I love economics news like this, because it is economic and yet completely unrelated to policy. What a fascinating discovery!
Hat tip to my mother, of all people: In what could be astounding news, researchers claim to have discovered an immune protein that could cure type 1 diabetes. Over the years, I have learned to be highly skeptical of the many annual claims that a cure has been found; but this one seems promising.
Daniel Kuehn proves that agreeing with me makes you a good economist... unless you actually are me, in which case it makes you "weak." Sigh.
For the record, I do not actually know whether the Mises Institute guys have this one wrong. Thomas Sowell might be criticizing the persistence of false ideas, or he might simply be criticizing the so-called intellectual elite. All I know is that the first thing that popped into my mind was the name Billy Ray Valentine. Plus ca change, plus c'est la meme chose.
It is always kind of sad when the music industry starts to discard its puppet, and the puppet does not yet understand that it is happening.
I didn't actually need another reason to drink coffee, but here you go.