June 28, 2013


How “pro-choice” are Democrats?

June 28, 2013

(via theatlantic)

June 28, 2013
"The most essential fact is that there is no functional relation between the price level and any rate of interest. Consequently, no monetary change has any direct and permanent effect on the rate. On this point such writers as Keynes and [J. R.] Hicks fall into the simple methodological fallacy dealt with in the early part of this paper—confusion of the power to ‘disturb’ another value magnitude with a real functional connection of causality. Keynes bases his whole argument for the monetary theory of interest on the familiar fact that open market operations can be effective. Hicks makes the error more palpable … Hicks assumes without qualification or reservation a definite (inverse) functional relation between the quantity of money and the interest rate. It is a depressing fact that at the present date in history there should be any occasion to point out to students that this position is mere man-in-the-street economics."

Frank H. Knight, On the History and Method of Economics, (University of Chicago Press, 1956), p. 222 (via utilitymaximiser)

(Source: ordnungsokonomik, via )

June 28, 2013
"[In the surveillance] business at least, content isn’t king. It’s the metadata – the call logs showing who called whom, from which location and for how long – that you want. Why? Because that’s the stuff that is machine-readable, and therefore searchable. Imagine, for a moment, that you’re an NSA operative in Fort Meade, Maryland. You have a telephone number of someone you regard as potentially “interesting”. Type the number into a search box and up comes a list of every handset that has ever called, or been called by, it. After that, it’s a matter of seconds before you have a network graph of second-, third- or fourth-degree connections to that original number. Map those on to electronic directories to get names and addresses, obtain a secret authorisation from the Fisa court (which has 11 federal judges so that it can sit round the clock, seven days a week), then dispatch a Prism subpoena to Facebook and co and make some coffee while waiting for the results. Repeat the process with the resulting email contact lists and – bingo! – you have a mass surveillance programme as good as anything Vladimir Putin could put together. And you’ve never had to sully your hands – or your conscience – with that precious “content” that civil libertarians get so worked up about."

John Naughton, The Guardian. NSA surveillance: don’t underestimate the extraordinary power of metadata.

Related: Ars Technica reports, “For the past two years, a secretive unit in [England’s] Metropolitan Police has been developing the tools for blanket surveillance of the public’s social media conversations. Operating 24 hours a day, seven days a week, a staff of 17 officers in the National Domestic Extremism Unit (NDEU) has been scanning the public’s tweets, YouTube videos, Facebook profiles, and anything else UK citizens post in the public online sphere.”

Ars Technica, Meet PRISM’s little brother: Socmint.

(via futurejournalismproject)

June 28, 2013
L.A. Liberty: Cops Being Cops, again


(Source: laliberty)

June 28, 2013
"Fighting a multi-decades war against plants is just a dumb idea, ranking up there with other such gems as spending our way out of recession, borrowing our way out of debt, and invading other countries to reduce hatred against America."

Simon Black (via timlebsack)

(via hipsterlibertarian)

June 28, 2013

(Source: thelogicallibertarian, via jmcoffman)

June 27, 2013

back on the blogosphere. 

hello, lovelies. 

July 16, 2012

Remind me to never get in twitter debates with idiots ever again………

July 16, 2012

(via libertariancontrarian)

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