Mises, Rothbard, and Hayek in the WSJ
In the Wall Street Journal editorial (”How the Fed Favors the 1%”) Doug French pointed out last week, the author, hedge fund CIO Mark Spitznagel, draws on Hume, Mises, Rothbard, and Hayek.
Two lectures in Gent
Belgium is not only the host country to the central planners from the European Commission in Brussels. It is also the land of great charming historical commercial towns such as Bruges, Antwerp, and Gent.
Spitznagel tells it like it is in the WSJ
In a wonderful piece for the Wall Street Journal’s editorial page, hedge fund CIO Mark Spitznagel explains how the 1% receive the money first and benefit from the Federal Reserve’s policies.
The Fed, having gone on an unprecedented credit expansion spree, has benefited the recipients who were first in line at the trough: banks (imagine borrowing for free and then buying up assets that you know the Fed is aggressively buying wit
Dictionary of Liberalism
In his magnificent Classical Liberalism and the Austrian School, Ralph Raico recently stressed that there never has been any such thing as “classical” liberalism. There was and is only liberalism, an intellectual movement centred around the notion that society is working by itself and does not need to be supported, or reigned in, by coercive government.
Not Enough Inflation?
A closer look at the actual data reveals what Paul Krugman conveniently chooses to leave out.
Deficient Demand or Structural Unemployment: Hayek, Keynes, and Phelps
Russ Roberts at Café Hayek highlights a 2011 paper by E. Phelps on Hayek-Keynes and the recent crisis and current slow recovery. Roberts quotes the end of Phelps’s paper which is strongly anti-Keynesian:
Paradigm Shift
Did you know this is the semicentennial year not only for Rothbard’s Man, Economy, and State, but also for Thomas Kuhn’s Structure of Scientific Revolutions? David Kaiser offers some reflections at Nature.
Rothbard in the Indian Supreme Court
In a Supreme Court of India case concerning that country’s tyrannical Right of Children to Free and Compulsory Education Act, the dissenting judge, S. H. Kapadia a judge cited Rothbard:
Mr. Murray N.
Applying Capital-Based Macroeconomics: Interview with John P. Cochran
Austrian economist John Cochran was interviewed for “La Escuela Austriaca desde Adentro” (The Austrian School from Inside), Vol. III edited by Adrián Ravier, which is scheduled for publication later this year. Here is that interview.
The War on Speculators Continues
President Obama thinks he knows how to soothe everyone’s pain at the pump. The White House will unveil a $52 million proposal Tuesday at the White House, where he will be joined by Attorney General Eric Holder. According to the Associated Press,
