==> David R. Henderson on the Nobel.
==> When reading posts like this from Bryan, I wonder if he hands out the syllabus on the first day of class that just says “YOU WILL GET NOTHING FROM THIS CLASS” at the top.
==> On the debt limit, David Friedman had some great stuff. Check out his critique of the “we can’t prioritize payments” excuse, and Friedman’s follow-up observation: “By all accounts I have seen, the software system for Obama’s 2012 reelection campaign worked flawlessly, in striking contrast to the opposition’s.”
==> What’s really hilarious in the Matthew O’Brien piece on debt default (that Friedman critiqued) is his tone and rhetoric. He starts like this, “The latest absurdity to migrate from the fever swamps to the slightly more respectable Heritage Foundation and on to Congressional Republicans is that not raising the debt ceiling would be no big deal.” A bit later he writes, “Call them the default deniers,” because it’s important to bring in the Holocaust on this issue. But my favorite passage is this: “It’s touching how much faith Republicans have in the government’s ability to seamlessly pick-and-choose which of its 100 million monthly payments to make. But Republicans should perhaps be a bit more skeptical about how much government could solve this problem.” In my book, Matt O’Brien is never allowed to advocate for any expansion in government on any dimension. He doesn’t even think the government is competent enough to reform its payment system, even though he cites an episode in 1979 when the government temporarily fell behind on debt payments after a similar standoff. If government can’t even solve this problem, surely O’Brien is a huge critic of ObamaCare and all foreign occupations by U.S. forces.
==> More examples (here and here) of not only police behaving badly, but how their bosses initially defended them. What’s so crazy about these videos that now pop up weekly if not daily, is that you’re watching to see just how outrageous will it be. Like, did the officers in the first link above actually just gun down a guy for no good reason, or did they completely misinterpret the threat he posed, as he stood there staring at them with his arms at his side? Yet in a competitive market with different security companies, their personnel would be extremely well trained in assessing threats and de-escalating situations.