In a bit of ironic vandalism, San Francisco protestors painted “bastard” on a bust of Miguel Cervantes and defaced it in other ways. It’s hard to image what the motivation was behind attacking the Cervantes bust, beyond, of course, total ignorance of who he even was. Cervantes was a sixteenth-century writer who penned Don Quixote, possibly the most influential work of Spanish-language literature ever written.
The Fed claims they are “accountable to the public and the U.S. Congress.” But what good is accountability if the public and Congress have little understanding of what the Fed does? Even worse, if no one has the power to stop the inflationary actions of the Fed, what good are the accountability measures in place?
Two new issues of the Quarterly Journal of Austrian Economics are now available online.
Anyone who advocates the ideas of the Austrian school of economics, whether broadly and publicly or even in the context of private discussions with friends and acquaintances, will almost immediately find themselves grappling with the tricky question of how to distill the core essence of what Austrian economics actually is, and how to convey those truly definitive characteristics as brief
Donald Trump’s economic populism, and his break with the established postwar conservative movement, has created an opening for new types of conservatism. Among these is the antimarket wing of the movement characterized by a renewed enthusiasm for trade controls, more spending on welfare programs, and more government regulation in the everyday lives of ordinary Americans.
“Defund the Police” is the latest rallying cry for protestors in many cities across the nation. Many activists, enraged by the brutal killing of George Floyd by Minneapolis police, are calling for completely disbanding the police, while others are seeking reductions in police budgets and more government spending elsewhere. However, few activists appear to be calling for a fundamental decrease in the political power that is the root cause of police abuses.
