Robert Wenzel reviews Ralph Raico’s new book, Classical Liberalism and the Austrian School,  a a masterful summary and synthesis of Raico’s lifetime work. The book reflects not only Raico’s erudition and keen intellect, but also his wisdom and dry wit.

How many eminent macroeconomists is one clear-thinking and literate economic journalist worth?  Well if the journalist is Caroline Baum of  Bloomberg.com, the answer is at least  five.  In a column this week, Ms.

“Too low too long” Fed Policy; It’s back!

Appropos of my recent blog earlier this week on the causes of China’s inflation, it has just been reported that March saw a surge in internal (yuan) currency loans by Chinese banks of 1.01 trillion yuan (equal to $160.1 billion)  far above the 710.7 billion yuan lent in February.  More significantly, this was the biggest deviation of actual from forecast loans in more than a year.&nbs

While government force may keep companies like AOL alive, consumers will surely be worse off.

Mises’s English-language writings are clear and direct, but he was not a gifted prose stylist like Schumpeter, Hazlitt, or Rothbard (or, for that matter, Keynes, who used sonorous phrasing to conceal murky thinking). Still, some characteristic Misesian expressions — “exploding the fallacy,” for instance — stick in the memory.