Bush the budget-cutter?

What’s next, Usama bin Laden the beer guzzling pork eater? -:) After having increased domestic discretionary spending faster than any president since Nixon and LBJ, Bush now puts forward a budget which would increase it slower than the rate of inflation, which is to say reduce it in real terms. After having previously actively pushed for sharp increases in farm subsidies, he now proposes that they should be reduced.

The Free Non-Market?

The Economist for February 5 contains an article that, for many of us, introduces a novel mode of production: sharing. While voluntary (without which it would be confiscation, not sharing), this mode of exchange seems to abjure not only counterexchanges of money, but any and all kinds of formal bookkeeping of the sort that normally accompanies barter and other forms of nonmonetary exchange.

Blue Moon?

Oh so rarely, the New York Times‘ editorial page make good economic sense, and its position opposing the Bush Administration’s Social Security privatization plans is one of those times. Sure, its motives reflect devotion to winning a partisan battle than to sound economics. Indeed, it would rather have Social Security strengthened and expanded.

Hoppe: Another Letter

Dear President Harter:

As a teacher of business ethics at Chapman University, I am truly revolted at the idea that Professor Hans Hoppe’s generalizations, which simply serve as illustrations of statistically valid economic principles as applying to the behavior of different people with different beliefs and attitudes, should serve as grounds for any kind of academic reprimand.