The August jobs report is out and its not pretty. Instead of a faster pace of jobs growth the report was disappointing and past reports were revised downward. This is just the ammunition that Janet Yellen and the Fed need to possibly extend Quantitative Easing and their Zero Interest Rate Policy. 
The liberal Center for Economic and Policy Research that regularly comments on the jobs reports concludes:
In his Economic Thought Before Adam Smith, Rothbard identified Augustine of Hippo as “the first Church Father to have a positive view of the merchant” noting that it was wrong to condemn a whole class of men for the sins of a few.
Robert Batemarco addresses the more flamboyantly wrong portions of John Tamny’s recent anti-Austrian Forbes article in Tuesday’s Mises Daily.
New videos with Chinese subtitles, thanks to Xiong Yue:
The Federal Reserve has just released a survey indicating that income and wealth inequality has been growing in the United States since 2007. Meanwhile, President Obama has called for government action to reduce inequality.
This is an historic time. After six years of the most novel and expansive monetary policies since its creation 100 years ago, the Fed is finally ready to admit its role in prolonging the current recession... kind of.
I recommend that readers begin with the essay by Murray Rothbard listed here. As Rothbard often stressed, one cannot infer a nation’s foreign policy from the nature of its domestic regime. Communist totalitarianism did not necessitate an aggressive foreign policy; and in the post-World War II period, Rothbard contended, Russian foreign policy was largely defensive in character. The main Communist danger to America was internal rather than external.
Today is the sixty-fifth birthday of Hans-Hermann Hoppe. In the Preface to his The Economics and Ethics of Private Property, Hans says: “My largest debt is to Ludwig von Mises and Murray N. Rothbard, the twentieth century’s two greatest—though much neglected—economists and social philosophers.” Hans is the worthy successor of these great thinkers; and, like them, he is devoted to freedom and utterly rejects compromise. In The Economics and Ethics of Private Property, he argues that all deviations from the free market are forms of socialism.
