Jim Cox was born in Atlanta, and grew up in Decatur, Ga with degrees from the University of GA in Marketing and GA State University in Economics and now lives in Tucker, GA with his wife, Cherie. He is an Associate Professor of Economics and Political Science at Georgia Perimeter College in Clarkston, Georgia and has taught the principles of Economics courses since 1979. Great Ideas for Teaching Economics includes nine of his submissions.
Declaration of Independence (1776): “That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it…”
A Pledge to America (GOP, 2010): “Whenever the agenda of government becomes destructive of these ends, it is the right of the people to institute a new governing agenda and set a different course.”
Randall W. Forsyth, writing for Barron’s early spring 2009, wrote about Austrian economists, “Their ideas warned us of the bubble; their prescription for the bust is too harsh, however.”1 Now that the NBER has announced that the current “Great Recession” ended in June 2009, after 18 months, let’s reexamine this claim.
[Excerpted from What Has Government Done to Our Money?]
To understand the current monetary chaos, it is necessary to trace briefly the international monetary developments of the 20th century, and to see how each set of unsound inflationist interventions has collapsed of its own inherent problems, only to set the stage for another round of interventions. The 20th-century history of the world monetary order can be divided into nine phases. Let us examine each in turn.
Political fundraising is dramatically down.
Austrian Economics: Application on Norwegian Business Cycles by Håkon Bjerkenes, Håkon Kiil, and Paal Anker-Nilssen (Norwegian School of Economics and Business Administration)
Apple’s MagSafe Power Adapter adapter is really a wonderful invention which saves laptops and power cords by safely disconnecting them when one trips over or pulls the power cord. It’s therefore no surprise that the design of the power adapter is heavily patented and protected by Apple. Whatever you think about patents, it at least makes sense that Apple would want to prevent competitors from imitating their design.
Warren Buffett’s partner at Berkshire Hathaway Inc. Charlie Munger told students at the University of Michigan “You should thank God” for the bank bailouts. Without George W., Obama and Bernanke, civilization as we know it would have gone down the drain, making a comparison to Weimar Germany.
He published books on inventions with information that the guilds tried to suppress. He declined patents on his own inventions. He loved “pirated” editions of books. His Almanac was essentially the Google of its time. He opposed every attempt to close off information flows. Full treatment here.
