Increasing numbers of Americans are losing sleep about the climate and agitating that healthcare is a human right. Residents of Flint, Michigan, and Newark, New Jersey, want government to provide clean water, and again the rallying cry is that water is a human right.
[Money, Inflation, and Business Cycles: The Cantillon Effect and the Economy, by Arkadiusz Sieroń. Abingdon: Routledge, 2019. x + 162 pp.]
The size and activities of Google, and other Big Tech companies, has increasingly grabbed the attention of many on the ideological left, center, and right. (This is putting to one side the shortcomings of these particular categories.) On the Right, this has meant allegations of Google’s bias against conservatives. In the center, it has included allegations of Google’s power against competition. On the Left, it has meant allegations of Google’s exploitation of just about everybody.
The so-called Economic Emergency Law announced by the new government in Argentina is simply another massive set of tariffs and burdens on the private sector to finance the bloated public expenditure in a country where confiscatory monetary and fiscal policy is the norm.
What is the major problem with the recent Economic Emergency Law? That it does not address the country’s massive monetary and fiscal imbalances. Worse, the law and in particular the decisions to raise retentions on the agricultural sector aim to increase the confiscatory nature of Argentina’s fiscal policy.
Cato Institute research fellow Patrick Eddington recently filed several Freedom of Information Act (FOIA) requests to find out if the Federal Bureau of Investigation ever conducted surveillance of several organizations dealing with government policy, including my Campaign for Liberty. Based on the FBI’s response, Campaign for Liberty and other organizations, including the Cato institute and the Reason Foundation, may have been subjected to FBI surveillance or other data collection.
On the eve of the Great Recession, former President George W. Bush in a 2007 speech urged people to “go shopping more” in order to keep “our economy growing.”
Political Capitalism: How Economic and Political Power Is Made and Maintained
Randall Holcombe
Cambridge: Cambridge University Press, 2018
x + 294 pp.
In the “crypto” world, there are theorists mistakenly applying Irving Fisher’s equation of exchange without knowledge of Austrian critiques of the idea. Understanding why Austrian economists are critical of MV = PT might help these theorists avoid these errors in reasoning.
The Origin of the Prolonged Economic Stagnation in Contemporary Japan: The Factitious Deflation and Meltdown of the Japanese Firm as an Entity
by Masayuki Otaki
Oxfordshire, UK: Routledge, 2016
x + 136 pp.
Sean Stevens of Heterodox Academy and Professor Mitchell Langbert of Brooklyn College have a new article published by the National Association of Scholars. They examined professors’ self-identified political views, party affiliation, voter registrations, and FEC (Federal Election Commission) records of political donations.
