[Lincoln’s Political Thought, by George Kateb. Harvard University Press, 2015. Xv + 236 pages]

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There’s an interesting story in the news about my hometown of Fort Collins, and how its growing craft beer scene is threatened by intellectual property disputes.

The Austrian is unapologetically radical and politically incorrect. Each issue will feature provocative articles by cutting-edge libertarian and Austrian thinkers, conversational interviews with leading business people and intellectual entrepreneurs, reviews by David Gordon, and cultural commentary by guest writers. It is published six times a year and replaces The Free Market (1983–2013).

View the full issue or individual articles:

Mises Daily Wednesday by Brendan Brown 

Milton Friedman once compared monetary stimulus to daylight saving time. But while daylight saving has an ending date, current monetary stimulus has no end in sight, and we’re just moving the clock ahead repeatedly without ever moving it back.

In an editorial in the Wall Street Journal economist Douglas Coate suggests a need for “Improving the GOP’s Free-Market Pitch.” He correctly points out, “Capitalism’s virtues don’t easily reduce to sound bites, but that isn’t a reason to give up.” Then he provides a reasonable summary of the benefits of free markets or capitalism including an obligatory reference to Hayek and concludes and provides a suggested sound bite from

It is vitally important that those of us who criticize central banking and endorse the private provision of commodity money understand how the Fed operates.

To that end, this out of print (1991) publication of the Federal Reserve Bank of Chicago provides an excellent summary of Fed money mechanics.

Robert Luddy, winner of the 2007 Mises Entrepreneurship Award, writes in The News & Observer: 

Tax Day is quickly approaching, which means that the absurdity of America’s corporate tax rate is on full display.

We all know about Milton Friedman’s money helicopter idiom and how President Obama’s architect in chief of Quantitative Easing used it to justify his “Great Monetary Experiment.” Less well known is Friedman’s idiom about daylight saving time, how he used this to illustrate the case for flexible exchange rates, and how it is now apparently justifying the plunge of money market rates in Europe to sub-zero levels.