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
Larry Moss, RIP
I first met Larry Moss in 1966. He was a first year economics graduate student at Columbia University; I was one year ahead of him there, in my second year.
“Change” Under Obama: From Dumb to Dumber and From Bad to Worse
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.
Federalized Accounting
Feds as accountants. A Republican and a Democrat have proposed a new bill (H.R. 1349) to create a Federal Accounting Oversight Board to do things exactly the way the Feds think they should be done in the financial markets.
Make it free to sell it
Three days ago, a 2004 BBC documentary on the life of 16th century composer William Byrd was listed by Amazon with a sales rank lower than 110,000. Who even knew it existed?
Yesterday, the sales rank was 11,000 — having shot up 100,000 points.
Financial Markets Working paper
by Peter L.P. Simpson, which includes the following: