An Introduction to Economic Reasoning by David Gordon, now online (Auburn, Alabama: The Mises Institute, 2000). This is an excellent introduction to economic thinking designed for the intelligent high school student, available for purchase or fully downloadable from Mises.org. As the only text of its kind, it is engaging, funny, filled with examples, and never talks down to the student.
James Grant examines a crucial problem with Treasury Inflation Protected Securities: they don’t necessarily protect against inflation! Grant writes: Inflation, after all, is a matter of dollars—an increase in the supply of money not offset by an increase in the demand for money. People will say, “Inflation is too much money chasing too few goods,” but there’s a lot besides goods that too much money can chase: stocks, bonds, houses, foreign currencies, etc.
Andy Mukherjee of Bloomberg writes about the improving relations between India and Pakistan, and the potential benefits of trade. ``Cricket is just a symbol of the backlog of goodwill that’s only now starting to get cleared,’’ says Jafri of Avari Lahore. ``There’s huge demand for visiting Pakistan on the other side of the border. Normalization of relations is good for business.” link
According to the UK Telegraph, newspaper boys have been escaping the tax system, and that this will no longer be tolerated. They will be required to open bank accounts, if they do not have one, so that they can comply with tax regulations.
This article at FreeLiberal.com reports that California governor Arnold Schwarzenegger is sympathetic to Austrian economics:
On the Man, Economy, and State page, reviews of Man, Economy, and State, by Mises, Hazlitt, Hoppe, Salerno, Raimondo, and others as we scan and put up:
The National Post presents an essay reflecting on the 60th anniversary of Hayek’s The Road to Serfdom
