My friend Gavin not only orks cows, he also dispenses wisdom. Tell him you want free high quality education for everyone, he'll reply that he wants free high quality education for everyone and a pony.

So you want free health care? I want free health care and a pony. You want higher minimum wages? I want higher minimum wages and a ponyYou want to ( Read more... )

One of the first thing that any so-called "macro-economist ( Read more... )

Is it possible that Political Power be used in the interest of Liberty? Yes, sometimes it just does happen. Does that imply that on the whole, Political Power is good? Nope. But before you may reply to this kind of question, you have to be familiar with economic reasoning, as opposed to accounting fallaciesThen you will understand that before it ( Read more... )

J'interromps vos programmes habituels pour vous rappeler qu'aujourd'hui, nous commémorons la façon dont l'Etat nous protège de la mort violente par des criminels. Dieu-L'Etat notre sauveur. C'est clair, sans l'Etat, ce serait l'anarchie.

Since several friends did recommend this movie, including David Madore, and despite the gripes of Lew Rockwell, I went to watch I, Robot this weekend with my cousin ( Read more... )

I am relieved to announce the release of Economic Reasoning vs Accounting Fallacies -- The Case of "Public" Research. This is the translation to English of my 2003 article Raisonnement économique contre sophismes comptables -- Le cas de la recherche « publique »Many thanks to Bruno and Johan for their help in translating ( Read more... )

Rich people without particular talent paying for their entry in university ( Read more... )

One of the most frequent fallacy amongst statists is the fallacy of dynamic contradiction. The reason being that statists don't understand dynamics: they indulge in accounting fallacies.

A lot of nevrotic behaviour is related to ( Read more... )

Elle: Est couvert qui peut payer ?
Moi: Non. Couvre qui peut payer.
Elle: ??

( Lire la suite... )

I first heard of Clay Shirky through Slashdot, with his article The Case Against Micropayments. But actually, I like all his articles. This guy has a lot of insight, and his approach of problems is definitely of the same kind as for austrian economists: taking information costs into account.