Adm. Mullen’s Spinning vs. Prof. Hayek’s Insight

Introduction In 1945, the flagship journal of the American Economic Review published one of the ten most important economics articles of the 20th century. Entitled “The Use of Knowledge in Society,” it was written by an Austrian economist named Friedrich Hayek. I deal with this article in every economics course I teach. (For the notes … Continue reading “Adm. Mullen’s Spinning vs. Prof. Hayek’s Insight”

Mullen Wary of Israeli Attack on Iran

Adm. Mike Mullen, chairman of the Joint Chiefs of Staff, came home with sweaty palms from his mid-February visit to Israel. He has been worrying aloud that Israel will mousetrap the U.S. into war with Iran. This is of particular concern because Mullen has had considerable experience in putting the brakes on such Israeli plans … Continue reading “Mullen Wary of Israeli Attack on Iran”