“If I were Bernanke I would abolish the Fed and resign”
Those were the closing words of Jim Rogers on a lengthy interview broadcast today on Bloomberg News.
Those were the closing words of Jim Rogers on a lengthy interview broadcast today on Bloomberg News.
Action is always directed toward the future; it is essentially and necessarily always a planning and acting for a better future, wr
Look at this wonderful pamphlet from 1946, called One Year After, by Virgil Jordon:
Reassessing the Presidency, John Denson (ed.) Epistemological Problems of Economics, by Ludwig von Mises (improved version)
Mises coined the term Fourier Complex in 1927 to describe the ends sought by those who dream of the world envisioned by Charles Fourier, the utopian socialist of the 19th century. Its sufferers desire equality in starvation rather than variation in plenty. Redistribution is not ethical; it’s theft and destruction. It is simply a means to satisfy the envy of some who seek to harm those who have obtained greater wealth through the satisfaction of the wants of consumers.
In 1977, the US Department of Justice conducted an interesting auxiliary study as part of the National Crime Victimization Survey. They asked 60,000 people how severe 204 crimes were (each person rated 25 criminal events). Yes, yes, interpersonal utility alert; but let’s go on. On a scale where 10 = “a person steals a bicycle parked on the street”, here are some of the study findings:
0.6 = a person trespasses in the backyard of a private home
1.5 = a person intentionally shoves or pushes a victim. No medical treatment is required.
It is hard to say what is most notable about this book published first in 1931:
1. Albert Jay Nock’s incredible disquisition on the real meaning of education and its role in a free society.
2. That these lectures were given at a university as part of a prestigious Page-Barbour lecture series.
3. That they were delivered at a “public ivy” school: the University of Virginia.
Time, Uncertainty, and Disequilibrium edited by Mario Rizzo.
Ben Darrington, the Yale Austrian who won the 2007 Douglas E. French Prize, was recently quoted in Time:
Here is that passage that explains why Albert Jay Nock called his book Snoring as a Fine Art: