Don Boudreaux at Cafe Hayek has posted a letter he sent to the WSJ today:
V. Nagarajan suggests that the financial turmoil on Wall Street combines with the fact that most winners of the Nobel Prize in Economic Science are Americans to reveal that economics is a discipline unworthy of Nobelity (Letters, September 30).
While some laureates [...]
I will be a guest on the Mandy Connell talk radio program tomorrow morning. Here’s a link to the site where you can listen live:
http://www.winknewsradio.com/
The stock market recovered 485 points of yesterday’s selloff. Why? I think it was because of the SEC annoucement regarding mark to market accounting, but it could also be anticipation that Congress will eventually pass something. Frankly, I don’t know and I don’t think it makes any difference. Whatever is done or not done, the [...]
A more worthy selection in today’s WSJ is this selection from Judy Shelton:
The world is not ending. Despite the wrenching turmoil in global financial markets and morbid allusions to the death throes of capitalism, it ain’t over. Not until people quit believing in themselves, not until people quit believing in a better future.
But the whimpering [...]
