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Volume 10, No. 4 (2007)   Dinosaur  reveals many relevant truths that do not appear in World Bank financial statements and press release while reviewing much of the relevant literature. But such oversights are perhaps to be expected in a short manuscript. In the process, Hooke provides a much needed service. If the World Bank ever does go the way

newspapers buzzed with the news that former Secretary of State Richard Olney declined President Woodrow Wilson’s request that he serve as the first head of the newly-created Federal Reserve Board. Olney’s refusal was considered a defeat for Wilson during his second year in office. Wilson wanted a New Englander to head the board, in part (he said)

Peter Klein discusses the contributions of economist F. A. Hayek, born on this day in 1899.

Volume 22, Number 3 (Fall 2002) William L. Anderson, Christoper Westley, and Gregory Dempster are interviewed about their experiences and study of the Austrian School.

...it’s easier to use the new $200,000 note issued by the RBZ . It is worth US$13 at the official exchange rate or $1 on the black market. Addendum : Lest anyone reading this blog harbor any doubts that the Zimbabwean central bank is anything less than an exemplary organization, let me assure you that you are wrong. I write this with confidence

Some left-leaning bloggers want to form one in order to “receive health insurance, conduct collective bargaining or even set professional standards.”

Punk, Ziegel analyst Richard X. Bove argues here that recent Fed policies and pronouncement amount to a bailout of Countrywide Financial. If so, then Bernanke’s Fed is similar to Greenspan’s in that the latter also directed Fed policy to help Long Term Capital Management. Bove: The Fed protected “moneyed interests and bad business policies’’ and

Time magazine reports on the Degania kibbutz’ decision to abandon socialism and allow the private ownership of property, a move many kibbutzim in Israel have been making in response to low productivity and the abandonment of their youth. From the article: The kibbutz was a socialist dream. But Degania’s manager, Tzali Koperstein, says, “From the

A few years back, when my son was in college, he had to mail a letter. I don’t remember the specific reason, but I do remember having a conversation with him in which he complained bitterly about the amount of work involved — finding a place where he could purchase a stamp, figuring out what kind of stamp he needed, actually writing the letter,

From today’s New York Times : Three of the nation’s largest banks, working together at the behest of the Treasury Department, announced this morning that they were creating a large fund to serve as a buyer of bonds and other debt at a time when many investors are avoiding them. Citigroup, Bank of America and JPMorgan Chase will create a fund,