We’ve now posted the second episode of Radio Rothbard, which today is the audio version of Friday’s column on gun violence in Mexico. Here’s the mp3 version, and it’s also available on our Youtube channel:
The term “classical liberal” always has been a misnomer, in that it presupposes an earlier or undiluted form of liberalism that must be distinguished semantically and temporally when discussing liberalism today. But the great historian Ralph Raico disabused us of this empty distinction in his great book Classical Liberalism and the Austrian School:
Jeffrey Peshut at RealForecasts.com has composed several very illuminating graphs based on the Rothbard-Salerno True Money Supply (TMS). In one graph Peshut shows the collapse of the growth rate of TMS beginning at the end of 2016, which was caused by the Fed beginning to raise the fed funds target rate at the end of the preceding year.
Most economists are of the view that by means of economic indicators it is possible to identify early warning signs regarding an upcoming recession or prosperity. What is the rationale behind this approach?
The National Bureau of Economic Research introduced the economic indicators approach in the 1930’s. A research team led by W.C. Mitchell and Arthur F. Burns studied about 487 economic data to ascertain the mystery of the business cycle. According to Mitchell and Burns,
Secretary of Commerce Wilbur Ross is recommending “a 24 percent tariff on all steel imports from all countries,” the NY Times reports. Ana Swanson writes that the tariffs, “are aimed at saving American steel and aluminum producers, who have struggled to compete with a flood of cheap metals from abroad, particularly from China.”
High school students in the United States are usually required to take a course in government where they learn about the structure of government but rarely discover the appropriate role of government or the justifiable limits for the use of force in our society. If they did, one of their required readings would be Frédéric Bastiat’s essay, The Law, a seminal mid-nineteenth century work that describes eternal truths about life and how we pursue justice.
The Institute of Austrian Asset Management has awarded Lew Rockwell with the prestigious 2018 Roland Baader Award, for his contributions to Austrian economics.
From a translation of the IfAAM press release:
The Institute for Austrian Asset Management (IfAAM) announces that the journalist Llewellyn Harrison (Lew) Rockwell Jr. receives the “ROLAND BAADER Award 2018”. The ceremony will take place on 2 June 2018 at the 9th Hamburg Mark Banco Anlegertagung in the Historisches Museum Hamburg.
