Free Markets – Page 24 – artdiamondblog.com

How to Save a Species by Eating It

Source of book image:
http://ecx.images-amazon.com/images/I/61cDbDl665L._SS500_.jpg

(p. D1) SOME people would just as soon ignore the culinary potential of the Carolina flying squirrel or the Waldoboro green neck rutabaga. To them, the creamy Hutterite soup bean is too obscure and the Tennessee fainting goat, which keels over when startled, sounds more like a sideshow act than the centerpiece of a barbecue.
But not Gary Paul Nabhan. He has spent most of the past four years compiling a list of endangered plants and animals that were once fairly commonplace in American kitchens but are now threatened, endangered or essentially extinct in the marketplace. He has set out to save them, which often involves urging people to eat them.
Mr. Nabhan’s list, 1,080 items and growing, forms the basis of his new book, an engaging journey through the nooks and crannies of American culinary history titled “Renewing America’s Food Traditions: Saving and Savoring the Continent’s Most Endangered Foods” (Chelsea Green Publishing, $35).
. . .
(p. C5) Some of the items on the list, like Ojai pixie tangerines and Sonoma County Gravenstein apples, were well on their way back before Mr. Nabhan came along. But other foods are enjoying a renaissance largely as a result of the coalition’s work.
The Makah ozette potato, a nutty fingerling with such a rich, creamy texture that it needs only a whisper of oil, is one of the success stories. It is named after the Makah Indians, who live at the northwest tip of Washington state and have been growing the potatoes for more than 200 years.
The Seattle chapters of Slow Food and the Chefs Collaborative adopted the rare potato. In 2006, Slow Food passed out seed potatoes to a handful of local farmers and gardeners, and chefs like Seth Caswell at the Stumbling Goat Bistro in Seattle began putting them on the menu.
Mr. Caswell says they are delicious roasted with a little hazelnut oil for salads or cut into wedges to go with burgers made with wagyu beef and Washington State black truffle oil.
There have been other revivals, the moon and stars watermelon and the tepary bean among them. The effort to reintroduce heritage turkeys to the American table was a precursor to the work of Mr. Nabhan and his collaborators.
The meaty Buckeye chicken, with its long legs suitable for ranging around, is considered one of five most endangered chicken breeds. Last year over 1,000 chicks were hatched and delivered to breeders, Mr. Nabhan said.
Justin Pitts, whose family has raised Pineywoods cattle in southern Mississippi for generations, credits the coalition with saving those animals. The small, lean cattle that provide milk, meat and labor spent centuries adapting to the pine barrens of the deep south, raised by families who can trace their herds back as far as anyone can remember. There are less than a dozen of those families left, and at one point the number of pure Pineywoods breeding animals fell to under 200. In the past few years, it has grown to nearly 1,000.
Mr. Pitts, who has “90 head if I can find them all,” sells New York strips and other cuts at the New Orleans farmers’ market and to chefs.
“I can’t raise cattle fast as they eat them,” he said.
He supports the notion that you’ve got to eat something to save it.
“If you’re keeping them for a museum piece,” he said, “you’ve just signed their death warrant.”

For the full story, see:
KIM SEVERSON. “An Unlikely Way to Save a Species: Serve It for Dinner.” The New York Times (Weds., April 30, 2008): D1 & D5.
(Note: ellipses added.)

Reference to book:
Nabhan, Gary Paul. Renewing America’s Food Traditions: Saving and Savoring the Continent’s Most Endangered Foods. White River Junction, VT: Chelsea Green Publishing Company, 2008.

Moon and stars watermelon. Source of image: http://bp0.blogger.com/_Tyq14YRMHCI/SBlWLE9tynI/AAAAAAAAAD8/gphhc3wgK-4/s1600/purplewatermelon266.jpg

“We Educate Them and Then Tell them to Go Home”

(p. C3) The United States may be synonymous with the high-tech revolution, but it is in danger of losing its high-tech edge, according to Cybercities 2008, a report released Tuesday by AeA, a technology industry trade association.
Because the federal government does not issue a sufficient number of green cards or work visas to talented foreign students studying here, there are a “tremendous number of unfilled jobs,” said Christopher Hansen, AeA’s chief executive.
“We educate them and then tell them to go home. This is absurd,” said Mr. Hansen, whose group has lobbied to increase the number of visas for foreign technology industry workers.

For the full story, see:
ERIC A. TAUB. “U.S. High Tech Said to Slip.” The New York Times (Weds., June 25, 2008): C3.

After Tort Reform, 7,000 M.D.s Have Gone to Texas

(p. A9) When Sam Houston was still hanging his hat in Tennessee in the 1830s, it wasn’t uncommon for fellow Tennesseans who were packing up and moving south and west to hang a sign on their cabins that read “GTT” – Gone to Texas.

Today obstetricians, surgeons and other doctors might consider reviving the practice. Over the past three years, some 7,000 M.D.s have flooded into Texas, many from Tennessee.
Why? Two words: Tort reform.
In 2003 and in 2005, Texas enacted a series of reforms to the state’s civil justice system. They are stunning in their success. Texas Medical Liability Trust, one of the largest malpractice insurance companies in the state, has slashed its premiums by 35%, saving doctors some $217 million over four years. There is also a competitive malpractice insurance industry in Texas, with over 30 companies competing for business. This is driving rates down.
The result is an influx of doctors so great that recently the State Board of Medical Examiners couldn’t process all the new medical-license applications quickly enough. The board faced a backlog of 3,000 applications. To handle the extra workload, the legislature rushed through an emergency appropriation last year.

For the full commentary, see:

JOSEPH NIXON. “CROSS COUNTRY; Why Doctors Are Heading for Texas.” The Wall Street Journal (Sat., May 17, 2008): A9.

Acclaimed Playwrite David Mamet Endorses Free Market

Source of image: online version of the WSJ commentary quoted and cited below.

(p. A18) The American playwright David Mamet wrote a piece for the Village Voice last week titled, “Why I Am No Longer a ‘Brain-Dead Liberal.'” Mr. Mamet, whose characters famously use the f-word as a rhythmic device (I think of it now as the “Mamet-word”), didn’t himself mince words on his transition. He was riding with his wife one day, listening to National Public Radio: “I felt my facial muscles tightening, and the words beginning to form in my mind: ‘Shut the [Mamet-word] up.'” Been known to happen.

Toward the end of the essay, he names names: “I began reading not only the economics of Thomas Sowell (our greatest contemporary philosopher) but Milton Friedman, Paul Johnson, and Shelby Steele, and a host of conservative writers, and found that I agreed with them: a free-market understanding of the world meshes more perfectly with my experience than that idealistic vision I called liberalism.”

For the full commentary, see:
DANIEL HENNINGER. “WONDER LAND; David Mamet’s Revision.” The Wall Street Journal (Thurs., March 20, 2008): A18.

African Farmer-Entrepreneurs, and U.S. Companies, Creating Another Breadbasket

(p. A14) ARSI NEGELE, Ethiopia — Babou Galgo, a 61-year-old farmer, proudly showed off his prized harvest from last season: two shiny gold medals from the regional and federal government and a slick certificate praising his “outstanding performance in increasing agriculture production and productivity.”
What he had done was boost his corn yields on his small farm in southern Ethiopia an eye-popping sevenfold over the past several years. Even more impressive, he had boosted the well-being of his family as well: With the added income, they moved out of a traditional mud-brick tukul and into a brick and concrete house furnished with a refrigerator, television and DVD player, rare luxuries for a farmer in one of the world’s poorest countries.
Indeed, not long ago, Mr. Galgo would have had no need for a refrigerator as meager yields had him struggling to feed his family. “It’s the seeds,” he says, noting the reason for his reversal of fortunes. “Hybrids.”
Africa’s nascent push to finally feed itself is turning the clock back to the early part of 20th-century America. It was in the 1930s and ’40s when Iowa-based Pioneer Hi-Bred International popularized hybrid seeds in the U.S., swelling corn yields throughout the Midwest. Seven decades later, African farmers and U.S. companies are trying to recreate the same boom that turned America into the world’s breadbasket, only this time in the harsh climate — environmental and political — of Ethiopia and greater Africa.
. . .
Farmer Galgo is ready for another upgrade. Sitting in his comfortable living room, beneath wall murals of Jesus and a peace dove, he tells Mr. Admassu, “I want to expand my land and buy a tractor. A big tractor, with a lot of power.”

For the full story, see:

ROGER THUROW. “Agriculture’s Last Frontier; African Farmers, U.S. Companies Try to Create Another Breadbasket With Hybrids.” The Wall Street Journal (Tues., May 27, 2008): A14.
(Note: ellipsis added.)

