May 2009

Bonnie Kristian's picture
By Bonnie Kristian at 11:24PM

Defending the Austrian Business Cycle

Robert Murphy addresses Australian economist John Quiggin's recent critique of the Austrian theory of the business cycle on the Mises Daily blog, explaining the problems with the objections coming from Quiggin, who writes:
To sum up, although the Austrian School was at the forefront of business cycle theory in the 1920s, it hasn’t developed in any positive way since then.

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Jeff Hubbard's picture
By Jeffrey Hubbard at 7:57PM
Bonnie Kristian's picture
By Bonnie Kristian at 3:15AM
Bonnie Kristian's picture
By Bonnie Kristian at 1:04AM

Not <em>That</em> Special

I'm currently travelling abroad, and beginning to fall into the curious but perhaps not uncommon habit of finding Americans annoying.
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Jeff Hubbard's picture
By Jeffrey Hubbard at 8:14PM

Not Change

The Onion encapsulates the Obama Administration:

Obama Revises Campaign Promise Of 'Change' To 'Relatively Minor Readjustments In Certain Favorable Policy Areas'

WASHINGTON—In a slight shift from his campaign trail promise, President Obama announced Monday that his administration's message of "Change" has been modified to the somewhat more restrained slogan "Relatively Minor Readjustments in Certain Favorable Policy Areas." "Today, America

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Matt Fay's picture
By Matt Fay at 12:00AM

Olbermann and Ventura on Torture

Last night on MSNBC's "Countdown" with Keith Olbermann viewers were treated to the always entertaining (and often insightful) former governor of Minnesota, Jesse Ventura.  Ventura continues his principled stance on the issue of torture -- particularly opposing waterboarding, which he, himself, was subjected to as part of his training in the Navy SEALs. Olbermann, to his credit, has been fairly good about putting aside his Obama-sycophancy to push for investigations and prosecutions of Bush administration officials involved with approving torture.  In this interview, however, he onc
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Jeff Hubbard's picture
By Jeffrey Hubbard at 7:47PM

UW-Madison YAL Chapter

A special thanks to YAL member, Mike Phillips for the video.
John Floyd's picture
By John Floyd at 6:29PM

Back in the U.S.S.Czar

Obama is apparently going to create a "Cyber Czar." The new position comes from a compromise after a "turf war" between the National Security Council and the National Economic Council. Who would have thought that two government bureaucracies with such similarly constructed names would both believe themselves to be the sole arbiters of the affairs of the internets? From the Journal:

The moves come amid growing evidence that sophisticated overseas hackers are waging a widening assault on important U.S. networks. The Defense Department detected 360 million attempts to penetrate its networks last year, up from six million in 2006. The Pentagon alone has spent $100 million in the past six months repairing damage from cyberattacks.

Three hundred and sixty million attacks! That's 1.2 attacks for every American man, woman, and child! Luckily, the state seems to have been able to scrape together $100,000,000 for "repairing damage" caused by cyberterrorism. For the mathematically disinclined, that's $3.60 per attack. How many foreclosures could have been averted by bailing out bankrupt debtors were it not for this senseless campaign of cyberviolence?
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TJ Baurain's picture
By Thomas Baurain at 6:18AM

Freedom Watch 5/27/09

Another fantastic episode of "Freedom Watch" with host Judge Andrew Napolitano was posted on YouTube earlier today.
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Robert Bentley's picture
By Robert Bentley at 4:04AM

Is Waterboarding Torture?

In this video shot on Friday, after just 7 seconds of being waterboarded, Chicago talk host Mancow surrenders and recants his earlier view that waterboarding isn't torture: <embed type="application/x-shockwave-flash" wid
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