Shocking news: Greenspan says credit expansion is a good thing
Patents and Peanut Butter Sammiches
Some things just require no comment. From Greg Aharonian’s PatNews newsletter:
Big Blue Discovers New Way To Leverage Patents
A recent article in Corporate Legal Times, Big Blue Discovers New Way To Leverage Patents: Open-Source Revolution Keeps IBM In The Black, reports that IBM has made 500 of its patents available to the public.
Is Austrian Economics Merely Religion?
Still the State’s Greatest Living Enemy
Who Bears the Burden of the Tax?
This question came into the Institute from Allen Sukholitsky, a study at Columbia:
The Online German Job Auctioneer
Correspondent Bas Jonker writes: “I came across an interesting new venture in Germany called www.jobdumping.de . Basically it is an Ebay for people who want to work. Employers can post jobs with a salary they are willing to pay and potential employees can bid for the job and undercut each other. Of course, words like ‘slavery’ and ‘exploitation’ from the unions and politicians were heard immediately. The founder of the website, Fabian Low, wanted to do something about the stunning unemployment rate in Germany.
The Stateless Internet
Cantillon’s Paradise links to what appears to be a wonderful paper by Bruce Benson, still in working paper format: “The Spontaneous Evolution of Cyber Law: Norms, Property Rights, Contracting, Dispute Resolution and Enforcement Without the State.”
Perhaps the Silliest Comment Yet on the Summers Flap
Harvard President Larry Summers is now discovering what many economists find out to their dismay when they venture out of the old-boy network that is American economics. Musings that are considered “normal” among economists tend to be regarded as insensitive or even prejudiced in many other disciplines. At the root of his remarks is the fact that Mr.