The Demagogue of Vienna
[Part 2 of “In the Shadow of Dr. Lueger,” Independent Review, 2013. Click here for Part 1.]
Fractional Reserve Banking Paper
You may have missed this paper by Bagus, Howden, and Block on Fractional Reserve Banking: Deposits, Loans, and Banking: Clarifying the Debate
Here is an online version of the working paper
Inevitable Inflation?
In any other country where the capital structure is less developed, the transition to price inflation would be more intense and instantaneous.
Capital Requirements Won’t Save Us
The introduction of new tighter capital requirements by banks cannot make them more solvent in the present monetary system.
Civilization Means Privacy
Since the details of the NSA programs became publicly known a short time ago, already there are signs of market pressures being brought to bear to curtail the actions of the agency and its partner companies.
Internet Fascism and the Surveillance State
What is the purpose of telecommunication and internet surveillance?
State Splendor and Public Poverty: From Rome to Washington
I imagined an ancient Keynesius etching a formula like C+I+G+X=Y in stone.
Man Has Home Ransacked by Police for Paying Cash
Of the many crimes that have been committed by governments against their citizens in their global war on cash (also here), perhaps this is the most bizarre. Here is the story
Why Nations Fail
Peter Klein mentioned the Acemoglu-Robinson book, so I thought my review of it might be of interest:
Block, Walter E. 2013. “A 1,000-Year Tour,” Book review of Why Nations Fail: The Origins of Power, Prosperity and Poverty, by Daron Acemoglu and James A. Robinson. Crown Business, 544 pages; Barron’s,
February 4; http://online.barrons.com/article/SB50001424052748703892404578269870031384986.html
Hitler’s Hero
This youth, one Adolf Hitler, would later weave the tactical and strategic lessons he learned from Dr. Lueger into the infamous doctrine of National Socialism.
