Cato Institute senior fellow, Alan Reynolds, who writes pretty good columns on non-monetary issues but who writes terrible columns on monetary issues unfortunately chose to write about monetary issues today, attacking those who “second-guess” the Fed.
About a dozen U.S. states have passed laws that allow their citizens to use lethal defensive force in their homes and vehicles (in the Florida version, this applies even to public areas) if they are fearing for their lives. Previously, the standard had been that they had a duty to retreat before resorting to defensive violence.
By most reports, Israeli bombings of Lebanon are strengthening Hezbollah’s support among Lebanese civilians, while Hezbollah bombings of Israel are strengthening the Israeli government’s support among Israeli civilians.
This article was excerpted from Chapter 21 of The Theory of Money and Credit.
The principle of sound money that guided nineteenth-century monetary doctrines and policies was a product of classical political economy. It was an essential part of the liberal program as developed by eighteenth-century social philosophy and propagated in the following century by the most influential political parties of Europe and America.
In response to Stephen Kinsella, since the comments section was getting a little bogged down in other matters:
The Top 12 History Books for Libertarians
It’s predictable. Just like if you criticize a scientologist you are going to get a ton of replies from kooks, so if you criticize Galambos (see links below). So let me be clear: from what I have seen Galambos was some minor cult California hippie figure, who was smart but who not only adopted a kind of bizarre, flaky scientism, but a crankish and absurd view of intellectual property.
