Via The Austrians Were Right, Yet Again, Jeffrey A. Tucker sets out the way it is in the USA: After three-plus years of floundering around, a consensus has finally arrived that we are back in recession. Growth is not happening. The meager statistical growth of the past few years — […]
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Inflation and government borrowing
In his short article Inflation and You, Ludwig von Mises explains inflation itself, the social and economic effects of inflation, who inflation’s victims are, the futility of attempts to hedge against inflation, the moral and political effects of inflation and, finally, inflation and government borrowing. I thoroughly recommend the whole article, […]
Read MoreOnline Library of Liberty – Freedom and the Law (LF ed.)
This weekend, I am speaking on the financial system at a conference in Bulgaria organised by Istituto Bruno Leoni. The tenor of the conference may be indicated by this abstract of Bruno Leoni’s Freedom and the Law: The greatest obstacle to rule of law in our time, contends the author […]
Read MoreA useful nod for the Austrian school of economics? » The Cobden Centre
Via Dr Tim Evans, A useful nod for the Austrian school of economics? » The Cobden Centre: The session in which I spoke was headed ‘The Sovereign Debt Crisis and the Crisis of Sovereignty’ and my partners for the occasion were the British MEP Danniel Hannan and the former Prime […]
Read MoreParliament, the EU, Keynes and Hayek
Last night in debate, Keynes and his disciples were invoked and rebutted in relation to EU economic surveillance. One Labour MP wanted to print the money we need… Today, via The Cobden Centre, I find EconStories have followed up their superb Keynes vs Hayek rap, Fear the Boom and Bust, with Fight […]
Read MoreNo more ‘Doctor NO’: Austrians as policy-makers » The Cobden Centre
Via No more ‘Doctor NO’: Austrians as policy-makers » The Cobden Centre, the goal for the reform of political economy: The goal should be to progress towards a rational therapeutics based upon a detailed understanding of the physiology of the patient, not on a rehashed occultism from the mercantilist and under-consumptionist […]
Read MoreThought for the day – liberalism, as classically understood
The program of liberalism, therefore, if condensed into a single word, would have to read: property, that is, private ownership of the means of production… All the other demands of liberalism result from his fundamental demand. Via the Ludwig von Mises Institute. Over lunch today, I very much enjoyed setting […]
Read MoreSpoke in the backbench banking debate this evening
I enjoyed speaking in the banking debate this evening – it was held in an atmosphere of considerable thoughfulness and dignity, for the most part. Michael Meacher thought it one of the best in his long career, which seems to me quite a complement to this Parliament. I will post […]
Read MoreDid Andy Duncan steal my reading list?
I just finished Jesús Huerta de Soto’s Socialism, Economic Calculation and Entrepreneurship, only to find that the Cobden Centre’s Andy Duncan has already produced a review. Since his review explains how he went from Marxist to Austrian-school free-marketeer, I shall let him do all the hard work, in his own […]
Read MoreThe Conference — Positive Money
Today, Cobden Centre comrades and I are off to inject some Austrianism into the Positive Money conference. As you can tell from the Cobden Centre’s literature page, we are not afraid to work with other schools of thought — there are significant areas of overlap. For example, from the conference home […]
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