Robert Blumen on Power Trading Radio
On the show Robert Blumen discusses the science of deflation and the price of gold.
Economic Fascism and the Power Elite
The state—the organization of the political means—is the institution that allows an idle, unproductive class of parasites to live at the expense of ordinary, working people, whose means are industrious activity and consensual exchange in the marketplace. We ought not assume, however, that the indigent segment of society, those who receive social welfare aid from the state, are necessarily foremost among the parasites of the political means.
Sequestration Math
The media are bombarding us with stories of how sequestration, with its “drastic cuts” in government spending, will affect our lives. Marketplace ran one yesterday about the USDA and the potential loss of federal meat inspectors. Don’t worry, we were told, the authorities won’t allow tainted meat on the shelves! But they might inspect more slowly, meaning less meat for sale, and higher prices.
Lincoln’s Inversion of the American Union
Part 5 of “The Secession Tradition in America,” a paper presented at the 1995 Mises Institute conference, “Secession, State, and Economy.” Click here for Part 4, “Peaceful Disunion in Europe.”
Central Banks Debunked
Gerald P. O’Driscoll’s hard-hitting piece in today’s Wall Street Journal, Debunking the Myths about Central Banks is well worth reading.
The Great Sequester Ho-Hum
Economist and former Texas US Senator Phil Gramm recalls the budget sequesters in today’s Wall Street Journal:
The Errors of Keynes’s Critics
Demand is constituted by supply; according to Say’s Law, supply is demand. If you want to get to the essence of Say’s Law you must never think in terms of aggregate demand and aggregate supply. If you want to defeat Keynesian economics, you need to wage war on the very notion of aggregate demand. Nothing else will do.
Bernanke the Comedian
Dr. Brendan Brown is an eminent financial economist in the City of London and the author of The Global Curse of the Federal Reserve, initially published in 2011 and just released in its second revised edition.
America’s Great Depression Quote of the Week: The Nature of the Boom and Bust
Boom and Bust: What must be explained in any theory of the business cycle?
First and foremost is the general cluster of errors. See Hulsmann’s Toward a General Theory of Error Cycles:
The $59 Recession Solution
George at “Barbarous Relic”, writes:
