Central Banks Debunked
Gerald P. O’Driscoll’s hard-hitting piece in today’s Wall Street Journal, Debunking the Myths about Central Banks is well worth reading.
The Great Sequester Ho-Hum
Economist and former Texas US Senator Phil Gramm recalls the budget sequesters in today’s Wall Street Journal:
The Errors of Keynes’s Critics
Demand is constituted by supply; according to Say’s Law, supply is demand. If you want to get to the essence of Say’s Law you must never think in terms of aggregate demand and aggregate supply. If you want to defeat Keynesian economics, you need to wage war on the very notion of aggregate demand. Nothing else will do.
Bernanke the Comedian
Dr. Brendan Brown is an eminent financial economist in the City of London and the author of The Global Curse of the Federal Reserve, initially published in 2011 and just released in its second revised edition.
America’s Great Depression Quote of the Week: The Nature of the Boom and Bust
Boom and Bust: What must be explained in any theory of the business cycle?
First and foremost is the general cluster of errors. See Hulsmann’s Toward a General Theory of Error Cycles:
The $59 Recession Solution
George at “Barbarous Relic”, writes:
Mark Thornton Explains the Real Meaning of Austerity
Ryan McMaken writes:
In the February The Free Market, Mark Thornton notes that in the current media narrative, “austerity” means raising taxes to pay wealthy bankers.
Authentic austerity -the good kind-forces the government to actually get smaller:
Classing Up The General Theory
Here is an image of the back cover of the Romanian edition of Keynes’s General Theory published in 2009. If you look close enough you will see that the blurbs feature quotations from Murray Rothbard, Ludwig von Mises, and Paul Krugman, in that order starting from the top. Rothbard’s and Mises’s statements do not refer directly to Keynes or the General Theory, and it is hard to understand why they would be there except to add cachet to the book.
A Satisfied Student
A Mises Academy student emails Joseph Salerno:
Ron Paul on the Libertarian Future, at the recent Mises Circle in Houston
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