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

October 15, 2011
  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.

Advertisements

Links for March 15, 2011: Backlog O’Links #1

February 13, 2011
  • One way to stimulate an economy is to get your foot off of it’s neck.

  • It is a crime, work? So I guess I’m a criminal. It is a crime to be working. lol.

  • I’m glad this point of view is getting out there. On one hand, I can see how the gold standard would constrain a growing economy. On the other hand, no, I don’t trust those people with the printing press.

  • Read the rest of this entry »

  • Links for January 24, 2011: Planet Money Compares Socialism and Libertarianism; When Is a Mural not a Mural?; SCOTUS Revisits “Knock and Announce”; others….

    January 23, 2011

    Thomas E. Woods, Jr.

  • Tom Woods | People Who Deserve to Be Better Known

    I knew one only one of the five on this list. I’m sure you will be reading more from them all here in no time. Thanks to Tom Woods for sharing, and I’m glad to pass it along!

  • http://public.npr.org/anon.npr-mp3/npr/blog/2010/09/20100917_blog_pmoney.mp3?_kip_ipx=1874937601-1295886944

    Nice talk with socialist economic professor Richard Wolff. If anyone out there could possibly convince me that socialism is the way to go, it would be a professor of economics who believes it. I don’t believe he makes his case here in this segment, but I’m sure it would be impossible to do so in such a small window time.

    Wolff seems to think that part of the problem with capitalism is that there is a conflict of interest between business leaders and laborers. Of course there is such a conflict, but in a world of scarce resources, there will always be conflicts of interest between producers and consumers. Everybody has an interest in producing less and consuming more, and that interest conflicts with everyone else’s interest to do the same. Abolishing capitalism will not alter this reality.

    Wolff advocates a more democratic workplace. He evidently wants rules of some kind that would limit the types of businesses that people are allowed to create. Only those businesses that allow workers the prescribed amount of say in the goings on of the business are to be permitted. Wolff does not say here whether he expects everyone to adhere to these rules voluntarily or if he has in mind some sort of enforcement apparatus. But here in our capitalist society, people are perfectly free to create democratic workplaces. The usually do not, because they want a certain amount of control over their own creations and they want to ensure adequate returns for themselves. If all these other rules are placed upon the act of starting a business, I’m sure you will see far fewer people willing to take the risk.

    Not that I’m entitled to the increased productivity the a capitalist societies, but why not freedom? Nobody forces one particular person to work for another particular person, and nobody should force business models that they find appealing on the entrepreneurs who are producing, innovating, and making things happen.

  • http://public.npr.org/anon.npr-mp3/npr/blog/2010/09/20100921_blog_pmpod.mp3?_kip_ipx=1614643902-1295887909

    Adam Davidson: I’m just trying to think how my life would be different [in a libertarian society].

    David Boaz: You would be much richer, you would be happier, you would be better looking, you would be taller.

    Adam Davidson: Would I be stronger?

    DB: Absolutely.

    AD: Could I eat fattening foods but somehow maintain a slim physique?

    DB: Yes, probably. … With faster economic growth, we’d have better technology. And we probably would have all these miracle fats that don’t put any weight on you.

    This is the promised Libertarian follow-up to the above discussion with a socialist. The exchange above, I’m sure, is a tongue-in-cheek jab at those who describe libertarians as utopian. Do not take it all literally, but we surely would at least have faster economic growth. It’s a shame that I feel like I have to explain this.  Read the rest of this entry »


  • Links for December 13, 2010. A little bit of raid, a little bit of Wikileaks, a little bit of fire.

    December 12, 2010

    Journalistically irresponsible photo of an unrelated SWAT team.

  • Dan Viets, Tebeau’s attorney, says the November 1 raid on Camp Zoe involved about 80 federal agents and they “didn’t find so much as a roach” on the property.”There were several dozen federal agents from all the alphabet soups — IRS, DEA, ATF — backed up by local cops who came onto the property with federal subpoenas,” Viets says. “They basically asked for business records, which they got.”

