QOTD - Greg Mankiw

"Trickle-down" is not a theory but a pejorative used by those on the left to describe a viewpoint they oppose.

http://gregmankiw.blogspot.com/2013/11/the-popes-rhetoric.html

That Henry Ford story you heard was bunk

The reason for the pay rise was not as some of our contemporaries seem to think it was. It was nothing at all to do with creating a workforce that could afford to buy the products. It was to cut the turnover and training time of the labour force: for, yes, in certain circumstances, raising wages can reduce total labour costs.

Tim Worstall in Forbes

QOTD - Brad Lomborg in the WSJ

Subsidizing first-generation, inefficient green energy might make well-off people feel good about themselves, but it won't transform the energy market.

Green-energy initiatives must focus on innovations, making new generations of technology work better and cost less. This will eventually power the world in a cleaner and cheaper way than fossil fuels. That effort isn't aided by the perpetuation of myths.

http://online.wsj.com/news/articles/SB10001424127887324432404579051123500813210

QOTD - Ed Crane

There are two types of human beings: people who want to interfere in the way other people live their lives, and people who are content to mind their own business.  Which type of people do you think go into politics?

h/t Cafe Hayek

QOTD - William F. Buckley

"There shouldn't be tax exemptions for anybody or anything. Not for the little church around the corner, not for Harvard University, not for the Olympic Laser Sailboat Committee. That position is so defensible as to be my own: The Government should stop using tax policy to encourage or discourage particular activities."
William F. Buckley, 1988 column, reprinted in Happy Days Were Here Again

BoSox win the Pennant.

Link of the Day - the great Mark Perry

http://www.aei-ideas.org/2013/09/boys-vs-girls-on-the-math-sat-test/