* If you want socialized medicine, here’s the plan: First you pass a “weak” law that allows private insurance but imposes all sorts of rules on whom they need to enroll. Then, in order to keep them from going out of business, you require that every American buy health insurance. After that legislation is passed, have a court declare that the individual mandate is unconstitutional, but leave everything else in place.
* Jonathan Catalan has a good piece on 1937 that Tucker recently dug up from the vault. (Or at least, I assume Catalan wrote the article. It’s possible he paid someone to ghost write it.) On this point, I have an observation: Even on their own terms, the Keynesians who say the budget austerity of 1937 caused the US to fall back into Depression are admitting that their “medicine” doesn’t work even after four years of application. That is way longer than the typical free market recovery. This is what I mean about “believing is seeing.” What else would the data look like, to show that the New Deal actually prolonged the Depression?
* I don’t know if I’ve already discussed this, but I continue to be amazed at the casual way in which economists talk about the ECB buying half the Spanish and Italian debt. At what point are we going to say, “Yeah, that counts as monetizing the debt”?
* A relatively new podcast series featuring two young ladies from Auburn. The Australian guys they interview first are the ones who made that “bootleg” Mises U video, and then I give an unusual interview.
* There aren’t too many politicians who can discuss monetary policy and history like this.
* Noahpinion (that’s clever in and of itself) and I exchanged a few wise-acre emails after I mentioned him recently. Alas, he is an interventionist. He pointed me to this interesting post he did to try to show that Krugman was right and the free-marketeers were wrong.
* Tom Woods turns the tables on Lew Rockwell!
* I recycle Steve Landsburg’s game theoretic argument to question the efficacy of the SPR release.