Infrastructure Boondoggles: No Path to Recovery

“Obama’s false history of public investment”

A don’t miss is Larry Schweikart and Burton Folsom in today’s Wall Street Journal. These are two excellent economic historians whose works I frequently used during my teaching days, especially for the economic history of the U. S.

Highlights:

“Entrepreneurs built our roads, rails and canals far better than government did.”

The conclusion:

Top Hackers Value Anonymity--So They Pay Cash

DEF CON is the premier annual convention of the hardcore hacking community. It began yesterday and runs until August 4 and is being held at the Rio Hotel in Las Vegas. One of the popular events at DEF CON is a game that is similar to “capture the flag” in which contestants vie to mine information from the websites of large companies like AT&T, Fed Ex, and Target as well as profiles on LinkedIn.