Concerning the letter from economists protesting the Fed’s QE2, perhaps the details of monetary policy have been the subject of this level of public debate before, but I don’t recall it personally. At the same time, I’ve never heard of a Fed governor who was so open about his plan to inflate the money supply. It was almost as if he wanted to generate inflation expectations and play off market psychology to drive down the dollar.
My Forbes.com article proposing that we abolish the TSA has gotten a surprising amount of attention; it’s up to almost 70,000 views with over 3,000 Facebook shares and 500 tweets. Not bad for an article that’s about 18 hours old. Here are a couple of additional thoughts to further the conversation:
Yet another alarming IP development–a post from Volokh by David Post (h/t Skip Oliva):
Once Again, the Copyright/Trademark Tail Tries to Wag the Internet Dog
David Post • November 13, 2010 9:17 am
Robert Shiller warns that taxpayers–those stupid people who irrationally object to being looted to benefit large banks and corporations because these stupid people don’t understand how stealing trillions is actually a necessary and wonderful thing–are not up for another round of bailouts, and yet such bailouts are inevitable. In fact, they’ve barely begun, he says. So the next time around, the state and its connected elites need a better vocabulary in which to frame the criminal enterprise.
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What follows is a short article on the Austrian rationale behind both Wikipedia and the new Mises Wiki. This article introduces some important concepts, explains the virtues of Wikipedia, and then illustrates the key differences between it and Mises Wiki. This is not so much an exposition of Mises Wiki as it is a Misesian and Hayekian interpretation of the project.
Given the standard accounts of the origins of economics, the claim that the Scholastics made a significant contribution to economic theory may seem somewhat surprising, even perverse.
[Excerpted from “Harry S. Truman: Advancing the Revolution,” in Reassessing the Presidency: The Rise of the Executive State and the Decline of Freedom]
Gerard Casey is a Professor in the School of Philosophy at University College Dublin, Adjunct Professor at the Maryvale Institute (Birmingham, UK) and Adjunct Scholar at the Ludwig von Mises Institute (Auburn, Alabama, USA). He was Head of Department/School from 2000 to 2006. He was previously a faculty member of the School of Philosophy in The Catholic University of America (Washington, D.C.), 1983-1986. He received his BA from University College Cork, then went on to receive an MA and PhD from the University of Notre Dame.
