For an earlier generation of American dissidents from the prevailing ideology of left-liberalism, a rite of passage was reading Albert Jay Nock’s Memoirs of a Superfluous Man, which appeared in 1943. William F. Buckley was hardly alone in seeing it as a seminal text crucial to his personal formation.
The old high (in terms of closing prices) in the XAU gold stock index was 168.62 during May of 2006
Story here. In other circumstances, such as water rationing, you get arrested for watering your lawn.
Big news on Mises: The Last Knight of Liberalism. It continues to be our bestseller, already exceeding sales of typical scholarly books. It is being live blogged on Mises.org by Greg Ransom and Wladimir Kraus.
So the Times has stopped charging for most of its web content. The reason? “Many more readers started coming to the site from search engines and links on other sites instead of coming directly to NYTimes.com.
The struggle over holidays oddly mirrors the intractable struggle between market and state, so that we have Labor Day, Presidents Day, and Memorial Day etc. for those who find their meaning in official civic celebrations. But for millions of others, a new calendar of sorts is starting to emerge that secedes entirely from the attempted nationalization of dates by the state. And thus is today International Talk Like a Pirate Day. Absurd?
It has been said that political movements which appear anemic, confined to the corner tables of beer halls and coffee houses, can become juggernauts overnight with the right dose of ideology, and favorable general mood and climate. Certainly history confirms as much.
It was this very day that I was telling some visiting students about the silliness of the old populist silver movement of the late 19th century, how they ridiculously believed that all economic troubles could be solved if only the government would print more money — not realizing that more money only means watering down the value of the existing money and disturbing pricing signals along the way. How silly these people were! Ha, ha, ha.
