==> The Detroit authorities are threatening to seize a billionaire hedge fund manager’s goats, which are grazing on land that the authorities claim is public. Bundy Ranch 2.0? (Just kidding. And it’s Mark Spitznagel.)
==> Richard Ebeling discusses the wisdom of Adam Smith.
==> An awesome photo of Milton Friedman and very young David R. Henderson, Jerry O’Driscoll, Jack High, and Richard Ebeling.
==> An interesting chart from Vox on global carbon dioxide emissions. Look at China and the US.
==> Tom Woods and Ron Paul talk about homeschooling.
==> I don’t agree with his overall stance, but Scott Sumner is pretty funny talking about the alleged “zero lower bound” in Europe.
==> Josie Wales on oppression (she’s against it).
==> This spiked article has some good observations about the reaction to the FT critique (HT2 AK). My favorite part:
When the Great Man himself responded to the FT, his annoyance at having to deal with someone raising questions about his awesome work was clear. ‘Ridiculous’
and ‘dishonest’ was how he initially described the FT’s findings. In his full reply, he says the FT’s points were ‘criticism for the sake of criticism’ – in other words, this wasn’t a genuine search for the truth. In response to a number of the FT’s specific charges, Piketty says that he often had to adjust the data because of their inadequacies, and he applied his best judgment. He admits that in a few cases he could have been more explicit in describing his adjustments.
Such a response may lead to more questions, but not from his loyal supporters, who were busy celebrating Piketty’s ‘victory’ over the FT. ‘Piketty’s devastating point-by-point rebuttal’, says Robert Kuttner, shows that Giles ‘made a fool of himself’. Economist and New York Times contributor Justin Wolfers tweeted,‘Debate’s over folks’ – providing further evidence for Joel Kotkin’s theory of the spread of a ‘debate is over’ syndrome among the modern left, which seeks to impose a stifling conformity on a variety of issues (from climate change to the causes of poverty and the definition of marriage, among others). Krugman concluded that the FT-Piketty debate showed the persistence of inequality ‘deniers’– the same term of abuse thrown at today’s heretics who dare to question climate-change orthodoxy.