Murray Rothbard was born 80 years ago today. Click on the image to see a larger version. Read David Gordon’s summary of his life and work.

The talk I gave at the UFM on “Inflation and Deflation in Capital-based Macroeconomics” is now available online together with the slides.

In the ppt slides I present models that adress the problems of so-called “inflation targeting” and the unsustainable production structure that comes along with a growth-cum.debt strategy.

Two more additions to the Molinari Online Library:
 

For some time now Mises.org has come out squarely in favor of free trade,1 and has opposed the new attacks on trade and “globalization” (notably from Paul Craig Roberts).

Placing the word “economics” into the Google News search engine is quite a dreadful affair. From an Austrian School perspective, it is a surreal look at exactly how bizarre a conception of economics many in the world actually have.

At first glance, you’ll find the Russian Economic Development and Trade Ministry arguing over large-diameter pipe imports. OK, not so bad, hopefully they will decide to abolish the import duties. But, the quality of the search results quickly deteriorate.

Economist John Williams is interviewed [site declined to let Mises.org link on grounds of copyright, or something — ed.] [and the same for the PDF that was once linked here — ed.] about his research (available on his web site, [which is also no longer linked because the site manager refused to grant permission for “several weeks” — ed.] Shadow Government Statistics.

The latest additions to the Molinari Online Library are two early classics of the Austrian School: