Cleaning out the notebook again…
I’m not sure what to say about the Florida GOP results that I haven’t already said over and over again. Barring something completely unexpected, Mitt Romney is going to be the Republican nominee. The fall choice will be progressive vs. progressive lite.”
I continue to hear from my Ron Paul-supporting friends that he still has a chance to win. No, he doesn’t. I have more chance of being struck by lightning than he does of winning. A friend accused me Tuesday night of being negative, but it has nothing to do with that. It’s just a hard, cold analysis of the facts. Neither Paul nor anybody else selling libertarian ideas has any chance of winning anytime soon. That’s not what people want.
People don’t understand basic economics. I’m reminded of that frequently. The latest example comes from a couple who live on my street. They had their house on the market for months and months. They had one offer, but that offer was for $20,000 less than the asking price, so they declined it and the house is now off the market.
They talked to me a few days ago about this situation, and the wife kept saying, “I’m just not going to give it away. It’s worth what we’re asking. People just want you to give it to them because prices are down.” No, seriously. I’m not making this up. People don’t understand that something is worth what a willing seller will take and a willing buyer will pay. The value from a few years ago is irrelevant. What they prefer to get is irrelevant. This very nice woman is angry at potential buyers — who she sees as trying to cheat her. She doesn’t understand the market. Sadly, this is the way most people think. It’s the kind of ignorance that leads to wage and price controls, as well as laws to control all sorts of things instead of letting the market work as it’s supposed to. It’s that ignorance that’s leading us to financial ruin.
FRIDAY FUNNIES
What really caused me to run from a ‘haunted house’ long ago?
Good artists show us what we can’t yet see with our own eyes
Envy drives hatred for wealthy, but I want to earn my riches
Both sides of gun debate see what they want to see in D.C. shooting
Anarchist vs. minarchist debate misses the shift to post-statist world
I love my iPad, but I suspect that books are better for ‘deeper’ learning
For me, money always comes best when I’m pursuing higher purpose