Never attribute to malice that which is adequately explained by stupidity. That adage is known as Hanlon’s Razor.
I wondered about the mentality of the people who decided that disallowing photos at nature preserves is a great idea. Were they merely stupid or was something else motivating them? They have those signs at the Tiger Reserves at Bandipur and Mudumalai. Continue reading “A Mudumalai Bear”
The good news is that Elon Musk bought twitter. The better news is that Musk fired the CEO Parag Agrawal, and the CFO Ned Segal. Best of all, he fired Vijaya Gadde, head of legal policy. She had made the decision to permanently suspend Donald Trump.
Musk sent a message to twitter advertisers. In it, he lays out his reason for taking total control of twitter. Here it is: Continue reading “Twitter”
Before the advent of television in India, people who could afford a radio were definitely familiar with the signature tune of “All India Radio”, the government run public radio channel.
We had a radio at home when I was growing up. I remember with great fondness the AIR signature tune. I post it below. First a bit about AIR, also known as Akashvani (literally “voice from the sky.”) The wiki says: Continue reading “All India Radio Signature Tune”
David is right. The exchange of money for a painting is just a trade that does not alter the total amount of goods and services (resources) available in an economy. Person buying the painting acquires property rights over the painting, and the seller has the money–which represents claims on resources. The seller of the painting can do whatever he wants, including giving it to charity. The buyer could have given the money to charity instead of acquiring the rights to the painting. Continue reading “Money”
The fundamentals of economics is fun to learn. They are also somewhat counter-intuitive, until you internalize them and then it becomes part of your intuition.
Friedrich von Hayek held that “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.”
Social engineering and economic planning fails precisely when social scientists, instead of being students, presume to be able to intervene into things that are not amenable to design. The worst offenders in this regard are ignorant politicians. They push the country into needless poverty. Continue reading “Lessons from Economics”
The biological world presented a mystery to people for millennia. The variety of life forms on earth was clearly immense. It was also clear to some observers of the biological world of life on land and in water that they were the result of evolution that led to the formation of new species of plants and animals. It was well understood that the various life forms evolved from earlier life forms, and that all life was related to all others. The difficulty lay in explaining the mechanism for evolution.
Some other observers held a different view. They argued that the variety of life forms on earth were created by an act of creation. That implied that there was a creator who designed and seeded earth with the all kinds of life we see on earth. They are called “creationists” and are distinct from “evolutionists” who believed in evolution. Continue reading “The Imminent Energy Shock”
Well, you might say “who cares that the empress of an already past empire is dead,” and you’d be justified. The United Kingdom of Great Britain and Northern Ireland is not the global hegemon it used to be. I grant you that.
But Elizabeth II must have been a remarkable person for having reigned so long during often extremely turbulent times. For 70 years. She appears to have been a permanent fixture of the world — something like the Dalai Lama. Continue reading “The Queen is Dead”
How can the poor be helped is the most insistent question that the bleeding-hearted ask but only the hard-headed can answer. The fact that one has to understand is that the state of being poor is the background, default, standard state of every one of us.
No one is born wealthy. Everyone is born naked, helpless and poor. Sure, some are born to sweet delight but most us reading this were not born to an endless night. We were born to parents who were not poor, and could afford to give more us than what was needed for basic survival. And that makes all the difference. Non-poor parents are able to provide “credit” to their children. That credit helped us, their children, to become capable of producing wealth. We, in turn, can then provide credit to our own children — and the cycle continues. Continue reading “Dhan Vapasi — Credit Constraint”