Category Archives: News/ Lessons

Re: Delight or Dread as Euro Falls Dear Sirs, Of all the economic fallacies perpetrated on the public by so-called “macro economists”, recommending currency debasement as the path to economic recovery and permanent prosperity may well be the most destructive. … Continue reading →

From today’s Open Europe news summary (my emphasis): Greece to start technical talks with creditors tomorrow amid criticism that too much time is being wasted Eurozone finance ministers agreed yesterday that officials from the Greek government and the EU/IMF/ECB Troika … Continue reading →

From today’s Open Europe news summary: Greek Defence Minister: We’ll flood Europe with refugees if Greece is ‘hit’ by Germany; Speaking at a meeting of Independent Greek MPs yesterday, party leader and Greek Defence Minister Panos Kammenos argued that “If … Continue reading →

(Following is the text of a presentation given at Drake University in Des Moines, Iowa at the annual convention of the Iowa Association of Political Scientists.)   The Threat to the Dollar as the World’s Premier Reserve Currency …but does … Continue reading →

Re: Japan’s Growth in Solar Power Falters as Utilities Balk Dear Sirs: One of the prime reasons for the failure of Japan’s solar power initiatives is the government’s ignorance of the coordinating function of the the free market. The article … Continue reading →

Re: Saving Big on Energy Bills, People Take It to the Bank, by Nelson D. Schwartz Dear Sirs: Keynesian school macro economists may be scratching their heads that the spending numbers that they hold so dear are not increasing, but … Continue reading →

Re: The Futility of Bank Regulation Under a Monetary Regime of Financial Repression, by Jeffrey P. Snider   I have admired the writing of Mr. Snider for some time now. His latest missive is long and detailed, but I was … Continue reading →

Since the Greek deal contains absolutely zero pro-market reforms, it won’t fix anything. Raising taxes, cutting down on tax evasion and smuggling, even if successful in raising tax revenue, simply entrench government at its current and possibly higher level. The … Continue reading →

Re: Fed Appears to Hesitate on Raising Interest Rates Dear Sirs: Austrian School economists are not at all perplexed about what to do with interest rates, because our understanding of economics and especially monetary policy is superior to that of … Continue reading →

Re: Gold coins, at bottom of sea for millennium, go on display A wonderful little report about a recent discovery of gold coins off the coast of Israel, which confirms why gold is the premier store of value since time … Continue reading →