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Some Links

Steve Landsburg helpfully explores the case – made recently, for example, by Larry Summers – that falling oil prices justify higher carbon taxes.

I’m glad that Warren Meyer weighed in on Naomi Oreskes’s claims about climate science.

Thomas Piketty’s Capital in the Twenty-First Century is critically analyzed in this new paper by Phil Magness and Bob Murphy.  (HT Maxim Lott)  Another new critique is here.

The Cato Institute’s Dan Ikenson discusses, on Marketplace Radio, the effects of the auto bailout.

Richard Rahn offers some advice to the new Republican Congress.

Wendy McElroy stirs my appetite for dietary freedom.

Jared Meyer rightly decries that most banana-republic-esque feature of modern America: civil asset forfeiture.  A slice:

There are practically no restrictions on how forfeiture funds can be used. As Columbia, Missouri, police chief Ken Burton said, “[Forfeiture funds are] kind of like pennies from heaven… It gets you a toy or something you need.” One problem: These “pennies from heaven” are forcibly taken from individuals who are often not guilty of a crime. “We just usually base it on something that would be nice to have, that we can’t get in the budget. We try not to use it for things we need to depend on,” Burton continued. If police departments truly need more funding, there are several more legitimate ways for them to increase their budgets, without stealing from innocent individuals.