Robert Murphy on Krugman and iPhone 5 in The American Conservative. Check out all the Keynesian and Monetarist objections in the comments. Even a TAC columnist weighed in to defend government stimulus.
Walter Block also takes on Krugman’s iPhone follies, making the excellent point that what is basically Krugman’s “Obsolescent Window Fallacy” is essentially no different from The Broken Window Fallacy. Block also announces that he’s expanding his targets to not only include false friends of laissez-faire, but outright enemies (like Krugman) as well. A welcome development!
One area of bi-partisan agreement in America is protectionist China-bashing. And now, the Congress is using “security” as an excuse to try to push two major Chinese companies out of the American market. This direction is ominous. Never forget Bastiat’s warning that when goods don’t cross borders, armies will. Economic ties are bonds of peace. Break them at your peril.
Glenn Greenwald writes about the murderous sanctions on Iran. He asks the trenchant question:
…if “terrorism” means the use of violence aimed at civilians in order to induce political change from their government, what is it called when intense economic suffering is imposed on a civilian population in order to induce political change from their government?
In a side-note, Greenwald quotes a Pakistani who, protesting America’s Drone War, accurately states that, “The war on terror has become a war of terror.”
Justin Raimondo (who, like Greenwald, is a national treasure) gives us a very brief history of the neoconservative coterie.
Global warming, the food pyramid… establishment-fostered “consensuses” have been eroding everywhere. It seems that the same is true for the myths about higher education. Here’s a great piece in Yahoo News titled, “How to burst the college bubble: Stop pretending your alma mater matters“. (H/T Tom Woods)