The Little House Books: A Pioneer Chronicle
Laura was born in 1867, and lived for 90 years. Her daughter, Rose Wilder Lane, who died in 1968, is well known to libertarians as the author of “The Discovery of Freedom”.
Is There Such a Thing as Good Inflation?
Last week a student in my MBA-level intermediate-macro seminar raised a provocative question. We were discussing the various kinds of (price) deflation and which kinds, according to Austrians, are benign and accommodate consumer preferences, and which are malignant and conflict with consumer preferences.
Financial Censorship Growing
If you want to buy a book or DVD from the Web site of Writer David Irving, you’ll no longer be able to use your American Express card, and that wasn’t Irving’s idea. It was the idea, evidently, of New York State Assemblyman Dov Hikind, who represents the district of Borough Park, Brooklyn, New York.
What Is Statism?
The Specific Value of Money
[Excerpted from Human Action, Scholar’s Edition, pp. 425–427.]
More cash for fewer clunkers
The CPI rose three tenths of one percent in October and one of the big factors was the rise in used car prices. Used car prices increased 3.4% in October. This is no doubt due to the hundreds of thousands of cars taken off the market and destroyed by the cash for clunkers program. This is good news for those trading in used cars to buy a brand new one, but bad news for those struggling to get basic transportation to get to work.
The Fed Plan: Two More Years of Stupid Things
The WSJ reports on an interview with a Fed official who says that the central bank will keep rates at 0% for two more years at least. But right now, banks have no reason to lend (zero earnings) and no one has any reason to save (zero earnings), and the risk associated with long-term projects is nowhere reflected in these obviously phony rates signals.
Rothbard on Panic Then and Now
Rothbard’s detailed review of the many specific actors in the debate of the early 1800s, when the banking system was in its formative stage, suggests that policy discussions back then were more sophisticated than now.
A Pro-Free-Market Program for Economic Recovery
The most important single step on the road to economic recovery is the establishment of a 100-percent reserve system against checking deposits. Ideally, the 100-percent reserve would be in gold.
The Government’s Campaign: Kahlúa Kills
Can we really believe that the FDA bureaucrats are worried about our health and well-being? That these lifetime looters of the taxpayer are sincerely worried about our intake of caffeine and liquor?
