A chart that gives rise to “deflation” nostalgia
For interesting stuff, see MarketWatch
A Gross error
PIMCO’s Bill Gross has recently switched from calling official US inflation figures a ‘con’ to betting the firm’s money that the CPI has ‘peaked’. He’s since been joined on this bandwagon by a number of less estimable pundits, all keen to rationalize the latest bond market rally post hoc and leading Bloomberg News to report that “Greenspan fights a war that bond traders say he has won”.
Here is where you will find why we wholly disagree.
The Miracle of Air Conditioning Repair
It was as simple as this. On Saturday evening, at 7:30 pm, I noticed that the air coming from the vents in the house was not cool. Checking outside, I found that my compressor was not working. Browsing through the yellow pages, my wife located and called an air conditioning repairman, and put me on the phone. He did a brief Q&A with me, and determined that he was indeed needed. Soon, Mr. Dillon arrived. I talked to him and watched him work in the dark of my backyard.
Heck of a Lead
Who can imagine the following (true, really true: prove it to yourself by clicking) first paragraph in the Washington Post:
In the boisterous sea of green robes at George Mason University yesterday was Amir Azad, 18, who is looking forward to some light, summer reading: “Human Action,” by the economist Ludwig von Mises, and “Man, Economy and State,” by Murray Rothbard.
Protectionism Creates Jobs, Promotes Free-Enterprise And Can-do Spirit
The DOJ versus e-mail
In the latest of a series of rulings, a federal judge has issued a $1.45 billion judgment against Morgan Stanley for not keeping records of email communications. Partly in response to such rulings, many corporations now have detailed email retention policies and keep years of email records.
U.S. Federal Government now spends $4 billion/year on minor marijuana offenses
In a report [.PDF] that is being picked up by Janes Intelligence Group and others, Ryan King and Mark Mauer explain how the U.S. government now spends more on marijuana enforcement than ever before.
More importantly, the report details the change in drug enforcement policy over the last 20 years, as well as the perceived effects of such policy on use of the drug.
Fadonomics
Bored with conventional applications of a traditional neoclassical theory, writes David Gordon, economists on the “cutting edge” have branched out. The trouble is that they keep repeating the same errors.
FCC protects you against VoIP
A correspondent sends this link to a Forbes piece on the FCC’s ruling on Voice-over-Internet Protocol phone service. VoIP had better provide 911 service or else they can just shut their scrappy little attempt to compete with the old-timey carriers.
Is the US Still a Good Risk?
America’s trade woes have deep root in how our public finances are conducted, writes Sean Corrigan.
