Today is our one-year blogaversary. Max and I began posting on June 5th, 2002. In honor of the event we are moving to off blogspot and onto our own website.

Please adjust your bookmarks to point to http://www.commonsensewonder.com.

Things may be unstable for a few days while we work out final details, perhaps do some color and font changes.

Our great thanks to Kathy Kinsley of On the Third Hand for her invaluable aid in moving us from blogspot to MT.

Carnival of the Vanities is up at Drumwaster's Rants.

Dallas Fed President, Robert McTeer, sings the praises of the dismal science and it's practitioners and suggests better economic education of the public would be a good thing.

My take on training in economics is that it becomes increasingly valuable as you move up the career ladder. I can't think of a better major for corporate CEOs, congressmen or American presidents. You've learned a systematic, disciplined way of thinking that will serve you well. By contrast, the economically challenged must be perplexed about how it is that economies work better the fewer people they have in charge. Who does the planning? Who makes decisions? Who decides what to produce?
...
Economics training will help you understand fallacies and unintended consequences. In fact, I'm inclined to define economics as the study of how to anticipate unintended consequences. Most fallacies in economics probably are fallacies of composition: What's true of the individual may not be true of the whole. You may be able to see better if you stand up -- but not if everyone stands up. John Maynard Keynes' paradox of thrift provides a currently relevant example: Individually, most consumers need to save more. But, if all or many consumers start trying to save more, the economy will be in deep trouble.

However, little in the literature seems more relevant to contemporary economic debates than what usually is called the broken window fallacy. Whenever a government program is justified not on its merits but by the jobs it will create, remember the broken window: Some teenagers, being the little beasts that they are, toss a brick through a bakery window. A crowd gathers and laments, "What a shame." But before you know it, someone suggests a silver lining to the situation: Now the baker will have to spend money to have the window repaired. This will add to the income of the repairman, who will spend his additional income, which will add to another seller's income, and so on. You know the drill. The chain of spending will multiply and generate higher income and employment. If the broken window is large enough, it might produce an economic boom! (Other catalysts to such booms might be a hurricane, a tornado or just about any government spending boondoggle.)

I couldn't agree more. For those not familiar with the work of the Dallas Fed under Mr. McTeer, you should have a look at their fabulous Annual Reports by W. Michael Cox and Richard Alm. They are, along with Berkshire Hathaways Annual Reports by Warren Buffet and Charlie Munger, required reading.

Duane D. Freese has some fun at the expense of the anti-obesity zealots and the trial lawyers who support them.

So, what are we to do about this deadly scourge? Well, I always believe in going back to the roots. First, define the problem. And while I congratulate WHO and the CDC for developing proper bureaucratic verbiage, what I need to know is what kind of disease obesity is and how is it being spread.

Is obesity an acute disease with a quick onset that runs a short course, like a heart attack? Or is it a chronic disease with a slow onset that sometimes runs a year long, like rheumatic fever?

I don't see a lot of my friends coming down with obesity overnight. So my guess is that it's a chronic disease with a slow onset. That could pose problems.
So we must find out what are the causative agents to develop a course of prevention. If it is an infectious, or communicable, disease that can be passed from person to person, like a severe case of mumps, the suggested course, as in the SARS epidemic, would be to isolate the carriers. Only, if infectious only in the early stages of the disease as in some types of flu, the slow onset will make it hard to spot those carriers, especially if they are infectious only in early days. Further, it is perfectly possible for a causative agent to survive in an organism without affecting that organism. And asymptomatic carriers could pass along the disease to others that are susceptible to impairments caused by it. So, simply rounding up obese people wouldn't isolate the disease.
...
So, obesity may have something to do with food as a source of caloric intake. What, though, is the mechanism by which the people and their pets are taking these calories in? Are they breathing them in with the air? Do they gain pounds every time they pass a Krispy Kreme bakery or fast food restaurant?

Some people seem to think so. And on June 21-23 at Northeastern University, the Public Health Advocacy Institute is going to bring these people together to explore an altogether radical way to attack the problem of obesity. They will explore "Legal Approaches to the Obesity Epidemic."

In other words, they are planning to sic the most fearsome macrobiological weapon known to human kind upon this health scourge - trial lawyers.

Rev. Ken Joseph says that most Iraqis welcome the US presence and want US forces to stay.

BAGHDAD, Iraq, June 2 (UPI) -- It is dusk in Baghdad and I am talking to the regular group of men who gather near the house I am staying in to talk about the day's events.

"What do you think about the Americans? How long do you think they should stay? Are they doing a good job?" I ask.

The answer is very complicated while at the same time very, very simple. It is the "politically correct" thing to do to complain about the Americans, say they are not wanted and tell them to "go home."

The reality, though, is very different.

As usually happens throughout Iraq, people look around before they tell their true feelings. Simply put they are still afraid to speak the truth. Before it was Saddam, now it is the Shiites and others who frighten them.

"The Americans are doing wonderfully. We want them to stay forever," I hear.

I am not surprised. It is exactly like I thought. When I was in Iraq before the war, the reported feelings were that while the people of Iraq did not like Saddam, they would fight for their country and were against the war.

As I said then, the people wanted the war to come so they could be liberated from Saddam but were not free to talk. The same situation with a different twist exists today.
It is not widely reported, nor fashionable to say the Americans are loved and wanted in Iraq, but in fact as they were wanted before the war, they are wanted now.

"We hope they stay forever" is the true feeling of the silent majority in Iraq, contrary to what is reported.

The logic is very simple -- the Iraqis do not trust their leaders. Faced with a very complicated situation of a 60 percent Shiite majority, a former police state, Iran at their doorstep trying with all its might to destabilize their country, and desperately relieved and happy to be finally liberated from nearly 30 years of Saddam, they want the United States to stay.

The Chronicle of Higher Education has a short guide to scholars who blog, many of whom you can find on our blogroll.

Dennis Prager has a good piece on how lawyers have turned our legal system into a nightmare. I must admit I am rather torn by this issue, on the one hand I completely support the right of people to sue for damages and am loathe to impose any restrictions on those rights. On the other hand, the sheer stupidity of many lawsuits and the costs to society, both direct and hidden, makes me think we have to have some kind of sanity check on lawsuits. I don't have any suggestions, including 'loser-pays' which is usually touted as a solution. This would only discourage people with legitimate complaints from suing for fear of facing ruin if they lost (just as being wrong and idiotic is no guarantee of losing a lawsuit, being right doesn't guarantee a win either).

Now this is something we can never have enough of. Apparently there is a 'new' kind of orgasm, dubbed the 'trigasm' by sexologist Dr. Ava Cadell.

She admits many couples who have tried to reach a "trigasm" found it nearly impossible, "unless they were contortionists."

But now, Dr. Cadell hopes to influence people to give her new kind of orgasm a whirl with a special sex toy designed for it called the "Trigasm vibrator."

My life now has a goal.

Mark Steyn reports from Iraq.

I've spent the past couple of weeks on a motoring tour of western and northern Iraq, and I can't recommend it highly enough. The roads are empty except for the occasional burnt-out tank and abandoned Saddamite limo. You can make excellent time, because it will be several months before a deBa'athified Iraqi highway patrol squad is up and running and even longer before they replace the looted radar detectors. On the boring stretches of desert motorway you can liven things up by playing D-I-Y contraflow. And best of all, if you avoid Baghdad and a couple of other major cities, you'll find the charming countryside completely unspoilt by Western reporters insisting that America is "losing the peace".

For most of the Iraq war and its immediate aftermath, it was easy for any relatively rational person to dismiss the media doom-mongering. Hundreds of thousands of dead civilians? Never gonna happen. Hand-to-hand street-fighting as Baghdad morphs into Stalingrad? Dream on. Even that Iraqi National Museum "disaster" was an obvious hoax, though I was sad to see my friends at The Spectator fall for it and add their own peculiar twist that it was all a conspiracy of a sinister US antiquities lobby.

Cool. Spiderman gloves.

Researchers at the University of Manchester say they have cracked the secret of one of the reptile world's greatest climbers, the gecko, and produced a sticky tape that can mimic the lizard's gravity-defying abilities.

Soon, people could walk on walls like comic-book superhero Spider-Man, the university said.

The WSJ reprints two superb Peter Drucker columns from 1976. With the incredible changes in the world over the last quarter century, it's amazing how some things seemingly never change.

Businessmen habitually complain about the economic illiteracy of the public, and with good reason. The greatest threat to the "free enterprise system" in this country is not the hostility to business of a small, strident group, but the pervasive ignorance throughout our society in respect to both the structure of the system and its functioning.
But the same businessmen who so loudly complain about economic illiteracy are themselves the worst offenders. They don't seem to know the first thing about profit and profitability. And what they say to each other as well as to the public inhibits both business action and public understanding.

For the essential fact about profit is that there is no such thing. There are only costs.

What is called "profit" and reported as such in company accounts is genuine and largely quantifiable cost in three respects: as a genuine cost of a major resource, namely capital; as a necessary insurance premium for the real--and again largely quantifiable--risks and uncertainties of all economic activity; and as cost of the jobs and pensions of tomorrow. The only exception, the only true "surplus," is a genuine monopoly profit such as that now being achieved by the OPEC cartel in petroleum.

You are 59% geek

You are a geek. Good for you! Considering the endless complexity of the universe, as well as whatever discipline you happen to be most interested in, you'll never be bored as long as you have a good book store, a net connection, and thousands of dollars worth of expensive equipment. Assuming you're a technical geek, you'll be able to afford it, too. If you're not a technical geek, you're geek enough to mate with a technical geek and thereby get the needed dough. Dating tip: Don't date a geek of the same persuasion as you. You'll constantly try to out-geek the other.

Take the Polygeek Quiz at Thudfactor.com

I think I've been losing Geekness as I age. I bet in H.S. I would've been up in the 90+% range.