Throughout his long presidency, writes historian Ralph Raico, FDR was hotly opposed, even pilloried, by a host of intelligent, respected, and patriotic men and women. The most consistent of his adversaries formed a loose coalition known today as the Old Right. There is little doubt that the best informed and most tenacious of the Old Right foes of Franklin Roosevelt was John T. Flynn.

Henry Hazlltt’s The Way to Will Power (1922) is darn near impossible to find, so we are grateful to Gil Guillory for giving us this PDF of the book. The scan is awful but that is not Gil’s fault. It is a mucky edition. If I recall correctly, Hazlitt was later a bit embarrassed by this book, and it was never reprinted. I’m not sure he was right to embarrassed at all. I’ve not spent much time with it, but it seems like an effort to apply the Stoic system of ethics and virtue to modern life.

Bush has declared that ``I don’t think we’re headed to a recession.’’ And repeatedly uses words like “strong” and “robust” to describe the current state of affairs.

Human Action is available through Amazon, after having been lost in the shuffle of editions out there. This is the only version that is the first edition published in 1949. It is, however, more expensive than buying directly from Mises.org.

While Austrians often trace out the effects that the issuance of unbacked currency has on the structure of production (the so-called Austrian Business Cycle Theory), there is also an effect upon individual households and the social mores surrounding the use of credit.

My favorite personal finance author, Dave Ramsey, writes on his website:

I’ve been struck by what a lost treasure is Essential of Economics by Faustino Ballve. For the person just getting oriented, it makes an excellent 2nd book after Hazlitt’s Economics in One Lesson. The book came out in the mid 1960s and stayed in print for some years, but then vanished for no good reason. This new edition is very beautiful and the text itself holds up marvelously well. It is organized into ten lessons of economics. The prose is stable, clean, and always interesting. It is not too long either, and none of it seems dated.

Here is a howler from Paul Krugman:

“Even drug dealers have stopped accepting the dollar,” Joseph Salerno said during a speech entitled “The return to the gold standard” last night.