Deck the Halls with Macro Follies
Deck the Halls with Macro Follies For the holiday from our friends at EconStories.
Evidence of Infamy
Two revisionist must-reads for this “Day of Infamy” (the anniversary of the attack on Pearl Harbor): How U.S. Economic Warfare Provoked Japan’s Attack on Pearl Harbor by Robert Higgs and Pearl Harbor: Roosevelt Knew by Justin Raimondo. Some conservative and libertarian-ish fans of our Facebook page have recoiled in horror at the evidence and arguments presented in these pieces.
How U.S. Economic Warfare Provoked Japan’s Attack on Pearl Harbor
[This talk was the Arthur M. Krolman Lecture at the 30th Anniversary Supporters Summit of the Ludwig von Mises Institute, Callaway Gardens, Georgia, on October 26, 2012. Click here to watch the video of this talk.]
Against Scientism
Hayek defined “scientism” or the “scientistic prejudice” as”slavish imitation of the method and language of Science” when applied to the social sciences, history, management, etc.
A Golden Path to Sound Money
Yesterday Barron and Bloom in “A Golden Path” (http://mises.org/daily/6281/A-Golden-Path) responded to my Mises Daily article “Fool’s Gold Standards”. Their expansion was very useful. I don’t think we are as far apart as they seem to think.
Long Live the Loophole
Let us hope that the tax credit will return in full force, until that wondrous day when the entire federal revenue system will be one gigantic loophole.
Foreign Capital Investment: The Antidote to Global Inequality
[Economic Policy: Thoughts for Today and Tomorrow (1979), Lecture 5 (1958)]
Some people call the programs of economic freedom a negative program. They say, “What do you liberals really want? You are against socialism, government intervention, inflation, labor union violence, protective tariffs.… You say no to everything.”
Thank You to the Mises Institute
The most dangerous man to any government is the man who is able to think things out for himself.
Thoughts on Capital-Based Macroeconomics
Economic theory had been rejecting this conclusion for generations, but it was suddenly made respectable by Keynes.
Government Bloat is Not Growth: Real Gross Domestic Private Product, 2000–2011
In the 1930s and 1940s, when the modern system of national income and product accounts (NIPA) was being developed, the scope of national product was a hotly debated issue. No issue stirred more debate than the question, Should government product be included in gross product? Simon Kuznets (Nobel laureate in economic sciences, 1971), the most important American contributor to the development of the accounts, had major reservations about including all government purchases in national product.
