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with Hayek, as with Reagan, the truly amazing thing is that we have people citing as a source of wisdom someone who has been as thoroughly refuted by history as anyone can be. Three generations into the modern welfare state, and western democracies look less Stalinist than ever. Jack-booted Insurance-bringing Thugs

What Problem Are DC’s New Food Truck Regulations Trying To Solve?

What Problem Are DC’s New Food Truck Regulations Trying To Solve?

I know some people of a market urbanist persuasion take the view that trucks’ very existence is a sign of the failure of zoning codes and regulations, but I actually think trucks are an important lunch solution on the merits.

I would not be surprised if these regulations are being pushed by the fast food industry.

Boehner and Ryan admit we don’t have a debt crisis

Boehner and Ryan admit we don’t have a debt crisis

America owes this debt of gratitude to Boehner after he finally came clean on yesterday’s edition of ABC’s “This Week” and admitted that “we do not have an immediate debt crisis.” (His admission was followed up by Budget Committee Chairman Paul Ryan, who quickly echoed much the same sentiment on CBS’ “Face the Nation”).

So the are they crazy or stupid argument is answered with neither. They are just liars.

Prices out of Park Slope: America needs more filtering and less gentrification.

Prices out of Park Slope: America needs more filtering and less gentrification.

it’s still possible to step back from the distributive conflict, and say that as long as we’re parceling out a fixed supply of Park Slope someone is going to get stuck with that longer subway ride. But if you can actually make more Park Slope—either by building more houses there or improving the quality of subway access to other parts of Brooklyn—then you’re making progress on a more fundamental level.

Drones don’t target U.S. citizens. They kill them overseas as collateral damage.

Drones don’t target U.S. citizens. They kill them overseas as collateral damage.

For months, members of Congress have asked to see memos from Obama’s Office of Legal Counsel that outline the lawfulness of the administration’s targeting policies. The White House has been stonewalling them. Why? One reason may be that some of the memos are defective early drafts. The Times says that after Obama’s lawyers wrote their first memo, they discovered by reading a blog that they hadn’t taken into account a federal law that seemed to prohibit drone strikes on American citizens abroad.

Worth a read.

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When Europe began its infatuation with austerity, top officials dismissed concerns that slashing spending and raising taxes in depressed economies might deepen their depressions. On the contrary, they insisted, such policies would actually boost economies by inspiring confidence. But the confidence fairy was a no-show. Nations imposing harsh austerity suffered deep economic downturns; the harsher… Continue reading Untitled

Austerity. The best way to go from developed nation to emerging market.

Austerity. The best way to go from developed nation to emerging market.

A major fund manager has reclassified Greece from a developed to an emerging market, in an unprecedented move reflecting the “unfortunate economic tailspin” of the Greek economy, which has threatened the future of the euro.

Of course, the solution will be, More Austerity! It always is.