Bank Crisis!
Why does this domino process affect only banks, and not real estate, publishing, oil, or any other industry that may get into trouble?
Why the Greenbackers Are Wrong
A subset of the end-the-Fed crowd opposes the Fed for peripheral or entirely wrongheaded reasons.
AERC in the Classroom
Robert Wenzel reports, regarding his Hazlitt Memorial Lecture at AERC:
Stopping the Keynesian Death March
In a previous Circle Bastiat post, I highlighted Rothbard’s recommendations for reducing deficits.
The two major points were:
1. “While deficits are often inflationary and always pernicious, curing them by raising taxes is equivalent to curing an illness by shooting the patient.”
2. “Deficits, then, should be eliminated, but only by cutting government spending.”
Mainstream Economics
This new paper from Economic Inquiry provides a new meaning to Harry Truman’s famous desire for a one-armed economist:
The Most Important Question about Human History
According to Gary North, it is: why did economic growth compound, starting in the 1800s? There is no definitive answer yet. But North thinks Deirdre McCloskey is on the right track by looking to the 17th century Dutch for the root cause.
The Lou Church Memorial Lecture, sponsored by the Lou Church Foundation, presented at the Austrian Economics Research Conference. Recorded 21 March 2013 at the Ludwig von Mises Institute. Includes an introduction by Joseph T. Salerno.
Elizabeth Warren’s Unwarranted Wage
Senator Elizabeth Warren (D, Organized Labor) has put paid to the possibility of our use of the reductio ad absurdum. With her $22 per
hour minimum wage (or is it $33?) she has seen us, raised us, doubled down, and in every other way possible demonstrated that she is impervious to logic
and basic economics.
The Best Two #AERC Tweets
One from someone who watched talks from the Austrian Economics Research Conference online (click to enlarge):
And one from an attendee:
Rothbard on the Six Stages of the Libertarian Movement (VIDEO)
From the description:
Raico on Wenzel’s AERC Talk
The great historian of classical liberalism Ralph Raico wrote to Robert Wenzel:
Bob, I’ve just listened to your talk on the history of the Soviet Union. It is magnificent! The amount of scholarship is overwhelming. You did a truly great job. Regards, Ralph
This is that AERC talk, which was the Henry Hazlitt Memorial Lecture, sponsored by James M. Rodney, delivered on Thursday March, 21, 2013 at the Mises Institute:
