In the spirit of the Nobel season, Yasha Levine discusses the history of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel as a PR gimmick for laissez-faire economics, and how its existence is an affront to the Nobel legacy.
Obama proposes Social Security cuts. Amid ongoing debt talks wherein the Democrats are seeking to raise the debt ceiling to prevent the default of Federal debt, "entitlement reform" has been a hot topic. This morning, Obama has taken the unusual step of proposing even larger spending cuts than Republicans have asked for, mystifying many. Has the Grand Bargain arrived?
Friedman under attack More than 100 faculty at the University of Chicago, where Milton Friedman won the 1976 Nobel Prize in economics, are trying to stop the university from putting Mr. Friedman's name on a $200-million (U.S.) research centre. The opponents argue that the Milton Friedman Institute would compromise the academic integrity of the university and serve as a monument to Mr. Friedman's world outlook, which they say has largely been discredited. [more inside]
NY Times will be going pay-only for access to columns by Paul Krugman, Thomas Friedman, and Maureen Dowd. On the 19th of Sept! And I assume the others like Herbert and Frank will drop behind the iron curtain as well. These are obviously some of the most blogged about and emailed content on the NYT site. Do you think it will be worth $49.95 year (it does come with 100 archive articles, which is admittedly pretty sweet)? Do you think that bloggers will stop linking to those columnists? Is this the end of free?