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"By Our Powers Combined…"

Newcomers to Austrian economics often ask me about the Great Schism. Here’s the short version: Almost a century ago, a dark wizard swept through the economics profession, mesmerizing almost all who came within earshot of his siren song. He and his apprentices–most notably Darth Samuelson–hunted down and exterminated almost all of the practitioners of the […]

The Core of What Economics Teaches

Tom Woods alerted me to this. I am embedding it below to get you hooked, but if and when you decide, “Dangit I have to listen to the whole half hour!” then you should click on it and watch it in High Quality widescreen. This is a very different speech from the kind I normally […]

Must…Stop…Reading…Blogs…on…ClimateGate

OK I really need to get back to my paying jobs… But here are two more ClimateGate posts to throw into the mix. (Both links come from ClimateDepot, which admittedly is the Drudge Report of global warming skepticism.) * First you’ve got this minor IPCC contributing author arguing that big guns Michael Mann, Phil Jones, […]

Talk About Making Your Boss Look Good!

Former Bush spokesperson Dana Perino may have exaggerated a bit when discussing the administration’s success in keeping America safe from terrorism (HT2 Media Matters):

Hamilton vs. Krugman

It’s Econbrowser in a cage match with Conscience of a Liberal. I don’t have the energy to referee this one. The topic is whether we should be worried about the government’s fiscal situation. Noteworthy is that Hamilton alludes to Krugman’s 2003 worries about the deficit, and Krugman responds.* * And no, the response wasn’t, “I […]

WSJ Catches Up to Murphy

George Melloan points out that interventions into the financial sector have squeezed lending to small businesses and other non-politically-connected businesses. (HT2JOD) You heard it from me first on Kudlow’s show, where I was dismissed as a crank (not by Kudlow). Thanks to the eagle-eyed von Pepe for digging up the CNBC video, as the YouTube […]

Yet More on ClimateGate

Wow this stuff just gets worse and worse. Let me clarify two things before proceeding: 1) I personally have no problem whatsoever with the guy who said he wanted to beat the cr** out of Pat Michaels (besides my pacifism). That alone didn’t faze me at all; of course academics are going to get feisty […]

Yet More on the CRU "Hack"

* Gavin Schmidt (climate modeler for NASA) has done a good job providing his version of events, and he tries to defuse the most “shocking” emails here. * CEI is threatening a lawsuit if Schmidt’s employer (NASA’s Goddard Institute for Space Studies, or GISS) doesn’t comply with some FOIA requests. The one part I found […]