It has always been very difficult to get a read on Masonomics, that is, the style of economics taught at George Mason University, generally under the term “Austrian Economics.” But thanks to Pete Boettke’s prodigious blogging, we learn more and more about it every day. Pete has in the past referred to research at GMU as “a stew of Menger, Boehm-Bawerk, Mises, Hayek, Rothbard, Kirzner, Lachmann, Alchian, Buchanan, Coase, Demsetz, and North”.

As Employment Increases in Response to a Fall in Wage Rates, the Rate of Profit Rises, Not Falls

This is the third in a series of articles that seeks to provide the intelligent layman with sufficient knowledge of sound economic theory to enable him to understand what must be done to overcome the present financial crisis and return to the path of economic progress and prosperity.

As the recent stalking of the heroic Shawn Johnson illustrates, stalking is a form of aggression, and ought to be punishable as a crime (privately, of course--but still).

This is an extraordinary presentation by Michael Masnick on the pheneomenon on Trent Reznor and the Nine Inch Nails, and how to make money in music without calling upon the state. It is an amazing presentation that is all about marketing and innovation, breaking old models and experimenting with new ones. You might say that the story is about entrepreneurship, which copyright has discouraged in the music business for 100 or so years with deleterious consequences for the entire industry.

In all of Neal Boortz’s books on the FairTax (see my recent article “The Flat Tax Is Not Flat and the FairTax Is Not Fair“), he maintains that, in order to be “revenue-neutral,” the rate would have to be 23% (figured inclusively--the tax is included in the price of the product), which is actually 30% (figured exclusively; that is, normally--the tax is added to the price of the product). Yet, FairTax proponent Laurence J.

President Obama just revealed at the New Hampshire “town hall” that he rejected Federal government supplied insurance for himself and his family when he was in the U.S. Senate, and instead of the government regulated stuff he took advantage of his wife’s private insurance supplied via her $317,000 per year political fixer/politician’s wife job with the University of Chicago Hospital.