Free Trade Defended By Democratic Leadership Council Founder

(p. A15) Where are the pro-trade Democrats? America won’t increase middle-class incomes and create jobs without them.
. . .
History proves that expanding trade and productivity help create growth. We learned that the hard way when the Smoot-Hawley tariff helped crush trade and exacerbate the Great Depression. Conversely, we have seen trade drive the economy during the great expansions of the 1960s and 1990s.
. . .
Trade gives poor people around the globe the opportunity to build a brighter future. During the Clinton administration, new trade programs like the African Growth and Opportunity Act helped key regions in the world succeed, while American workers stood to gain.
I helped found the Democratic Leadership Council in the wake of Walter Mondale’s 49-state defeat in 1984, and we have always supported expanded trade. We still have a ways to go to win that argument in the Democratic Party. But the record is clear. Over the past 20 years, our party has grown stronger when we’ve been willing to do the right thing on the toughest issues, from putting the nation’s fiscal house in order to overhauling a broken welfare system that trapped millions in poverty.

For the full commentary, see:
AL FROM. “Confessions of a Pro-Trade Democrat.” The Wall Street Journal
(Mon., June 9, 2008): A15.
(Note: ellipses added.)

Starbucks Hypocritically Censors Its Customers

(p. A12) Laissez-faire. It’s a policy that made Starbucks vastly successful. But don’t try to put that phrase on a customized Starbucks Card.
The cards are supposed be personalized to reflect customers’ tastes and uniqueness. They are available in a range of colors, often given as gifts and used by regular customers who prefer to prepay for their java.
But when my friend Roger Ream, president of the Fund for American Studies, received a Starbucks gift card for Christmas, he found there was a limit to how personalized a card could be. His card required him to customize it on the company’s Web site. So he went to the site and requested that the phrase “Laissez Faire” be printed on his card. A few days later he was informed that the company couldn’t issue such a card because the wording violated company policy.
. . .
Maybe Starbucks considers the phrase inappropriate because it’s “overtly political commentary”? Certainly my friend regards it as a firm statement of political philosophy.
And so, at my suggestion, my friend went back to the Web site and asked that his card be issued with the phrase “People Not Profits.” Bingo! Starbucks had no problem with that phrase, and the card arrived in a few days.
I wondered just what the company’s standards were. If “laissez-faire” is unacceptably political, how could the socialist slogan “people not profits” be acceptable?
. . .
Starbucks has prospered mightily in a free economy. For the most recent fiscal year, the company earned $672.6 million on revenue of $9.4 billion, a very healthy profit. And these days, in the wake of a California Superior Court judge’s order that the company repay $100 million in back tips that were shared by shift supervisors, Starbucks honchos just might like a little less government intervention in their affairs and a little more laissez-faire.

For the full commentary, see:
DAVID BOAZ. “Starbucks and ‘Laissez Faire’.” The Wall Street Journal
(Mon., April 7, 2008): A12.
(Note: ellipses added.)

Argentine Taxes “Killing Their Incentives”

“Marcelo Marchetti, president of Cigra group.” Source of caption and photo: online version of the NYT article quoted and cited below.

(p. 6) WENCESLAO ESCALANTE, Argentina — When the government decided in March to raise taxes on farmers’ profits, it set off a rural revolt in Argentina. For three weeks enraged farmers blocked roads nationwide, paralyzing grain and meat sales and causing food shortages.
. . .
The farmers say they are concerned not only about profits, though the steeper taxes have cut into them. They also say Mrs. Kirchner’s policies are threatening to reverse one of the great agricultural booms in Argentina’s history and to snuff out a technological and entrepreneurial revolution that has made the country a leading food source in a world racked by hunger and rising food prices.
“We have an enormous historic opportunity to grow as a country, but the government wants to punish a sector that should continue to be an engine of growth,” said Marcelo Marchetti, 39. “The world has opened its doors to us, and here we are fighting among ourselves.”
. . .
An emergency law passed in 2002, in the midst of an economic crisis, has allowed the Kirchner government to create export taxes and keep the revenues away from governors and mayors. The Kirchners have used the doling out of those revenues to maintain political control over the provinces, which were critical to Mrs. Kirchner’s election.
. . .
In Wenceslao Escalante, the Marchetti brothers, who both studied accounting in college, said the government’s policies were killing their incentives to produce more. A decade ago they formed their company, Cigra, investing in the latest seed technology and farm equipment, and later buying $400,000 grain harvesters with global positioning systems.
Seven years ago the brothers expanded north into Chaco and Santiago del Estero, provinces where the land was thought to be too dry to support corn and soybeans. Today, with more advanced seeds and better crop rotation, it is considered the frontier for Argentine agriculture. But production there is threatened by declining profitability.
As the government has taken more from the farmers, international prices for the supplies to produce their crops, including fertilizers and seeds, have been rising faster than the prices of the commodities, Marcelo Marchetti said. The price of phosphorus, for example, has nearly tripled since last year, he said.
Suddenly the future seems cloudier. The brothers have decided not to make any investments over the next year.
“Everything is on hold,” Mr. Marchetti said.

