All Posts

Archive for All Posts

Another Scott Sumner Money Illusion

I pick on monetary maverick Scott Sumner a lot, but only because I care. (In fact, Scott himself gets this; see the opening paragraph of this post.) So it is merely in the spirit of loving correction that I bring to your attention a recent profundity from Scott. The context is (a very interesting) discussion […]

God Can Take Care of His Own Ark

In the comments to this post, “Magnat” reminded me of an episode in the Bible where my initial reaction was ridiculous. In I Samuel 4:1-11 we see that the Israelites have a setback against the Philistines, and so try to raise morale by bringing the Ark of the Covenant to the front lines of the […]

Awful Abduction Case in CA

I was waiting for my connecting flight to San Fransisco (for tomorrow’s Mises Circle) when I first heard of the awful Jaycee Dugard 18-year imprisonment story. (Here is an opinion piece with a bunch of new facets, both in the piece and the links on the sidebar. I don’t know if they are accurate; I […]

The Scariest Paragraph I’ve Read in a While

This is the first paragraph in a WSJ story–on page A4–from earlier this week: WASHINGTON — The CIA lacked clear safeguards to prevent abuses in some instances in its network of secret prisons for terror suspects, and some interrogators had inadequate training and oversight, a long-withheld 2004 report found, according to current and former officials […]

Praising Krugman on His Critique of Fama and Cochrane

In response to a reader request (who is probably now horrified), at the Mises blog I addressed an old Krugman post on what he called the “Dark Age” of macroeconomics. Here’s the news you can use: Krugman is totally right. (!!) Fama and Cochrane are wrong in spinning out what appear to be tautologies above. […]

Kroger Receipt From August 27, 2009

For some time now I’ve been meaning to document the prices I paid at the grocery store for some staple items. (At least, they’re staples in our house because of our son.) For the record: * Half-gallon of Silk “Very Vanilla” soy milk, $3.49 on sale for $2.99. * 32 oz. of Stonyfield’s “Banilla” (sic) […]

I Want to Be Chris Martenson When I Grow Up (and BTW the Dollar Is Toast)

Wow. Chris Martenson was the guy who snooped around bond CUSIPs and realized the Fed bought up 47% of the freshly issued Treasurys from primary dealers the week after the auction. Now on his website he has made available a blockbuster report (that his paying members got a few weeks ago). (HT2EPJ) Really, if I […]

People Hate Fed More than IRS!

Jeff Tucker passes along this story: NEW YORK (Reuters) – Americans think the Federal Reserve is doing a worse job than even the much-maligned Internal Revenue Service. Only 30 percent of Americans think the Federal Reserve’s Board of Governors is doing a good job despite the central bank’s unprecedented efforts to battle a crippling recession, […]