The flood of dollar-denominated debt has risen in Turkey, Brazil, India, and South Korea since Bernanke turned on the monetary spigot in 2009. Now it appears, according to a perceptive article by Landon Thomas, Jr. in the New York Times, that the end of the boom may be in sight as rumors swirl that the Fed will soon be tightening money.
Happy birthday to Ron Paul, Distinguished Counselor of the Mises Institute and longtime supporter of Austrian economics. Here’s Dr. Paul with Henry Hazlitt, Murray Rothbard, and Lew Rockwell, from a 1987 dinner in honor of Hazlitt.
Mark Gongloff of the Huffington Post responded to a surpassingly silly post of Christopher T. Mahoney’s, former vice chairman of Moody’s. Unfortunately, Gongloff’s post is almost as silly as Mahoney’s.
In case you missed it, L. GORDON CROVITZ (WSJ, “TV’s Unnatural Monopolies”) makes excellent use of Austrian analysis of market process and monopoly to support his argument that “The rationale for government regulation is collapsing in the face of technological change” in what used to be called the television market.
Further to my previous post on scientism: Steven Pinker has entered the fray, with a full-throated defense of the “scientific method,” to be applied anywhere and everywhere.
You can now enjoy a three-part lecture series on the basic principles of money from an Austrian perspective. The series was sponsored by Congressman Ron Paul and presented exclusively to Congressional staffers. The lecturers were myself, Constitutional lawyer Edmund Vieira, and investor, author, and financial commentator Peter Schiff.
