These are the concluding paragraphs of Bill’s op-ed in the Washington Times. Enjoy! “The truth is: It is not government’s function to create jobs. Putting people to work is easy, as demonstrated by Franklin D. Roosevelt’s Depression-era Works Progress Administration (WPA), more accurately known as “WPA: We Piddle Around.” The bigger challenge is to create…
By Donald J. Boudreaux Business & Media Institute 1/20/2009 10:52:07 AM Editor, The Wall Street Journal 200 Liberty Street New York, NY 10281 To the Editor: You report that Barack Obama will call for “a new era of responsibility” (“Obama to Call for a New Era of Responsibility,” Jan. 20). His actions belie his words.…
“There are, though, many especially those greedy for renown and glory, who steal from one group the very money they lavish upon another. They think that they will appear beneficent towards their friends if they enrich them by any method whatsoever. But that is so far from being a duty that in fact nothing could…
This is a post from Cafe Hayek demonstrating a the results of the debate. The post has before and statistics from the poll that lead to some interesting conclusions… http://cafehayek.typepad.com/hayek/2009/01/winning-the-debate.html
A group of researchers using sonar to find shipwrecks on the bottom of Lake Michigan have found something far older than crashed cargo ships. They believe they’ve found a 10-thousand-year-old stone structure like Stonehenge, including a rock carved with the image of a mastodon. io9 pal Geoff Manaugh reports over at BLDG BLOG that the…
world of permitted greed and excess Hmmm. Well, a damper needs to be put on that. We can’t have humans pursuing self interest, can we?
Arnold Kling channels Hayek on the stimulus plan. Lots of insight. An excerpt: How many people will have meaningful input in determining the overall allocation of the billion stimulus? 10? 20? It won’t be more than 1000. These people–let’s say that in the end 500 technocrats will play a meaningful role in writing the bill–will…
By: Isaac M. Morehouse Morehouse, Less Government Posted on January 8, 2009 An article I wrote posted today on Mises.org: It is a great irony that prosperity affords posterity the luxury of forgetting its origins. Though not a hard-and-fast rule of societal evolution, generations who grow up wealthy often lack respect for or understanding of…
Peter Boettke, of George Mason University, talks with EconTalk host Russ Roberts about the Austrian perspective on business cycles, monetary policy and the current state of the economy. Click here then click “Play”
There was $29 billion for Bear Stearns, $345 billion for Citigroup. The Federal Reserve put up $600 billion to guarantee money market deposits. All told, the price tag so far: $7.2 trillion. Now comes President-elect Barack Obama’s economic stimulus plan. The bill is getting awfully close to $8 trillion. Text and photo from cnn.com
Trying Liberty 