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Rizzo on Keynes vs. Hayek

Mario Rizzo has another good post: While I am not a Keynesian, I would agree that the economics of Keynes (and Keynesian economics!) is more relevant to the present crisis than the graduate macroeconomics taught in most high-level departments today. I’d also suggest that the business cycle analysis of F.A. Hayek is also more relevant […]

Yglesias: "It Depends What Your Definition of ‘Justify’ Is"

I am getting a little impatient with all of these self-defined “progressives” who won’t admit their mistakes. (Obviously there are analogs of this habit in every movement; the progressives don’t have a monopoly here.) We all got a chuckle over Paul Krugman ridiculing the very IDEA that he could have called for a housing bubble, […]

Austrian Economics in Iraq, Part II

In a previous guest post, Edward Gonzales explained his experiences with government spending on an Iraqi community. In the present essay, Gonzales caters to our requests for more talk of blowing stuff up. –RPM ===============================Fighting an Insurgencyby Edward Gonzales While serving in Iraq I came to the conclusion that a thriving economy did more to […]

Evony’s Double Dip Marketing Strategy

Folks, I do not have anything to do with the content of the Google Ads. I certainly don’t sign up for the “Play now, my lord!” ads that seem to feature women with increasingly large busts as the weeks pass. It’s true, there’s a way I can go into Google Ads and tinker with it, […]

Two Ironic CNBC Headlines

In case you’re wondering, the only reason I torture myself by going to CNBC.com 5x a day is that I check the price of gold, and I continue to wait for the dollar to crash. But then when I’m there, I can’t help but look at the headlines. For example, right now I read that […]

Potpourri Por Favor

* A bunch of Ron Paul fans have been griping about this WSJ article on the Fed, and I assumed they were just being touchy. But seriously just read the first three paragraphs. That might as well have titled it, “Give me a B! Give me an E! Give me an N!…” In case you […]

Mo’ Potpourri

* Hayek [sorry!!] Henry Hazlitt reviews Rothbard’s Man, Economy, and State. * Ben Bernanke’s ghost writer(s) have an op ed in the Wall Street Journal today. (HT2EPJ) Pinky, are you thinking what I’m thinking? * Bob Roddis has a Rothbard speech (in three parts) at his blog. * We are now officially in Bizarro World. […]

Potpourri

* Mario Rizzo laments the failure of macroeconomics. An interesting excerpt: As a member of NYU’s Ph.D. admissions committee for the past fifteen years, I have even seen applicants who apologize for taking “too many” philosophy courses in college. I have seen others remind us that although they have been interested in history and literature, […]