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More Challenges to Chaos Theory

Daniel Cotter is debating a minarchist buddy and told him to read my pamphlet, Chaos Theory [.pdf]. Below is a list of questions that the minarchist had. These are great questions, but unfortunately I am too swamped with “real work” to answer them anytime soon. So I hope some of you can help Daniel in […]

More "Efficient Markets" Nonsense?

At a reader’s suggestion, I checked out the Fama/French website, which is a neat set of Q&A on the implications of the “efficient markets hypothesis” (EMH) way of viewing the world. This particular question–and French’s answer–threw me: Question: Firms often pay a substantial premium to the market price when making acquisitions. Does their willingness to […]

China Central Bank Diversifying Out of USD

Tony Crescenzi reports on CNBC: New data on international capital flows into U.S. financial assets were released Monday indicating that in June China was a net seller of $25.1 billion of U.S. Treasuries. Many will put the sale in the context of China’s $38 billion buying splurge in May, but the better metric is put […]

Privatize Your Own Banking Through Whole Life Insurance

Here is a good Forbes article about “becoming your own banker” through the proper use of (mutual) whole life insurance policies. Now is probably a good time to announce that I am working on a book on this very concept with L. Carlos Lara. We are going to marry the traditional Austrian affinity for insurance […]

The Wheels On the Bus Go Round Round Round

The American Energy Alliance’s bus tour is underway! If you live in a coal producing state, it might be stopping outside a fair near you! We are still working on logistics, but I might be spending a few days on the bus if there is a speaking opportunity. I just hope they don’t want me […]

Freedom Train Status From Afghanistan

Here’s something that surprised me: Millions of Afghan women will be denied their chance to vote in landmark presidential elections this week because there are not enough female officials to staff the single- sex polling stations. Despite more than £147million being spent on election aid, the shortage is threatening to undermine the legitimacy of the […]

Red Hot Chili Peppers Cover the Beach Boys

I always like it when young punks pay their respects to the old masters. (And no I’m not referring to Austrian economics.) I don’t remember the show, but the band EMF (“You’re Unbelievable”) did a Tom Jones song, and vice versa, with him present. And they were in awe of Tom Jones doing one of […]

Fed Continues With Leeches, Can’t Understand Why Patient Is Moribund

CNBC tells us: The Federal Reserve said Monday it will extend its Term Asset-Backed Securities Loan Facility another six months though it said conditions were improving in some areas. In a joint announcement with the Treasury Department, the central bank said the TALF, as the program is known, now will run until June 2010, from […]