Be sure and see Lew Rockwell’s article “Reading for Liberty “: “What follows is my own feeble attempt to put together a core library for LRC readers. This essay would be a lot longer if I listed all the books I love and heartily recommend. But I offer this short account as a list of volumes essential to my understanding of the world. And forget
R. Glenn Hubbard, former chairman of the Council of Economic Advisers and current professor of economics at Columbia, writes in the WSJ to calm fears of deflation , but ends with: ”the Fed’s objectives would be better served by identifying an acceptable range of inflation and setting a floor beneath it, which would trigger corrective expansion.
Regarding the RGS , a student writes: As a veteran of many Mises Institute events, including a Mises University and a previous Rothbard Graduate Seminar which covered Human Action, here are several reasons why I found our Seminar on Man, Economy and State to be a superlative event: This was the first such seminar on Rothbard’s economic treatise at
It’s not enough that the US invaded and occupied the country, killing thousands and smashing infrastructure, and setting off mass looting. Now the US is inflating the currency that had risen against the dollar precisely because its supply was fixed. See Reuters : “ Everybody wants their money in 250- dinar notes, even though large transactions
US rebuilding Iraqi economy: MSNBC : ’’Creating jobs now is our first priority, we need to get the economy turning over,’’ [U.S. Administrator Paul] Bremer said. ‘’One of the things that is already creating jobs is the fact that we’re paying salaries to almost two million civil
Tremendously interesting story from Bloomberg . Some choice passages: The central bank is considering introducing a stability mechanism for the dinar, says Faleh Daoud Salman, the interim governor of the central bank... “At the moment, I can’t intervene in the currency market directly.... We’ve started our printing presses again and everyone in
Financial Times quotes Milton Friedman: ”The use of quantity of money as a target has not been a success,” concedes the grand old man of conservative economics. “I’m not sure I would as of today push it as hard as I once did.”
An emailer sent me these lines from Ayn Rand’s Atlas Shrugged , a conversation between a government official and a businessman: “We’ve waited a long time to get something on you. You honest men are such a problem and such a headache. But we knew you’d slip sooner or later- and this is just what we wanted.” “You seem to be pleased about it.”
Excellent CSM piece on the Freddie Mac shakeup . No doctor deflation: US health costs rose 9.6% in 2002 Kasriel on Household indebtedness. (Read this if you are a housing-bubble skeptic!) One more time: Bush wants a strong dollar
For an overview of the GSEs and the mortgage boom: see Christopher Mayer’s outstanding piece from the May 2001 issue of The Free Market . He writes: “Less well-known, the GSEs enjoy subsidies. (See “Freddie, Fannie Subsidies Up Sharply, Lawmaker Says” by Kathleen Day and Sandra Fleisman in the January 5, 2001 Washington Post .) The Post reported
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.
