Sandeep Jaitly on Austrian Economics, Ron Paul on Auditing Gold Reserves, and Rochester NY Police Out of Control.

Check out this awesome Max Keiser interview of Sandeep Jaitly on Austrian economics:

Some excerpts:

"all other forms of economics, classical, neoclassical economics, ascribe value to something else other than the human mind."

"all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being."

One Zerohedge poster was kind enough to point out this fantastic Mises quote:

“Economics must not be relegated to classrooms and statistical offices and must not be left to esoteric circles. It is the philosophy of human life and action and concerns everybody and everything. It is the pith of civilization and of man’s human existence” – Ludwig von Mises

The interview is seriously great.
More information is coming out on the Congressional hearing Ron Paul chaired Thursday on auditing the Treasury's gold reserves:

WASHINGTON (CNNMoney) -- With the price of gold at record highs, presidential candidate Rep. Ron Paul wants to make sure the U.S. gold bars at Fort Knox are really there.
Paul called a congressional hearing Thursday to grill federal officials about his bill to audit and inventory all of the gold reserves at Fort Knox, Ky., West Point, N.Y., and Denver, even though Treasury officials insist that the gold is audited annually and is all there.
During the hearing, Paul suggested that the Federal Reserve of New York, which has 5% of the U.S. gold reserves, has the ability to secretly sell or swap gold with other countries without anyone knowing.
"The Fed is pretty secret, you know," said Paul, who leans Libertarian. "Congress doesn't have much say on what's going on over there. They do a lot of hiding."

I would like to know if the gold reserves are there too but it may end up costing a lot to do the full audit.  And if the audit were to occur (which it won't), it won't be financed by cutting spending on something else.

It's always entertaining and infuriating to see videos of police corruption, stupidity, and arrests for idiotic laws.  Check out these two from Rochester, New York.  First is arresting a woman for videotaping a traffic stop on her own front yard:

And here is the police handing out fines for people's cars parked further than 12 inches from the curb:

Clearly people who are parked too far away from the curb poses a significant risk to public safety.  You gotta wonder who came up with a law fining people from parking more than a foot from the curb.  It's micromanaging society to the smallest detail.

I will end with some weekend chart porn.  Here is a chart on the world's highest net worth individuals:

This one is great: