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Yesterday I was looking at www.cnbc.com and there was an article on private money.  I thought , “Excellent, the work of the Austrians is starting to get through.” 

Yes, I was wrong again.  Apparently, if you don’t understand a concept, it is better to push it to the extreme and then make fun of it.  I find this attempt at debate shameful. 

It just shows that there is still a long way to go.

Paul Cwik

Paul Cwik is a professor of economics at Mount Olive College. He earned a B.A from Hillsdale College, Michigan, an M.A. from Tulane University in Louisiana, and a Ph.D. from Auburn University in Alabama.