David Brooks, in this provocative critique of Republican Libertarianism, uses the insights of Hayek without mentioning him...
If John Maynard Keynes and F.A. Hayek got into a fight, who’d win? . . .
As part of his continuing series Making Sense of financial news, Paul Solman has a unique look at the legacy of economist John Maynard Keynes, who first introduced the concept of government intervention in the economy, and his countertenor Friedrich Hayek. . . .
Hoover fellow Russell Roberts is using rap music to make the dismal science far less dismal. By Charles Lindsey.
Classical liberals and libertarians, especially those who admire the works of the famous legal theorists and economist F.A. Hayek, are fond of pointing out that a free society requires the rule of law...
Brad DeLong mocks Steve Horwitz here for suggesting that the stimulus didn’t create jobs. . . .
I’m surprised it passed. . . .
David Leonhardt writes in the New York Times: Just look at the outside evaluations of the stimulus. . . .
There’s a debate going on in the punditsphere about whether America is ungovernable. . . .
The proposed budget is obscene enough. . . .
The taxpayers ended up paying the price, not the risk-takers. . . .
Michael Smith comments over at EconTalk on a comment by one Mark K:...
Here’s an amazing story from CNN because it’s so ordinary. . . .
Methinks1776, a valued commenter here at the Cafe points out the 2/3 of the American people opposed the health care legislation. . . .
A friend of mine expressed surprise the other day when I said I wasn't sure if the stock market would bounce back fairly quickly...
If creditors know they’ll be bailed out, aggressive investors borrow from them, leveraging their returns and paying themselves a lot of money along the way, justified by the short-term profits. . . .
Mark Steyn nails it (HT: Gary Schiff) in a piece on Greece and the path we’re on in the US. My favorite part: We hard-hearted, small-government guys are often damned as selfish types who care nothing for the general welfare. . . .
It has nothing to do with the bloated budget, the payoffs to political friends like the unions in bailing out Detroit and exempting them from health care taxes, the rising debt, the coddling of Wall Street, the stimulus package that didn’t stimulate, the grandiosity of redesigning the health care system and the energy sector. . . .
These are exciting though scary revolutionary times, akin to the constant acrimony in the fourth-century BC polis, mid-nineteenth century revolutionary Europe, or — perhaps in a geriatric replay — the 1960s. . . .
The roots of conservatism go back to philosophers of the 17 and 18th centuries, such as John Locke, David Hume, and Adam Smith...