    The DEA and U.S. Attorney’s Office declined to comment on the specifics of the ongoing investigation.

    An official statement published on the Camp Zoe website says “one patron was arrested for previous warrants unrelated to Camp Zoe.” The message also says, “the same day the DEA seized all the money in the Camp Zoe bank account — which included most of the gate receipts for the Spookstock 9 weekend. This money was to be used to pay staff, artists, security, production (lights & sound), trash pickup, etc. for the festival weekend. It was also to be used for the basic bills for Camp Zoe to get the business through the winter.”

    Grand theft campground. Absolutely abominable. Those who do not speak out against the War on Drugs tacitly support this. On a lighter note, I used to listen to a podcasted radio program hosted by Dan Viets out of KOPN Columbia, Missourim, called Sex, Drugs, and Civil Liberties. It does not seem to have podcasted since last July, but man it was great. Dan, you are an inspiration.

  • Is the violence drug related, or prohibition related? It is tough to tell from the article….

  • New chaiman of the House monetary policy subcommittee.

  • Rep. Ron Paul, Chairman, Domestic Monetary Policy Subcommittee

    Jurisdiction: Domestic monetary policy, currency, precious metals, valuation of the dollar, economic stabilization, defense production, commodity prices, financial aid to commerce and industry

    Oh yeah! Bring it!

    Read the rest of this entry »


  • Links for July 19, 2010: To Stimulate or Not To Stimulate; What Police Can Do; much, much more….

    July 18, 2010

      Paul Krugman: Boost aggregate demand! Muahahaha!!!

    1. It’s good to hear Krugman speak and respond to questions. The thrust of this discussion is that the opposition to the stimulus is a visceral reaction, not an intelligent one. Although some guests early on questioned the empirical efficacy of the stimulus, we did really not hear from any Thomas E. Woodses or any Peter Schiffs who maintained, in quite an intellectual fashion, that the stimulus is simply bad economic policy. Krugman remarks toward the end that he doesn’t see stimulus jobs as “makework” jobs. I do not understand how this position can be honestly defended alongside the position that we now need government to “boost aggregate demand”, i.e. create demand where none existed before. What is the purpose of the stimulus if it is not to “make work”? If these were not “makework” jobs, we would do them anyway. We would not need an economic crisis as a pretense for passing $700 billion spending bills. For a response to the assertion that Roosevelt’s slashing of the deficits caused a recession in 1937, see this. For a response to the assertion that World War II spending lifted the U.S. economy out of the depression, listen here, starting at 32:17.  Read the rest of this entry »


    Links for July 12, 2010: Is the Energy Star Program a Rubber Stamp?; Much Ado About the Economy, Economics; Much, Much More!

    July 11, 2010
    1. The Government Accountability Office tested the government’s Energy Star program with phony products and found it essentially to be a rubber stamp–except that only 15 of 20 products were accepted and two were rejected.  I wish they’d explained the rejections in a little more detail.

    2. Every time a libertarian stays in the closet, an angel gets its wings ripped off.

    3. We need you out here!!! I highly recommend listening to Mises.org podcasts and watching Reason.tv. After a while, you’ll come to realize that you have ready responses to every statist argument that comes down the tube.  Also, take Christopher Hitchens’s sage advice to heart.

    4. “The Conscience of a Liberal”: Calling your opponent “bizarre” and “crazy” = Checkmate!!! See full ThinkMarkets.wordpress.com response hereRead the rest of this entry »


    Links for February 21, 2010: Colorado Residents Must Register With Local Government Before Spending over $200 on Political Speech, Nick Gillespie and Lawrence Lessig on Citizens United, Ron Paul Wins CPAC, others….

    February 25, 2010
    1. Institute for Justice: Litigating for Liberty | Karen Sampson & Free Speech

      Campaign finance laws like this one ensure that ONLY the rich have a voice in political campaigns. Read the rest of this entry »