“The Depression was the first time in the history of the U.S. that wages did not fall during a period of significant deflation.” –UCLA economist Lee E. Ohanian
American Banking News is not where I would expect to see a promotion of Ron Paul’s new book, but there it is. And also this.
The City Journal runs a wonderful piece on inflation’s moral cost by Theodore Dalrymple:
It’s Krugman’s lastest manifesto in the NYTMag. It’s all here: how economists were in love with capitalism before the Great Depression (?), how Keynes was the only one who saw the failures of laissez-faire (!), how economists fell in love again with markets in recent years (!!), and how the popping bubble has startled them whereas the great Keynesian Krugman knew it all along (??).
[Chapter 2 of End the Fed by Ron Paul (Grand Central Publishing, 2009), pp. 12–31. The publisher controls reprint permissions for this chapter, and has given permission to Mises.org to run this. Unlike most everything else on Mises.org that is published under Creative Commons, it cannot be reposted or republished, but blogs and sites are welcome to link here.]
Despite a potentially crippling patent injunction against selling Word that Microsoft is battling on appeal, Microsoft, via a senior lawyer, is nevertheless calling for a global patent system “to make it easier and faster for corporations to enforce their intellectual property rights around the world”.
