Mark Thornton discusses Martin Wolf’s support for continued easy money policy, and also the latest push by the central bankers and their friends in the media to try to convince us that rising prices are good for us.
The European Court of Justice in Brussels issued a preliminary ruling today that appears to have underlying implications for intellectual property and defamation concepts.
Under this ruling, search engines like Google operating in Europe may be required to remove links to online content deemed unflattering by a user-- even if true. And while the article focuses on European attitudes toward privacy, the underlying issue is defamation, i.e. damage to one’s reputation.
Listen to the Audio Mises Wire version of this article.
[Editor’s Note: This is a selection from “On Political Power and Personal Liberty in The Prince and The Discourses” from the spring 2014 issue of Social Research.]
After reviving conscription, killing protestors in Odessa, and seizing ballots in eastern Ukraine, agents of the Ukrainian state now denounce organizers of the plebiscite in eastern Ukraine as “terrorists.”
Here is an April 29, 2014 headline from Daily Kos: Inflation-adjusted median household income down $4,309 since high point in 2008.
Left and right should at least be able to agree about this. For the average American, there has been no recovery. Median household income rises in a recovery, even if there is a lag.
A new NBER Working Paper by Paul Beaudry, Dana Galizia, Franck Portier uses a contemporary modeling technique (a kind of decentralized trading model popularized by Robert Lucas) to compare “Hayekian” and “Keynesian” accounts of the business cycle. The authors have only a cursory understanding of the Austrian literature -- despite the title, “Reconciling Hayek’s and Keynes Views of Recessions,” the paper contains no references to anything written by Hayek or Keynes -- but is interesting nonetheless.
He discusses the Austrian movement, the Rothbard Legacy, and plans for the future of the Mises Institute.
With the average college graduate, this time of year not only brings completion to their studies but also leaves them with about $30,000 of student debt to pay off. As students are wrapping up their studies and starting their professional lives with more and more debt, whether a degree is really “worth it” is coming under fire.
