Lots of links have been piling up here…
* You know how Keynesians liked that one journal article showing that businesses were more worried about bad sales than regulations? Well, when a survey shows the exact opposite, they still take it as further evidence that the demand-side story is right. (Note that I’m not saying the Gallup poll is decisive, I’m just showing the Keynesians–or at least this particular guy–are doing heads-Maynard-wins, tails-Friedrich-loses with these surveys.)
* I’m a fair guy: I’ll give Paul Krugman this one, that indeed Paul Ryan appears to be talking nonsense in his critique of Obama. Ryan is simultaneously opposed to inaction on the deficit, as well as fiscal austerity. (It’s possible he means austerity through raising taxes, but I don’t know if we should strain that much to make sense of the quote.)
* A former CBO head apparently has yet to learn the wisdom of Modern Monetary Theory. Look at this quote (from a 2005 interview): “[The level of federal taxation] is always the second decision. The first one is how much are we going to spend. As I have said before, if you spend this much money, you can’t borrow it all.”
* In preparation for our debate, I tried to get Scott Sumner to elaborate on his position. In response he said, “You are confusing two completely separate issues. Inflation doesn’t matter at all, for any reason. Only output and NGDP matters. Any problem believed due to inflation, it actually due to something else.” Are we suuure we want to hand the Fed over to the brainchild of this man?
* There should be more articles on innovations in bathrooms. I may establish an X-Prize.
* If you’re going to have private law, make sure you get the prices right.
* Just in case the above story makes you proud of the US legal system, try this one.
* The sword of justice descends on Bryan Caplan’s mathematical skills.
* I explain Rothbard’s approach to pricing land.
* Matt Yglesias again repeats the bald Phillips Curve view of the economy, apparently unaware that oil prices steadily fell along with unemployment after the recessions in the early 1980s.
* Not sure if I already blogged this: More Free Advice for the Occupy Wall Street crowd.
* A prescient Sheldon Richman article on terrorism, from 1999. (A reader sent it, can’t remember who.)
* Lew Rockwell on the fascist threat.
* My talk in Canada. (BTW quick bit of Free Travel Advice: When you are flying internationally, you have to pick up your bags at customs and work them over to the airline counter in the other country. There was some confusion because I asked the Air Canada people, “Will this go straight through to my final destination?” and they said yes. What they meant was, it will go straight through, once I physically pick up my bag at the layover and carry it to the next flight. It was an inconceivable pain for me to get my bag–sitting at the baggage carousel–after I had gone through the customs checkpoint. Like, it took an hour for me to have someone manually escort me back onto US “soil” and get it. Had to book a different flight.)
* Now TSA is stopping random people on TN highways. You’ll never get me, guys. I blend in with the indigenous people. I have a perfect American accent.
* A new website devoted to economic freedom, with a short video.