Author Archives: radiofreemarket

Rule of Law Will Cure Stockman’s “Great Deformation”

Let me disclose right up front that I have not yet completely read David A. Stockman’s seven hundred page bombshell of a book The Great Deformation: The Corruption of Capitalism in America.  It arrived a few days ago and I … Continue reading

Posted in News/ Lessons | Leave a comment

More Scapegoating the Germans

From today’s Open Europe news summary: Separately, the leader of Silvio Berlusconi’s MPs Renato Brunetta told Italian daily Il Messaggero, “The German Chancellor [Angela Merkel] is destroying the euro and Europe. After provoking two World Wars, Germany has triggered an … Continue reading

Posted in News/ Lessons | Leave a comment

Building a concrete airplane: politics in Brussels

A wonderful interview with Godfrey Bloom, member of the European Parliament for Yorkshire and North Lincolnshire. Godfrey makes so many good points, but I really liked his observation that the Middle Englishman may not know monetary policy but he knows … Continue reading

Posted in News/ Lessons | Leave a comment

From $35 to $40,000!

How vulnerable is the US to financial ruin?  I say it is very vulnerable, and here’s the reason.  At the Bretton Woods Agreement in 1944 the US had promised to redeem gold at $35 per ounce, which meant that it … Continue reading

Posted in News/ Lessons | Leave a comment

Dr. Paul Craig Roberts on gold and gangster capitalism

A couple of days ago Andy Duncan had the great pleasure and privilege of speaking to Dr. Paul Craig Roberts, formerly Ronald Reagan’s economic policy adviser at the U.S. Treasury. Although not a fully-fledged Austrian, Dr. Roberts is still very … Continue reading

Posted in Inflation and Deflation, Money | Leave a comment

Father of the Euro calls for world currency

Re: Father of the Euro calls for new world currency The man who convince the European Union to adopt the disastrous euro project now wants to up the ante and impose a new world currency.  This tactic was predicted by … Continue reading

Posted in News/ Lessons | Leave a comment

Continue the thought process…

From today’s Open Europe news summary: Influential Conservative MPs call for tougher rules on EU migrants’ access to benefits The Times reports that the Fresh Start Group of Conservative MPs has today published a new report calling on the UK … Continue reading

Posted in News/ Lessons | Leave a comment

The Friedmanite Corruption of Capitalism

All throughout his new book, The Great Deformation: The Corruption of Capitalism in America, David A. Stockman is critical of the Chicago School, especially its intellectual leader during the last half of the twentieth century, Milton Friedman. He captures the … Continue reading

Posted in News/ Lessons | Leave a comment

Carrying Wood Chips to Newcastle

Re: Europe’s Green-Fuel Search Turns to America’s Forest Just a few miles from the Yorkshire home of member of the European Parliament Godfrey Bloom sits a giant power plant that was converted at enormous cost from burning plentiful local coal … Continue reading

Posted in News/ Lessons | Leave a comment

My letter to the NY Times re: The Keynesian War Against Savings

Re: A Keynesian Victory, But Austerity Stands Firm, by Eduardo Porter Dear Sirs: Mr. Porter bases his Keynesian bias in favor of stimulus upon the fallacious concept that saving may be good for the individual but bad for the overall … Continue reading

Posted in News/ Lessons | Leave a comment