The Myth of Japan’s Lost Decades
Japan’s economy has not been stagnant; it has in fact been growing in real terms.
Capitalism at the Farm Stand
They think they are doing battle with capitalism and corporate greed; I say it is a pure and beautiful example of a market exchange.
The “Old Lady” Hasn’t a Clue
A recorded mini lecture and video display purported to explain this mysterious phenomenon (mysterious to the Old Lady of Threadneedle Street, anyway). I knew that I was going to hear either a self-critical explanation or, more likely, some hogwash. Hogwash won, hands down!
Friedrich Hayek and American Science Fiction
When Hayek came into Mises’s employ, he favored the democratic-socialist politics of Wieser, his mentor at the university.
So What Are You Doing This Summer?
Summer is fast approaching, and that means it’s going to be time for some of my favorite summer traditions: week-long seminars on economics, political theory, and philosophy aimed at the study of liberty. I have attended and taught at seminars sponsored by the Mises Institute, the Foundation for Economic Education, and the Institute for Humane Studies. This summer, I’m teaching at an IHS “Liberty and Society” seminar at Bryn Mawr College near Philadelphia. A friend from IHS asked me to mention that the application deadline for IHS summer seminars is tomorrow. Here’s a quick rundown.
Anne Hathaway and Automatic Trading
Faced with such apparently nonsensical results as the Anne Hathaway effect, automatic trading programs look silly. On the other hand, this is true of any task to which humans put computers; it doesn’t mean computers are useless.
On the Cause and Effect of Interest Rates
It is a common idea, accepted by all those who have written on commerce, that an increased quantity of money in a state decreases the rate of interest, because when money is abundant it is easier to find some to borrow. This idea is not always true or accurate. For proof, we need only to remember that, in 1720, nearly all the money in England was brought to London.
The Cure (Low Interest Rates) Is the Disease
The artificial lowering of the interest rate causes malinvestment and the ensuing financial and economic “crisis.”
The Mind of Hans-Hermann Hoppe
In this wide-ranging interview, he discusses most of insights that have made him a globally renowned intellectual leader. It is an introduction to Hoppe.
The Bad Word
Fascism’s roots are not indigenous to Italy but are to be found in all Western societies; the New Deal is but one example.
