Many of you maybe celebrating St. Patrick’s Day with a cool glass of Ireland’s iconic beer: Guinness.
Someone who uses Twitter under the handle @Numba1TSwiftFan and goes by TaylorSwiftForeva is a fan of both Taylor Swift and Austrian economics.
When big time celebrity blogger Perez Hilton tweeted “Taylor Swift keeps winning,” TSF responded, “Couldn’t agree more!She is being vindicated just like the Austrian economists.” Perez “retweeted” the response, putting it in the feeds of 6.3 million Twitter users. (Thanks to James Miller.)
David Howden reviews Daniel Kahneman’s book /Thinking, Fast and Slow/. Kahneman won the Nobel Prize in Economics, but is a psychologist. Its a very interesting review and Howden shows us the weakness in Kahneman’s analysis.
Host: The question of the morning: Do you want to break out the phrase again, irrational exuberance?
[Excerpted from Theory of Money and Fiduciary Media edited by Jörg Guido Hülsmann, which celebrates the centennial of the great work by Ludwig von Mises, known in English-speaking countries as The Theory of Money and Credit.]
Warren Buffett’s father Howard (an anti-New Deal and anti-interventionist Congressman) wrote to Murray Rothbard in 1962 about sending some of Murray’s books to his son. Judging from Warren’s recent comments, it seems the books were lost in the mail. So Mark Thornton has sent this care package to the billionaire investor.
Frank Shostak says NO!. See:
Should the Fed Reverse Its loose Stance
Some Highlights:
Contrary to popular thinking, loose monetary policy, which leads to a misallocation of resources, weakens the economy’s ability to generate final goods and services, i.e. real wealth.
This means that loose monetary policy not only cannot provide support to the economy but on the contrary undermines the foundations for economic growth.
[Excerpted from Theory of Money and Fiduciary Media edited by Jörg Guido Hülsmann, which celebrates the centennial of the great work by Ludwig von Mises, known in English-speaking countries as The Theory of Money and Credit.]
