The Washington Post reports Economists Debate Link Between War, Credit Crisis. The article is notable both for being poorly reasoned, and for its extensive quotation of faulty or irrelevant arguments made by actual economists.
The article starts by addressing the perception that the war is a cause of the current recession. Senators Voinovich and Obama are quoted to the effect that is it. The public apparently believes this as well:
While IP may not stimulate true innovation and creativity, Hayek suggests that copyright might stimulate something more pernicious: the intellectual class. In “The Intellectuals and Socialism,” he writes:
Excellent post by Mike Masnick on Techdirt:
Ohio has effectively shut the door on payday lending. The state legislature — a bunch of nanny do-gooders — recognized the seen: the closing of 1,600 payday stores and the loss of some 6,000 jobs. But these same folks missed the unseen: the tens or hundreds of millions of dollars invested in these businesses; with investment losses to be suffered by many unknown Ohioans.
Now online is my article from the May 12 issue of The New American, “Is Making Taxes ‘Fair’ the Answer?” This comprehensive article on the problems with the FairTax is not based on a Boortz book, although I think I mentioned him once or twice.
A student who just earned his M.A. sent us this picture of his graduation cake.
If this video doesn’t motivate you to jump on the next raft to Finland, I don’t know what will. The worst part is not that the narrator admits the country is yet another dying experiment of socialism, but that the director convinced the participants to smile and be happy about “getting by” with the little income they’re allowed to take home.
Guido Hulsmann received the following:
