The Uses and Abuses of Math
Ever since his State of the Union speech, President Bush has been pushing increased government funding to improve science education, with better mathematics preparation as its foundation.
Sarbanes-Oxley Board Unconstitutional?
The Competitive Enterprise Institute, the Free Enterprise Fund and a small accounting firm are challenging the constitutionality of the Public Company Accounting Oversight Board (PCAOB), a creation of the Sarbanes Oxley Act. The “Peek-a-boo” is technically a non-profit organization, but has unusual powers to enforce federal laws and set standards for auditing internal controls at public companies.
Mentions of Mises in the blogosphere
SEC Rules Force Inaccurate Estimates of Energy Reserves
A new Cambridge Energy Research Associates (CERA) report proposes to let companies judge for themselves how many oil and gas reserves they have, as opposed to the current system whereby the Securities and Exchange Commission mandates the use of a strict formula. According to the oil and gas industry, the SEC’s method “is archaic and arbitrary, and undercounts the amount of energy on tap for the future.”
Dictator Mentality at The New York Times
In its Monday editorial “Next Steps on Energy,” The New York Times criticizes the president’s proposals concerning oil that he made in his State-of-the-Union message on January 31.
Dr. Jekyll and Mr. Government
Ever since there was government, there have been those want to purify it from its excesses and corruptions, rid it of its grafters and operators, and cleanse it from any taint of the sin of private interest. Government should serve the people with an eye to the common good, they declare, and it should be part of the solution to the problem of evil in the world, and not contribute to the problem itself. Government, in short, should be good!
Is Free Trade Really Wrecking the Union?
For years Paul Craig Roberts has been a leading academic critic of free trade, outsourcing, and “globalization” in general; his latest article, “Bush’s Untrue State of the Union,” issues the direst warnings — and hurls the strongest insults — yet. After criticizing Bush’s foreign policy (an issue where Roberts and I totally agree), Roberts cites economist Charles McMillion to demonstrate the “disastrous” state of the union:
The Myth of the Math and Science Shortage
Bush is raising false hopes, diverting career paths, and wasting money, writes Lew Rockwell. He is also raising a non-problem and purporting to solve it with a non-solution.
Praxeology and Certainty of Knowledge
Interesting recent article, Praxeology and Certainty of Knowledge, by Objectivist Gennady Stolyarov II, editor of The Rational Argumentator (Le Quebecoise Libre). Relies heavily on Hoppe’s and Mises’s praxeology and epistemology.
Inflation in Japan: Cause for Celebration?
The New York Times along with most of the other financial media reports that Japan has finally achieved what many Federsal Reserve economists (see for example 1, 2, 3) , including Bernanke and (non-Fed economist) Paul Krugman have identified as the key goal for Japanes
