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Samuelson Et Al. Goofed on Soviet Union Because of Their Models, Not Their Politics

Alex Tabarrok has an interesting post today on how the mainstream textbook authors were far too generous in their predictions about Soviet GNP back in the day: First, an even more off-course analysis [than in Samuelson’s textbook] can also be found in another mega-selling textbook, McConnell’s Economics (still a huge seller today). Like Samuelson, McConnell […]

Mankiw’s Baseless Arguments

My article at Mises today is a bit long, but only because it has everything: Sarcastic quips about Greg Mankiw’s logic, a discussion of M0 versus M1 and M2, and a fun story about a real estate developer (Shady Slick) who is ruined by a bureaucrat. I would have put in a love triangle but […]

Was Jesus Rich?

[UPDATE below.] Here is a very interesting article (HT2 Tyler Cowen) discussing whether Jesus was wealthy in material terms. When I first heard the claim I thought it was absurd, but the proponents make a decent case in terms of familiar things from the Bible that I had never thought about in this context: “Mary […]

First Murphy’s Law, Now This

Scott Sumner has rechristened the URL on his blog. (Apparently his inflationist views were being confused by too many people with Bentley automobiles.) He now has a “deep thoughts” post up where he asks, “And are there negative bubbles? If so, what are they called? And why don’t people talk about them?” I answered: My […]

Chaos Theory Questions

Reader Robert Fellner has foolishly been discussing my pamphlet Chaos Theory [.pdf] with people who have yet to see the light. (I do not recommend this.) He turned to me for help in answering their objections, but obviously I am not going to rescue him from the quicksand into which I pushed him. In the […]

A Government Propaganda Move That Makes "Operation Infinite Justice" Sound Sensitive

Taylor Conant passed this along. I don’t want to spoil it or steal Roderick Long’s thunder, since he had the best reaction. You will not believe what the Census Bureau came up with to encourage people to register.

"It Couldn’t Happen Here"

When Americans are shocked, shocked to wake up one day and realize they live in a police state, they really can’t say there were no signs. The below is apparently actually playing in a movie theater near you. (HT2LRC)

Final Thoughts On Boettke Et Al.’s Preferred Nomenclature

Whenever you get into Internet arguments it soon becomes apparent that your own comments sow confusion / hurt feelings / etc. because other people don’t understand where you are coming from. In my previous post regarding the decision of GMU’s Pete Boettke and the his co-bloggers to rename their site “Coordination Problem” instead of “The […]