Will Nickels and Pennies Soon Disappear?
Due to their copper content, nickels are worth slightly more than 5¢ and pennies minted before 1982 are worth almost 3¢. They won’t stick around.
Is the United States Too Big to Succeed?
Introduction
Although European libertarians continue to produce great works of theory and activism, the United States has been, and seems to remain, the epicenter of the libertarian movement. There are no prominent protests in Europe calling for less governmental help as there are in the United States.
Our Unregulated Banking System, or, Why I Am Not An Interventionist, Part I
I spent a good chunk of yesterday grading in the library at the University of Memphis. My goal was to lash myself to the mast long enough to get through a few stacks of assignments, and as I can’t access the wireless network at UM, their library seemed ideal (incidentally, I was grading assignments in which students were to evaluate Thaler and Sunstein’s claims about “libertarian paternalism”; see this issue of Cato Unbound for interesting essays).
Twin Deficits
At some point, the twin deficits will become unsustainable. Then the debtors will have a choice.
Don’t Just Try
Successful entrepreneurs do not simply try, nor do they waste their money hiring employees simply to try.
Resolv’d: The Julian Simon Club
I’ve posted a couple of times on economics lessons I’ve learned from my kids. Here’s a post from Monday in which I explain subjective value, and here’s another post in which I explain how kids are apparently born Keynesians.
Big Business and the Market
Over the course of 4 meetings during a 2-week period, we will untangle the knot of big business and big government.
Value is Subjective: A Case Study, With A Lesson on Productivity
I’ve said before that being a father has made me a better person and a better economist. Over the summer, it taught me (in a very vivid way) that value is subjective.
Defending the Austrian Explanation of the Great Depression from an Internet Attack
Scott Sumner will have to go back to the drawing board in his attempt to deny that there was any type of inflation during the 1920s.
The Austrian Theory of the Business Cycle: A Story of Calculation, Miscalculation, and Recalculation
The Austrian Theory of the Business Cycle is complex and sometimes counterintuitive. Roger Garrison’s lecture on The Austrian Theory of the Trade Cycle is indispensable, and I was pleased to see that his lecture “Keynes and Hayek: Head to Head” is also available on YouTube. Here, in a few words, is a brief summary of what the Austrian Theory of the Business Cycle entails.
