Thursday, February 10, 2011
Via Tyler Cowen, see this post on bank CEOs absconding with shareholders' wealth. I have been pointing out this sort of thing in papers, blog posts, and comments for some time. Contra some Austrian theorists who think that the business cycle is characterized by "mistakes" followed by "regrets" on the part of entrepreneurs, what we see in these actual cycles is "theft" followed by "skedaddling." Of course, the marks have regrets later -- they were the marks after all. But there is just no need to account for "systematic errors" on the part of entrepreneurs.
I was watching TV with someone the other day. The CIA was transporting a terrorist, and the flight they all were on were brought down. When...
Declares LewRockwell.com : "All of this means that while the government has been artificially propping up the economy and 'stimu...
Is shaping up nicely .
The language won't die, but that doesn't mean the programmers won't ! Funny quote: '"Just because a language is 50...