What Were They Thinking? (Lew Rockwell, LRC): “Last spring, most people thought the war planners were decisive geniuses who had pulled off an amazing feat of military management. Donald Rumsfeld boasted: “Never have so many been so wrong about so much.” War critics didn’t believe him, but it took time for the full evidence of failure to emerge. Today, the war critics are the prophets and the war planners are regarded as hopelessly naïve architects of a quagmire.
“Praxeology: The Methodology of Austrian Economics“
by Murray N. Rothbard
New York Times reporter Keith Bradsher may know something about Austrian business cycle theory, talked to someone who does (perhaps Dong Tao at Credit Suisse First Boston?), or maybe he is just a good observer:
My “Death by Environmentalism“ article on the Mises page still generates controversy, as it has been reprinted, translated into Spanish, and generally circulated. It has also been a source of problems to me, as one environmentalist emailed our president and demanded I be fired. (She graciously declined to do so.)
In his response to my article “The Anatomy of Deflation,” Frank Shostak writes: “The problem with this [Reisman’s ] way of thinking is that deflation is presented as an independent destructive force. However, deflation doesn’t have a life of its own - it is always dependent on prior monetary inflation. Consequently, it is not possible to reach any meaningful conclusion regarding deflation without addressing the issue of monetary inflation.
Worm Suspect: “I’m not the one” (MSNBC): “I am extremely concerned that the government is trying to make an example of me. I understand that the government needs to catch someone for these crimes. I’m not the one they need to get!... Even now I still don’t fully understand the charges against me. I don’t even have a copy of the complaint, and don’t have a lawyer that has explained the specific charges to me.... I want to get on with school and move towards graduating.”
It was the New York Times that came up with the idea: a news alert in your inbox based on a key word of your own choosing (though there were always limits). The service became so popular that the Times started charging for the service.
According to a research paper put out by the Reason Foundation (summarized here in .pdf), the U.S.
How damaging would another round of protectionism be? With international relations already highly strained—thanks largely, if not wholly, to the unwontedly belligerent approach generally adopted by the current U.S. Administration in its dealings with others—the clear peril here is that a series of escalating trade disputes impairs the ability of flows of goods to discharge the existing financial burdens of debt service and repayment as they come due.
More letters about The Creation of a Bureaucrat:
