Teach the Banks a Lesson
Richard Perle on repudiating government debt.
Creative Indeed
The US is dishing out the big bucks to US firms assisting in the “rebuilding” of Iraq, and the Washington Post offers a look into how it’s done. Back in November, Creative Associates of DC was consulted in how contracts ought to be awarded in the reconstruction of Iraq’s educational system. When bidding time came, Creative Associates seemed like an obvious choice. In fact, it was the only firm to bid to receive a $157 million grant from USAID.
Why Jews Don’t Farm
Fibbing It Up at Fox
Roger at LSE
I attended Roger Garrison’s lecture on the Austrian theory of the business cycle at the LSE. The auditorium was packed, probably 250-300 in the audience. To my mind, Roger’s presentation was nothing short of brilliant. Poised, witty, yet unremitting in his calm reasoning, he showed how this “oddball,” out of the mainstream theory is by far the best we have to explain the phenomena. . Everyone I spoke to afterwards was highly enthusiastic. Tony Giddens arranged for a nice dinner. U
Martha is Not Guilty
A federal grand jury in New York has indicted Martha Stewart on five criminal counts of securities fraud, conspiracy and making false statements to federal agents.
The Implications of Human Action
Several times recently, Gene Callahan has found himself engaged, directly or indirectly, in discussions about exactly what implications follow from the existence of human action, the foundation of economic science. The effort to draw out those implications is called praxeology.
Never Too Much Dinar News
US Prints Saddam banknotes (BBC): US and British officials have said it is better to lose face by printing 250 dinar notes with Saddam on them for a short period than risk further inflaming public anger. They say new banknotes will be designed once an interim Iraqi administration is in place. Earlier this week, angry crowds gathered outside Iraq’s central bank brandishing 10,000 dinar notes.
It Always Comes Back to Economics
Bush Approval Drops on Sour Economy (Reuters): President Bush’s approval rating has dropped to 57 percent from 73 percent since April as voters soured on his handling of the economy, a poll published on Wednesday showed. The Quinnipiac University survey revealed that nearly twice as many American voters were more concerned about the sagging economy than about the possibility of terrorist attacks in the United States.
The cost of cars
This series from In the Fray quotes Austrian economist Roy Cordato on the assessment of the social cost of cars.
