This Week’s Fed Events
Here are this week’s events relating to the Fed. All times Eastern.
Monday, June 26
- Chicago Fed National Activity Index. 8:30am
- Dallas Fed Manufacturing Survey. 10:30am
Tuesday, June 27
Preface to the Second German Edition
It is a matter of dispute whether, prior to the middle of the nineteenth century, there existed any clear conception of the socialist idea — by which is understood the socialization of the means of production with its corollary, the centralized control of the whole of production by one social or, more accurately, state organ. The answer depends primarily upon whether we regard the demand for a centralized administration of the means of production throughout the world as an essential feature in a considered socialist plan.
Socialism: An Economic and Sociological Analysis
Will the Work Day Shrink to Four Hours?
Last week Ryan McMaken commented on Chinese billionaire Jack Ma’s prediction that our grandchildren’s work day would shrink to four hours. I agree with Ryan’s assessment of Ma’s prediction, supported with the facts about how many fewer hours the average work day is today compared with the past. But looking at averages can be deceiving. The work day hasn’t shrunk for everyone, and won’t shrink for many.
The Danger of “Public” Education
An audio version of this Mises Wire is available here.
The key issue in the entire discussion is simply this: shall the parent or the State be the overseer of the child?
The Austrians, the Mainstream, and “Mainline” Economics
[A review of Peter Boettke’s Review of Living Economics: Yesterday, Today, and Tomorrow. A selection from the Fall 2016 issue of the Quarterly Journal of Austrian Economics]
Congress Will Make Sure Taxpayers Keep Sending Money to Terrorists
One of the few elected Democratic lawmakers with an extensive anti-war record, Rep. Tulsi Gabbard (D-Hawaii), has combined forces with Sen. Rand Paul (R-Kentucky) to push legislation through both the House and the Senate that would bar federal agencies from using taxpayer-backed funds to provide weapons, training, intelligence, or any other type of support to terrorist cells such as al-Qaeda, ISIS, or any other group that is associated with them in any way.
Summer Seminar Series
No, Mark Carney, Brexit Didn’t Cause Inflation — You Did
For the past several weeks, a dark and uneasy atmosphere has been hanging heavily over the British political landscape. In addition to the four major terrorist attacks on British soil since March, the 2017 general election highlighted growing public anger with the complacent, non-ideological, and seemingly uncontested reign of Prime Minister Theresa May.
If We Want “Unity,” Government Must Become Weaker
Last week, a gunman opened fire on a group of Republican members of Congress. Letters sent by the gunman to his local newspaper suggest he was obsessed with Republican policies, and concluded that Donald Trump “Has Destroyed Our Democracy” [sic] and that “It’s Time to Destroy Trump and Co.”
