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	<title>The Beacon</title>
	<link>http://blog.independent.org</link>
	<description>The Blog of The Independent Institute</description>
	<lastBuildDate>Wed, 16 May 2012 04:27:09 +0000</lastBuildDate>
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		<title>Krugman&#8217;s Mythology of U.S. Banking History</title>
		<description><![CDATA[Do the banking panics of the late 19th century prove that a safe and sound financial system requires government oversight of banks? Paul Krugman (and most every pundit) seems to think so. In his New York Times column of May 13, he writes: “Current right-wing mythology has it that bad banking is always the...<br /><a href="http://blog.independent.org/2012/05/15/krugmans-mythology-of-u-s-banking-history/">Read More &#187;</a>]]></description>
		<link>http://blog.independent.org/2012/05/15/krugmans-mythology-of-u-s-banking-history/</link>
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		<title>The Property Tax Panacea</title>
		<description><![CDATA[One of the biggest targets of liberal acrimony in California is Proposition 13, the 1978 ballot initiative that capped property taxes at 1% and requires 2/3 of legislative approval to increase most tax rates. It also caps the reassessment of real estate value by 2% per year, barring new construction or a change in...<br /><a href="http://blog.independent.org/2012/05/15/the-property-tax-panacea/">Read More &#187;</a>]]></description>
		<link>http://blog.independent.org/2012/05/15/the-property-tax-panacea/</link>
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		<title>California&#8217;s Budget Woes</title>
		<description><![CDATA[California&#8217;s state budget is now facing a $16 billion shortfall, much larger than it appeared in a January forecast. In a recent post I compared California&#8217;s recent budget growth with Florida&#8217;s, and noted that while California&#8217;s budget has grown by 5.6% since 2006, Florida&#8217;s state budget shrank by 5.3%. If California&#8217;s budget shrank during...<br /><a href="http://blog.independent.org/2012/05/12/californias-budget-woes/">Read More &#187;</a>]]></description>
		<link>http://blog.independent.org/2012/05/12/californias-budget-woes/</link>
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		<title>Economists Testify on Federal Reserve Before House Committee Chaired by Ron Paul</title>
		<description><![CDATA[On May 8th, five economists, including our Research Fellow Peter Klein, appeared in testimony before the U.S. House Committee on Financial Services Domestic Monetary Policy and Technology Subcommittee, chaired by Congressman Ron Paul. The panelists included two economists from the Austrian School, two Keynesians, and one monetarist: Peter G. Klein, Research Fellow, The Independent...<br /><a href="http://blog.independent.org/2012/05/09/economists-testify-on-the-federal-reserve-before-house-panel-chaired-by-ron-paul/">Read More &#187;</a>]]></description>
		<link>http://blog.independent.org/2012/05/09/economists-testify-on-the-federal-reserve-before-house-panel-chaired-by-ron-paul/</link>
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		<title>Water and Markets Flow Together in Aquanomics</title>
		<description><![CDATA[Water shortages and poor water quality are looming threats in many developing countries. By contrast, water supplies and water quality have increased in much of the United States due to a specific policy innovation: water markets and market-like exchanges. The growing participation of wildlife agencies and conservationists in water markets and exchanges is especially...<br /><a href="http://blog.independent.org/2012/05/09/water-and-markets-flow-together-in-aquanomics/">Read More &#187;</a>]]></description>
		<link>http://blog.independent.org/2012/05/09/water-and-markets-flow-together-in-aquanomics/</link>
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		<title>Surprise, Surprise</title>
		<description><![CDATA[When over the weekend the media began breathlessly repeating claims from unnamed intelligence officials that the CIA had foiled a deadly terrorist plot, I immediately suspected this would turn out like all the other cases, in which the episode is at least partly manufactured by some intelligence agency then used to demonstrate the need...<br /><a href="http://blog.independent.org/2012/05/09/surprise-surprise/">Read More &#187;</a>]]></description>
		<link>http://blog.independent.org/2012/05/09/surprise-surprise/</link>
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		<title>TSA&#8217;s Total Stupidity Agency Enters the Life-threatening Realm</title>
		<description><![CDATA[It&#8217;s not enough, apparently, that the TSA has a well-established record for humiliating, degrading, stealing from, bullying, and terrifying the traveling public. Its agents&#8217; arrogance is now moving into the realm of actually life-threatening. A Type-1 diabetic teen&#8217;s insulin pump was broken by a TSA scanner, despite her showing a TSA agent her pump...<br /><a href="http://blog.independent.org/2012/05/08/tsas-total-stupidity-agency-enters-the-life-threatening-realm/">Read More &#187;</a>]]></description>
		<link>http://blog.independent.org/2012/05/08/tsas-total-stupidity-agency-enters-the-life-threatening-realm/</link>
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		<title>Happy Birthday, F. A. Hayek</title>
		<description><![CDATA[Born May 8, 1899, F. A. Hayek made landmark contributions to more subjects than most social scientists are even conversant in: economic theory, social-science methodology, political and legal theory, intellectual history—he had something valuable to say about all of these and more. Because so many great pieces about Hayek’s life and work have been...<br /><a href="http://blog.independent.org/2012/05/08/happy-birthday-f-a-hayek/">Read More &#187;</a>]]></description>
		<link>http://blog.independent.org/2012/05/08/happy-birthday-f-a-hayek/</link>
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