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Friedrich Hayek and John Maynard Keynes, battling. Seems to me that Hayek is having words put in his mouth—just like Marx gets credit for every leftist dissent of the past century and a half, Hayek sometimes gets credit for free-market ideas that he didn’t originate (and in some cases wouldn’t have supported). Still: It’s Friedrich […] Or at least, one Leo Johnson, partner for sustainability and climate change at PWC. At the end of an article in the WSJ–an article that’s mainly about corporations finding excruciating new euphemisms for “we’re cutting our social responsibility budgets because we can”–comes Johnson’s flash of honesty: “If governments provide a strong legal framework that aligns […] Here. The basic points for those who don’t want to click: You’re right to be angry. You’re being screwed. The people screwing you are the very ones telling you to get angry at the socialists in Washington. As long as you listen to them, you’re going to continue to be screwed. As with many economic […] This is from a Senate staffer. Spot-on, as far as I can tell. Unfortunately, in this case “putting things in perspective” means “getting even more depressed about them.” I’m a pretty big fan of Cracked.com. I’d go as far as to say it’s the generation-that-should-get-off-my-lawn’s version of Mad Magazine–funny (usually), often wickedly subversive, and done in an irreverent style that disguises what’s often really good information (even obscure scholarship). And I’m all for providing serious information in an irreverent package. Anyway, today’s article, […] NOTE: This post has some serious inaccuracies and overwroughtness; I’ll be altering it in the next couple of days. There’s some buzz about a new study in the International Journal of Biological Sciences, which states that the studies Monsanto used to justify the use of three varieties of genetically modified corn are flawed. Thing is, […] It’s hard to see how the Haitian earthquake could be worse–a powerful quake, close to the surface, striking right in a densely populated area. But this is even harsher than what you might think: I did some freelance aid work in India after the 2004 tsunami, and the devastation was very much proportional to the […] Well, if you’ve ever wondered what happens to plastic, this is what happens. I should probably write about the economic concepts this illustrates, like externalities and bla bla bla, but really, I’ll shut up so you can go look at the pictures. Okay, one more thing: bottle tops are like half the volume of plastic […] Here’s a slideshow interspersing pictures of the Great Depression with pictures of the crisis today. Worth a look. The most gratifying part of paying attention to the economy is watching, at the end of every bubble, almost as a natural part of the financial cycle, the predictable spate of arrests. There’s Madoff, of course, but his Ponzi scheme seems to have been a one-off (unless you think the whole stock market is a […] |
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