"He's a snake in the grass, I tell ya guys; he may look dumb but that's just a disguise; he's a mastermind in the ways of espionage." Charlie Daniels, "Uneasy Rider" Block - TT`s Lost in Tokyo

Question at Bob Murphy`s: can ending a tragedy of the commons create jobs / enhance wealth? by TokyoTom

Check out the comments to Bob Murphy`s post that rightly but shallowly criticizes the "green jobs" mantra, EDF Summarizes Bastiat in One Picture . I refer to Rockwell and Block.

Rot at the core: When will Tom Woods and other "Free Market intellectuals" have second thoughts about the state grant of limited liability to shareholders? by TokyoTom

Tom Woods , in his recent "Another "Free Market" Intellectual Has Second Thoughts" post at the Mises Economics Blog, notes with great disappointment that Richard Posner is about to publish a book that will apparently abandon the free...

Note to William Anderson: Limited liability is a key to understanding the Great American Ponzi scheme by TokyoTom

William Anderson (an adjunct scholar of the Mises Institute and economics prof. at Frostburg State University) has a thoughtful New Year's Day post , pointing out how Paul Krugman fails to understand the causes of ouir economic stagnation and financial...

Limited liability produces both pollution and political meddling: Block on Environmentalism by TokyoTom

In my recent post on limited laibility , I argued that one of the perverse consequences of limiting shareholder responsibility for corporate torts was to create the moral hazard by which investors could capture the upside of risky activities that imposed...

[Revised] Corporations, the state, limited liaibility and rent-seeking: Some criticisms of Huebert and Block's criticisms of Long by TokyoTom

[Update: Items 2 & 3 revised and an item 4 added.] J.H. Huebert and Walter Block have posted a critique of Roderick Long 's recent Cato essay . Allow me to make a few comments: 1. Huebert and Long argue that "There Is No Such Thing as Corporate...

UK jury approves damage to power plant in defense of a commons/ other private property; libertarians and conservatives freak out by TokyoTom

See this surprising decision in the UK , letting climate-change protesters/trespassers off the hook for damages resulting from spray-painting a coal plant smokestack, on the grounds that a UK law "allows damage to be caused to property to prevent...

Antarctic cooling? Or WHY "The Antarctic Ain't Cooperating" [Updated] by TokyoTom

[Significant update at bottom] I've decided to put up this little post in connection with Walter Block's recent post, http://blog.mises.org/archives/007828.asp , in order to avoid having my comment stuck in a spam filter (I've found that comments...

Thank you, Prof. Block, for feeding our confirmation biases by TokyoTom

Walter Block of Loyola University has graced the main LvMI blog with a rare post, this time a clipping - without commentary - from a piece entitled " Forget global warming: Welcome to the new Ice Age ", by Canadian conservative commentator Lorne...

Edwin Dolan: applying the Lockean framework to climate change by TokyoTom

I would like to bring readers' attention to Edwin G. Dolan's "Science, Public Policy and Global Warming: Rethinking the Market Liberal Position" , from the Fall 2006 issue of The Cato Journal: www.cato.org/pubs/journal/cj26n3/cj26n3...