Reisman in Spanish
“Some Fundamental Insights Into the Benevolent Nature of Capitalism“ by George Reisman, in Spanish (translated by Juan Fernando Carpio)
Who Are You Going To Call? Force Specialists!
More on the Interest Rate Conumdrum
Why have long rates fallen as the Fed has raised short rates? The answer I believe is Peter Warburton’s theory of financial asset inflation. Structural changes in financial markets have succeeded in funelling inflation into financial assets rather than the CPI. As the Fed expands money supply, much of the money created goes into the long bond market.
Woops, They Did It Again (Bad Supreme Court! Bad! Bad!)
The Supremes rules today (Kelo v. New London; related article) “that local governments may seize people’s homes and businesses against their will for private development.”
It Usually Ends With Murray Rothbard
Here is my intellectual autobiography, written at the request of Walter Block for the collection that he is putting together.
Hayek’s Plan for Private Money
Listen to the Audio Mises Wire version of this article.
The most famous Austrian economist is 1974 Nobel laureate Friedrich Hayek. Because of his moderate views excusing state interventions in various circumstances, hardcore Rothbardians tend to regard Hayek as less than pure in many areas.
Reckless self-endangerment
I am just reading Hoppe’s Democracy and interleaved it with the JLS article on Benjamin Constant. On our own site, I recently took two of the top London economic establishment journalists to task (Krugmanism is not solely an American affliction!).
Ridiculous Scenarios
The other day I somehow started thinking about various quirks in a private legal framework, and (unfortunately perhaps for you, dear reader) this is really the only place I could think to describe them...
Mutual Fund Regulation Was Improperly Imposed
A federal appeals court has ordered the Securities and Exchange Commission to reconsider a recently enacted rule requiring mutual funds to be overseen by independent chairmen. The decision said that the SEC failed to properly consider the costs of the corporate governance rule passed last June at the urging of NY attorney general/gubernatorial candidate Eliot Spitzer.
Kemp inches toward monetary sense?
In what might be a first for Jack Kemp, this article seems to be sligthly skeptical of the Fed’s loose monetary policy. In any case, it is a good sign that he cites Shostak from Mises.org.
