Meaning of national security

Spreading democracy is one of the mantra’s of U.S. foreign policy. Austrians, of course, know otherwise. The military is often used not for alturistic aims, but to secure the financial interests of unscrupulous firms that have an influence over government policy.

I found a most frank example in a recent article in The Economist,

“The view from abroad,” dated 19 Feb. 2005

Accountants Don’t Know Time is Money / Paper Idea

One of my colleagues (an accounting professor) mentioned that he almost always applies for an extension on his taxes, and admitted that it was due to pure procrastination. He said that most accountants do this too (but said in their case it was that they had to do their clients’ taxes first). I said that it would be interesting to run a regression on the interest rate and the number of late (or early) tax returns filed. Presumably, the higher the interest rate, the higher the opportunity cost of delaying.