31 July Roundup

Jo Nova’s Weekend Australian column calling for proper investigation of claims about climate change.

Teams of professionals have searched high and low for any possible hint that CO2 poses a threat, and that is all very well, but no one has been paid to find otherwise. CO2 has been convicted without a defence lawyer.

Stephen Hicks links to letters from von Mises and Rothbard to Ayn Rand.

I am full  of admiration for your  masterful construction of the plot. But Atlas Shrugged is not merely a novel. It is also a cogent analysis of the evils that plague our society. (LvM)

I will start by saying that all of us in the ‘Circle Bastiat’ are convinced that Atlas Shruged is the greatest novel ever written. (MR)

Mario Rizzo, classical liberal and Austrian economist on the US crisis.

The radical classical liberal realizes that the government keeps expanding over the long run and that the ordinary politics of compromise has not changed the fundamental course. We now have a moment of truth or perhaps simply of anxiety. This can be used to “force” the system toward real change. The danger, of course, is that the debt ceiling won’t rise in time. In time for what?

First, the debt servicing costs (interest payment) will be prioritized and so the US government will not default on its debt. Other expenditures would eventually have to be cut in perhaps an arbitrary and disorganized way. Hospitals and doctors will have to wait for payment.  Perhaps Social Security benefit checks would go out with less than the full amount. If we are in luck payment the US will cut off its contributions to the NATO Libya operation, and so forth.

Tim Blair, may be homeless following bad call on the Melbourne vs Geelong game. Suggested putting the rent money on the mighty Demons at long odds. Looking forward to Melbourne vs The Bye after Port failed.

Tim on the double standards of the lefties. Cake art gives offence but Howard pinatas are fine.

Councils need compensation for the impact of the Green Police State Tax. Helping to make  housing more affordable.

What can we learn about human cooperation from the animal world? Not much but an interesting thread.

Peter Klein on “What do universities produce?” And how are they rated in the marketplace?

So, its a bit of a puzzle to me why the liberal arts colleges don’t have a larger market share. Why do the big “research” schools maintain their prestige attraction when they cost so much and produce such low quality teaching? Maybe its a kind of screening effect — the job market rewards students who graduate from prestigious schools so good students tend to go there and the teaching is irrelevant — a network effect.

Visual commentary on the News of the World meltdown.

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