Holders Air
Posted in Uncategorized on 10/10/2007 06:08 am by admin
Holders Air
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 Vintage Ceramic Dog Air Freshener Toothbrush Holder Brown Cream w Long Ears  US $1.75
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 Car Air Vent Mount Holder for GARMIN 205W 255W 265WT 465T 205 255 265T 275T B US $.99
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The economic concept of opportunity cost is, in the opinion of this author, one of the most versatile principles in the whole universe of thought. The concept is applicable to every action taken by a rational being living in our time continuum. The concept can be applied to policies and their consequences, and the costs can be assessed for both the intended and unintended participants.
The classic example of the relevance of opportunity cost is the well known broken-window fallacy. The scene is set by advancing the interventionist argument in favor of the broken window, viz. "the broken window is a fortuitous event. It provides work for the repairer of windows, as well as for the cleaner of the shop where the window was broken!" This, by the way, is also the argument advanced to "look on the bright side" of events like Hurricane Katrina in New Orleans. Sometimes also called "creative destruction."
The counter argument commences immediately by use of the concept of opportunity cost to the shopkeeper, who must pay for the repair of the window. What if the window had not been broken? The shopkeeper could have instead spent his window-repair money on a new suit, which would provide income to the manufacturer of suits. So the cost extends beyond those initially involved in the broken window, and beyond the analysis of dilettante economists.
The concept of opportunity cost seems to elude many in congress these days. The current president applies a king Canute approach to economic stimulus, in which he declares loudly and often, with mellifluous flowery rhetoric, that "The economy will grow!" just as the ancient king tried to command the tides. This approach ignores the limitations of the president, or the king, and attempts to attribute an omnipotence to government which belies both the principles of our republic and economic law.
The opportunity cost of the current interventionist, big-spending policies is not only the reallocation of potentially productive resources from taxpayers (who actually produce profits from their efforts) to government (which produces nothing, and cannot calculate a profit even if it made one), but also now the reallocation of resources from the future (future taxpayers, i.e. "our children and grandchildren" of politics-speak) to the present unproductive spending of government.
The third, hidden cost to all present holders of our U.S. dollars is the cost of the continuing and massive increases in the money supply created by the Federal Reserve. For every dollar created out of thin air by the Fed, all current holders of dollars are bereft of a fraction of the value of the dollars they hold. The Fed continues, by means of low target interest rates and a monopoly on money creation, to slice the pie in this zero-sum game into ever smaller pieces. This acts as a stealth tax on the poor, since they are most apt to suffer from the rising prices engendered by too many new dollars chasing too few real goods. This act of debasing the currency has been decried by watchdogs of governments since before the time of Christ, and has led to the removal of more than one unscrupulous ruler by his disgruntled subjects.
So what is the opportunity cost of spendthrift interventionism and inflation? It is difficult to truly account for all the costs. Capital reallocation from productive (private sector) to unproductive (public sector) investments is the chief cost, and it is this reallocation and the reduction of the profit motive which saps the entrepreneurial energy of the economy.
War, while often deemed morally or politically necessary, is the ultimate economically unproductive activity. It is a lose-lose interaction hurting everyone involved. Even knowing this, however, war has often been deceitfully used to camouflage the bankruptcy of government, and air of crisis surrounding war used to silence those who would point out the cost. This seems to be the most likely course to be taken now, considering that raising taxes, raising interest rates, and reducing spending are all politically unpalatable.
The opportunity costs of war are disproportionately absorbed by those who have a sense of duty to serve, but let the lack of principle behind this next war not be concealed by some expedient political explanation.
Charlie Collins is a credentialed engineer who has studied microeconomics since the age of 10. He blogs at http://economicconcepts.org
Charlie Collins and the Austrian School of economics offer a rigorous and logical approach to economics that gives free markets their due and takes full account of choice. Economic actors are unique, freely choosing individuals, not undifferentiated data to be manipulated politically.
