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Fed’s press release

I appreciated this review of Percy Greaves’s book by Richard Ebeling. Many books have appeared over the years about the Japanese attack on Pearl Harbor. And among them have been outstanding “revisionist” works challenging the “court history” of America’s “innocence” in the events leading up to that “date that will live in infamy.” But none of

I’m in Florida for an event sponsored by the Mises Institute, and flying into Fort Myers meant walking through the glorious micro-civilization that airports have become, little utopias of commerce and plenty. In the airport, you can stand in one spot and choose to walk twenty feet in any direction and find yourself in a Spanish or Thai restaurant,

A very strange story in the NYT: U.S. Underwrites Internet Detour Around Censors The Obama administration is leading a global effort to deploy “shadow” Internet and mobile phone systems that dissidents can use to undermine repressive governments that seek to silence them by censoring or shutting down telecommunications networks. Now, this is

Wolfgang Grassl sent along his latest comments on the latest embarrassment for the United States: Roles Reversed: U.S. Defends Budget Deficits, Europeans Want to Save The full absurdity of economic policy management is brought out by the current debate about how to deal with the enormous government debt that has accumulated on both sides of the

Microsoft and Oracle back antitrust attack on IBM (again!)

The head of the Chicago Fed calls for inflation (“much more accommodation than we’ve put in place” so that “that the amount of excess savings that is taking place relative to investment is lowered”). One hundred percent (so far as I can tell) of the 175 comments at the WSJ’s report blast him for fallacious and dangerous thinking. Are Fed officials

It’s here . Frustrated that “nominal interest rates cannot be reduced below zero,” he makes the case that “unconventional” approaches are needed (direct purchases of securities with freshly created, high-powered money). This is not a problem, he says, because the Fed “will take account of the potential costs and risks of nonconventional policies”

Great thinker, great book, great presentation!  

Bloomberg reviews End the Fed :   Can the Fed be fixed? Don’t bother, writes U.S. Congressman Ron Paul in “End the Fed,” a blistering libertarian broadside from a firm believer in Austrian economics. Paul, a Republican from Texas, wants to abolish the Fed, freeze the money stock, and reintroduce a gold standard. His book lays out his arguments in