Hooray, the Recession Is Over!
Just as more and more analysts are worried about the economy imploding again, the NBER announces that the recession ended back in June 2009. The whole episode underscores the crudity of mainstream economics.
Can Politicians Help Us?
“Citizens, in the end, are “helped” by having been given unemployment, higher prices, fewer savings, and an uncertain future.”
The word “politician” usually comes with a negative connotation. It often brings to mind thieving, lying, corruption, and malfeasance. Nonetheless, most people seem to look to politicians to manage their world for them, to protect them, and to make their lives better. In every instance of local or national elections, citizens are deeply focused on choosing the politician they think will do the best for their community or nation.
The Decivilizing Effects of Government
If there is anything that government is actually good at doing, it is destroying things. Strangely, love for this destruction has become a popular cause, revealed in the push for “sustainability” and the banning of technologies that improve our lives.
Is a Reduction in Unemployment the Key to US Economic Recovery?
Unemployment is a symptom of recession but not a cause. Repairing the problem of jobs by finding something for people to do for pay, writes Frank Shostak, will not fix the underlying issue that keeps the economy from fully recovering.
No Treason, no. 1
Before the civil war, there were some grounds for saying that, at least in theory, our government was a free one — that it rested on consent.
The Chimera of the Group Mind
[Excerpted from chapter 9 of Theory and History.]
In their eagerness to eliminate from history any reference to individuals and individual events, collectivist authors resorted to a chimerical construction, the group mind or social mind.
Christine O’Donnell’s Economic Views
From the press coverage after the election, I would never have known the Christine O’Donnell seems to generally sensible on economic issues. In this interview from July, she explains the need to reduce regulations and lower taxes. She also understands why: business needs to accumulate private capital in order to hire and expand. From the interview, you would think that she is libertarian on economic issues, which is to say that she is sensible.
NBER: Recession ended last June
Just in case you hadn’t realized it or that it doesn’t seem like it, according to the National Bureau of Economic Research, the recession ended in June of 2009. You see they got together and had a conference call yesterday and decided that last June the U.S. economy turned positive.
Regime Uncertainty and Bond Yields
If mainstream analysts continue to disregard the role of regime uncertainty in the major depressions of the modern era, especially in accounting for their extraordinary duration, then they will only demonstrate the poverty of their own mode of analysis.
Where Have You Gone, Ludwig von Mises?
Mises was the premier Austrian economist of his generation, whose legacy reveals him to be the greatest economist of the 20th century. Almost singlehandedly, he kept the embers of free-market economics burning during the interwar years.
