Jeff Riggenbach opens today’s episode of The Libertarian Tradition with these words:
How rational is the rational animal? In a column entitled “Vudu Lives (Outside the Box),” David Pogue, the engaging technology reviewer for The New York Times, inquires about some apparently perplexing failings of human nature.
We like to think of ourselves as rational creatures. But if that’s true, why do we eat stuff we know isn’t good for us, fall for people who treat us badly and text while we drive?
Fake booms and their consequent busts are directly linked to financial cycles, which in turn reflect the swings in money creation. Fiat money lies at the heart of this process.
[Speech given at “The Birth and Death of the Fed,” February 26, 2010, at Jekyll Island, Georgia. The audio is available in Mises Media.]
This is a valuable video by Sean Malone.
As noted in Justin Levine’s post, Dissent of the Day, a recent decision of the Court of Appeals for the Federal Circuit holds “that a U.S.
