Quickies: Moving date, Point Bridge
* I've decided to push back the move to Area Voices to, I don't know, Oct. 1. I'm waiting for news on the RSS feed plus I'm busy with important stuff.
* East Grand Forks' Point Bridge may open Sept. 13.
* The Alerus Center Commission will present its budget to the City Council at 7 a.m. tomorrow in the center's Eagle Room.
* If you're ever tempted to hoard gas when the price is low, like it is now...
* Coffee Guy parodies Marilyn Hagerty. He says Paulo's in East Grand Forks is closed and suggests a reason why.
* What the war has cost Grand Forks. Don't know if I should believe them but it's interesting research.
Update 12:02 p.m., 8/29/06: Guess I was wrong. The last day to move to Forum Communications' system isn't Oct. 1 any more. It's Sept. 5. So the last day at Blogger.com will probably be Sept. 1. The good news is there's word that RSS feed is close to ready.
* North Dakota quarter's being launched 10 a.m. tomorrow at the Bismarck Civic Center. I can't wait to get the Nodak coin in my hands. I've got just about one of each state quarter so far released in my vault.
* East Grand Forks' Point Bridge may open Sept. 13.
* The Alerus Center Commission will present its budget to the City Council at 7 a.m. tomorrow in the center's Eagle Room.
* If you're ever tempted to hoard gas when the price is low, like it is now...
* Coffee Guy parodies Marilyn Hagerty. He says Paulo's in East Grand Forks is closed and suggests a reason why.
* What the war has cost Grand Forks. Don't know if I should believe them but it's interesting research.
Update 12:02 p.m., 8/29/06: Guess I was wrong. The last day to move to Forum Communications' system isn't Oct. 1 any more. It's Sept. 5. So the last day at Blogger.com will probably be Sept. 1. The good news is there's word that RSS feed is close to ready.
* North Dakota quarter's being launched 10 a.m. tomorrow at the Bismarck Civic Center. I can't wait to get the Nodak coin in my hands. I've got just about one of each state quarter so far released in my vault.
posted by Tu-Uyen at 11:43 PM
6 Comments:
I can't believe how much the gas prices have gone down around town. Last I checked today, prices were down to $2.59 at Simonsons and Holiday gas stations. Did we open up our oil reserves? I would have thought prices would have stayed around $3 with closing BP's oil line in Alaska.
Time to take advantage of this though.
One of the problems with "what has this cost you" type studies is that they assume only outflow, as if you took the money spent and dumped it down the sewer. I don't think for one second that whizzing away money (and people's lives) on Iraq is a the best place to be spending it, but ignoring the cycle of money makes it look worse than it is. Wars are generally good for the economy (and the more conspiracy inclined may well suggest that as one reason that we invaded Iraq in the first place,) as they remove resources from the economy, injecting income while not increasing inflation.
You're right about the economic stimulation, but the trade off is you get deeper into debt. That's just delaying the cost of inducing growth to future generations. There's no free lunch.
I'd agree that there might be some multiplier where you spend $1 billion and induce $1.5 billion's worth of growth. But if that's the case, it makes our ability to manage our debts even more abysmal.
The price of oil depends as much on speculator's perceptions as anything, absent distortions like Katrina's effect,etc. Its a commodity and is traded as such. the BP oil line is responsible for such a tiny amount of our oil that its real effect when shut down was nil.
they remove resources from the economy, injecting income while not increasing inflation.
Actually, I thought about this after the fact, and I think I'm wrong with the last third of it. If you remove resources and increase income, inflation is inevitable. My apologies :-)
As for a somewhat more sensible example, what would have happened to the GFAFB, had we not seen the impact that UAVs would have on the battlefield in Afghanistan and Iraq?
That's just delaying the cost of inducing growth to future generations.
Tell that to those who praise FDR and the New Deal :-)
Tell that to those who praise FDR and the New Deal
Good example, though more to your point, maybe it was WWII that did it and the fact that everybody else came out in ruins and we had our industries all ready to take over the world.
I wouldn't say that all Keynesian spending of this kind is bad, but, given the debts, you should only do it when you're in real dire straits.
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