“Murray’s Dream Come True”
That is what the great Ralph Raico called the Mises Institute, as he was interviewed by David Gordon for our Oral History Project.
Armen Alchian, RIP
Armen Alchian died on February 19 at the age of 98.
I learned this on February 20. At the end of the day on February 19, I was working on a book I am writing on the structure of economic thought. I try to write two pages a day. I wrote this:
Two Amazingly Interesting New Courses Starting in March
From the Mises Academy, our online learning platform:
Human Action: Part II with David Gordon, covering Mises’ most profound insights into the nature of society.
Krugman’s Call for a Housing Bubble
Paul Krugman in 2002: “Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble.”
Addicted to Asset Bubbles
The signs of an incipient asset bubble, induced by the Fed become more evident every day.
The International War on Cash
The actual aim of the recent flood of laws rendering cash transactions less convenient or limiting or even prohibiting them is to force the public at large to make payments through the financial system in order to prop up the unstable fractional-reserve banks and, more importantly, to expand the ability of governments to spy on and keep track of their citizens’ most private financial dealings.
Coolidge and 1920s Prosperity: Some Cautions
Amity Shlaes in today’s Wall Street Journal provides “The Coolidge Lesson on Taxes and Spending” makes the argument that those, as has been done at Mises Daily here, and here who want to “make government smaller” and “to lower taxes” as a means to “yield prosperity” should look not to Ronald Reagan but to “Silent Cal” C
Armen Alchian (April 12, 1914 – February 19, 2013)
Arline Alchian Hoel reports that her father, Armen Alchian, “passed away peacefully in his sleep early this morning at his home in Los Angeles.” He was 98 years old.
America’s Great Depression Quote of the Week: Hayek and Keynes in a single paragraph
- Read more about America’s Great Depression Quote of the Week: Hayek and Keynes in a single paragraph
My introduction to Austrian economics began over 30 years ago when my mentor Fred R. Glahe handed me a couple of pages of handwritten notes on the Hayek-Keynes debate which he had prepared for commentary at a Mont Pelerin Society meeting sometime in the late 1970s and suggested I turn the notes into a dissertation.
The Ethics of Repudiation
If sanctity of contracts should rule in the world of private debt, shouldn’t they be equally as sacrosanct in public debt? The answer is no.
