About Austrian economics
I find Steve Horwitz, along with George Selgin (prominent advocate of free banking and supporter of a productivity norm [pdf] for monetary policy), the most accessible of contemporary Austrian school...
View ArticleGoing for gold: perils of entering the goldzone
Who would want the global monetary system to be at the mercy of the Bank of China? Not conservative, free market types in the United States and elsewhere, one guesses. Actually, it turns out lots of...
View ArticleFriedman centenary
Today (Tuesday 31st) is Milton Friedman’s centenary. It seems appropriate to link to some Milton Friedman quotes here and here. Various bloggers have offered their comments, including Bryan Caplan’s...
View ArticleThe misbegotten birth of macro
As folks may have noted, I like graphs; they can be very useful illustrations, particularly of historical trends. Consider this graph, taken from the 2012 US Federal Budget (via). What is striking is...
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