Clifford F. Thies

Following the Panic of 1819, the state of Kentucky sought to provide relief from the suddenly harsh burden of debt on many of its citizens, by creating the Bank of the Commonwealth, a new kind of bank, one completely owned by the state government and not at all bothered by specie, and by suspending foreclosure for up to two years upon the tender of paper money by debtors. Clifford Thies tells the story of inflation, economic collapse, political conflict, concern for the preservation of a republican form of government...and murder.

¿Es una simple coincidencia que la película «Frida» esté protagonizada y coproducida por Hayek (Salma, es decir)? Frida Kahlo fue una pintora mexicana de principios a mediados del siglo XX, famosa por...

Ludwig von Mises was correct to observe that “the great creative genius who perpetuates himself in immortal works and deeds does not when working distinguish the pain from the pleasure. For such men creation is at once the greatest joy and the bitterest torment, an inner necessity.” It is also true that intellectual promise can degenerate into arrogance, narcissism, and paranoia, such that genius becomes drivel, as is the case with Nobel Prize-winning economist and mathematician John Nash.