The American Way is Public School
Sizing up Samuelson
[This review of Paul Samuelson’s Ninth edition of his famous textbook Economics is reprinted from The Wall Street Review of Books (December 1973): “A Review of Paul Samuelson, Economics, 9th ed. (New York: McGraw-Hill, 1973)”; and The Logic of Action II (Edward Elgar, 1997, pp. 254–59. Samuelson’s Economics is now in its 17th edition.]
Our Friend, The State
This website is dedicated to the mass-murder that has been committed by The State. Via democide and genocide, 174,000,000 people have been murdered by States in the 20th century, with no end in sight; that’s more than 4 times the number of people murdered by war alone, which is also mortifyingly high (36,000,000).
More on Housing
Books Over Baghdad?
A Misesean Takes on Deflation Fallacies
Financial writer Ed Bugos has recently authored Memo to Richard Russell: On the Margin Baby. Bugos refutes theory that has been advanced by Russell and others, that money is becoming scarcer and that the Fed is fighting deflation. His analysis is based on Mises theory of the purchasing power of money as elaborated in The Theory of Money and Credit, and Human Action.
Rare Mises Text, 1902
Graduate School: Economics and the Social Sciences
Money Matters No More?
Although there are deep and abiding differences between Chicago school monetarists and Austrian monetary theorists, there has always been strong agreement among them on one thing: the central importance of the money supply in explaining the purchasing power of money or “price level” in the economy.