Your Teacher Said What?! (33 page)

BOOK: Your Teacher Said What?!
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internal locus of control
International Alliance of Theatrical Stage Employees, Moving Picture Technicians, Artists and Allied Crafts (IATSE)
International Brotherhood of Teamsters
inventions
Israel
Jeter, Derek
Jones, Phil
Jones Act
Keynes, John Maynard
Keynesianism
King Kullen
Koppel, Ted
Krauthammer, Charles
Krugman, Paul
labeling regulations
labor freedom
labor relations
labor theory of value
labor unions.
See
unions
Langone, Kent
Lectures on Jurisprudence
(Smith)
Lehman Brothers
Lenape Indians
leverage
liberals
licensing laws
Locke, John
Long Island Railroad
McDonald's
McGovern, George
Mackey, John
Madison, James
Major League Baseball Players Association
mandate to purchase health insurance
Mann, Michael
Marcus, Bernie
Marshall, Alfred
Marx, Karl
Massachusetts health care plan
May Day protests
medical schools, regulation of
mercantilism
middlemen
Miron, Jeffrey
Mises, Ludwig von
Modern Times
(movie)
monetary inflation
monopolies
monopsony
Monsanto
mortgages
Mother Jones
movie industry.
See
television and movie industry
Moynihan, Daniel Patrick
Nader, Ralph
Nadler, Jerrold
nanny state.
See
state socialism
The Narcissism of Minor Differences: How America and Europe Are Alike
(Baldwin)
National Education Association
National Environmental Policy Act (NEPA)
National Industrial Recovery Act (NIRA)
National Labor Relations Act of 1935
National Labor Relations Board (NLRB),
negative income tax
Nestle, Marion
Netanyahu, Benjamin
New Deal
New York Times
Wall Street Journal
editorials compared
Nickelodeon
Nightline
(TV show)
Nixon, Richard
Norris-LaGuardia Act of 1932
nuclear power plants
nutrition labeling
Nye, John
Obama, Barack Hussein
Obama, Michelle
Obama administration
oil
peak oil
reserves
Olbermann, Keith
oligopolies
oligopsony
Omnivore's Dilemma, The
(Pollan)
O'Neal, Shaquille
opportunity cost
scarcity and
Organic Food Alliance
organic foods
Pan Am
patents
Patient Protection and Affordable Care Act
peak oil
Pelosi, Nancy
per capita GDP
growth in, American vs. European
perfect competition
Pew Research Center
Pirates of the Caribbean: Dead Man's Chest
(movie)
Pirates of the Caribbean
(movie)
Pixar
Playhouse 90
(TV show)
Pollan, Michael
prescription drugs
prevailing wages
price
price gouging
price inelasticity
price signals
profit
progressive income tax
Progressives and Progessivism
passim
American style economy, view of
climate change and
deficit reduction plan and
distrust for free markets
economic literacy and
educators and
fair trade and
health care reform and
organic foods and
parenting and
progress and
reaction to midterm elections of 2010 of
regulation and
tax cuts and
unions and
Prohibition
Promise of American Life, The
(Croly)
property rights
in bison
in broadcasting channels
commodities and
environmentalism and
intellectual property rights
labor theory of value and
ownership by might
possession and
and protection of land
in real property
in timber
usufruct distinguished from
Prout, William
public option
public safety rationale for regulation
public sector unions
Quintanilla, Carl
Railway Labor Act of 1926
Ratatouille
(movie)
rationing of health care
Rawls, John
Read, Leonard
Reagan, Ronald
real property
Reason
recession
defined
Great Recession
regressive income tax
regulation
antiscalping
of banks
to correct failures of the market
labeling
licensing laws
of medical schools
Progressives and
public safety rationale for
unintended consequences of
res nullius
Restoring American Financial Stability Act.
See
Dodd-Frank Financial Reform Bill
Ricardo, David
Rich, Frank
risk
Road to Serfdom, The
(Hayek)
Rock of Ages
(play)
Romney, Mitt
Roosevelt, Franklin Delano
Roosevelt, Theodore
salaries.
See
compensation
Salazar, Ken
Sanders, Bernie
Santelli, Rick
Saturday Night Live
(TV show)
scarcity
Schumpeter, Joseph
Scorsese, Martin
Senor, Dan
Service Employees International Union (SEIU)
Sherk, James
shoelace manufacturing process, elements of
shortages
Shrek
(movie)
Sierra Club
Simon, Julian
single-payer system
Smith, Adam
smoking.