For the full story, see:
ALEXEI BARRIONUEVO. “In Argentina’s Grain Belt, Farmers Revolt Over Taxes.” The New York Times, Section 1 (Sun., April 27, 2008): 6.
(Note: ellipses added.)

“At a butcher shop in Buenos Aires, supplies were down during strikes by farmers in rural towns like Wenceslao Escalante.” Source of caption and photo: online version of the NYT article quoted and cited above.

Economists’ Statement on McCain Economic Plan (that I Signed)

I agreed to have my name added to the “Economist’s Statement” below, which was released to the press on Mon., July 7th. My general view is that free markets encourage morality, free choice, efficiency, and innovation; and that John McCain is much more likely to adopt free market policies than is Barack Obama.

Economists’ Statement:
We enthusiastically support John McCain’s economic plan. It is a comprehensive, pro-growth, reform agenda. The reform focuses on the real economic problems Americans face today and will face in the future. And it builds on the core economic principles that have made America great.
His plan would control government spending by vetoing every bill with earmarks, implementing a constitutionally valid line-item veto, pausing non-military discretionary government spending programs for one year to stop their explosive growth and place accountability on federal government agencies.
His plan would keep taxes from rising, because higher tax rates are exactly the wrong policy to restore economic growth, especially at this time.
His plan would reduce tax rates by cutting the tax that corporations pay to 25 percent in line with other countries, by completely phasing out the alternative minimum tax, by increasing the exemption for dependents, by permitting the first-year expensing of new equipment and technology, and by making permanent a reformed tax credit for R&D.
His plan would also create a new and much simpler tax system and give Americans a free choice of whether to pay taxes under that simple system or the current complex and burdensome income tax.
His plan would open new markets for American goods and services and thereby create additional jobs for Americans by supporting good free trade agreements, such as the one with Colombia, and working with leaders around the world to avoid isolationism and protectionism. His plan would also reform education, retraining, and other assistance programs so they better help those displaced by trade and other changes in the economy. His plan addresses problems in the financial markets and housing markets by calling for increased transparency and accountability, by targeted assistance to deserving homeowners to refinance their mortgages, and by opposing so-called reform plans which would raise the costs of home-ownership in the future.
The above actions, as well as plans to address entitlement programs — especially Social Security, Medicare and other government health care programs — and his regulatory reforms — especially in the area of health care — constitute a broad and powerful economic agenda. Because of John McCain’s experience working with the American people in all walks of life, with members of Congress on both sides of the aisle, and with leaders around the world, we are optimistic that these plans will become a reality and will create jobs and restore confidence and strong economic growth.

