Some commentators, such as John Taylor (the inventor of the Taylor rule), are urging the US central-bank policy makers to start considering a tighter stance as soon as possible, in order to prevent a repetition of the Greenspan Fed’s interest-rate policy, which kept rates at very low levels for too long.

Introduction by Murray N. Rothbard

We are all indebted to Carl Watner for uncovering an unknown work by the great Lysander Spooner, one that managed to escape the editor of Spooner’s Collected Works.

I need to put on a hat just so I can take it off to GM’s spin doctors. They are clearly among the best in the world. What other company can claim that losing $1.2 billion in a mere 3 months while planning to use government money to repay a government “loan” is a sign of a healthy and recovering enterprise? Read the full article here.

In Jeff Tucker’s superb article If You Believe in IP, How Do You Teach Others?, he notes Rand’s increasing focus on exalting the creator and elevating “intellectual rights” to such a height that they totally trump real rights. This is no exaggeration.

An English translation of Adolf Reinach’s “Adolf Reinach: The Apriori Foundations of the Civil Law” (1913) was included in a special edition of the journal Aletheia in 1983. I’ve scanned in my copy since it is breaking apart (it is unfortunately adorned with my underlining and notes). The scan is here (PDF, 26MB), and includes:

[This article is excerpted from An Austrian Perspective on the History of Economic Thought, vol. 1, Economic Thought Before Adam Smith.]

[This article is based on a speech delivered at Mises University 2009 (July 30, 2009; audio; video).]

A highly informative piece by Alf Field, a must read really:

In February 2009 Zimbabwe was the only country in the world without debt. Nobody owed anyone anything. Following the abandonment of the Zimbabwe Dollar as the local currency all local debt was wiped out and the country started with a clean slate.