Browsing All Posts published on »June, 2013«

Market uncertainty w/end of QE proof of central claim of Austrian Business Cycle Theory

June 28, 2013 by


Many critics of Austrian economic theory on the causes of business cycles suggest that the lack of significant CPI-based inflation shows the Austrians are all wrong.  Yet, as I have argued earlier, CPI inflation is NOT what Austrians are concerned with.  Rather the central banks artificially lowering interest rates leads to malinvestment and a distortion […]

More Broken Windows–IMF says Climate Change Will Create Jobs!

June 27, 2013 by


Over on the DC publication The Hill, we find that the head of the IMF suggests climate change is the new growth engine for jobs! Christine Lagarde, the managing director of the International Monetary Fund, said Thursday that climate change will drive job creation.  “Climate change will create jobs. It will create disasters before it […]

Federalism as Instrument for Tolerance

June 27, 2013 by


Last week I was able to go to Acton University and experience a great intellectual exploration of the intersection of faith and markets.  One of the best features was the diversity of the participants; we had ~850 participants from 85 countries!  Most were Christians (Protestant, Catholic or Orthodox), although I enjoyed one dinner while talking […]

DOMA and Domesticity: The Supreme Court’s Confusion

June 26, 2013 by


The long-awaited Supreme Court decisions concerning the right to homosexual marriage under California’s Proposition 8 and the receipt of federal benefits under the Defense of Marriage Act, have now been issued.  I have not yet read the decisions in their entirety, but I will hazard a few comments for the present. First on Defense of […]

More Hot Air–President Obama on reducing Global Warming via Executive Orders

June 26, 2013 by


Yesterday President Obama announced he is not going to be hindered by lack of congressional action on Global Warming; he’ll use Executive Orders to implement his vision, since Mr. Obama avers that “We don’t have time for a meeting of the Flat Earth Society.” The WSJ has a nice editorial on this today, noting that […]

World War Zzzzzzzz

June 24, 2013 by


I have to be honest with you–I have a thing for zombies. I think our current fascination with zombies reveals a good bit about our culture. Zombies are the perfect monsters for our age. They maintain a residue of humanity, which makes them recognizable and relatable, though they are inhuman enough for us to enjoy […]

Kevin Williamson Nails the NSA Problems

June 18, 2013 by


Kevin Williamson, roving correspondent for National Review, has written an important column on the relationship between the federal government and its citizens. Essentially, he argues, that the NSA’s actions have eroded trust. Essentially, a limited government has a deeper reservoir of trust and should be able to target resources more efficiently into activities like spying […]