Whoo hoo for Radiohead

Victory for the idea that free downloads and purchased hard copy can be complements and not always substitutes. NYT : “In a twist for the music industry’s digital revolution, “In Rainbows,” the new Radiohead album that attracted wide attention when it was made available three months ago as a digital download for whatever price fans chose to pay, ranked as the top-selling album in the country this week after the CD version hit record shops and other retailers.”

Recession or Depression?

Many people are finally saying the R word: Recession. The fundamentals don’t look good. The externals are even scarier: dollar and stocks skidding, gold and other prices (particularly producer prices) rising. But what has tipped the psychological scales is the statistic no one has cared much about in many years: unemployment. FULL ARTICLE

Last Knight Live Blog 19 Kraus

Chapter 12, Fresh Start, opens the Part IV of the book titled Mises in His Prime which deals with the period that was both academically productive and rewarding in a number of different respects. Chronologically, the period roughly spans the time after the WWI until Mises moved to Geneva and started lecturing there at the Institute of International Studies in 1934.

Recession or Depression?

Many people are finally saying the R word: Recession. The fundamentals don’t look good. The externals are even scarier: dollar and stocks skidding, gold and other prices (particularly producer prices) rising. But what has tipped the psychological scales is the statistic no one has cared much about in many years: unemployment.

Has John Gray Returned to Classical Liberalism?

Has John Gray come back? Once a classical liberal admired by Murray Rothbard, Gray many years ago abandoned the defense of the free market. Herbert Spencer, he now claimed, was a precursor of fascism; and Friedrich Hayek, no longer in his view a great thinker, was now just another ideologue. To pin down Gray’s ever-changing views was no easy task. When one did manage to understand him, the result hardly repaid the effort. His latest book, though, is in parts much better. In Black Mass, he has not repented and returned to the classical liberal fold.

The Payday Interest Rate Controversy

I never quite understood the Payday interest rate controversy until today when, like clockwork, I felt the first rumble of my daily, late-afternoon hunger pangs. In Pavlovian fashion, I hastened over to the vending machine and began depositing change. Then it hit me: I was about to pay almost twice the price for a Payday bar now than I would have had to pay for a Payday bar in two hours. You see, the drugstore on my route home sells the whole suite of vendible goodies, and the drugstore charges a price much lower than the vending machine.

The Role of Ideas

1. Human Reason

Reason is man’s particular and characteristic feature. There is no need for praxeology to raise the question whether reason is a suitable tool for the cognition of ultimate and absolute truth. It deals with reason only as far as it enables man to act.

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