* My recent interview on the Victory Report. It’s familiar ground for most of you, but maybe you’re bored on your commute. We talk about monetary theory and what the average Joe should do.
* Silas Barta has a saucy post relating to my new book [.pdf] on whole life insurance and fractional reserve banking. His idea sounds promising. When I get more time, I may come back to explain what (I think) Silas is overlooking. In the book, co-author Carlos Lara and I don’t merely say whole life is good because “saving is good.” We give very specific reasons for why this approach is better than many others, including 401(k) contributions.
* Benoit Mandelbrot has died. He coined the term “fractal” and his work is used in “chaos theory” (the field, not my pamphlet). With Thomas Bundt I wrote a paper in the RAE using non-Gaussian probability distributions to show the limitations of standard neoclassical modeling.
* Yikes! This shows why some of the worries over getting rid of IP law are overblown. People would still be heavily penalized for plagiarism, at least in certain contexts. At the very least, the moral of the story is: Don’t mess with someone named Gonzalo.