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Evidence That the Fed Caused the Housing Boom

At mises.org today, I have an article taking on some of the empirical arguments that try to exonerate Greenspan. I take on Megan McArdle, Henderson and Hummel, Brad DeLong, and Casey Mulligan. (In short, I do my best to alienate as many groups as possible from Austrian economics.) An excerpt: I realize that these disputes […]

George Bush Is Not an Idiot

I think George W. Bush is one of the worst presidents in modern times, because of his lip service to free markets while allowing an outrageous growth of government power. Still, I think his critics are wrong when they lampoon him as a bumbling idiot. (Just the other day, I was talking with a guy […]

Nash Supports Gold Standard

Nobel Laureate and game theorist John Nash recently gave a talk at Fordham explaining the need for a hard money, such as was provided by the gold standard. (HT2EPJ) From the Fordham account: Nash told the audience that such financial crises would be less likely to occur if there was some international monetary standard, such […]

A Stern But Sobering Lecture from Lew Rockwell

Lew Rockwell, president of the Mises Institute, has an amazing article at his website today, imploring libertarian intellectuals to stick to their principles even now when things are scary. A taste: If you write and follow politics enough, you eventually realize that most evil in this world is brought about by those seeking a lesser […]

Subjects Are Like Little Children

…in the mind of a politician. The easiest way for me to get across the point of this post, is to recreate how I happened on the idea: So I was trying to get my 4-year-old to go to the bathroom since we had just driven home from somewhere. He wanted a drink, and I […]

Celent Report Says "What Credit Crunch?"

I have seen this story linked all over the place, but just in case you missed it: PARIS (Reuters) – The credit crunch is not nearly as severe as the U.S. authorities appear to believe and public data actually suggest world credit markets are functioning remarkably well, a report released on Thursday says. As a […]

The Future of the Auto Industry

Mario Rizzo (relying on the elusive Jeremy Sapienza) tips us off to a future car ad. The whole thing is pretty good, having the quality of a decent Onion article. An excerpt: It’s in the way you dress. The way you boogie down. The way you sign your unemployment check. You’re a man who likes […]

Ex-Austrian Declares: "We Need to Save More and to Spend More"

Really, that’s what he says, though not in the same sentence. (HT2 Jim Fedako.) I’m not going to bother quoting this guy, who says he believed in Austrian economics until the Lehman collapse. I guess the guy’s position is analogous to somebody who says, “We never should have gone into Iraq, but now that we’re […]