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by Laurence Vance The latest ruse of some conservatives to garner the sympathy, support, and votes of libertarians is to declare that they are “constitutionalists.” Although they are sometimes referred to as “libertarians” in the media, sometimes even portray themselves as “libertarian-leaning,” and get ecstatic when real libertarians describe

This is a very nice takedown of E.J. Dionne and his recent bizarre assertion that the GOP is somehow in thrall to Austrian economics. The author not only elaborates on the silliness behind Dionne’s pined-for “normal, bipartisan legislation during the Keynesian heyday,” but also blasts David Frum’s nonsensical assertion that the Austrian school

A little.    

From Economics in One Lesson By Henry Hazlitt We have already seen some of the harmful results of arbitrary governmental efforts to raise the price of favored commodities. The same sort of harmful results follow efforts to raise wages through minimum wage laws. This ought not to be surprising; for a wage is, in fact, a price. It is unfortunate for

Larry Kudlow frets  that Janet Yellen simply doesn’t understand the need for a rules-based Fed model to guide the money supply and interest rates. Ms. Yellen, Kudlow informs us, should “limit her focus to stable prices and a reliable King Dollar.” “Stable prices”. “King Dollar.” This is rich. I wonder if Asian central bankers would agree with

This article from CNBC paints a pretty gloomy picture.  Malls are dead.  Retail space is wildly overbuilt.  The poor and middle class have no cash-- and too much debt.  Who really needs another shirt or ipod or kitchen device at this point? Trendy suburban brands like Lululemon may grow for awhile (mostly selling to households making 100K+), but

All videos from January’s Mises Circle, “The Police State: Know It When You See It.” See also, “Whatever Happened to Peace Officers?” by Jeff Deist and “Mussolini’s Idea of the State and Its American Defenders” by Lew Rockwell.)

I discussed the Mises Institute, working for Ron Paul, and the growing Austro-libertarian movement on  Power Trading Radio yesterday.  

Fred Sheehan discusses whether the Fed has passed the point of no return with respect to credit expansion: The central teachings of Austrian economics are commonly understood. It is the hieroglyphics called “economics” at colleges today that is rubbish. It will join the ash heap of history. T he Austrians taught – and do teach, on isolated

Left, right, conservative, progressive- they all get it wrong when it come to Piketty’s  inequality shibboleth (and the proposed “solutions”). Exhibit 1 is this drivel from Forbes, complete with light criticism of the reliably awful Peter Orzag.  Orzag (via Bloomberg)  pines for a progressive consumption tax, and Forbes is A-OK with that: There’s