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Cafe Hayek


It’s Not Sunlight at the End of the Tunnel that You See

The Cato Institute’s Dan “Bulldog” Mitchell discusses — in this short video — the fiscal train wreck called “health-care reform.“

Started in Cafe Hayek • 17 hours ago • 0 responses
Tags: health
Stop Those Foreigners from Giving Us Such Great Deals!!!

Here’s a letter that I sent to the Wall Street Journal: Peter Navarro asserts that “China mops up vast sums of export dollars through sterilization efforts that are tantamount to forced...

Started in Cafe Hayek • 1 day ago • 0 responses
Tags: myths and fallacies, trade
Disgusting

I know. This (HT: Drudge) is how “the system” works. I’m supposed to understand it. But I don’t. It’s a lousy system. On page 432 of the Reid bill, there is a section...

Started in Cafe Hayek • 1 day ago • 0 responses
Tags: politics
Wisdom from Arnold

Here. The narrative is more important than the facts. People like the narrative because it pleases them. Not because it’s true. Truth is elusive. But evidence and facts do matter. So when...

Started in Cafe Hayek • 1 day ago • 0 responses
Tags: the crisis
Taxes, Subsidies, and Distortions

In the current New Yorker, James Surowiecki is properly critical of the economic distortions introduced by taxing debt-financed income much more lightly than taxing equity-financed income. But his...

Started in Cafe Hayek • 1 day ago • 0 responses
Tags: myths and fallacies, subsidies, taxes
Yet More Meyerson Myths

Here’s a letter that I sent this morning to the Washington Post: Harold Meyerson is confused about U.S. trade with China (”A marriage made in China,” Nov. 18). As incontrovertible...

Started in Cafe Hayek • 3 days ago • 0 responses
Tags: balance of payments, myths and fallacies, trade
A Taxing Distortion

I’m attending now the 27th annual Cato Institute Monetary Conference. Just before the conference kicked off this morning at 9am (EST), The Economist’s Zanny Minton Beddoes suggested that...

Started in Cafe Hayek • 3 days ago • 0 responses
Tags: intervention, taxes
More Meyerson Myths

Here’s a letter that I sent yesterday to the Washington Post: Harold Meyerson’s discussion of U.S. trade with China is a buffet of errors (”A marriage made in China,” Nov....

Started in Cafe Hayek • 3 days ago • 0 responses
Tags: myths and fallacies, the economy, the hollow middle, trade
Gangster ‘Capitalism’

Here’s a letter that I sent yesterday to the Wall Street Journal: John Micetich argues that “if we add up the bailouts to all financial firms, we’re well over $1 trillion, at least...

Started in Cafe Hayek • 4 days ago • 0 responses
Tags: financial markets, myths and fallacies, other people's money, seen and unseen
Universal standards

There are advantage to universal standards. The most important is economies of scale–once you learn the standard, it applies everywhere. But the disadvantages are subtle and usually much...

Started in Cafe Hayek • 5 days ago • 0 responses
Tags: competition, complexity and emergence, uncategorized
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