Not to be outdone by P. J. O'Rourke, libertarian Mark Perry also genuflects toward the hypocritical French today

Namely toward Frederic Bastiat, here, who wrote against "legal plunder", never once mentioning that the estate off of which Bastiat derived his living had been stolen from the aristocracy during the French Revolution.

Mark Perry is not just a one-off, either. Bastiat is a hero to libertarians generally. For example, to Rep. Justin Amash, who not coincidentally owes his fortune to the family business in tools, which are manufactured in China, not the united States.

Protestations against legal plunder, my foot.

Green River Formation Oil Shale Deposits Spell Death of Peak Oil

Mark J. Perry reports here:

Shouldn't it be newsworthy that the U.S. has 1.5 trillion barrels of recoverable oil in the Green River Formation, an amount even greater than th[e] estimate of 1.392 trillion barrels of proven oil reserves in the entire world? 

Irrational Exuberance in Home Ownership Rates

MJ Perry has a good post on the deflating home ownership bubble here, and this cool chart, which shows once again that starting in 1995 all manner of metrics assumed an irrationally exuberant upward trend.

An additional chart at the link less convincingly makes the case that low down payment loans were a cause, rather than a by-product, of the bubble.  Looks like a lagging indicator to me, but obviously it is an imprudent policy to require only 3 percent down.

New York Yankees Beat Wall Street Bankers 124-28 in Cross Town Beat Down

So says Mark J. Perry, here:

Where's the outrage about "excessive" salaries for Yankees players, which have increased relative to average New York City salaries much more than salaries for NYC bankers?  What about an "Occupy Yankee Stadium" protest?