Links for October 17, 2011: Protesters arrested for demonstrating inside of Citibank; Justice Scalia eschews federal drug prohibition; More economic myths.

  1. Well, this really happened (see video). The truth, however, did not stop such prominent blogs as Daily Kos and InfoWars from uncritically repeating the facially ridiculous claim that over twenty customers were arrested for nothing other then asking tellers to have their accounts closed. The blogosphere lit up in the meantime. By the end of the next day, two of my progressive friends on facebook had unquestioningly posted the fraudulent headline to their news feeds. Some people, it seems, will swallow, without a second thought, just about any accusation leveled against a corporation.

    Two days later, Daily Kos published the above clarification explaining exactly what happened inside the bank: a disruptive demonstration, and not an innocent series of business proposals. InfoWars, on the other hand is staying the course. It has published a new story called Big Banks Refuse To Let People Close Accounts, which not only reiterates the hideous libel, but alleges further that banks all across America are forbidding “people” (people who carry signs or bullhorns into the banks, that is) from closing their accounts. No shame.

  2. Come on, people. Let’s repeal federal drug laws and free up Scalia’s Wednesdays for golf. He needs it.

  3. Responding to each of Kevin Drum’s claims here will take a bit too long. I’ve begun a feature on this, which I hope to finish some time soon (I think I have three half-finished drafts cooking). Suffice to say here that Austrian economists have already presponded to these claims, and the Austrian presponses have been predictably ignored.

Posted from Diigo. The rest of my favorite links are here.

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