In addition to his rejection of the Misesean/Rothbardian critique of the Real Bills Doctrine, Dr. Antal Fekete has taken issue with Mises monetary theory. Don Lloyd has noted the following passage:

The Wall Street Journal’s columnist, The Numbers Guy, credits yours truly in this installment for alerting him to the claim of Live Aid promoters that they would reach a worldwide audience of 5.5 billion viewers/listeners in their appeal for money, credit, food, and love for the extremely impoverished of Africa. I believe this link can be followed without a subscription to wsj.com.

The Huntsville Times was prompted by Bill Gates’s good comments on education to interview others on the topic, and I was among them.

Note the person quoted at the end of the piece, who suggests that the solution to the public school problem is for the government to get the kids earlier (age 3) and teach them longer.

The story:

Virtual classroom is the next school

Sunday, July 24, 2005

By CHALLEN STEPHENS 

In a recent article, I discussed the possibility of private, competing security agencies.  I took for granted the background rule of law (or lack thereof), and merely made the relative argument that a monopoly institution of violence (i.e.

The term “hedonics” is derived from ancient Greek and basically means “pleasure doctrine”.

So yesterday it finally happened:-the yuan was revalued , after years of pressure from particularly the U.S. government but also the EU and Japan. However the move was much smaller than expected, a mere 2.1%. This will hardly satisfy Senators Smoot Schumer and Hawley Graham (as Larry Kudlow likes to call them). Contrary to what some people seem to think, this currency reform will not mean that the yuan will float.

From Wiki’s entry on Mises:

This is an entertaining work that will surely promote Austrian ideas. It illustrates the Rothbardian (versus the Hayekian) strategy of appealing to the masses, not trying to work through the elite.

While virtually everyone in the leading economic establishment were positive about today’s currency reform in China, there was kind of a mixed message about whether this was a step in the direction of more or less market economy. In the BBC Business News Story on the issue White House spokesman Scott McClellan said:

Well, it’s happened. China has severed the yuan from the dollar. Some relevant Austrian commentary:

China Does Not Determine U.S. Interest Rates by Frank Shostak

What’s Behind the Trade Deficit Numbers? by Antony P. Mueller