Welcome to the August 21, 2006 edition of Economics and Social Policy.
Tom Blumer weights in with just what the inner EconoGeek ordered with Pretending to be Precise, When There Must Be Plenty of Imprecision posted at BizzyBlog, saying, "If the Bureaus of Labor Stats wants to be more precise in its inflation reporting, I can understand going to two decimal points, but three is ridiculous."
If there's one thing that computers, economists, and statisticians are good at, it's creating a false sense of precision.
Rennypolis presents Oil and Democracy: Like Oil and Water? posted at Rennypolis, saying, "Is there any relationship between an oil export industry and type of political regime? Does the oil economy of the Middle East guarantee a certain non-democratic political structure? I review some of the latest social science research to address these questions."
An interesting thesis & good post. I don't know if having a single, large, and extremely valuable natural resource actually has this effect, but it's very plausible.
Certainly, without petrodollars behind them, the jihadis would only have a tithe of their current strength.
Vihar Sheth presents Think Big, Really Big posted at VIHAR SHETH.NET. A call for a federally directed "Apollo" project to reduce America's dependance on petrol.
I suspect that this kind of massive federal redirection of the economy is a bit more than the government can successfully chew, and that Mr. Sheth allows the government and big oil more influence than they actually have.
Interestingly enough, Congress has shown no effective interest in increasing use of nuclear energy to reduce fossil fuel consupmtion in industry an home use, let alone allowing oil exporation or production along the continental shelf or in ANWR. Hint: and it's not becuase Big Oil doesn't want to play.
Steven Silvers presents Forecast calls for another winter of anticorporate discontent. posted at Scatterbox at stevensilvers.com.
Interesting observations on Wal*Mart, Dell, Katerina, etc. in an election year where the looney left is set to tear off it's whiskers.
That concludes this edition. Thanks to all who submitted articles. Posts for the next edition will be due 26 August, 2006. Submit your blog article to the next edition of Economics and Social Policy using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.