Economists Who Have Signed The Statement:
Burton Abrams, University of Delaware
James D. Adams, Rensselaer Polytechnic Institute
Douglas K. Adie, Ohio University
Richard Agnello, University of Delaware
William Albrecht, University of Iowa
Constantine Alexandrakis, University of Massachusetts at Dartmouth
William Alpert, University of Connecticut
Wayne Angell, Former Fed Governor
Fernando E. Alvarez, University of Chicago
Geoffrey T. Andron, Austin Community College
George R. Averitt, Purdue University North Central
Charles Baird, California State University, East Bay
Howard Beales, George W ashington University
Stacie E. Beck, University of Delaware
Gary Becker, University of Chicago
Donald Bellante, University of South Florida
Daniel K. Benjamin, Clemson University
John J. Bethune, Barton CollegeSanjai Bhagat, University of Colorado
Andrew G. Biggs, American Enterprise Institute
Robert G. Bise, Orange Coast College
Michael K. Block, University of Arizona
Donald Booth, Chapman University
Karl J. Borden, University of Nebraska
Michael Bordo, Rutgers University
George H. Borts, Brown University
Mich ael Boskin, Stanford University
Daniel P. Brandt III, Washington, D.C.
Ike Brannon, Department of the Treasury
David P. Brown, University of Wisconsin-Madison
Jeff Brown, University of Illinois at Urbana-Champaign
Joseph Brusuelas, Merk Investments
Phillip J. Bryson, Brigham Young University
Andrzej Brzeski, University of California, Davis
James Buchanan, George Mason University
Todd Buchholz, Two Oceans Management
Richard Burdekin, Claremont McKenna College
Richard V. Burkhauser, Cornell University
James B. Burnham, Duquesne University
Andr ew B. Busch, BMO Capital Markets
James L. Butkiewicz, University of Delaware
Mark Calabria, United States Senate
James Carter, Vienna, VA
Don Chance, Louisiana State University
Barry R. Chiswick, University of Illinois at Chicago
Bhagwan Chowdhry, UCLA
Richard Clarida, Columbia University
Candice Clark, Economic consultant
Kenneth W. Clarkson, University of Miami
Warren Coats, IMF, retired
John Cogan, Hoover Institution
Boyd D. Collier, Tarleton State University
Michael Connolly, University of Miami
Kathleen B. Cooper, Southern Methodist University
Joshua Coval, Harvard University
Ted Covey, McLean, Virginia
Nicole Crain, Lafayette College
W. Mark Crain, Lafayette College
Dan Crippen, Former CBO Director
Thomas D. Crocker, University of Wyoming
Robert L. Crouch, University of California, Santa Barbara
Mario J. Crucini, Vanderbilt University
Ward S. Curran, Trinity College
Coldwell Daniel III, The University of Memphis
Antony Davies, Duquesne University
Steven Davis, University of Chicago
Clarence R. Deitsch, Ball State University
Richard DeKaser, National City Corporation
Stephen J. Dempsey, University of Vermont
Christopher DeMuth, American Enterprise Institute
David B.H. Denoon, New York University
William G. Dewald, Ohio State University
Arthur M. Diamond Jr., University of Nebraska at Omaha
John Diamond, Rice University
David L. Dickinson, Appalachian State University
Francis X. Diebold, University of Pennsylvania
Jeffrey H. Dorfman, University of Georgia
Thomas J. Duesterberg, Manufacturers Alliance/MAPI
Parnell Duverger, Broward Community College
Isaac Ehrlich, SUNY at Buffalo
Martin Eichenbaum, Northwestern University
Jeffrey A. Eisenach, Criterion Economics
Michael A. Ellis, Kent State University
Joachim G. Elterich, University of Delaware
Kenneth Elzinga, University of Virginia
Stephen J. Entin, Institute for Research on the Economics of Taxation
T.W. Epps, University of Virginia
Michael G. Erickson, The College of Idaho
Paul Evans, Ohio State University
Dino Falaschetti, Hoover Institution
Frank Falero Jr., California State University
Susan K. Feigenbaum, University of Missouri, St. Louis
Martin Feldstei n, Harvard University
Eric Fisher, California Polytechnic State University
Arthur A “Trey” Fleisher III, Metro State College of Denver
James Forcier, University of San Francisco
William F. Ford, Middle Tenn. State U.
Michele Fratianni, Indiana University
Luke Froeb, Vanderbilt University
Kenneth C. Froewiss, NYU Stern School of Business
Diana Furchtgott-Roth, Hudson Institute
Timothy S. Fuerst, Bowling Green State University
Lowell Gallaway, Ohio University
B Delworth Gardner, Brigham Young University
Dave Garthoff, The University of Akron
Ilhan K. Geckil, Anderson Economic Group
Rick Geddes, Cornell University
Joseph A. Giacalone, St. John’s University
Adam Gifford, California State University, Northridge
David Gillette, Truman State University
