Archive for the 'Dallas' Category

On Immigration…

I’m going to quote from Arnold Kling:

This difference between shame and guilt affects the way people treat strangers. In many clan societies, a household is expected to be a generous host to strangers, offering the household’s best food and sleeping quarters. Not to do so would bring shame upon the household and on the entire clan. However, in a commercial transaction with such a stranger, there is no sense of guilt from failing to live up to one’s bargain or from cheating the stranger.

In the West, the value system is reversed. We feel no obligation to show ultra-generous hospitality to strangers who come to our neighborhood. However, we would feel guilty about cheating a stranger in a commercial transaction.

Our complex economic system requires that strangers deal honestly with one another when they exchange goods and services. Such a system functions more naturally in a Society of Contract than in a Society of Status. In the former, commercial obligations are inherently binding, regardless of the identity of the party with which one deals. In the latter, there is little sense of obligation in dealing with members of a different kinship group.

The emphasis is mine. Please do go read the whole thing.

I light of the whole Jason Richwine flap, and posts like this one this one from Bryan Caplan. I find it somewhat amusing that Arnold put his essay on the Library of Economics and Liberty web site. Is this an intentional tweak of those bloggers?

So while I am generally on the side of complete liberty, I do not want people from Clan or Status Societies moving into my neighborhood. I have but one life and it won’t last the generations it will take these newcomers to adjust to being a member of a Contract Society. I will also say that I don’t really expect my government of doing a fair job of deciding whether or not any particular immigrant belongs to one type of society or the other. Government is, though, the only tool at my disposal. I do not have enough money to create one of Caplan’s bubbles to wall myself off from undesirable Status Society lowlifes. If you don’t believe these people exist, just tour part of the world outside the U.S. (probably should go outside Northern Europe, too).

Also, I do not intend to disparage any particular individual, I just know which way I’ll bet when it come to having immigrant neighbors from one particular country or another.

Hockey at the American Airlines Center

That’s me, wearing #2:

Hockey at AAC

Impressed, aren’t cha…

The Dallas Stars do this thing on game day where they have a bunch of guys play a game in the afternoon. They then feed us and booze us for a while and then we watch the Stars play. It’s a really good time. The food, however, has taken a big decline from previous seasons. No body that played that afternoon was thrilled with the meal.

Starting a Bike Shop

Starting a Bike Shop.

Very nice post on the economics of starting a retail business. It gives good information on start up costs, margins and operations. The one thing lacking that I would like to know about: owner compensation. The owners claim success, but we have no way to evaluate their statement.

Also, reading about the success of one small business makes it seem so easy. It is not.

What percentage of these little partnerships actually make it to store opening from that initial conversation? How many of these little partnerships make it through the first year? How many of these little partnerships make it through to paying off the bank debt?

All questions I’d like answers to.

I need to go study the relationship between the size of the initial capital investment and success in these types of business. I think capital helps. Obviously. But I also think the execution of operations is more important. A large capital base and crappy execution just delays the onset of failure.

I think about these issues often as I reflect on the woulda, coulda, shoulda of my kitchen design studio I was forced to close in 2008.

The 1970′s Pin-Up Wars: Farrah Fawcett Vs. Cheryl Tiegs

The Selvedge Yard.

I was a Cheryl Tiegs guy. I had this SI cover on my bedroom wall.

tiegsthefamousoneMy mom hated this picture.

There is a good story to tell about Ms. Tiegs and the Starck Club in Dallas. My friends and I had a good time that night. I don’t think she found us funny.

 

This is not the post on retail that I promised

A week or two ago in a comment at Rhymes with Cars and Girls I said I would write a post on the sorry state of Retail. This is not that post.

David Henderson, over at Econlog, in a post of correspondence with a high school student on the economics of Walmart, got this comment from Doug:

Prediction: In 20 years when Wal-Mart has been reduced to a faded giant by e-commerce, the left will be viciously attacking Amazon.

