Michael Giberson The KP Texas office is alive and functional, I am relieved to discover, just recently emerged from the end of semester rush and not yet enveloped in the holiday rush. So I’ll try to rediscover my internet legs, re-raise the Jolly Blogger flag, and set sail in search of curious, erroneous, surprising or …
The KP Chicago contingent is still on vacation, barely recovered from the end-of-term rush and grading, and the KP Texas contingent is still head-down-pen-moving over the aforementioned grading; thus the relative calm here. In the interim, I cannot recommend highly enough David Henderson’s recounting of his talk at Occupy Monterey. David’s notes contain substantive and …
Yesterday was the anniversary of the original signing of the Bill of Rights to the U.S. Constitution. Congress commemorated that birthday by passing the National Defense Authorization Act, which still leaves interpretive room for detention of U.S. citizens without due process even after the word smithing that left President Obama the executive power he wants, …
Happy Birthday, Bill of Rights; You Will Be Missed Read More »
Lynne Kiesling Steve Horwitz’s column in The Freeman today is a great explication of why the phrase “market failure” is so problematic, and so often misused and abused in public policy analysis when employed to criticize market outcomes. Steve does a good job of explaining the origins of the phrase in the standard textbook case …
Lynne Kiesling Have you been paying attention to the National Defense Authorization Act (NDAA) that the Senate passed last week? I don’t blame you if you have not heard much about it, since most media have not been covering it. In addition to military expenditure authorization, it includes controversial provisions about the detention of terror …
The Defense Authorization Act and Unlawful Detention Read More »
Lynne Kiesling Alex Tabarrok has an excellent post this morning at Marginal Revolution: David Warsh and Paul Krugman try to write Hayek out of the history of macroeconomics. … It is true that many of Hayek’s specific ideas about business cycles vanished from the mainstream discussion under the Keynesian juggernaut but what Krugman and Warsh miss is that …
Michael Giberson Russel Smith thinks we should use government power to limit natural gas production in order to boost gas prices. Why? Because he is the executive director of the Texas Renewable Energy Industries Association and cheap and plentiful gas is cutting into the business opportunities of renewable energy companies. “The price is so low, there’s so much …
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