Dress Like the Great Depression

We will be highly fortunate if the second Great Depression turns out to be as stylish as the first, in which even the bums sleeping in the park benches looked better than the average workers and even CEOs today. The idea behind shabby vogue was to give the impression that you don’t really care what others think. Now all of this has come into question.

The Three Little Pigs and the Federal Reserve Crisis

In their later years, they bought a yacht and sailed the seven seas. The three little pigs each had a bag of gold coins to spend at the various ports of call. The good life. No wolves, no Federal Reserve, no worries. Or so they thought

One dark and stormy night, they were shipwrecked on a deserted tropical island. They spluttered ashore each with their coin purses clutched greedily

“Change” Under Obama: From Dumb to Dumber and From Bad to Worse

Collective bargaining, with its imposition of higher costs and prices and lower product quality, is at the root of the destruction of the American automobile industry and many other American industries. President Obama not only chooses not to know this, but selects union leaders as his companions, including the leader of the United Automobile Workers Union.

Agreeing with Rush

Yes, it’s true. I agree with Rush Limbaugh: I do not want Obama to succeed.

According to Newt Gingrich, that makes me irrational. So be it. While I’m admitting my irrationality, I must also state that I do not want my governor, county commissioners, or township trustees to succeed either. Nor, for that matter, my local scenic river advisory council.

Sad News

Lawrence Moss, who was a wonderful fellow traveler of the Austrian School and the editor of The American Journal of Economics and Sociology, has passed away. The arrangements for a memorial service for him are incomplete, but I spoke to his widow tonight, Widdy Ho, and gave her my condolences.

Science Is as Science Does

The logical positivists devised a rigid criterion of knowledge: you cannot know anything you cannot empirically verify. The logical positivists’ criterion did not meet its own demand. But scientists never got the memo, and there persists to this day a widespread prejudice that the only “real” sciences are empirical sciences. And Keynesians want to be scientists too!