Today, we in the United States celebrate our day of independence from the distant, taxing tyranny of Great Britain and it’s imperial monarchy. Our founding fathers, libertarian radicals all, were not patriotic to their government. Indeed, they declared ...
My friend and partner in econ video production, Russ Roberts, has an excellent piece in today’s Wall Street Journal on why he believes (as do I) that Friedrich Hayek is making a comeback. This article is a must-read primer for the key concepts and contributions of Hayek ...
A thoughtful and clearly well studied user that goes by “VA Classical Liberal” over at the Daily Kos has produced an utterly splendid expansion and explanation of “Fear the Boom and Bust” that should be required reading for anyone interested in the video and the ideas contained therein. After a first read ...
Thomas Geoghegan complains in the NY Times about the allegedly “unconstitutional” senate filibuster and its role in holding up the healthcare bill: But the Senate, as it now operates, really has become unconstitutional: as we saw during the recent health care debacle, a 60-vote majority is required to overcome a filibuster and pass any contested bill. ...
An economic juggernaut has died today. He’s a man of whom I know little personally, but whose influence on economics, the social sciences and the world of politics and policy has been significant. From the NY Times: Paul A. Samuelson, the first American Nobel laureate in economics and the ...
The Cato Institute’s David Boaz has an excellent article about the “brain-dead conservative” movement. It’s a worthwhile read. Here’s the best two quotes in the piece from (and about) a personal intellectual hero, Friedrich A. Hayek. Hayek insisted that he was not a conservative: "Conservatism, though a necessary element ...
(note: excuse my mis-pronunciation of Jan Hatzius.) Paul Krugman believes that "Deficits saved the world". I'm going to endeavor here to explain why he thinks this (since his explanation is incomplete in this ...
If you want an outstanding primer on the philosophic underpinnings of "rule of law" and a brief history of its trials and tribulations in the United States, check out the latest Econtalk with Russ Roberts: Epstein on the Rule of Law This is an exceptional interview from my ...
How much different is this... Todd Krainin for The New York Times From this... picture via Reuters The first image is of a troop of American "Explorers", a division of the boy scouts, ...
