A Subjectivist Perspective on the Economics of Crime
The Review of Austrian Economics, Vol. 3, No. 1
Clay
A Final Word: Calculation, Knowledge, and Appraisement
The Review of Austrian Economics Vol. 9, No. 1 (1996)
Leland Yeager’s rejoinder “Salerno on Calculation, Knowledge, and Appraisement” (1996) merits a final word, because I believe it makes a subtle though very important concession to the argument made by Rothbard, Herbener, and myself regarding the function of the price system. Before addressing this issue, I will offer comments relating to two other points raised by Yeager in his rejoinder.
Review of If You’re So Smart: The Narrative of Economic Expertise.
The Review of Austrian Economics, Vol. 5, No. 2 (1991)
Ludwig von Mises on Principle
The Review of Austrian Economics Vol. 6, No. 2 (1993)
Mises Institute featured on Power Trading Radio
I discussed the Mises Institute, working for Ron Paul, and the growing Austro-libertarian movement on Power Trading Radio yesterday.
Japanese Americans, Internment, Democracy, and the U.S. Government
February 19 is the Day of Remembrance for those who wish to recall that on February 19, 1942, President Franklin Roosevelt issued Executive Order 9066 authorizing military personnel to lock American of Japanese descent in concentration camps that are often euphemistically called “internment camps.”
Galbraith Was Right About Advertising
Now that I have your attention, rest assured that even when John Kenneth Galbraith got something right, he got it wrong. One of the signature ideas for which Galbraith is known is the Dependence Effect, which states that advertising convinces people that they need things that they don’t really need. In Galbraith’s own words, “If the individual’s wants are urgent, they must be original with himself. They cannot be urgent if they must be contrived for him. ... One cannot defend production as satisfying wants if that production creates the wants. ...
FISA, the NSA, and America’s Secret Court System
We begin our analysis of the legal machinations of the NSA by looking at the secret court system which supposedly practices judicial oversight over the agency.
Dumb Consumers Make Infallible Voters
In a recent Mises Daily article, Julian Adorney noted that a central tenet of the gospel of social democracy is that the majority of the people are too stupid to buy or consume the “correct” products and services without government diktat, but that when it comes to voting, the opinions of the majority are infallible and never to be questioned.
Requiem for a Bernank
How best to assess Ben Bernanke´s tenure as head of the Fed? Consider these these facts from the past eight years:
- Total Fed assets increased by 400%.
- The Fed increased its holdings of U.S. Treasury debt by almost $2 trillion, or over 200%.
- The Fed now owns over $1.5 trillion of mortgage-backed securities that the private banking system wants nothing to do with.
- The Fed is perilously close to balance sheet insolvency.
