Experimental Economics, Indeed

In the December 27th Wall Street Journal online, Economics Nobel laureate Vernon L. Smith lays out a program to jumpstart the Iraqi economy and give Iraq a set of institutions fitted to the needs of a free and prosperous commonwealth. He spies “a historic opportunity” for W “to craft a new geopolitical-economic paradigm that could—and should—become a world model for the movement of assets from governments to citizens.”

Mad Socialism Disease

In 2003, one in 35 million U.S. cattle were confirmed to have mad cow disease. Infected cattle comprised three millionths of one percent of all cattle. So why the mad cow scare? As Christopher Westley tells us, it reflects an implicit consensus among the body politic that the federal overseers of the U.S. beef industry are not capable of stopping the spread of mad cow once the slightest hint of the disease shows itself on U.S. soil.

Lew’s new book

Sent to my list: “Lew Rockwell gave me my start in journalism, so it’s my pleasure to return the favor in small part by informing you of his new book, Speaking of Liberty.  Lew is president of the Ludwig von Mises Institute, and I know of no writer who defends the cause of freedom with greater ardor and erudition. To learn more about Speaking of Liberty,  click here. You can read my interview with Lew on “September 11 and the Anti-Capitalist Mentality”