Like him or not, Paul Krugman is an economic theorist of distinction, a winner of the John Bates Clark Medal, and often rumored to be in the running for the Nobel Prize. It is disappointing, then, that Conscience of a Liberal contains virtually no economic theory. Instead, the book consists of crude propaganda for a “soak-the-rich” policy.
A commentator on this blog draws our attention to this piece on the site Rethinking Schools. It is called “Why We Banned Legos.” It is indeed an amazing piece of work, a perfect distillation of the romantic attachment that bourgeois educators in a prosperous society have for a communist ideal they have never experienced or seen or, apparently, read about.
Do it for the nation.
Apparently NYC-based Damon Hemmerdinger gave away around $20,000 over President’s Day to nearby denizens. The only catch, you needed to wear a sticker that reads: I Support the Economy!
In all countries which have not openly adopted a policy of outright and all-around socialization the conduct of government affairs has been for many decades in the hands of statesmen and parties who style themselves “progressives” and scorn their opponents as “reactionaries.” These progressives become sometimes (but not always) very angry if somebody calls them Marxians.
Commenting on yesterday’s daily, Jeffrey Tucker wrote, ‘This article hurls a dead cat into the temple of the civic religion — and does so in way that only Rothbard can.’
That line came back to me last night when I started listening to a great new History of Rome podcast. 
If you want to expose the absurdity of the state, think governmental accounting. Really, there is no better way to show the impossibility of a government solution to scarcity than by reading the annual audit of any governmental entity.