Micha Gisser, University of New Mexico
Amy Jocelyn Glass, Texas A&M University
Charles J. Goetz, The University of Virginia
Claudio Gonzalez-Vega, The Ohio State University
Lawrence Goodman, Bergen City, NJ
Barry K. Goodwin, North Carolina State University
Eric S. Graber, Independent Economist
Douglas H. Graham, The Ohio State University
J. Edward Graham, University of North Carolina Wilmington
Phil Gramm, Former U.S. Senator
Teresa Beckham Gramm, Rhodes College
Wendy Lee Gramm
William B. Green, Sam Houston State University
Kenneth Greene, Binghamton University
Paul Gregory, University of Houston
Earl Grinols, Baylor University
Gary Hansen, UCLA
Eric Hanushek, Hoover Institution
Stephen Happel, Arizona State University
James E. Hartley, Mount Holyoke College
Kevin Hassett, American Enterprise Institute
Joel W. Hay, University of Southern California
Jared E. Hazleton, Texecon: A Texas Economic Consulting Firm
Charles E. Hegji, Auburn University Montgomery
Robert H. Heidt, Indiana University School of Law
Harold M. Hochman, CUNY Graduate Center and Lafayette College
Robert J. Hodrick, Columbia Business School
Stuart G. Hoffman, The PNC Financial Services Group
Arlene Holen, Washington, D.C.
Mac R. Holmes, Troy University
Douglas Holtz-Eakin, John McCain 2008
C. Thomas Howard, University of Denver
E. Philip Howrey, University of Michigan
Glenn Hubbard, Columbia University
James L. Huffman, Lewis & Clark Law School
J. Christopher Hughen, University of Denver
E. Kingdon Hurlock, Calvert Investment Counsel
Stephen L. Jackstadt, University of Alaska, Anchorage
Joseph M. Jadlow, Oklahoma State University
Sherry L Jarrell, Wake Forest University
Michael C. Jensen, Harvard Business School
Dennis A. Johnson, University of South Dakota
Shane A. Johnson, Texas A&M University
Richard Just, University of Maryland
Tim Kane, Washington, D.C.
Steven Kaplan, University of Chicago Graduate School of Business
Alexander Katkov, Johnson and Wales University
Melissa Kearney, University of Maryland
Joe Kennedy, Arlington, Virginia
Lawrence W. Kenny, University of Florida
Calvin A. Kent, Marshall University
E. Han Kim, University of Michigan
Robert G. King, Boston University
Paul R. Koch, Olivet Nazarene University
Meir Kohn, Dartmouth College
James W. Kolari, Texas A&M University
Roger C. Kormendi, Kormendi/Gardner Partners
Marvin Kosters, American Enterprise Institute
Robert Krol, California State University, Northridge
Anne Krueger, Johns Hopkins University
Deepak Lal, University of Cal ifornia, Los Angeles
Douglas Lamdin, The University of Maryland, Baltimore County
Daniel L Landau, University of Connecticut
Richard La Near, Missouri Southern State University
Nicholas A. Lash, Loyola University
Don R. Leet, California State University, Fresno
Norman B. Lefton, Southern Illinois University at Edwardsville
Tom Lehman, Indiana Wesleyan University
Thomas M. Lenard, Technology Policy Institute
Noreen E. Lephardt, Marquette University
Adam Lerrick, Carnegie Mellon University and the American Enterprise Institute
Philip I. Levy, American Enterprise Institute
W. Cris Lewis, Utah State University
Andrew Light, Liberty University
Jane Lillydahl, University of Colorado at Boulder
Zheng Liu, Emory University
Luis Locay, University of Miami
John R. Lott Jr., University of Maryland
Lawrence W. Lovik, Alabama Policy Institute
Robert Lucas, University of Chicago
John Lunn, Hope College
R. Ashley Lyman, University of Idaho
Paul W. MacAvoy, Yale School of Management
Glenn MacDonald, Washington University in St. Louis
John Makin, American Enterprise Institute
Burton Malkiel, Princeton University
David Malpass, Encima Global LLC
Michael Marlow, California Polytechnic State University
Donald J. Marshall, Consulting Engineer and Economist
Aparna Mathur, American Enterprise Institute
Timothy Matthews, Kennesaw State University
John Matsusaka, University of Southern California
Bennett McCallum, Carnegie Mellon University
Paul W. McCracken, University of Michigan
Martin C. McGuire, University of California-Irvine
W. Douglas McMillin, Louisiana State University
Roger Meiners, University of Texas – Arlington
Will Melick, Kenyon College
Allan Meltzer, Ca rnegie Mellon University
John Merrifield, University of Texas at San Antonio
Paul Merski, Independent Community Bankers of America
Jim Mietus, Great Falls, VA
Todd Milbourn, Washington University in St. Louis
Geoffrey P. Miller, New York University Law School
James Miller, George Mason University and The Hoover Institution
William C. Miller, Pioneer Analytics LLC
David E. Mills, University of Virginia
