Nation’s Gentrified Neighborhoods Threatened By Aristocratization
The Onion is overlinked, but this is too funny not to post:
The Onion is overlinked, but this is too funny not to post:
This weekend, the New York Times published an excellent review of what looks to be a good book on Iraq: No End in Site by Charles Ferguson. The catalog of error, arrogance, corruption, and violence looks overwhelming, and the review itself is very instructive. If the book is anywhere near as good, it seems very important.
With a certain weary inevitability, the cries of pain emanating from those seeing their aspirations ground to dust amid the current upheaval in financial markets have been interspersed with the shrill descant of those all too eager to proclaim a ‘crisis of capitalism’.
The implication that it is now time for those far-seeing, disinterested Solons in government to step forward once more and to put right what mere ‘market forces’ have again so woefully failed to correct.
Oskar Lange famously believed that the development of high-speed computers would render Mises’s and Hayek’s critiques of socialism obsolete. “Were I to rewrite my [1936] essay today,” he wrote in 1967, “my task would be much simpler. My answer to Hayek and Robbins would be: So what’s the trouble? Let us put the simultaneous equations on an electronic computer and we shall obtain the solution in less than a second. The market process with its cumbersome atonnements appears old fashioned.
In a review of Guido Huelsmann’s great biography, Mises: The Last Knight of Liberalism, which his come to my attention but has not yet been published, its author makes an odd claim. He says that Huelsmann displays a “hagiographical” attitude toward Mises. This claim cannot survive a careful reading of the book.
At the beginning of 1776, New England was ready for independence. So were such leading radicals as Richard Henry Lee and Patrick Henry of Virginia, Christopher Gadsden of South Carolina, and army leaders such as George Washington and Charles Lee. But the bulk of the colonies and the Continental Congress were not.