Bernanke will not let you lower your prices
Marketwatch quotes Bernanke on a new benchmark: “We will not let prices fall at 10% a year.” Good thing he hasn’t been running the computer industry for the last 15 years.
Privatizing Sewage Treatment
From the local paper this morning, a story about the growing trend of new housing developments providing their own sewage treatment facilities on-site. Excerpt:
What’s the deal with Greenspan’s dissertation anyway?
The Sphere of Economic Calculation
1. The Character of Monetary Entries
Economic calculation can comprehend everything that is exchanged against money.
Is the FairTax Fair?
Just published (in print and now online) is an interview I did with Atlanta Life Magazine (April issue) on this subject in the form of replies to three questions about the FairTax. Answering the same three questions, but in favor of the FairTax, is Ken Hoagland, the national communications director for FairTax.org.
Rothbard-Reisman “Roy Cohn” Speech
The other day, I was listening to George Reisman’s wonderful speech, Memories of Mises, Rothbard, and Rand (Recorded 08-02-2005). There’s a part in it where he plays for the audience a recording of a speech he gave in the 1950s at a Roy Cohn event at which McCarthy was present.
All the Regulators Need is More Power?
As we embark down the path of sweeping regulatory reform of the US financial system, it useful to review the results of the previous reform. Supposedly, accounting standards were overhauled and clarified under the Sarbanes-Oxley Act of 2002 to prevent companies from using accounting trickery to obscure their published financial results.
The Uses of History
Gordon Wood’s defense of objective history is salutary, and besides this, as one would expect from a historian of his eminence, he makes many illuminating remarks about concrete issues in American history. Despite its considerable merits, though, his book suffers from a fundamental flaw. He protests against ideologists who impose their own concerns on the past; but Wood himself has definite views about the nature of the past that are as much theoretical impositions as those of the writers he challenges.
Morality and Political Violence
[Morality and Political Violence. By C.A.J. Coady. Cambridge University Press, 2007. Xi + 317 pages.]
Professor Coady is best known for a book on the epistemology of testimony, Testimony: A Philosophical Study (Oxford University Press, 1992); but he has also established a well-deserved reputation as an authority on the just-war tradition. In Morality and Political Violence, he has produced a major work, characterized by an abundance of good sense and acute argument.
