David Graeber's new book allegedly destroys the standard account of the origin of money. If correct, Graeber's views would prove embarrassing to the Austrian School, because it was Carl Menger who developed the first systematic explanation for how people went from barter to a full-blown monetary economy.
Strangely, Canada finds itself at the most pro-market limit of the political spectrum.
Did you ever have the feeling that we've been through this before?
The idea is this: in spite of the federal-government's spending at the annual rate of 11 percent of GDP more than it is taking in, there isn't enough stimulus to get our woeful economy going. So, the answer is more spending; indeed, much more spending. If a "shot in the arm" isn't enough, then break out the defibrillator!
Rand's heroes weren't generals or people in law enforcement; they were engineers, inventors, designers — people focused on what they could do with their lives.
