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:

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

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.

|Peter Boettke|

U.S. Secretary of Commerce Penny Pritzker and Deputy National Security Advisor for International Economic Affairs Caroline Atkinson today announced the U.S. private sector members who will serve the next term on the U.S.-Brazil CEO Forum. The Forum will meet during the State visit of Brazilian President Dilma Rousseff to Washington, D.C., in October and will provide joint recommendations to both presidents on opportunities to advance the U.S.-Brazil bilateral relationship. Pritzker and Atkinson will co-chair the ninth meeting of the CEO Forum along with Brazilian Presidential Chief of Staff Minister Gleisi Hoffmann and Minister of Development, Industry and Foreign Trade Fernando Pimentel.  “During his recent trip to Brazil, Vice President Biden asked what the United States and Brazil can do together. The U.S.-Brazil CEO Forum seeks to answer that question through a public-private dialogue in which business leaders from the United States and Brazil make recommendations to the highest levels of our respective governments about the future of our bilateral economic and commercial relationship,” said Secretary Pritzker. “I am looking forward to meeting the new and returning CEOs along with both Ministers Pimentel and Hoffmann and Deputy National Security Advisor Atkinson to discuss issues of mutual interest.”  The Forum has had success opening discussions between the United States and Brazilian governments on a number of important issues, including visa reform, aviation, and education, and was instrumental in concluding the recent U.S.-Brazil Tax Information Exchange Agreement.

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

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):