Over a year ago, a bunch of economists and grad students made this music video about what causes recessions: too-free businesses (Keynes) or central planning of the market (Hayek). It was brilliant, and displayed both sides very well in a fun way. Just yesterday they released Round Two, which is also great. I don't think Hayek made as many brutal points as he did in the first one, but the ending is completely accurate in its analogy to real life: Hayek's argument destroys Keynesian ...
In a pathetic, yet not entirely unexpected, last-ditch attempt to attack the legitimacy of a federal district court claiming that anti-gay marriage statutes are unconstitutional, the Prop 8 supporters are now asking a new district court (the previous judge, Judge Walker has retired) to set aside that decision because of a conflict of interest. What conflict of interest, you might ask? He's gay. Yes, he had no financial or personal interest. But Walker still should have ...
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