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Archive for November, 2008
Another Economist Gets the Larry Summers Treatment

This time it’s our old friend Walter Block who, during a Q&A session after a lecture at Loyola College in Baltimore, suggested that part of the black-white and male-female wage gaps might be explained by differences in productivity. The reaction from the usual campus quarters was swift and sure, culminating in a public statement…
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Yes to Robert Higgs and No to Paul Krugman

I criticize Paul Krugman’s proposed hyper New Deal over at the blog of Historians Against the War. Please visit and comment.

Making Laws Free

http://www.reason.com/blog/show/128557.html Ignorance is no excuse for violating the law, but it will cost you big time if you want to read the laws passed by California. I spent the past several years navigating the corporate welfare swamp of copyright but this has to top it all. Laws were the one area that was always…
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As Crisis Deepens, Government Officials Are Speaking Gibberish

As the economic crisis worsens, public officials have resorted to ever more nonsensical statements to describe what they are doing or propose to do in response to it. The dollar is not the only currency that is depreciating; the medium of communication, the English language, is taking a beating, too. In a letter to…
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What Creeps These Members of Congress Be

Driving yesterday past the gasoline station where I usually buy fuel, I noticed that the price of the lowest grade of unleaded—the one I buy—was down to $2.09 per gallon. Registering this perception as a little piece of good news in an unhappy world, I drove on. Later, however, I began to mull over the…
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Audacity

According to an Associated Press report dated November 4, 2008: Michael Alix, who worked at Bear Stearns for 12 years and was its senior risk manager since 2006, was named a senior vice president in the bank supervision group of the Federal Reserve Bank of New York, according to an announcement by the Fed….
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Rahm Emanuel: Obama’s Hawkish Point Man

We should all continue to hope that Obama will be a peace president, but that does not mean that we should ignore the considerable evidence that indicates otherwise. For example, his new chief of staff, Rahm Emanuel, is very much from the hawkish wing of the Democratic Party. It was Emanuel who was instrumental…
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Cloture Rules: How Obama May Bring One-Party Rule to America

Consider the following: *An unpopular Republican president leaving office in the midst of an *Unpopular war and *Severe recession (or possibility of one) *Voters have swept Democrats into power *The mood is for change in how things are done in Washington, D.C. The year is not 2008, the president is not George W. Bush….
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The (Il)logic of Collective Action: Lessons from the 2008 Election

I have voted in three Presidential elections, and I have done so in three different states.  In none of the three elections did my vote have any bearing on the outcome of the election.  Bush would have won in 2000 and 2004 had I decided not to vote, and Obama would have won this…
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1933 Redux?

On the stock markets, corporate share prices have fallen precipitously. Unemployment is rising. Housing construction has declined greatly, and home builders are going bankrupt. Many homeowners are losing their homes to foreclosure or tax sale. Many banks and other financial firms are in trouble, and some have already gone under. Loans are harder to…
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