Wednesday, July 05, 2006

Here I am!

Had a good Fourth weekend with the in-laws. One bad spot: we hit a rock in the boat and broke the propeller. That rock is supposed to be marked, but we had a nasty, nasty thunderstorm the night before that may have blown it away (if it was there at that time). That'll cost about $300.

I ran a 10K in 58:24, continuing a trend of biting off more than I can chew.

Oh, well, somebody's gotta come in last. I actually beat two people younger than me, one of whom, a woman, looked to be in good shape.

But, Hey! Since I have to cut this short, Thomas Sowell has an interesting article out about the failings of Teddy Roosevelt:
The anti-trust laws which Theodore Roosevelt so fiercely applied did not protect consumers from high prices. They protected high-cost producers from being driven out of business by lower cost producers. That has largely remained true in the many years since TR was president.

The long list of low-price businesses targeted by anti-trust laws range from Sears department stores and the A&P grocery chain in the 20th century to Microsoft today, prosecuted not for raising the price of Windows but for including new features without raising prices. Much of the rhetoric of anti-trust remains the opposite of the reality.

Jim Powell's soon to be published book, "Bully Boy," goes in detail into the specifics of President Theodore Roosevelt's many crusades and their often disastrous consequences. But who cares about consequences these days?

TR was a "progressive" and denounced "malefactors of great wealth." What more could the intelligentsia and the media want?


One more thing to remember: here's Ben Franklin's Way to Wealth.

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