A Personal Note on Lew

I just heard from Lew Rockwell and he made it out of surgery just fine. He had serious surgery done on the back of his eye, not super dangerous but quite harrowing. It took a good part of the day yesterday. Apparently it will be a month or so before we know how much good it did and what the prospects are. But the important thing is that he is feeling fine and recovering. Thank you for all your thoughts and prayers.

The Myth of the Independent Fed

Bernanke is said to support stimulus (NYT): “If Mr. Bernanke opposed Congressional action on the ground that spending increases and tax cuts would increase the budget deficit, the Fed might restrain its own effort to stimulate the economy with lower interest rates. Mr. Bernanke wants to keep the Fed out of political jockeying, but he is also wary of endorsing measures that could aggravate the government’s long-term fiscal problems....

Last Knight Live Blog 22 Kraus

One reviewer of the second edition of Socialism commented: “In some circles Mises is called the last representative of a liberal economic order. He is certainly not the last, but after many years the first who has dared to think through all the consequences of such an order [liberal economic order], and to erect and demonstrate a doctrine with unshakable logic.”

Class War and Wal-Mart

The general bias against Wal-Mart extends far deeper than any generic bias against capitalism or against Wal-Mart’s success. The people who hate Wal-Mart seem to have few scruples about shopping at Bed, Bath & Beyond or Target. Even if Target enjoyed a market share similar to that of Wal-Mart, it’s difficult to imagine the same culturally based disdain being directed with nearly as much passion at Target as has been the case for Wal-Mart.

Venezuela cuts zeroes from currency in hope of stalling inflation

GATA links to this story:
    -- Venezuela launched a new currency with the new year, lopping off three zeros from denominations in a bid to simplify finances and boost confidence in a money that has been losing value due to high inflation. President Hugo Chavez’s government says the new currency -- dubbed the “strong bolivar” -- will make daily transactions easier and cure some accounting headaches.