Rainbow and Pipeline, Dietrich River Valley, Brooks Range

TANSTAFL Revisited


Back at the end of September, 2013, WC introduced his readers to the idea of TANSTAFL, an acronym for “There Ain’t No Such Thing As a Free Lunch.” TANSTAFL, as economists interpret it, means that everything we receive comes at a cost. Some of the costs are obvious; some are hidden. The State of Alaska…

Senator Pete Kelly: Economic Ignoramus or Political Coward?

What Will $430,000 Get You?


WC had a meeting at the End of the Road™ and used it as an excuse to take a break from blogging. But it’s okay, the Alaska Legislature accomplished exactly nothing to address Alaska’s self-created fiscal crisis while WC was away. Actually, that’s not quite true. The Legislature – and specifically the majority caucus in…