Blameless

I am finding much in the news today discouraging and even disparaging the idea of personal responsibility and self ownership. Here are but three examples:

European Monetary Policy Analyzed

I have a article discussing the monetary policy of the ECB on the German web site Der Invest Informant. After the recent small quarter point interest rate hike the ECB was again accused by EU politicians of not inflating enough. But I point out that contrary to the general perception, ECB policy have been highly inflationary and this have caused great distortions, distortions that will become even greater if the EU politician’s call for even more inflation would be granted.

What Glitters in India?

A perennial among the nostrums of statist “economists” is complaining about the populace’s penchant for buying and holding precious metals, notably gold. The French used to be mentioned frequently in this vein. FDR, of course, just made it illegal for Americans to own gold bullion or coin after 1933.

Why worry about Hugo Chavez Frias, when you have Gordon?

“Peak Oil” alarmists often point to the double-digit production declines taking pace in the fields on the UK continental shelf as a harbinger of our inexorable reversion to the pre-industrial primitivism these self-hating Malthusian members of the ‘plague-species’ so crave.

However, as the appended news article reveals, any drop-off is more a matter of simple economics than of complex geomorphology — not that the insufferable and increasingly fiscally-embarrassed UK Chancellor, Gordon Brown, would grasp the point.

 

Ludwig’s Mother Remembers

While looking up the names of some of Mises’s relatives, I came upon this piece of personal history at JewishGen® ShtetLinks:

Adele Mises Remembers . . .

A Day in the House of My Parents

(Mrs. Adele Mises dictated her reminiscences to a relative around 1929. Born in 1858, she was a granddaughter of Moses Kallir, grandniece of Mayer Kallir, prominent citizens of Brody, a city then in Austrian Galicia, now in Ukraine.)

[read more]

Happy Birthday Ms. Lane!

Today, December 5, marks the birthday of Rose Wilder Lane (Daughter of Laura Ingalls Wilder) born 1886 and died 1968. She was one of the last century’s most ardent defenders of American freedoms. In books such as The Discovery of Freedom (one of the top 100 non-fiction books of the 20th century in a readers’ poll) and Give Me Liberty, which laid out her conversion from socialism based on her experience in such a regime, she asserted the supreme importance of individual liberty.