Archive for October 26th, 2011

The Euthanasia of the Saver »

In chapter 24 of The General Theory of Employment, Interest and Money, John Maynard Keynes laid out his screwball idea that capital might soon become, or be made to become, no longer scarce; hence no payment would have to be made to induce people to save, and that condition would be splendid inasmuch as it would…
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Ten Years of Trading Liberty for Security »

Ten years ago today, President Bush signed the Patriot Act into law. It passed with the support of all but 66 members of the House of Representatives and one Senator. We were told at the time that it was an absolutely necessary law to give federal intelligence and law enforcement authorities the tools they…
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