Mises Daily Thursday by Frank Shostak:
The Fed — and many economists everywhere — believe that giving more people jobs will drive more economic growth. But more employment is useless for economic growth if employed persons are not contributing to real wealth and capital accumulation.
Says the FOMC: The economy is strong; So a 0% to .25% target rate for the federal funds rate sounds about right; 2% CPI inflation or bust!
Mark Thornton talks about The Washington Post's attack on Austrian Economics, Rand Paul, and Audit the Fed.
For those who prefer to read Joe Salerno's articles in Romanian.
Gary Galles writes in Mises Daily Wednesday:
Political dependence and economic dependence are two very different things. Political dependence is fostered by coercion and monopoly power, but economic dependence is simply a choice we make when we especially like one thing more than the alternatives.
Arguably the best single, currently available measure of the entire public's payoff from economic activity is real disposable income per capita.
"Short of a political union, I find it very difficult to foresee the euro holding together in its current form," Greenspan told the BBC's Mark Mardell on Sunday.
Readers of this blog may remember previous posts about George R.R. Martin’s fantasy epic A Song of Ice and Fire and its TV adaptation, Game of Thrones. Carmen Dorobăţ and I have recently collected our writing into a forthcoming book chapter, available for free.
Lew Rockwell: The modern institution of the presidency is the primary political evil Americans face, and the cause of nearly all our woes.
In 2001, the Mises Institute published Reassessing the Presidency: The Rise of the Executive State and the Decline of Freedom, by John V Denson, which examines the role of the US presidency in warmaking, police powers, and a variety of attacks on private property and human rights.
