Arizona Memories
Callahan Reviewed
Economics for Real People reviewed (Washington Witness): “Mr. Callahan leads us gently through the fruit of hundreds of years of reflection on human action with prose accessible to any layman. In fact, he does such an excellent job of being clear, interesting and witty that some readers may think that all economic reading is this straight-forward.
Freedom and Government
‘Consumer Confidence’
It’s a Keynesian myth, says Gary North.
Cut the Cord
- Millions Doing Away with Landline Phones(AP): “In number, cellphones are creeping up on landline phones. They already comprise about 43 per cent of all U.S. phones, according to the International Telecommunication Union, up from 37 per cent in 2000. Meanwhile, the number of U.S. landline phones has dropped by more than five million, or nearly three per cent, since 2000, the Federal Communications Commission reported in June.
Argentina is Wagging the Dog
If Argentina defaults, will the IMF follow? From the International Herald Tribune: “Argentina owes $14.3 billion to the IMF, more than 500 percent of the country’s statutory quota (the generally accepted borrowing limit is 300 percent).
More Monetary Follies in Iraq
Iowa Troops Bring Billions from Iraq (AP): “The United States has seized billions of dollars in U.S. currency from Iraq, but some of that money can’t be used to reconstruct the war-torn country because the bills are in too large of denominations. The U.S. government is shipping some of the money to America to be changed into smaller bills; then it will be sent back to Iraq where it can be used for reconstruction, the Des Moines Sunday Register reported.”
Why Do Gays Smoke So Much?
Everyday Economics from Steven E. Landsburg.
King Subsidies
While the New York Times usually is abominable on economic issues, there actually is a good editorial today on U.S. subsidies to cotton farmers.