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Lee S Aquarium Pet Products Airline Holders 6 Pack 10560 $18.07 Lee Airline Holders for Air Pumps are used to secure airline tubing to the aquarium wall. Contains 6 airline holders and 6 suction cups. |
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LADO Tealight Holders - Set of 2 by Blomus® $27.17 This graceful LADO Tealight Holder Set by Blomus® combines style and function to create an exquisite display of light. The 2 separate holders can be displayed as a set or on their own. Makes a contemporary statement in the bathroom, dining room, living room or bedroom. Crafted from German-engineered stainless steel and frosted glass, the tealight holders allow for a subtle amount of light to fill the air, creating the perfect ambience for any setting. Simply insert a tealight candle (included) and light. Your setting will be immediately illuminated with the graceful flickers of candlelight. Sold in a set of 2 candle holders of varying heights. Includes 2 tealights.Features: • Crafted from German-engineered stainless steel and frosted glass • Can be grouped together in a cluster, or displayed on their own • Sold in a set of 2 candle holders • Includes 2 tealightsSize: 3 1/2"tall x 6"wide |
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Lucky Elephant Place Card Holders - Gold or Silver $2.5 A gift your guests will never forget! These charming chrome elephant placecard holders snugly hold your guests’ namecards at each setting, while their darling trunks lift in the air in salute to your big day. After the wedding, guests can take them home for photo stands or paperweights. Each sold separately. |
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TISEO Tealight Holders - Set of 2 by Blomus® $47.42 This charming TISEO Tealight Holder Set by Blomus® combines style and function to create an exquisite display of light. The 2 separate holders are elegantly curved and can be displayed as a set or on their own. Makes a contemporary statement in the bathroom, dining room, living room or bedroom. Crafted from German-engineered stainless steel and frosted glass, the tealight holders allow for a subtle amount of light to fill the air, creating the perfect ambience for any setting. Simply insert a tealight candle (included) and light. Your setting will be immediately illuminated with the graceful flickers of candlelight. Sold in a set of 2 bases, each with 3 frosted glass candle holders. Includes 6 tealights.Features: • Crafted from German-engineered stainless steel and frosted glass • Can be grouped together in a cluster, or displayed on their own • Includes 2 bases, each with 3 frosted glass candle holders • Includes 6 tealightsSize: 3"tall x 11 3/5"wide |
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FARO Tealight Holders - Set of 3 by Blomus® $33.2 Bring European design right to your own home. This charming FARO Tealight Holder Set by Blomus® combines style and function to create an exquisite display of light. The 3 tealights can be grouped together in a cluster, or displayed on their own. Makes a contemporary statement in the bathroom, dining room, living room or bedroom. Crafted from German-engineered stainless steel and frosted glass, the tealight holders allow for a subtle amount of light to fill the air, creating the perfect ambience for any setting. Simply insert a tealight candle (included) and light. Your setting will be immediately illuminated with the graceful flickers of candlelight. Sold in a set of 3 candle holders of varying heights. Includes 3 tealights.Features: • Crafted from German-engineered stainless steel and frosted glass • Can be grouped together in a cluster, or displayed on their own • Sold in a set of 3 candle holders • Includes 3 tealightsSizes:Large: 9"tallMedium: 8"tallSmall: 7 1/2"tall |
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Snake Holders $24.99 Snake Holders - Photographic Print |
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85756 Suspension Holders $8.46 Suspension Holders |
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Heat Holders Women's Original Thermal Socks $36.75 Colors: Black, charcoal, deep fuchsia, indigo, light pink, pink, purple, raspberryFits women's US shoe sizes 5-9An extremely high Thermal Overall Grade (TOG) of 2.34 This thermal sock is 7-times warmer than a basic cotton sockHeat Holders are made from a specially developed heavy bulk yarn which has extreme thermal qualities With long pile cushioning, these thermal socks will help keep feet fully comfortable and supported The inside of each sock has been intensively brushed that not only feels sensationally soft but also traps warm air close to the skin keeping your feet warmer for longerSpecially developed advanced fibers provide high performance insulation against cold with superior moisture wicking abilitiesInnovative long looped thermal pile knitting technology products a unique, extra-long looped cushion pile to hold in more warm air, increasing the thermal TOG ratingUsing an intense brushing process produces a soft brushed inner fabric that maximizes the amount of warm air held inside the socks for all-day warmth and comfortSizing: US (59), EUR (37-42), UK (48) Care instructions: Machine washable, permanent press on the warm setting (40-degrees Celsius, 105-degrees Fahrenheit) with a mild detergent, hang dryMaterials: 91-percent acrylic/5-percent nylon/3-percent polyester/1-percent elastaneModel: DBUSLHH24G1 |
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Heat Holders Men's Original Thermal Socks $36.88 Colors: Black, navy, charcoal, earth brown, forest green, denim, stonewash, redFits men's US shoe sizes 7-12An extremely high Thermal Overall Grade (TOG) of 2.34 This thermal sock is 7-times warmer than a basic cotton sockHeat Holders are made from a specially developed heavy bulk yarn which has extreme thermal qualities With long pile cushioning, these thermal socks will help keep feet fully comfortable and supported The inside of each sock has been intensively brushed that not only feels sensationally soft but also traps warm air close to the skin keeping your feet warmer for longerSpecially developed advanced fibers provide high performance insulation against cold with superior moisture wicking abilitiesInnovative long looped thermal pile knitting technology products a unique, extra-long looped cushion pile to hold in more warm air, increasing the thermal TOG ratingUsing an intense brushing process produces a soft brushed inner fabric that maximizes the amount of warm air held inside the socks for all-day warmth and comfortSizing: US (712), EUR (39-45), UK (611)Care instructions: Machine washable, permanent press on the warm setting (40-degrees Celsius, 105-degrees Fahrenheit) with a mild detergent, hang dryMaterials: 91-percent acrylic/5-percent nylon/3-percent polyester/1-percent elastaneModel: DBUSMHH04H1 |