As reported this afternoon, Fed’s Olson says no U.S. housing price ‘bubble’. Perhaps Olsen has been talking with (or even conspiring with?) the IMF, who have recently come out with a statement that there is no housing bubble and a short while before that no chance of a financial crisis.
In the Wall Street Journal’s paid content As Two Economists Debate Markets, The Tide Shifts Bonner Ain’t Misbehaving (scroll half way down) Mandelbrot’s new book The shift in this long-running argument has big implications for real-life problems, ranging from the privatization of Social Security to the regulation
The Virtual World as a Company Town - Freedom of Speech in Massively Multiple Online Role Playing Games (entire paper) — may interest some (though it’s written from a mainstream law perspective).
With all due deference to the libertarian credentials of Karol Boudreaux, this suggestion seems to be a bad one. I was alerted to this article by a post at Cafe Hayek.The idea is devoid of any individual (actual) property rights claims and this should be the first caution light. That Boudreaux suggests as her model the Alaska Permanent Fund is another.
Sean Corrigan shows how Rome and her history can give us a reaffirmation of our unshaken belief in the ability of Everyman, acting as a free individual, to repair all the damage ever done by history’s tyrants and their tax gatherers.
I had had a discussion with my daughter about what constitutes trade, but then a friend pointed out that the English word “trade” derives from a word meaning “habit”.
Etymonline.com comes to the rescue, showing me that lingusitic concepts of trade in the English language most likely emerged from Roman or Etruscan roots.
Austrians get some recognition in the Financial Times, in this piece by John Dizard (October 18, 2004; Business | US)
