Not Enough Inflation?
A closer look at the actual data reveals what Paul Krugman conveniently chooses to leave out.
Deficient Demand or Structural Unemployment: Hayek, Keynes, and Phelps
Russ Roberts at Café Hayek highlights a 2011 paper by E. Phelps on Hayek-Keynes and the recent crisis and current slow recovery. Roberts quotes the end of Phelps’s paper which is strongly anti-Keynesian:
Paradigm Shift
Did you know this is the semicentennial year not only for Rothbard’s Man, Economy, and State, but also for Thomas Kuhn’s Structure of Scientific Revolutions? David Kaiser offers some reflections at Nature.
Rothbard in the Indian Supreme Court
In a Supreme Court of India case concerning that country’s tyrannical Right of Children to Free and Compulsory Education Act, the dissenting judge, S. H. Kapadia a judge cited Rothbard:
Mr. Murray N.
Applying Capital-Based Macroeconomics: Interview with John P. Cochran
Austrian economist John Cochran was interviewed for “La Escuela Austriaca desde Adentro” (The Austrian School from Inside), Vol. III edited by Adrián Ravier, which is scheduled for publication later this year. Here is that interview.
The War on Speculators Continues
President Obama thinks he knows how to soothe everyone’s pain at the pump. The White House will unveil a $52 million proposal Tuesday at the White House, where he will be joined by Attorney General Eric Holder. According to the Associated Press,
Hospital of Cards
The US healthcare system is a huge bubble fueled by misguided policies that are sustained by the government’s ability to borrow money at artificially low interest rates. When either the policies change or the flow of credit to the US government stops, the bubble will burst.
Free Market Environmentalism
Join Walter Block on Friday, May 4 at 7pm Eastern for a private webinar on Free Market Environmentalism.
Dr. Block writes:
All too often free enterprise is blamed for environmental problems. I will demonstrate that the real problem is statist takeovers of private enterprise and violation of private property rights.
Austrian Pie
Over at the Beacon blog, Misesian Robert Higgs has posted a delightful and poignant retrospective on the development of modern Austrian economics in the artfully modified lyrics of Don McLean’s pop classic, American Pie .
Mises in Germany’s no. 1 business weekly
Germany’s Wirtschaftswoche just published a major story on Mises’s life and works, stressing his contributions to business cycle theory. The “intransigent visionary” provided the theoretical framework for analysing, understanding, and correcting our present financial quagmire.
