* I have been saving up posts on the alleged “austerity” over in the UK and Europe, but the news is moving fast and I’d better just send you to the relevant links. So first of all, here is Tyler Cowen showing an awesome graph from Veronique de Rugy detailing nominal government spending in various countries. Not surprisingly to readers of Free Advice, the alleged poster child of austerity–the UK–is just about the worst example one could pick. (And by “one” I mean “Paul Krugman.”) People bit Tyler’s head off in the comments, but he doubled down in this subsequent post, basically saying, “I admit there might be more to say on this issue, but so far, nobody has said it.” Don’t be intimidated Tyler. (Seriously: The people in the comments at his first post are throwing up all sorts of sand, none of which detracts from the basic point Veronique was making. They might as well have said, “Oh, but your chart is in annual figures! In the real world spending is done daily.”)
* No idea at this point how I stumbled upon this news report on “Million Dollar Voices,” but it’s kind of neat. I’m sure there’s a lesson about the division of labor and population growth in there, somewhere.
* Ralph Raico sent me this article on karaoke. (A sentence I never thought I’d blog.) I must disagree, however, when the alleged experts in the article caution people not to do “Hey Jude.” Perhaps that’s true in general, but not at Mises U:
NOTE: The above video is, to my knowledge, the only one in existence where I didn’t say, “Jeez, I swear I sounded better in person than that iPhone would suggest.”