The opportunity provided US rulers by the criminal attacks of 9/11/01 has led to an outpouring of new works on the theme of American empire. I’m adding the following to the bibliography on LRC, in preparation for print publication for the Mises Institute.
Former Marxist Guerilla, Now Big-Time Bogota Capitalist Developer (NYT). “Building peace is much harder than making war.”
Not only did the Bush Adminstration withhold information in order to pass its Medicare bill last December, writes Bruce Bartlett, it is hiding the full cost of not containing government growth today.
“This brings us to the most important chapter in President Bush’s budget, one titled ‘Stewardship.’ Buried in an appendix volume where reporters are unlikely to notice, it paints a chilling picture of long-term budgetary trends.
And incresing centralization could lead to the break-up of the US. Thanks to Tim Gillin for this article from The Economist, showing that mainstream economists are agreeing with Hoppe.
Bond guru Bill Gross writes about the shift of the US economy from producing things to consuming things on credit that other people finance, and why this is unsustainable in the long run. The latter he calls a “finance-based economy”. The characteristic of such an economy is that it is dependent on continuous credit expansion to keep the supply of credit plentiful and cheap:
If you like it, please take it.
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< a href=”http://mises.org” target=”_blank” > < img src=”/sites/default/files/banner2b.gif” width=”468” height=”60” border=”0” > < /a >Here is a great story (from The Economist) about entrepreneurial risk, Steve Jobs, the rivalry between Jobs and Eisner, and Jobs’ decision to divorce Pixar from Disney. An excerpt:
If you like it, please take it (made by Chad Parish on the staff here). The code (without spaces) is: < a href=”http://mises.org” target=”_blank” > < img src=”/sites/default/files/banner_rotator.gif” width=”468” height=”60” border=”0” > < /a >
