Bloomberg reviews End the Fed:

Can the Fed be fixed? Don’t bother, writes U.S. Congressman Ron Paul in “End the Fed,” a blistering libertarian broadside from a firm believer in Austrian economics.

As many readers here probably already know, Chicago economist John Cochrane wrote a blistering reply to Paul Krugman’s NYT Magazine piece on what’s wrong with the economics profession. When I read Cochrane’s piece, I was dismayed because many of his arguments to defend himself against Krugman’s attacks would just as well “prove” that the Austrian school is defunct.

In reference to my 2002 LRC article Extreme Prefixes, Stephen Fairfax sent me this guest post:

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Interactive Graphic Illustrates How U.S. Patent System Has Driven American Economy notes:

The Bush administration’s invasion of Iraq provides one further confirmation, if any were needed, of Randolph Bourne’s dictum, “war is the health of the state.” Faced with so massive an instance of aggression, the question arises: can we do without the state altogether? Its elimination would end the principal source of destructive violence in the world.

Vincent Carroll of the Denver Post heard Obama speak of people who believe in completely unfettered markets, and went seeking such people. He couldn’t find them in any of the usual places, but he finally found one at the Mises Institute. You really must read Doug French’s comment. Don’t want to spoil it.

One sensible voice out there