Vrije Universiteit, Amsterdam, The Netherlands http://git.minix3.org/index.cg...

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You know who pays the taxes? The people who voted for the school board! Sounds like a good incentive to get people to pay attention to who they vote for.

What's the solution? Make insurance polices illegal for civil settlements? What would be the consequences of that?

Yes, I had a similar thought about that headline. During an NPR interview, the researcher essentially said this wasn't "the solution" to the mystery, just another step on the road to solving the mystery.

There is some validity in that. People do sometimes get upset when prices rise, if they think the company is also wasting money. And they may prefer to do business with companies they see as either more frugal or charitable. But usually, people don't care much about what a company does with the customer's money, so long as they received what they paid for. When I wrote that a business is wasting their own money, my intention was that shareholders are part of that business. If there is a waste, that is an internal issue within that business, between the shareholders and their management. In the case of government, people see themselves as essentially the shareholders. The elected officials are like our hired management. So if government officials are wasting money, people see it as "wasting MY money".

People believe there is more government waste than private waste because, in theory, there is a profit incentive for a business to be less wasteful. That incentive is missing from government. Although there may be an equivalent motive: more votes by lowering taxes or improving services. Even if you could show that there is more private waste than government waste, people will still be more upset about government waste. In theory, if a business wastes money, they're only wasting their own money. If a governmnet wastes money, they are wasting the taxpayers' money (i.e., "they are wasting MY money").

Right. The current price of anything is the lowest amount of money a seller is willing to accept in exchange for something. In stock terms, the seller's asking price is the current price.

How about buying a 3rd party radio, or 3rd party tires, or taking it to an independent repair shop? I expect to be able to do all of that, without voiding the warranty. In fact, I believe I am guaranteed that right under the Magnuson Moss Act. Limiting apps seems like the kind of "tie in sale" that the Act prohibits. http://www.ftc.gov/bcp/edu/pubs/business/adv/bus01.shtm#Magnuson-Moss