Tweet … is from page 277 of Historical Impromptus, a 2020 collection of some of Deirdre McCloskey’s work on economic history; this quotation, specifically, is from McCloskey’s March 10th, 1991, review, in the Chicago Tribune Book World, of Robert Reich’s The Work of Nations: We do not really know what the balance of trade is, nor does it matter. The post Quotation of the Day… appeared first on Cafe Hayek.
Gene Healy James Earl Carter, the 39th president of the United States, passed away Sunday at 100 years old. , American presidents are guaranteed at least two honeymoons: when they assume office, and when they assume room temperature. We typically send them off with embarrassing solemnity and reverence. Even Dick Nixon got a “national day of mourning,” while Jerry Ford—who only pardoned the bastard—got five days of ceremonies plus a full state funeral after a stop at the Abraham […]
In Judge Wendy Beetlestone’s opinion today in León v. Hanoch, the parties were attorney coworkers; León had been sexually involved with Hanoch’s friend Goodman, who was also a coworker. “Throughout the relationship, Goodman told Hanoch that León was stalking, threatening, and harassing her; that he was hazing her at work; and, that she was scared for her safety.” Here’s the court’s summary of the facts and procedural history: The instant lawsuit is based on events that occurred after […]
O Progresso É Réu do Pregresso
Mainstream economists are united against deflation, which they claim is the cause of recessions. Austrians know better, as they understand that deflation raises living standards and prevents destructive asset bubbles.
Attorney General Merrick Garland has released Volume I of Jack Smith’s report, which focuses on the January 6 prosecution of Trump. Smith addresses one of the lingering questions: why did he not charge Trump with violating the federal insurrection statute (18 U.S.C. § 2383). In early 2021, Seth Barrett Tillman and I wrote an article anticipating a prosecution based on Section 2283, but that case would never come. First, Smith explains that there was no clear definition under […]
Doug Bandow Peace was once the objective of American statesmen. Today, however, virtually everyone in Washington seems to favor war. So it is with the Russo–Ukrainian conflict. Donald Trump’s desire to end the fighting has caused barely suppressed horror. , Unfortunately, if, as rumored, he hopes to achieve peace by threatening Russia with a massive increase in aid to Kiev, his effort is bound to fail. More support won’t remedy Ukraine’s greatest weakness: manpower. More money would, however, […]
Pituffik Space Base, formerly known as Thule Air Base, is one of the loneliest U.S. military assignments in the world. Built on Arctic permafrost, the base hosts 200 troops in Greenland’s far north. Its closest neighbor is 75 miles away, a small town called Qaanaaq, population 646. Not that it matters, since the only ways in or out of the base are military flights and a ship that visits once a year. “You can go to the bowling […]