See
cigarette smoking
Spirited Away
(movie)
Squawk Box
(TV show)
stagflation
Star bucks
Start-Up Nation
(Senor)
state socialism
stimulus, fiscal
stocks
Stone, Oliver
Stossel, John
subprime loans
substitution principle
Sunstein, Cass
supermarkets
supply curve
tax cuts
teachers' unions
Tea Party
television and movie industry
CEOs as villains
environmental romanticism
multinational corporations as villains
negative views on business of
property rights in broadcast spectrum and
underdog perspective
tenure
30 Rock
(TV show)
timber, property rights in
Time
Time for Kids
Tocqueville, Alexis de
tragedy of the commons
Troubled Asset Relief Program (TARP)
Truman, Harry
Trumka, Richard
trust
credit and
free markets
Ultimatum
underdog perspective, in movies
unions
card check and
craft
disability/pension payments received by members of
economic impacts of
history of
industrial
legislation benefiting
political impact of
public sector
teachers'
wage impacts of
United Auto Workers (UAW )
United Parcel Service (UPS)
United States Chamber of Commerce
United States Postal Service
Up
(movie)
usufruct
vacation
vegans
Viacom
virtues, and free-market capitalism
voluntary associations
wages.
See
compensation
Wahl, Eugene
Wallace and Gromit: The Curse of the WereRabbit
(movie)
Wall-E
(movie)
Wall Street Journal
New York Times
editorials compared
Wall Street
(movie)
Walmart
Warren, Elizabeth
Washington Post
Waters, Alice
Wealth of Nations, The
(Smith)
Welch, Jack
welfare
Whitney, Eli
Whole Foods
Wire, The
(TV show)
Yglesias, Matthew
You've Got Mail
(movie)
1
Or even making comments about my waistline on the CNBC Web site, which really hurt.
2
Bad as the Great Depression was for the country, it was a golden age for the Cubs: Between 1929 and 1939, they won the National League pennant five times. On the other hand, they didn't win the World Series even once; they were, after all, still the Cubs.
3
Note that Mrs. Obama, who had traced her family's financial success to her husband 's two best-selling books, earned $121,910 in 2004 . . . and after her husband was elected to the U. S. Senate in 2005, $316,962.
4
This is actually one way that twenty-first-century century Progressives differ from their early-twentieth-century ancestors, who were eager to adopt labor-saving technologies, possibly because they still remembered the backbreaking labor associated with preindustrial farming and manufacturing. Whenever you hear the word “artisanal ” spoken approvingly in reference to clothing or food, you are in the presence of a Progressive.
5
For information on how movies and television aimed at children reinforce this idea, see chapter 5.
6
Sometimes called “Pareto efficient” or “Pareto optimal ” for the Italian economist Vilfredo Pareto, who defined it as a situation where it is impossible to make someone better off without making someone else worse off. Kind of like free agency in baseball.
7
For more on fair trade, see chapter 8.
8
Because the “D” in GDP stands for “domestic” expenditure, calculations have to take out the value of imports and exports . . . not that you asked.
9
Not as much as it sounds. This quantity of gold would be a cube about one hundred feet on a side.
10
This is true in the Northeast, which I now know adopted the old English system, called “metes and bounds,” in colonial times. Beginning in 1785, on territory that would become my home state of Ohio, the rest of the country was surveyed with a far more modern system: the Pubic Land Survey System.
11
The deed description, which I found in our locallibrary, begins, “Bounded and limited with the bay eastward and the great River Pesayak northward, to the great Creke or River in the meadow, running to the head of the Cove, and from thence bareing a westerly line for the south bound, which said great Creek is commonly called. . . .”
12
Hardin was nothing if not consistent, contending in the same article that the same logic argued for government control of reproduction, with the famous argument that there is “no right to breed.” The Nobel Prize–winning economist Elinor Ostrom demonstrated why, despite Hardin's logic, the world was not, in fact, a desert . . . but he is still regarded as a hero of the environmental movement.
13
For more about the Kernen family's eating habits, see chapter 8.
14
Since then, it has, in constant dollars, more than quintupled. Thank you, inventors.
15
It's also, in a very different setting, why you can buy a reserved seat for a play but not for a movie: It costs just as much to hire ushers to make sure that no one sits in your $10 seat at the local multiplex as it does to hire ushers to make sure no one sits in your $100 seat in a Broadway theater.
16
Old-school guys like Koppel probably even believe in their own objectivity, which is the saddest part of all. For more about media confusion, see chapter 5.
17
Central planners
have
been attacking Bt cotton pretty regularly, though, despite its demonstrated ability to improve yields using far less toxic insecticides. Central planners tend to be Progressives, and Progressives haven't got a lot of love for genetically modified organisms, or GMOs.
18
Acetate actually comes from the same wood-pulp mill as the raw material for the cardboard with which the laces are packaged.
19
For more about Hayek, see chapter 2.
20
The term has actually been used by engineers for fifty years as shorthand for a material that is perfect for some use but doesn't exist, like a wire with no mass that conducts electricity with no resistance.

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