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In this audio debate, Philipp Bagus, author of The Tragedy of the Euro, debates Franz Hörmann. Here is an interview with Hörmann to provide some additional context. The debate is in German, but Dr. Bagus provided a summary of the debate for us in English:

Two weeks ago or so, I successfully defended my PhD dissertation on the “political economy of derivatives markets” at the University of Angers. The jury was a half Austrian, half mainstream one, including a prominent professor in the field from the University of Paris 1 Panthéon-Sorbonne. I would like to take the occasion to thank the Mises Institute for the support offered through the fellowships which helped me to go through this.

A New York Times investigation has revealed another bubble, in this case, subprime loans on used cars. Of course this is not a surprise given the Federal Reserves ultra loose monetary policy and near zero percent interest rates that has forced banks, insurance companies, and just about everyone else to scamper to earn some return on their capital.

Warren reviewed eleven tenets of contemporary progressivism in a July 18 speech before Netroots Nation . She should be commended. Very often progressive politicians prefer to talk about “hope and change” rather than what they really stand for. Her list is not free of exaggerated rhetoric, such as claiming the mantle of “science” for herself. When she talks about supporting fast food workers on picket lines, she doesn’t mention the millions she is collecting from labor unions. But, even so, her account contains some honest and useful information.

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