Recently the financial press and media has been abuzz as the Federal Reserve moved closer to the anticipated end to its massive bond and mortgage backed securities purchases known as quantitative easing. James Bullard, President of the St. Louis Federal Reserve Bank, stirred controversy last week when he suggested the Fed should consider continuing the bond buying program after October.
Alaska and Oregon have joined Colorado and Washington in nullifying federal laws against the possession and sale of marijuana (DC also approved a more tame measure):
Best known as the coauthor of The Calculus of Consent: Logical Foundations of Constitutional Democracy (with Nobel Laureate James Buchanan) and the founding and long time editor of the journal Public Choice, Gordon Tullock died November 3rd at the age of 92.
Dr. Marc Miles, a noted monetary economist, has now joined Mr. John Tamny in criticism of my review of Steve Forbes and Elizabeth Ames’s book Money. These authors write from a shared viewpoint, and I shall endeavor here to respond to both.
Canada’s top central banker, Stephen Poloz, has sparked some controversy by suggesting that unemployed youths should offer to work for free (gasp!).
[This essay originally appeared in July 1945 in a monthly newsletter Chodorov established called analysis. It later appeared as a chapter in his book Out of Step: The Autobiography of an Individualist (1962).]
From Garet Garrett’s analysis of The New Deal, known today as The Revolution Was and Ex-America:
In the aftermath of the brutal murder of Venezuelan lawmaker Robert Sierra and his wife Maria Herrera, Venezuelan President Nicolás Maduro said in a speech on October 27 that he will “purge” and “revolutionize” the country’s police forces.
