The Relentless Misery of 1.6 Gallons
The law, passed during an environmentalist hysteria, mandated that all toilets sold in the U.S. use no more than 1.6 gallons of water per flush. This was a devastating setback in the progress of civilization.
Weapon of Monetary Destruction
In an extended propagandistic interview in Time magazine, Ben Bernanke is finally asked the crucial question:
Free Banking and Contract Law
Those Americans who twice succeeded in doing away with a central bank were aware of the dangers; but they failed to see that the evils they fought were present in every kind of government interference with banking.
Keynesianism and Socialism
If government should take a man’s earnings because he wants to save too much, why should it not take them on the ground merely that someone else needs or wants them?
Menger Explains the Origins of Money
Foreword by Doug French
The public’s understanding of what money is and its origins has devolved to the point where the government monetary authorities can now inflate with impunity, with the ultimate result to be the destruction of the division of labor undoing all of mankind’s progress to date. The average Joe and Jane must trust the wise men and women working secretly in central banks around the world with what passes for money — paper and digits on a computer screen. These banks are the largest employers of academically trained economists.
Thinking Resolutions Through
Socrates argued that the unexamined life was not worth living. So, in a world short on serious reflection, New Year’s resolutions can lead to useful self-examination. But it is important that we think through our resolutions, or we can undermine their purpose.
Always a good excuse for the total state
I keep having these run ins with the law over my desire to unclog my nose. Earlier today I tried to buy Mucinex but was declined because my driver’s license is technically expired, only a few days ago. Now, just last week I was in the drivers license bureau doing some stupid tag thing and I asked about this expiration date. They said not to worry about it now; I have sixty days to get it renewed. But apparently the pharmacy doesn’t go along with that idea. They ripped the stuff right out of my bag and told me to go home with a stuffy head.
The Decline of Scholasticism
Sixteenth-century Spain has well been called the Indian summer of Scholasticism. After that, its decline, not only in Spain but throughout Europe, was rapid. Part of the reason was a stubborn clinging to the form of the prohibition of usury.
Applied Value Investing, Austrian Style
To all those college kids who have ever asked me if I apply my “macro” beliefs to my investment methodology, I strongly suggest you pick up what Mr. Calandro has to offer. It is well written and worthwhile.
Economic Fallacy
Here is Henry Hazlitt exercising his gift for lucidity to produce a book entitled Economics in One Lesson. If there were such a book this would be it. It deals with those “economic fallacies that are at last so prevalent that they have almost become new orthodoxy,” — to the point that now there is not a major government in the world whose economic policies are not influenced or in fact determined by them.
