Economist Tyler Cowen defends Hayek and Friedman from a recent hit piece in a center-left magazine. He writes:

Solow neglects to mention that Milton Friedman turned out to be right on most of the issues he discussed (though targeting money doesn’t work), that MPS economists shaped at least two decades of major and indeed beneficial economic reforms across the world, or that some number of the economists at MIT envied the growth performance of the Soviet Union and that such remarks were found in the most popular economics textbook in the profession.

Read the whole thing.

Also, some stuff I’ve read over the past couple of days (weeks?):

1. Should the U.S. Help Break Up Somalia?

It’s not quite what it sounds like. Read the whole thing!

2. Redrawing the Map.

Can you tell what’s been on my mind lately? A couple more:

1. How Corrupt Are Ivy League Admissions? Ask Asians and Asian-Americans…
2. Longtime reader (and a blogger far more popular than NoL) Hank asks a good question. Feel free to help your humble blogger out!