Yo-Yo Economics?

Authored by Walter Block, originally posted at Austrian Economics and Liberty blog, The Creation of Jobs If the media tell us that “the opening of XYZ mill has created 1,000 new jobs,” we give a cheer. When the ABC company closes and 500 jobs are lost, we’re sad. The politician who can provide a subsidy to save ABC is almost assured of widespread public support for his work in preserving jobs.

|Peter Boettke| Carol Graham has a recent opinion article "America's Broken Dream" which hones in on the status of economic opportunity in the US economy.  She argues that:

The study by business property experts LondonOffices.com, asked 420 workers to cite the time they felt they were at their least productive. The average time was then taken. Workers claimed around this time they suffered from a post lunch lull but said a strong coffee or bar of chocolate often got them on the move again. Some confessed to using this time to check their social media profiles whilst other said it was when they started planning their evening’s activities.

Both Obama and Geithner chimed in on the debt ceiling today. Obama gave a press conference. Geithner sent a letter to Congress.

|Peter Boettke|

Elizabeth Anderson: Tom Paine and Social Insurance Elizabeth Anderson on Gracchus Babeuf:

It’s a sign of the times that a reputable economist, Dean Baker, can use the word “corruption” in the headline of an article describing two major trade deals under negotiation and no one bats an eye.

Here's an excerpt from Jonah Goldberg's cover story in the current issue of National Review, "The Tyranny of Clichés," based on his new book with the same title (emphasis added):