Be sure and see Lew Rockwell’s article “Reading for Liberty“: “What follows is my own feeble attempt to put together a core library for LRC readers. This essay would be a lot longer if I listed all the books I love and heartily recommend. But I offer this short account as a list of volumes essential to my understanding of the world. And forget that “summer reading” nonsense. Reading is a lifetime occupation. Even then, you will only be able to read a tiny number of the books you should read.

R. Glenn Hubbard, former chairman of the Council of Economic Advisers and current professor of economics at Columbia, writes in the WSJ to calm fears of deflation, but ends with: ”the Fed’s objectives would be better served by identifying an acceptable range of inflation and setting a floor beneath it, which would trigger corrective expansion.

Regarding the RGS, a student writes:

As a veteran of many Mises Institute events, including a Mises University and a previous Rothbard Graduate Seminar which covered Human Action, here are several reasons why I found our Seminar on Man, Economy and State to be a superlative event:

From Justin Raimondo:

An Iraqi street vendor says: “’The prices are better because there’s no government now,’ he said, expressing no regrets.”

Cited in the Los Angeles Times

It’s not enough that the US invaded and occupied the country, killing thousands and smashing infrastructure, and setting off mass looting. Now the US is inflating the currency that had risen against the dollar precisely because its supply was fixed. See Reuters: “ Everybody wants their money in 250- dinar notes, even though large transactions require sackloads of them to be hauled around.

The latest KudlowMania: 

Reports the Los Angeles Times: “Baghdad businessmen join the reconstruction gold rush and find new ways to make a quick dinar. But competition can be cutthroat.”

This lengthy piece in the subscriber section of the Financial Times examines the sorry state of the US auto industry.  Some of the problems highlighted are:

An article in this week’s Economist neatly encapsulates much of what we Austrians in the UK have been trying to impress upon our readers and acquaintances: rampant government spending is producing negative returns, distorting the economy, and driving up costs - all of which are compounding the woes in the productive private sector.

Fr. James Sadowsky is a Jesuit priest and retired professor of philosophy at Fordham U. He used to be a member of the Rothbard circle in Manhattan in the 1960s. I’ve known him for a few years and visit regularly in NY. He is 79 and seemingly in good health.