Retracto

Rising trend of retractions of scientific papers.

Market Efficiency and Government

If markets are weak form efficient then governments are unnecessary.
If markets (and thus people) are weak form inefficient then governments are a dangerous and bad idea.

A directed graph of patent citations of the top 40 cited organizations (by unique patent assignee number) from 1980 to 2006

A directed graph of patent citations of the top 40 cited organizations (by unique patent assignee number) from 1980 to 2006.

Why Pimps Wear so Much Jewelry. A lesson in asset protection.

Rick Harrison from the TV show "Pawn Stars" explains why pimps wear so much "bling". He says that when they get caught by the police the police confiscate all their money (which makes it impossible to pay bail), however they don't confiscate jewelry. The pimp can then pawn that jewelry again for 50% of what they bought it from the pawn shop in the first place and use that money for bail.

Bitcoins Now Worth More Than 1 dollar.

Over the last month, the price of bitcoins has increased from roughly 40 cents to where now a bitcoin is now worth more than a dollar on the Mt. Gox exchange.

An axe isn't enough.

Bruce Bartlett says the government is using an axe to cut the budget instead of a scalpel. Well, apparently with a 1.5 trillion dollar deficit out of a 4 trillion dollar budget, we need a chainsaw... an axe is simply too small.

Greg Mankiw Misses the Point

Greg Mankiw misses the point, it isn't a non-independent central bank that Ron Paul wants. It is independent money issuing banks that are not central.