Bernanke’s Zero Rates: a Jelly Donut Scream
The Bernanke Fed’s Jelly Donut force-feeding of the economy isn’t making a dent in the unemployment rate, but it’s inspiring a scream at the art auction. Carol Vogel reports for The New York Times,
Profits
Although every businessman aims to earn a “profit,” he usually knows very little about the economic nature of his objective.
Want to Have Less of Something? Make its Provision a “Right”
John Tamny at Forbes cites Mises to explain how the Lone Path to Cheap Healthcare is Expensive Healthcare, and how the path to highly scarce healthcare is state-mandated “free” and “affordable” healthcare.
“Healthcare is not an inalienable right as the Left maintains. How could it be, considering it didn’t even exist until very recently and still doesn’t for much of the world?” – Bill Flax, The Courage To Do Nothing, p. 112
The 99 and the 1
[Free Market, January 2012. You can subscribe by becoming a member.]
“We are the 99%!” This slogan of the Occupy Wall Street protesters has been called the most memorable quote of the past year. Those who rally to its cry do so in opposition to the villainous 1%.
Currency Debasement and Social Collapse
Knowledge of the effects of government interference with market prices makes us comprehend the economic causes of a momentous historical event, the decline of ancient civilization.
Paul vs. Paul: the Video
Check out Ron Paul’s great comeback at 4:04. Krugman accused Paul of wanting to go back a hundred years in monetary policy. Paul pointed out that Krugman’s inflationism is going back over a thousand years to go the ruinous currency debasement of ancient times. (In Human Action, Mises argued that such debasement led to the fall of the Roman Empire.)
Herding Lizards
The lizard part of our brains pushes aside the cognitive areas when we make investment decisions.
Death Panels in Britain?
A majority of British doctors polled call for denying medical care to smokers and the obese.
The True Conception of the Use of Goods
All material goods (Sachgüter) are of use to mankind through the action of the natural powers that reside in them. They are a part of the material world, and for that reason all their working, including their useful working, must bear the character that working generally has in the material world; it is a working of natural powers according to natural laws.
How Should Prices Be Determined?
Our analysis leads us to the conclusion that governments should refrain from trying to fix either maximum or minimum prices for anything.
