy tenures.) Continue reading “Government”

AMA – the Predictions edition

“It is difficult to make predictions, especially about the future.”[1] It’s common for most predictions not to age well. Consider the one made by one Mr Clifford Stoll exactly 27 years ago in Feb 1995. He was not bullish about the web.

He wrote: Continue reading “AMA – the Predictions edition”

Misinformation

Thomas Jefferson, a Founding Father of the United States of America, wrote in 1807, “Nothing can now be believed which is seen in a newspaper. Truth itself becomes suspicious by being put into that polluted vehicle. The real extent of this state of misinformation is known only to those who are in situations to confront facts within their knowledge with the lies of the day.” Continue reading “Misinformation”

High Speed Rail in India

Italy HSR

I have always loved high speed rail, ever since I first traveled on the French TGV about 30 years ago. Here’s an interesting video that I came across today. Maybe one day India too would have high speed rail but I am not sure when that may be.

One major concern is that high speed rail is expensive — both in capital and operating costs. If India continues to be a very poor country, people won’t be able to afford the high cost tickets. India’s advancement is dependent on it becoming rich — which means that the government will have to let go of its stranglehold over the economy. I doubt that that would happen. Continue reading “High Speed Rail in India”

James Buchanan – In Summary

It is rare that an author puts the summary of his subject matter at the beginning of the introduction of the book. It’s what David Reisman does in his 2015 book titled James Buchanan (part of the Palgrave Macmillan Great Thinkers in Economics Series.)

At the top of my list of the great in economics, I put Buchanan, Hayek and Mises. Their works have informed my understanding of economics. The sad fact is that it was only after I finished my formal training in economics that I began to read them. Better late than never, though.

Back to the book by Reisman. Since I am familiar with Buchanan’s work, I found the summary concise and accurate. I realize that it may not mean much to someone who is not familiar with Buchanan’s ideas. But here it is, for the record.

Continue reading “James Buchanan – In Summary”