In my last article, “How Government Budget Deficits Reduce Wages and Raise Profits”, I explained why those who complain about profits rising at the expense of wages should not blame the free market but, in part at least, the growth in government budget deficits. I’d now like to show that in addition they should blame the environmental movement and the government intervention that it has inspired.

In recent years there have been growing complaints over slow growth in wages compared to profits. Those who make the complaints usually offer little in the way of explanation. Here is a part of the explanation: growing government budget deficits.

With the Dr. Cantor seminar up and running, various individuals have asked me to forward one of my articles to the Mises blog. Dr. Cantor will be speaking shortly on Friday’s lecture concerning video games and how they are quickly becoming a new form of art. That said, last week my article “The Economics of ‘World of Warcraft’” was published on LewRockwell.com and I can only hope this will aid individuals in understanding the economics present within “virtual reality.”

The scientific debate may be “over” in the words of those eager to grasp the levers of power offered by popular fears of global warming, but the political debate rages on. The US House Energy Committee’s is currently conducting hearings on Dr. Michael Mann’s famous “hockey stick” graph of millennial temperatures that I discussed in an earlier Daily Article. It seems that a report it commissioned from a group led by Statistician Edward J.

Two New York lawyers detail here the sleazy legal tactics of the Recording Industry Association of America.

I don’t know how much coverage this has been getting nationally, but thousands of people in Queens, NY have been without power for seven days now. (Think of how beastly hot it has been here during the past week.) Caterers have had to dump wedding cakes, AC isn’t working, and, to top it all off, Con Edison doesn’t even know what the problem is!

(With assistance from Bill Barnett)

I am perhaps one of the most heavily published of all Austro libertarians now active, at least in terms of refereed journals and law reviews (205, plus 32 forthcoming, for a total of 237 as of today), so these hints, below, might be of some use to you. At least they are based on a wealth of experience, garnered over many years. I invite others to contribute to these hints. Send them on to me, and I’ll include all those I think helpful.

1. Keep trying. Never give up.

This weekend marks the one year anniversary of China’s first step away from its more than decade old peg to the U.S. dollar. This meant a small 2.1% revaluation from 8.28 to 8.11 versus the dollar, as well as —they claimed— a move from a pure dollar peg towards a peg to a currency basket, consisting —they claimed— of the U.S. dollar, the euro, the yen, the U.K. pound, the Russian rouble, the South Korean won and the Thai bath.