The rise and fall of the “reserve position doctrine”
Someone might find a rich harvest for comment in this paper from the European Central Bank: “The Operational Target of Monetary Policy and the Rise and Fall of Reserve Position Doctrine“
Golfing Boehm-Bawerk
Forgive this superfluous post, but a friend just sent me this this picture from a golf shop sign in Ann Arbor, Michigan, in which the Mr. Niblick of Mashie & Niblick, looks surprisingly like Eugen von Boehm-Bawerk. 
Elsevier Ending? Kluwer Kaput?
No, but there is a revolution in scholarly journal publishing, reports the New York Times:
A Quiet Revolt Puts Costly Journals on Web
By PAMELA BURDMAN
Published: June 26, 2004
The only thing worse than liberal economists....
...seems to be pro-Bush economists. Supply-side economists like Larry Kudlow have for long been even worse than liberal economists like Paul Krugman on issues like budget deficits and inflation. But this article from Thomas Nugent is among the nuttier I have read. He actually claims that budget deficits are good and should be as large as possible because it allegedly increases “aggregate demand” and even savings. But what about the rise in the federal debt?
The Fallacies of Shrimp Protectionism
Consumers are eating shrimp like never before, writes Don Mathews, so why is the industry so unhappy?
Fairness with Your Coffee?
It is entirely within coffee-bean buyers’ rights to pay any price, including an inflated price, writes Joesph Potts.
More Housing Speculation
The absolute certainty that housing prices will appreciate justifies any level of leverage or income commitment on the part of buyers. Why even pay down your principal at all when you can build up principal by home price appreciation? Alan Greenspan won’t let the housing market fall.
Your Right to Deflation
In addition to big government, debt, and war, let us add one more item to the list of wicked legacies that the Bush administration has given to this country: inflation. The newest price data raise serious concerns that we are being robbed (that is what inflation is) by this government more than we know. [Full Article]
Whose Mug on the Paper?
If the goal is to increase confidence in money, writes Clifford Thies, putting Reagan’s face on it won’t do it.
Beggars Can Be Choosers
Most people assume that gifts are wonderful to receive. But this view has recently come under attack, reports Robert Murphy finds riddled with fallacy.
