Lew Rockwell writes:

Randolph Bourne, the antiwar intellectual who contended that “war is the health of the state” was born today, May 30, in 1886. Bourne’s monograph The State, published posthumously, is available here at Mises.org. Bourne authored several other insightful pieces as well, are are collected in the 1964 collection War and the Intellectuals. 

Inequality seems to be the prime concern of Right Thinking People everywhere. But almost no one is drawing out the connections between inequality and envy.

Although the statement is commonly attributed to Mark Twain, his friend Charles Dudley Warner was the one who said, “Everybody complains about the weather, but nobody does anything about it.” Regardless of who said it, the statement was and remains fairly accurate.

Beginning Friday night, Mises Weekends will bring you a new show every week featuring timely interviews and discussions on current trends and events with journalists, scholars, entrepreneurs, and more.

I appreciate Walter’s useful advice on surviving graduate school as an Austrian economist or libertarian or both. (I’ve also discussed graduate school strategies, and more general career issues, at Mises University; here is a talk from 2010.) I do have one disagreement, however. Walter writes: “Don’t take any part time jobs; don’t be anyone’s research assistant. Don’t be a teaching assistant.

Our money-printer-in-chief, Janet Yellen, gave the commencement address at NYU’s graduation ceremony in Yankee Stadium. She advised the 8,000 assembled graduates that it is ”an unfortunate myth” that “something called ‘ability’” has much to do with success.

At Loyola University, my colleagues and I have been very successful in sending off numerous of our graduating economics majors to graduate school, to get a phd in economics. Here is some advice I offer them, which might be helpful to others as well:

Advice for grad students (some of this advice is personal to me; take what makes sense to you and ignore the rest):

1.Your goal is to get that phd, asap. Don’t let anything interfere with that, if at all possible. If you need money, take out loans, don’t work and let that interfere with your studies.