Publisher Wiley Business Finance has released a new book, Gold: The Once and Future Money by Nathan Lewis. Jim Puplava interviews the author on a wide-ranging podcast. Author Lewis displays a tremendous ability to translate economic concepts into very accessible terms.
After the death of Taft and as the Eisenhower foreign policy began to take on the frozen Dullesian lineaments of permanent mass armament and the threat of “massive nuclear retaliation” throughout the globe, I began to notice isolationist sentiment starting to fade away, even among old libertarian and isolationist compatriots who should have known better.
Fungible means interchangeable. The word comes into play when (inter alia) earmarked funds end up in a general account. These funds are then free to be used for purposes other than intended. Example: You would like to go on a vacation but you have unpaid car repair bills. A wealthy uncle hears that you are having financial trouble and sends money to help. However, he would never have agree to pay for your vacation — he’s nice, but not that nice. Once your uncle’s money is deposited into your checking account, you are free to spend it as you please.
[This article is excerpted from chapter 10 of The Betrayal of the American Right, now available in the bookstore. An MP3 audio file of this article, narrated by Keith Hocker, is available for download.]
Can someone let ABC News know that Mises didn’t write a book called America? The book in question is called Liberalism. Still, it’s nice to see him quoted.
The incredible popularity of the Mises Institute’s website is due mainly to the great content it contains, but no one would know about all that content without the software behind it. While I wrote the content management system for Mises.org, I couldn’t have done it without the ideas and sample code provided by the developer community. In recognition of this, I will be making much of the website available as open-source projects, beginning with the DotTag tagging framework.
Last Friday, an enthusiastic review of Jörg Guido Hülsmann’s Mises: The Last Knight of Liberty appeared in Frankfurter Allgemeine Zeitung, Germany’s top newspaper among non-tabloid dailies.
Not that it is the epitome of free-markets in action, however it arguably still retains some semblance of competition as the firms must satisfy the wants of each consumer in order to stay in business (bailouts notwithstanding).
In the aftermath of that ghastly horror called the Great War, Warren Gamaliel Harding ran for president and won. His platform: Return to normalcy. He was the dark-horse candidate, but won 60% of the vote. Among his first actions was to pardon Eugene Debs, the socialist candidate, who had been jailed for opposing the war draft. He reduced taxes, deregulated, and generally calmed down the country after a culture-wrecking, budget-busting war, and assured a time of great prosperity.
