Post demand-pull

And this is what happens when the demand curve snaps back. As soon as C4C ended, Ford and GM sales both dropped 37 percent. Credit-fueled demand never lasts once the money spigot is turned off.

Jun: Ford 153,210, GM 174,850
Jul: Ford 165,279, GM 188,156
Aug: Ford 182,149, GM 246,479
Sep: Ford 114,655, GM 155,679

According to Reuters, Ford had a 17.3 percent market share in June, prior to C4C, which suggests a September total of 660,000. GM had a 20.4 market share, indicating 760,000. Taken together, it comes to an estimate of 710,000 monthly sales and an 8.5 million annual rate.

Ron Paul on The Daily Show

Once again, an excellent performance by Dr. Paul. It was almost flawless, as the only thing he missed was to point out, in answer to one of Stewart’s questions, that corporations are government entities created by governments. I just received my copy of End the Fed from his publisher and will be reviewing it soon.

Not the best start

Gene Quinn, a defender of patent law and IP, lays down an impressive challenge:

I challenge anyone to a debate on this topic anywhere, at any time, to be moderated by a mutually agreed panel or moderator. I know as well as everyone here that I will never be taken up on that offer. I wonder why? If I am so stupid and irresponsible and ignorant then someone take me up and prove to the world I am as such. Of course there will be no takers because in a true debate none of the nay-sayers stand any chance and would be exposed for what they truly are. Nevertheless, the challenge is made. I am sure the silence will be deafening. Or wait, even better… the response will be “there is no point in debating you because you are .” We all know that is what they are going to say, and rational people will understand that to be nothing more than cowardice.

Really? In order to disabuse Mr. Quinn of his belief in the cowardice of IP opponents, I sent him an email inviting him to a debate on the matter in Europe next spring. It will be interesting to see if he genuinely meant what he wrote or if it was mere rhetorical bluster. Being the holder of some IP myself, I’m far from a militant on the issue and am quite willing to be convinced if Mr. Quinn can present a compelling case, but at present I am deeply, deeply skeptical of the economic benefit of intellectual property protections by government.

Stephen Kinsella of the Mises Institute also didn’t hesitate to dispel Mr. Quinn’s doubts about the willingness of IP skeptics to take him on. Kinsella is far more versed on the subject than I am, but since I have more actual experience creating IP than he does, I expect our approaches would vary greatly.

UPDATE – The gentleman is well up for the challenge. We’ve exchanged email and if we can manage to coordinate things next spring in the venue I have in mind, will debate the issue then. I’ll be sure to arrange that either a transcript or a video will be made available.

2nd Letter to Vox Day

Luke responds. Read the rest of his letter at Common Sense Atheism.


Thanks for your reply. I’ll break this letter into sections for easier reading. I wish we had fewer differences to write about!

1. Research and discussion
You asked me why so many atheists want to discuss religion with you before reading your book on the subject. But that’s not an atheistic tendency. It’s a human tendency. We are all short on time. But I know how you feel. Every week I am barraged with questions about ethics that are answered in my short and well-organized Ethics F.A.Q., which is linked from above the fold on every page of my site!

I have skim read your book, enough to know that you and I agree about much of what the New Atheists have written. But no, I did not read every word. I have not browsed your blog archives. And I wouldn’t expect you to read my book or blog archives, either. I think we can clarify our views for each other well enough as we go along.

This was written in reply to my previous letter.