Drugs: The Good, the Bad, and the Ugly

[An MP3 audio file of this article, narrated by the author, is available for download.]

 

The senseless Batman killings in Aurora, Colorado, as well as those that occurred years earlier in Columbine a few miles away, have something in common with the number one cause of overdose deaths in the United States and an important potential cause of teen suicide: prescription drugs approved as safe and effective by the Food and Drug Administration (FDA).

George Selgin to Paul Krugman: “I Am a Former Austrian and I Do Believe in Fractional Reserve Banking -- Honest”

Well, not exactly his words, but this was the gist of George’s bizarre and irrelevant comment on Krugman’s column asking Austrians what their position is on money market mutual funds. In his haste to establish his mainstream bona fides to Krugman, however, George was blind to the fact that Krugman has been forced to recognize and address Austrian argument

The Resentment of the Intellectuals

“It is different with people whom special conditions of their occupation or their family affiliation bring into personal contact with the winners of the prizes which—as they believe—by rights should have been given to themselves. With them the feelings of frustrated ambition become especially poignant because they engender hatred of concrete living beings. They loathe capitalism because it has assigned to this other man the position they themselves would like to have. Such is the case with those people who are commonly called the intellectuals. Take for instance the physicians.