Velma Montoya, National Council of Hispanic Women
Michael Moore, George Washington University
Charles Britt Moss, University of Florida
Robert Mundell, Columbia University
Tim Muris, George Mason University
David B. Mustard, University of Georgia
Richard F. Muth, Emory University
Anthony N. Negbenebor, Gardner-Webb University
Charles Nelson, University of Washington
Robert J. Newman, Louisiana State University
Michael P. Niemira, International Council of Shopping Centers
Tom O’Brien, University of Connecticut
Lee E. Ohanian, UCLA
June O’Neill, Baruch College, CUNY
Steve Parente, University of Minnesota
Randall Parker, East Carolina University
Douglas Patterson, Virginia Tech
Tim Perri, Appalachian State University
Mark J. Perry, University of Michigan-Flint
Tomas Philipson, University of Chicago
William Poole, University of Delaware
Michael E. Porter, Harvard Business School
Barry Poulson, University of Colorado Boulder
James Prieger, Pepperdine University
R. David Ranson, H. C. Wainwrigth & Co. Economics Inc.
Richard Rawlins, Missouri Southern State University
Martin A. Regalia, Gaithersburg, Maryland
Barrie Richardson, Centenary College
Christine P. Ries, Georgia Institute of Technology
Aldona Robbins, Fiscal Associates
Gary Robbins, Fiscal Associates
Kenneth Rogoff, Harvard University
Richard Roll, UCLA
Harvey Rosen, Princeton University
Larry L. Ross, University of Alaska, Anchorage
Robert Rossana, Wayne State University
Timothy P. Roth, The University of Texas at El Paso
Charles Rowley, George Mason University
Paul H. Rubin, Emory University
Roy Ruffin, University of Houston
Gary J. Santoni, Ball State University
T.R. Saving, Texas A&M University
Mike Schuyler, Institute for Research on the Economics of Taxation
Anna Schwartz, National B ureau of Economic Research
Loren C. Scott, Louisiana State University
Robert Haney Scott, California State University, Chico
Carlos Seiglie, Rutgers University
Richard Selden, University of Virginia
John Semmens, Laissez Faire Institute
Sol S. Shalit, University of Wisconsin
Alan Shapiro, University of Southern California
Judy Shelton
William F. Shughart II, The University of Mississippi
George Shultz, Hoover Institution
Jerome Siebert, University of California, Berkeley
John Silvia, Wachovia
Chuck Skipton, University of Tampa
Scott B. Smart, Indiana University
Amy Smith, Former OMB Chief Economist
James F. Smith, The University of North Carolina
Vernon Smith, Chapman University
Sean M. Snaith, University of Central Florida
Douglas Southgate, Ohio State University
Frank Spreng, McKendree University
Beryl W. Sprinkel, Retired
Stan Spurlock, Mississippi State University
George J. Staller, Cornell University
Craig A. Stephenson, Babson College
Houston Stokes, University of Illinois at Chicago
Courtenay C. Stone, Ball State University
Scott Sumner , Bentley College
James Sweeney, Stanford University
Richard Sweeney, Georgetown University
Robert Tamura, Clemson University
Clifford Tan, Stanford Center for International Development
John A. Tatom, Indiana State University
John Taylor, Stanford University
Paul Taylor, Vienna, VA
Teresa Tharp, Valencia Community College
Clifford F. Thies, Shenandoah University
Henry Thompson, Auburn University
Walter N. Thurman, North Carolina State University
Jerry G. Thursby, Georgia Institute of Technology
Robert D Tollison, Clemson University
William N. Trumbull, West Virginia University
Kamal Upadhyaya, University of New Haven
Charles W. Upton, Kent State University
Peter J Van Blokland, University of Florida
T. Norman Van Cott, Ball State University
Richard Vedder, American Enterprise Institute
George J. Viksnins, Georgetown University
J. Antonio Villamil, The Washington Economics Group
Richard E. Wagner, George Mason University
William B. Walstad, University of Nebraska-Lincoln
Murray Weidenbaum, Washington University in St. Louis
Marc D. Weidenmier, Claremont McKenna College
Finis We lch, Texas A&M University
James B. Whitaker, Centreville, VA
John Wicks, University of Montana
Wayne H. Winegarden, Arduin, Laffer & Moore Econometrics
Gary Wolfram, Hillsdale College
DeVo L. Yoho, Ball State University
Nancy A. Yonge, Smith Center for Private Enterprise
Paul J. Zak, Claremont Graduate University
Mokhlis Y. Zaki, Northern Michigan University
Mark Zandi, Malvern, PA
Arnold Zellner, University of Chicago
Kate Zhou, University of Hawaii
Joseph Zoric, Franciscan University of Steubenville
Benjamin Zycher, Manhattan Institute for Policy Research
* Affiliations are listed for identification purposes only.