They’ll assert that the low prices, wide selection and convenient delivery are paid for by the high cost of the job destruction caused by near total automation (by 2030 I expect that the warehouses and delivery trucks will be completely roboticized).

Liberals will be pining for the good ol’ days when corporate success was shared with the people through the creation of jobs in the community. They’ll lionize Sam Walton’s folksy nature and connection with the blue collar class. Bezos’ cold demeanor will villanized along with his evil job-destroying robots.

While I hope Doug is wrong on the business aspects of his prediction, I have no doubt that he’s correct on the political outcome of his prediction.

As I said in my note to Sonic…Mr. Charmer…Sonic Charmer…The Reach…er… Crimson’s post, I don’t understand the liberal hatred for Walmart. They employ more poor people per revenue dollar than, I daresay, anyone. I guess Dollar General will give them a run for the money in this metric, but who cares? They are doing good work for the rest of us. Can you imagine the day when Amazon puts all of these Walmart clerks out on the street? I don’t want to live in that country.

The liberal that prefers Costco to Walmart and Sam’s is paving the way for Bezo’s possible/planned decimation of the retail landscape.

The big cigars that own all the storefronts within a one hour radius of Amazon’s new daily delivery warehouse (meaning all of Dallas/Fort Worth) need to be paying attention. This low interest rate environment should be reflected in rents. I see very little evidence this has been happening. Every corner will be reduced to CVS and/or Walgreen’s, along with nail salons and donut shops that are nothing more than green card mills. There will be no real retail left.

God Save the Eight-Track

Collectors Weekly.

Bucks-and-zappa

The Deuce and I were talking about 8 tracks just last week. Well, we weren’t really talking about them, I was telling him about the technology. And here we have a frigging 8 track museum right here in Dallas. I’m going to have to take him to see the stuff.

Here’s the museum’s web site: The Eight Track Museum

Minimum Grade

Don Boudreaux in a satirical knockdown of the proposed increase in the minimum wage has this witty little bit:

“It’s impossible for students with ‘D’s and ‘F’s on their transcripts to succeed as they deserve in life,” remarked Sen. Bernie Franken, an Independent from Elitia.

It took me too long to realize with Boudreaux had done here. I got the grade parody right away, but I almost googled Elitia. (I probably shouldn’t admit being stupid on the internet.)

I have a 15 year old son. Both he and I would like him to get a part time job this coming summer. I don’t think it will be easy if employers are forced to pay him $9.00 per hour. He’s not worth that much. Yet. I think he’ll be worth a lot on an hourly basis someday, just not right now. Because he’s not worth $9.00 per hour to an employer today, it will be more difficult than it needs to be for him to learn how to work for someone.

I don’t believe that most democrats actually think raising the minimum wage is a good idea. I just can’t figure out if there is any motivation for the move beyond the symbolism of the act. Those democrats that believe raising the minimum wage is a good thing, well there’s no help for them.

Teens without drivers licenses increasing

Steve Sailer: Teens without drivers licenses increasing.

There’s a very interesting graph on 16 year old kids with driver’s licenses at the post. Check it out.

I’ve told my son (16 in April) that he gets a ride exactly no where when he turns 16. I’m not chauffeuring his ass around town any longer than I have to.

The Grumpy Economist: Fiscal cronyism

The Grumpy Economist: Fiscal cronyism.

Read the whole thing. Well, maybe not, if you’re planning on having a good weekend.

Parable of the Neighborhood Watch

Parable of the Neighborhood Watch « Rhymes With Cars & Girls.

Sonic Charmer tells a good story of neighborhood watches for the open borders crowd. It dovetails nicely with my story about The Longest Bridge in the World.

My story of the bridge was mostly about the Baptists and Bootleggers problem in public choice and how these public choice shenanigans screw over most of the people. By my story also works in the context of immigration. If I have problems with the people just the other side of the creek, why in the world should I want to move people from across the globe here? I see no upside.