A half-dozen papers together with formal comments and an introduction have been assembled to help establish the state of interpretation of Keynes. The contributors to this volume are ideologically like-minded but geographically diverse (Australia, Brazil, Canada, Great Britain, Italy, and the United States are represented).

At the end of March the yield on the ten-year T-note closed at 3.833%, up from 3.617% the month before. Note that at the end of March last year the yield stood at 2.67%.

Doug French on Mises, Rothbard and the Advancement of Free-Markets with Scott Smith and the Daily Bell

Introduction: Douglas French is president of the Mises Institute and author of Early Speculative Bubbles & Increases in the Money Supply. He received his Masters degree in economics from the University of Nevada, Las Vegas, under Murray Rothbard with Professor Hans-Hermann Hoppe serving on his thesis committee.

Once again, Ron Paul gets the lowest GOP score from the U.S. Chamber of Commerce

By: Timothy P. Carney

The U.S. Chamber of Commerce has issued its 2009 congressional scorecard, and once again, Rep. Ron Paul, R-Tex. — certainly one of the two most free-market politicians in Washington — gets the lowest score of any Republican.

David Ignatius penned a piece for today’s Investors Business Daily warning U.S. politicians not to dither. America has a growing federal deficit and, “The sensible real-world answer, many economists argue, is a value-added tax that would encourage saving at the same time it pays down the deficit to manageable levels. But politicians are terrified of being right too soon on this one,” writes Ignatius, who goes on to say that the U.S. is guaranteed to have a debt crisis.

Government is constrained only by the inflation it can create by over-spending, but its ability to spend is numerically unlimited. — Pavlina R. Tcherneva, Assistant Professor, Franklin and Marshall College

The dollars are nothing more than data entry on the Fed’s computer. They have no other existence. And it has no impact on the government’s ability to spend as to whether China’s dollars are in their checking account or savings account. — Marshall Auerback, Senior Fellow at the Roosevelt Institute and Warren Mosler, President, Valance Co.

NYT, March 16, 1913, on the eve of World War I: “The news of the assassination of King George has caused profound emotion throughout Greece. Telegrams confirming the report of the murder were received this evening from Prince Nicholas and from the Greek Administrator of Salonika, but full details of the crime are lacking.