Tyler Cowen on Twitter this morning claims that Hayek's theory are better at explaining fiscal policy rather than monetary policy. This claim intrigues me.
For one I think as Hayek ultimately concluded efforts to tie the monetary authorities hands with a monetary rule don't work, and they don't work because of the fiscal appetite of the state. But in that sense Hayek's monetary and fiscal policy analysis work together. So in what sense is Tyler arguing that one is superior to the other?
Aaron Swartz, the Highland Park-raised advocate for Internet openness, took his own life Friday under the shadow of a federal prosecution for allegedly downloading nearly 5 million academic journal articles without authorization. But with his death, his cause has gained new momentum.
Facebook has launched its first TV ads to promote its non-profit Internet.org initiative, which aims to offer affordable or free internet access within developing countries that are currently not online.
A group of popular websites that rely on speedy Internet service — including Netflix, Vimeo and Reddit — will launch an online protest Wednesday against controversial proposed changes to “net neutrality.”