Hegel: The State as God’s Will
[This article is excerpted from volume 2, chapter 11 of An Austrian Perspective on the History of Economic Thought (1995).]
Does Protection Raise Wages?
Is it true that protection, which admittedly makes you pay dearer for everything, and entails a loss on you in this respect, raises your wages?
Nominal Prices
Distrust nominal prices; they will only land you in an inextricable labyrinth.
Dancing on the Grave of Keynesianism
The Keynesians are eventually going to face what the Marxists have faced since 1991.
The Curse of Circulation Credit
Friedman on Intolerance: A Critique
In Milton Friedman’s view, if you are not tolerant, you cannot be a libertarian.
An International Bank? July 19, 1944
“The drive for a $10,000,000,000 International Bank for Reconstruction and Development illustrates once more the fetish of machinery that possesses the minds of the governmental delegates at Bretton Woods. Like the proposed $8,800,000,000 International Monetary Fund, it rests on the assumption that nothing will be done right unless a grandiose formal intergovernmental institution is set up to do it. It assumes that nothing will be run well unless Governments run it. One institution is to be piled upon another, even though their functions duplicate each other.
Garrison on Keynes, Hayek, and Wicksell
Roger Garrison reviews Tyler Beck Goodspeed’s Rethinking the Keynesian Revolution: Keynes, Hayek, and the Wicksell Connection (Oxford, 2012) for EH.Net. Writes Roger:
The most recent episodes of unsustainable booms (centered on digital technology in the 1990s and housing in the 2000s) have rekindled interest in the clash between Keynes and Hayek.
How Central Banks Fund Our Age of Endless War
It is no coincidence that the century of total war coincided with the century of central banking.
Krugman’s MMMF Question
Let Me Google That for You, Paul
By Mark Thornton
Paul Krugman attacked Ron Paul, Paul Ryan, and “honest money” and also took a shot at Austrian economists on his blog recently. He called honest money a “Ron Paul dog whistle” and then went on to query Austrian economists on their position on money-market mutual funds (MMMF). He doesn’t expect a serious answer.
