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Woman Stuck on Railroad Tracks Dials 911 Instead of Running

This is a pretty shocking story: Police say a woman who died after her car was struck by a freight train in Anaheim was on the phone with a 911 dispatcher in the moments before the crash. Police said Tuesday that 68-year-old Linda Kruger-Small told the dispatcher her car was stuck on the railroad tracks […]

Rebunking Five "Lies" of Economists

They are trying to debunk the lies, so I am rebunking… Now I’m no fan of mainstream economic orthodoxy, but the critiques on this (spooky) page are childish. I must be brief–my corporate masters want output output output from me!!–but let me at least deal with two that jump out: DELIBERATE LIE #3. People are […]

A Tutorial on Corporations

I’m not sure I entirely agree, but interesting. (HT2 Ian.) And make sure your sound is on.

Commercial for My New Study Guide

…is here. Excerpts: Once you realize that Mises has a definite plan for the book — it is certainly not a Joycean stream-of-consciousness riff — then its 881 pages are not as daunting. You realize with each chapter, “Yes, now I see why Mises couldn’t really get on to Important Topic X until he first […]

In Fairness to Dr. Krugman…

…I should correct a slightly unfair post. When a CNBC story reported that the Fed promised to hold rates at low levels for an extended period, I posted that this was exactly what Krugman had called for. Well, not quite. Here is the full context of the actual Fed statement: The Federal Reserve will employ […]

Paulson Flips Again On Whether He Needs the Remaining $350 Billion In TARP

Now I didn’t specify in the title of this post whether it means Paulson wants the money or not; do you remember? I know it’s a tough question since I think Paulson has literally flipped twice in the past two weeks. But as of right now, Paulson claims he doesn’t need to tap into the […]

Mankiw Wants a Nobel Too So Starts Writing Like Krugman

Look at his latest blog post calling for the Fed to explicitly abandon price stability (HT2EPJ). In his words: [E]ven if the Fed cannot reduce nominal interest rates, it can reduce real interest rates by committing to a modest amount of inflation. Some would view this as a radical change in monetary policy. In some […]