French economist Hélène Rey has received the Carl Menger Prize
Since the economic crisis of 2008-2009, the Federal Reserve — America’s central bank — has expanded the money supply in the banking system by over $4 trillion, and has manipulated key interest rates to keep them so artificially low that when adjusted for price inflation, several of them have been actually negative. We should not be surprised if this is setting the stage for another serious economic crisis down the road.
The story of Sleeping Beauty always struck me as a libertarian fable. The central plot demonstrates the impotence of government: Aurora is cursed to prick her finger on a spinning wheel, and her royal father issues a decree that all spinning wheels should be burned. But all the king’s action does is put some poor weavers out of work. Aurora still pricks her finger and falls into an enchanted sleep.
The WTO meets. Amidst news of the prolonged worldwide recession, new air strikes, secession attempts, and climate change, international trade—which in 2008 went through its largest crisis in history—has been mostly out of the public eye. Yet we’ve been told not to fear: the World Trade Organization, the foremost global body for promoting multilateral trade, remains watchful, and is optimistic that efforts for liberalization will bear fruit in the near future.
In his work A Critique of Interventionism, Ludwig von Mises concluded that an endless progression of interventions was the inevitable consequence of otherwise well-intentioned policy makers
Our friends at other Mises Institutes around the globe seem to be really churning out the new translations these days. Here are several new ones:
“Cinco lições sobre o referendo escocês“ translated from “Five Lessons Learned from the Scottish Referendum“ by Ryan McMaken.
