Tuesday, July 3, 2012

Thursday, March 15, 2012

Sure it's bizarre - it's economics

To say that economics is not as exact a discipline as physics isonly stating the obvious. But I maintain there are some physics-likeprinciples involved in the dismal science. If some of the effects ofOsgoodian economics seem bizarre and appear not to make a whole lotof sense, all I can say is that Einstein's relativity seems to fly inthe face of logic and experience, too.

Einstein's constant (C for short) is the speed of light, whichis always exactly the same, 186,000 miles per second. That is aspeed limit, by the way. No object can move faster than that withoutlosing its mass and disappearing completely. If you were travelingat 186,000 miles per second, I'll bet you …

Clinton pushes Afghan reconciliation

KABUL, Afghanistan (AP) — U.S. Secretary of State Hillary Rodham Clinton on Thursday encouraged Afghanistan's wary leadership and civic leaders to keep up Taliban reconciliation efforts and boost counterterrorism cooperation with Pakistan as the Obama administration presses ahead with troop withdrawal plans.

On an unannounced visit to Kabul, Clinton told civic leaders the U.S. would not abandon Afghanistan and pledged that reconciliation would not come at the expense of women's and minority rights. Later she was to see President Hamid Karzai and other top Afghan officials to repeat that message.

Clinton assured women's rights activists, educators and politicians that their …