Obama’s Latest Fed Appointments
President Obama has named three more nominees to the Fed and the Senate has had a chance to interview them. The first and most important is Stanley Fischer, aged 70, nominee for vice chairman as well as a regular member.
Ron Paul’s Liberty Defined Now in Portuguese
Thanks to Helio Beltrão and Instituto Ludwig von Mises Brasil for Definindo a Liberdade, the new Portuguese-language translation of Ron Paul’s book Liberty Defined: 50 Essential Issues That Affect Our Freedom. From the summary:
The Leveraging of Corporate America
A new NBER paper documents a strong, secular increase in US corporate borrowing during the Keynesian era.
If Spying on Senate is So Bad, Why is it OK For Them To Spy On Us?
by Ron Paul
The reaction of Sen. Dianne Feinstein (D-CA) to last week’s revelations that the CIA secretly searched Senate Intelligence Committee computers reveals much about what the elites in government think about the rest of us.
“Spy on thee, but not on me!” The hypocrisy of Sen. Feinstein is astounding. She is the biggest backer of the NSA spying on the rest of us, but when the tables are turned and her staff is the target she becomes irate.
How Measuring GDP Encourages Government Meddling
In a review of Diane Coyle’s GDP: A Brief but Affectionate History, aptly titled “Measuring the Unmeasurable,” James Grant highlights many of the difficulties involved in aggregate statistical attempts to measure economic activity. Grant summarizes critical problems in one succinct sentence, “Imagine deciding which nation produces what in a global supply chain. Or correcting price for quality improvements.
The Dogs of Inflation
Keynesians Again Revive the Phillips Curve Folly Robert Higgs has provided a most applicable biblical passage that very aptly describes the continuing knee jerk revival of the Keynesian follies during this Fed-Bush-Obama Great Recession and Great Stagnation:
“As a dog returneth to his vomit, so a fool returneth to his folly.” Psalm 26:11.
Out of Poverty: Powell’s Most Recent Work in the Misesian Tradition
Pete Boettke at Coordination Problem highlights the excellent work by Ben Powell in the Misesian tradition (links added).
Mark Thornton on Power Trading Radio
Here is my recent interview on Power Trading Radio with John O’Donnell and Merlin Rothfeld. We discuss, among other things, for a look at the growing currency war as well as the battle for natural resources around the world.
They regularly interview Austrian economists on Friday afternoons at 6:00 pm Eastern and give away a gold coin to listeners. Listeners can also submit questions to the experts.
