• Block contrasts Austrian economists as philosophers compared to “normative“ economists which he characterizes as ethicists and empiricists.

• He highlights praxeology, the study of human interactions, as a central tenet of the Austrian school.

• He emphasizes

Thanks to Felix Salmon for quoting me in his take-down of this embarrassing NYT piece on Craig Pirrong and Scott Irwin, two well-known economists who study commodity-market speculation.

10. New polls indicate that 83% of Americans are in favor of legalized medical marijuana, 58% are in favor of legalized recreational marijuana.

9. Study shows that pot smokers are skinnier.

8. It was scientifically confirmed that chemicals in marijuana kill certain deadly cancer cells.

7. Low potency marijuana helps kids with debilitating epileptic seizures.

6. Hemp was legally grown in the US for the first time since 1957.

5. Arrests for marijuana have fallen over the couple of years from 900,000 per year to 750,000.

Here is a letter I received about the Regression theorem:

Mises Institute President Jeff Deist discusses the the Mises Institute and Austrian Economics on the Korelin Economics Report radio program. Click on Segments 7 and 8 to hear or download Jeff’s segment of the show. (Audio, approximately 20 minutes.)

Overstock.com’s CEO Patrick Byrne explains some reasons why Overstock now accepts Bitcoins:

Everyone loves (or loves to hate) these two articles about Ebenezer Scrooge’s many great economic services to humanity. Butler Shaffer writes in “The Case for Ebenezer“:

• Jeff Deist Joins the Mises Institute as its New President
• VIDEO: Obamacare and Interventionism with Peter Klein
• Mises: Like a Jiu-jitsu Master by Fernando Chiocca
• After the Taper: The Fed’s Non-Pla

This article from the Quarterly Journal of Austrian Economics is an appreciation of economist B.R. Shenoy by Sandeep Prakash.