Krugman Still is a Broken Clock

For all of you who wondered why I had not written my usual Monday missive against Paul Krugman’s latest column, it was because the Krugperson seemed to be making sense. In his Monday, March 23, column, Krugman was critical of the government’s newest bank bailout plan, the “cash for trash” program in which the government co-signs for private investors who buy toxic assets with the understanding that if they go down in value, the government will pay for them.

Early Litmus Tests

About the only time the general public focuses on the judiciary is when new Supreme Court justices are chosen. So President Obama’s soon-to-be-announced replacement for Justice David Souter has drawn a great deal of attention. But there has been surprisingly little discussion of our founders’ intent for America and the implications for interpreting the Constitution that Justices pledge to defend.

The Generosity of Murray Rothbard

It is a magnificent thing that Murray Rothbard’s most overlooked masterpiece, his Austrian Perspective on the History of Economic Thought, has been made available free online in two volumes, with complete navigation tools. It is the culmination of a process that began in the 1980s with the original research and writing, and many lectures, presented at the offices of the Mises Institute.

Or you can just make up stuff, no matter how ridiculous

Thus does Thom Hartmann at the Huffington Post say that “The intellectual forefathers and mothers of the insane conservative economic policies that have brought us to where we are include Ludwig Von Mises, Freidrich Von Hayeck (sic.)...”

Never mind that Mises and Hayek were the 20th century’s premier opponents of loose money and central banking and subsidized credit.