The statement may be found online at:

http://www.johnmccain.com/Informing/News/PressReleases/Read.aspx?guid=c90681b9-5dfe-4de4-8057-ceedb30c228d

The Inefficiency of a Labor Safety Net

“Government milk is sold mostly through curbside milk stalls. Some customers don’t find the milk stands appealing since they can be dingy and the milk sometimes bad.” Source of caption and photo: online version of the WSJ article quoted and cited below.

(p. A1) MUMBAI — Every workday morning, milkman D.T. Walkar faithfully comes to Worli Dairy to not deliver milk.
Most days, he and his fellow drivers at the government dairy sign in, then move to the rest area. While others read the paper, nap or play rummy, Mr. Walkar likes to do the Sudoku puzzle in the Maharashtra Times, unless someone else has gotten to it first. He then wanders around the complex and talks to friends. The last delivery trucks were sold last year. “The trucks are all gone so we just sit around and talk,” says Mr. Walkar, 50 years old. “We are bored.”
Once respected civil servants, Mr. Walkar and his 300-odd fellow drivers have been left in a strange limbo. Milk sales at their dairy have plummeted as the state government lost its monopoly on milk and consumer tastes changed. But because Indian work rules strictly protect government workers from layoffs, the delivery men show up for work each morning for eight-hour shifts, as they always did, then proceed to do nothing all day. They rarely, if ever, leave the plant.
. . .
(p. A5) In 2001, the Indian government started opening the dairy market in Maharashtra to competition. Private carriers with higher quality milk swiftly won customers by delivering milk to doorsteps. The government milkmen have always been restricted to delivering mostly to curbside milk stalls so they could cover a greater area.
Customers swiftly deserted. Many switched to heat-treated milk in sealed packages that resist spoiling. Some ditched the government’s former best sellers of sweet Pineapple milk and spicy Masala milk for Coca-Cola and Sprite as Indian tastes westernized. Others never found the milk stands appealing — they can be dingy and the milk sometimes bad.

For the full story, see:
ERIC BELLMAN. “Out to Pasture: India’s Milkmen Bide Their Time; No Work, Secure Job Put Them in Limbo; Where’s the Sudoku?” The Wall Street Journal (Sat., March 29, 2008): A1 & A5.
(Note: ellipsis added.)

“Because Indian work rules protect government workers from layoffs, 300-odd former milk truck drivers show up at the Worli Dairy for work each morning just as they always did, then do nothing all day. To pass the time, the men do puzzles, yoga or just sleep off the hours. Once, they tried planting a garden.” Source of caption and photo: online version of the WSJ article quoted and cited above.

Raúl Castro Decrees that Cubans May Now Buy DVD Players, Computers, and Cell Phones

“Cubans in Havana recently bought DVD players, among newly available appliances.” Source of caption and photo: online version of the NYT article quoted and cited below.

(p. A1) HAVANA — Can a rice maker possibly be revolutionary?
There they were, piled up one atop another, Chinese-made rice makers selling for $70 each. Beside them, sleek DVD players. Across the well-stocked electronics store were computers and televisions and other household appliances that President Raúl Castro recently decreed ought to be made available to average Cubans, or at least those who could afford them.
Since finally succeeding his ailing 81-year-old brother, Fidel, in February, Mr. Castro, 76, who appeared before hundreds of thousands of Cubans at a May Day rally on Thursday here in the capital, has been busy with a flurry of changes. In the last eight weeks he has also opened access to cellphones, lifted the ban on Cubans using tourist hotels and granted farmers the right to manage unused land for profit.
More is on the horizon, government officials say, like easing restrictions on traveling abroad and the possibility of allowing Cubans to buy and sell their own cars, and perhaps even their homes. Each of these changes may be microscopic in contrast to the outsize problems facing Cuba. But taken together, they are shaking up this stoic, time-warped place.

For the full story, see:
MARC LACEY. “Stores Hint at Change Under New Castro.” The New York Times (Fri., May 2, 2008): A1 & A8.