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Obama Makes His Bones as President
…by ordering Predator strikes that allegedly killed at least 3 children. (HT2 LRC) Some of the comments at the Times UK site were great; the featured 3 (when I clicked on it) were: There are few places in the West where a man could be convicted on the basis of the evidence we have seen […]
Read moreWIll Krugman Defend Thain’s Stimulus?
In case you haven’t heard, former Merrill CEO John Thain resigned today, presumably because of this scandal (HT2 Gene Callahan for the video): UPDATE: This video was messing up my precious Google ads, so I took it down. You can click the link above to watch it. On his show today Rush made the great […]
Read moreLew Rockwell Podcast with Bob Murphy
Available here. (Note: Don’t let the .mp3 ending fool you; the hyperlink takes you to a page where you can play the podcast from your browser.)
Read moreMotley Being a Fool on "Enterprise Value"?
A colleague asked me about “enterprise value” and passed along this discussion: Enterprise value (EV) represents a company’s economic value — the minimum amount someone would have to pay to buy it outright. It’s an important number to consider when you’re valuing a stock. You may remember that market capitalization (the current stock price multiplied […]
Read moreKopBusters
Jason brings to my attention this documentary project. I think these guys are nuts–meaning, I can’t believe they are screwing with cops like this. What they do is set up a room designed to look like a marijuana growing operation, but they don’t actually do anything illegal. And then they install hidden cameras to catch […]
Read moreMore Subtleties in the Claim that "Free Markets" Caused the Crisis
Per Bylund passed along this video interview with Krugman. He blamed the present mess on 30 years of rigid free market ideology, and then clarified that the regulatory apparatus failed to keep up with the changing financial system. In case you’re curious, the reason he has to say it that way is that there was […]
Read moreDid Deflation Cause the Great Depression?
Yet another sneak peek at my upcoming book. The standard mythology of the Depression holds that one of the main causes was (price) deflation: Falling prices make consumers reluctant to spend, but this just feeds on itself, blah blah blah. So you probably think that the most severe deflation in U.S. history occurred in the […]
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