NEW YORK/WASHINGTON (Reuters) - As NASA sets course for the moon and Mars, the space agency’s finances are in disarray, with significant errors in its last financial statements and inadequate documentation for $565 billion posted to its accounts, its former auditor reported. Bush’s Mission to Mars
What a time for the Bush administration to go crawling to Congress to beg for another $25 billion for the war. Tesitfying on behalf of the request was the ever-present Paul Wolfowitz, who in testimony only weeks ago misstated the number of American dead: he was 30 percent short. The financial profligacy of this administration cannot produce images quite as riveting as those coming out of Abu Ghraib, but they come close.
[Should the state back science or even plan its progress? In this excerpt from a longer and previously unpublished study written in 1959—two years after Russia’s launch of Sputnik and two years before the first manned space flight—Murray Rothbard (1926–95) argues that socially beneficial scientific innovation comes from independent thinkers working within the market economy, while the state distorts science and produces no really important innovations.
From your friendly neighborhood WalterBlock.com webmaster: online versions for literally dozens of Professor Block’s articles have been added to his publications page tonight. Thanks, in part, to the scanning and coding efforts of his tireless Loyola assistant Charles Long.
Currently at 10.7 percent, unemployment is one of the most severe problems in Germany. The main reason for this unemployment is wage agreements that are too high. These wage agreements are primarily legitimated by the “productivity norm theory” that states that wages should be raised according to increases in “labor productivity.”
An Austrian Critique of Neo-Classical Monopsony Theory by Walter Block (Loyola University New Orleans) and William Barnett II
Godwin’s Law: as the number of people engaged in a debate or discussion increases, the probability of a reference to Hitler or the Nazis approaches one. There are two important corrolaries: The first person in a debate to compare his opponent’s position to Hitler/Nazis loses. Once a discussion reaches comparisons to Hitler/Nazis, it is no longer useful. Not surprisingly, Hitler comparisons have come fast and furious in response to Bjorn Lomborg’s The Skeptical Environmentalist.
