As far as I can tell, in the image below, the Treasury’s Bureau of Engraving and Printing appears to be bragging about its supposed engraving and design skills in a lighthearted fashion, independent of economic theory. For the proponent of sound money, however, this must be regarded as unintentionally comical in a different way: Writes DS:
by Gary North
Reality Check
I turned 72 in February. I want to make a few comments on the history of the American Right, while I still have my wits about me.
March 2 marks the birth of Murray Rothbard. Given his importance to the cause of liberty (The Libertarianism.org website said he “mounted the most comprehensive intellectual challenge ever attempted against the legitimacy of government. During a career that spanned more than 40 years, he explained why private individuals, private companies and other voluntary associations can do whatever needs to be done”), it is worth marking the occasion by remembering a few of Mr. Libertarian’s words.
Apparently, it does not take much Artificial Intelligence to flummox academic scientists.
Frank Shostak writes in today’s Mises Daily:
Most economic commentators blame the weakening in economic data on bad weather conditions that have gripped much of the US. On this way of thinking the economy remains strong and short setbacks are on account of consumers and businesses putting off purchases.
Some restaurants in Florida and California have tacked on a surcharge to their diners’ food and beverage bills to help defray the looming costs of the Affordable Care Act. The Gator’s Dockside chain of restaurants in Florida has added a 1 percent surcharge while Republique, a trendy restaurant in Los Angeles, is increasing patrons’ tabs by 3 percent.The economy is lackluster at best, as anyone who isn’t a beltway politico or hedge fund manager can plainly see. But Janet Yellen says there’s an easy explanation for why things aren’t even better than the official numbers show: cold weather. In tomorrow’s Weekend Edition of Mises Daily, Frank Shostak will neatly dispose of the weather “argument.”
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