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*) Putin says situation to 'stabilise', Ukraine presses counterattack

Russian President Vladimir Putin has said he expects the situation to "stabilise" in Ukrainian regions annexed by the Kremlin, after Moscow suffered military setbacks.

He has also ordered his government to seize control over Europe's largest nuclear power plant in the Russia-controlled region of Zaporizhzhia.

Kiev has claimed victories over Russian troops in the eastern region of Luhansk, while the Kremlin has vowed to recapture territory lost in a lightning Ukrainian counteroffensive.

*) North Korea fires two ballistic missiles, blames US drills 'escalation'

North Korea has again fired two ballistic missiles, claiming its recent blitz of tests were necessary countermeasures against joint drills by the United States and South Korea.

North Korea has accused the US of "escalating military tensions on the Korean peninsula" and threatening regional stability.

South Korea, Japan and the US have ramped up joint military drills in recent weeks, including large-scale naval manoeuvres and anti-submarine exercises.
 
*) WHO probes India syrups after dozens of children die in Gambia

The World Health Organisation has issued an alert over four cough and cold syrups made by Maiden Pharmaceuticals in India.

The UN health agency has said the four syrups in question "have been potentially linked with acute kidney injuries and 66 deaths among children" in The Gambia.

It has also cautioned that contaminated medications may have been distributed outside of the West African country, warning that global exposure was "possible".

*) Three 'click chemistry' pioneers win Nobel Prize

The Nobel Chemistry Prize has been awarded to a trio of chemists from the US and Denmark who laid the foundation for a more functional form of chemistry.

Americans Carolyn Bertozzi and Barry Sharpless, together with Denmark's Morten Meldal, have been honoured "for the development of click chemistry...," the jury has said.

Click chemistry "is an elegant and efficient chemical reaction that is now in widespread use," the jury said. Among many other uses, it is utilised in the development of pharmaceuticals.

*) Grandmaster Hans Niemann defends reputation after cheating claims

American international grandmaster Hans Niemann has said he "won't back down," after chess platform chess.com reported he has "probably cheated more than 100 times" in online games.

After a victory in the US Chess Championship on Wednesday, Niemann said the game he had just won "spoke for itself and showed the chess player that I am".

Norwegian world champion Magnus Carlsen last week accused 19-year-old Niemann of cheating in a major controversy.

October 6, 2022

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Dr. Bob Murphy and Jeff Deist discuss the nauseating elevation of former Fed Chair Ben Bernanke to Nobel Prize winner.

The Human Action Podcast

Bernanke's Sordid Nobel Prize

This year's trio of Nobel winners in economics are short on actual economics and long on government intervention.

Narrated by Millian Quinteros.

 Audio Mises Wire

The Nobel for Government Intervention: Bernanke and Others Rewarded for Flawed Theories

My guest today is one of my favorite people in the world. Vernon Smith is the 2002 winner of the Nobel Prize in Economic Sciences for his pioneering work in experimental economics. He's almost certainly the only male Nobel Prize winner who showed up with a ponytail and an Adam Smith bolo tie. More than anybody else, Smith is responsible for taking economics out of the lecture hall and testing its hypotheses by running actual experiments with living, breathing humans.

Born in Kansas in 1927, Smith has lived a life that sounds like a Bob Dylan song. His mother's first husband died in a freak railroad accident, and she used the insurance money to buy a farm that sustained her family during the darkest days of the Great Depression. An engineering whiz, he graduated from the California Institute of Technology in 1949 and then turned to studying economics, first at Kansas University and then Harvard. He's taught all over the country, especially at places far flung from big cities, doing much of his most important work at Purdue University and the University of Arizona. He's currently at Chapman University in Southern California, where he created the Smith Institute for Political Economy and Philosophy, which seeks to "reintegrate the study of the humanities and economics in the spirit of Adam Smith."

I caught up with Smith recently at Reason Weekend, an annual conference sponsored by the nonprofit that publishes this podcast. We talked about the upcoming 300th birthday of Adam Smith and why The Wealth of Nations author remains absolutely essential to understanding the contemporary world—Vernon gives him a special birthday greeting at the start of this show.

We also talked about the people that he namechecked in his Nobel toast—an inspired group that included his co-Nobelist Daniel Kahneman, Friedrich Hayek, and the poet Kahlil Gibran—and his impressions of former President Jimmy Carter, who won the Nobel Peace Prize the same year that Vernon won the economics prize. Smith calls Carter "the great deregulator" and shares a wonderful story about the former president learning late in life how governments and bureaucracies often get in the way of people trying to help one another.

Today's sponsors:

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The Reason Interview With Nick Gillespie

Vernon Smith: Adam Smith's Relevance, Jimmy Carter's Deregulation, and the Fed's Biggest Mistake

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Why Couldn’t Kary Mullis (RT-PCR) Find Proof of HIV? [original song]

Founded in 1968, Reason is the planet's leading source of news, politics, and culture from a libertarian perspective. Our podcast offerings include:

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Every Monday, the libertarian editors of the magazine of “Free Minds and Free Markets”—Matt Welch, Nick Gillespie, Katherine Mangu-Ward, and Peter Suderman—discuss and debate the week’s biggest stories and what fresh hell awaits us all.

The Reason Interview with Nick Gillespie
Want to know what comes next in politics, culture, and libertarian ideas? Reason’s Nick Gillespie hosts relentlessly interesting interviews with the activists, artists, authors, entrepreneurs, newsmakers, and politicians who are defining the 21st century.

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Reason presents a libertarian-themed debate series recorded monthly before a live audience in New York City. Moderated by former Barron's Economics Editor Gene Epstein, the Soho Forum features Nobel prize winners, radical thinkers, and other public intellectuals facing off over the future of bitcoin, veganism, sex work, illegal drugs, electric vehicles, abortion, robotics, government debt, and other controversial topics.

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