More on Default

Several commentators have taken me to task, on mises.org and on social media, for suggesting that a T-bill is “a bond just like any other bond.” Don’t I know that Treasuries are the world’s reserve, “risk-fee” financial asset? Don’t I know the US dollar is the world’s reserve currency?

Does Anyone in D.C. Oppose Endless Money Creation?

Writing in the Washington Examiner, Timothy Carney looks at the factions behind the recent Summers-Yellen competition for the Fed’s chairmanship.

“Right vs. Left” narratives are of pretty limited value in discussing the politics of the central bank, as the conservatives by themselves generally lack the intellectual firepower to offer any substantive critique of Quantitative Easing. Most factional infighting about the central bank in Washington appears to come down to petty questions of politics and personalities.

More William Graham Sumner on War and Imperialism

Thanks to Ryan for mentioning my recent LewRockwell.com article on William Graham Sumner, as well as Ralph Raico’s article about Sumner’s famous 1899 essay, “The Conquest of the United States by Spain.” David Hart of the Liberty Fund wrote to let me know that he has archived many of Sumner’s writings in the Fund’s online library of liberty.  A good project for a Mises Institute summer fellow would be a pap
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