Mises Wire

From Mary Sennholz and Robert G. Anderson comes the very sad news of the death of Beth Hoffman, a brilliant libertarian.

Many economists seem to think that the Austrian Theory of the Business Cycle is an explanatory projected circumscribed by its dependence on the identification of lose money created by a central bank as the necessary explanans for the boom and bust cycle.  But this is not Hayek’s view.

President-elect Obama has announced that Paul Volker will head a new Economic Recovery Advisory Board that will propose interventionist policies to bring about economic recovery.

In the New York Review of Books, Paul Krugman calls for a “good old Keynesian stimulus.” He say

This is F.A. Hayek in 1975 on Meet the Press.

In “PRO-IP, Rights, and the Roots of Copyright Opposition” in the Randian “Capitalism” magazine

It’s that time of year here in Ohio: time to make a list and check it twice. Christmas gift list? Not in this instance.

The state takes over and corrupts many institutions and aspects of life--roads, communications, law and justice, healthcare, money, defense, police

In his November 17, 2008, ML report, David Rosenberg writes:

"the U.S. government has put itself on the hook for some $5 trillion, so far, in an attempt to arrest a collapse of the financial system."