Robert Higgs has another must read in his “Etceteras … Real Gross Domestic Private Product, 2000-2012” in the most recent Independent Review.
He provides good arguments on why government product should be (and perhaps almost was) excluded from income and product accounts. He then builds a measure of Real Gross Domestic Private Product for the Bush-Obama years.
EUCLIDEAN GEOMETER: Given the standard axioms of Euclidean geometry, I have proved that the interior angles of a triangle always sum to 180 degrees.
AUSTRIAN ECONOMIST: Okay.
Here is a directory of Misesian organizations. I count almost 30 Mises Institutes and over 30 Misesian-leaning organizations in all. Not all appear to be fully functional at this time, but it is a refreshing to see that we are winning the battle of idea around the world
The Wall Street Journal ran a very optimistic article on the rising prices for Skyscrapers and new construction in New York. This is my letter to the editor in response.
Dear Editor, Wall Street Journal:
So what does “Skyscraper Prices Head North” C1, 6/10 tell us? Have perhaps Dr. Bernanke’s “green shoots” from 2008-9 finally taken root? Likewise, is the near completion of the record-setting (US) Freedom Tower an indicator of looming economic stability and growth?
Barbara Oakley, an engineering professor at Oakland University in Rochester, Michigan, has just published in the Proceedings of the National Academy of Science, a brilliant article on “pathological altruism.” People often act out of a desire to help others, but this by no means ensures that what they do will have good consequences, whether for the intended beneficiaries or for others.
Not exactly correct on all point, but worth a read.
In fact, there is one anarchist who could be considered influential in Washington, but he wasn’t among the activists who participated in the Occupy movement—he died nearly twenty years ago. His name is Murray Rothbard, and, among small-government Republicans, he is something of a cult hero. He was Ron Paul’s intellectual mentor, which makes him the godfather of the godfather of the Tea Party.
