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Sasha Volokh on libertarian belief

There is an intriguing post on the Volokh Conspiracy that puts forth some beliefs and helps (in my view) to show some of the diversity in the libertarian ecosystem, and is titled "What are libertarians against?" Read more »

Housing valuation

Arnold Kling has an interesting post up on how to determine the economic cost of renting vs. buying, which has implications for whether or not the housing market's bubble is about to burst. Read more »

Price, conservation, and natural gas

Lynne Kiesling illustrates an important general point about prices in the particular case of the coming 'natural gas crisis'. On her blog, she posts the conclusion to her TCS article on the subject, which is spot-on (so I'll shamelessly lift the whole blog post, emphasis mine): Read more »

Gephardt Agonistes

Gephardt's ill-advised declaration that he'd overturn Supreme Court decisions he didn't like seems to be dogging him, and with his latest statements we get a glimpse into his inner struggle between wanting people to only think he's a fool, and his unconscious desire to open his mouth and remove all doubt.

Eugene Volokh compares what he said then with what he's saying now, concluding: Read more »

Cheap money

Water, water everywhere

and all the boards did shrink,

Water, water everywhere

nor any drop to drink

- Rime of the Ancient Mariner, Samuel Taylor Coleridge

In this case money, money everywhere and the economy did shrink. Inflation is a powerful drug and Alan Greenspan and the rest of our masters are serious addicts. The party is over. We are feeling the hangover. It will be a bit before we can party, or even function normally again. Read more »

Nukes in a free society

In Perry's attempt to meme-hack the term 'social individualist' into the political lexicon, he makes an important point about legal documents and their relationship to rights. He correctly points out that rights are objectively inherent to the individual as a consequence of his nature as a human being. In any free society, individuals should be allowed to pursue their self-defined ends, and this framework gives rise to the concept of rights - barriers against outside coercion which allow them to pursue their ends. Read more »

The ecology of Open-Source software development

(via Calpundit)

Continuing our discussion on Open Source, I came across a study by Kieran Healy and Alan Shussman that studied a wide array of open-source software projects to get a picture of how many people are working on any given project, and what the organizational aspects were. The abstract of the paper reports: Read more »

Two laws of justice

Richard Maybury writes about the two 'higher laws' of justice [via David Farrer's comment in a Samizdata comment thread]:

The first law is, do all you have agreed to do.

The second is, do not encroach on other persons or their property.

That about covers it.

Paul on Greenspan's follies

Representative Ron Paul's (R-TX) latest column is critical of Alan Greenspan's easy money policies and lack of congressional accountability. [via Bill St. Clair] Read more »

Fed intentionally blowing bubbles

(via Prestopundit)

The current flood of cheap and easy money into the marketplace is causing asset price inflation (again), and the Fed is doing so consciously in its efforts to stop dreaded deflation. Read more »