Prison Break From the Historical Narrative of Webster Tarpley
I don’t even want to post the YouTube here, but if you are curious here is the link to “PrisonPlanet” host Alex Jones’ interview with Webster Tarpley. I am commenting on this because different people...
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Life Insurance, the Forgotten Savings Vehicle
Most Americans today know precious little of their country’s history, besides things like certain U.S. presidents and big wars. For example, most Americans don’t know that because of Constitutional...
View ArticleMises on “We Owe the Debt to Ourselves”
Wow, did I blog about this back when we had the fall of Western civilization? Anyway Mises–in a footnote of course–could have saved all of us a month of hassle: The most popular of these doctrines is...
View ArticleI Hear a Train a Comin, It’s Comin Down the Tracks
Sorry everyone but I am working through some major deadlines and won’t be able to blog much, at least through mid-September. (However, if you just can’t stand it, find me on Facebook, as Robert P....
View ArticleThe Fatal Conceit
[UPDATE below.] The title of this post refers, of course, to Hayek’s warning about really smart guys thinking they understand a complex system well enough to start tinkering with it. Nick Rowe has had...
View ArticleAmanda BillyRock Goes to University…Mises University
I’m still trying to get my right audio channel to work, and she apparently has the ability to speed up time itself in her videos:
View ArticleDavid Glasner Needs to Re-Read Mises
The mischievous von Pepe dangled a recent post by David Glasner in front of me. Glasner writes: [T]he notion of unsustainability [in Austrian business cycle theory] is itself unsustainable, or at the...
View ArticleAdmission of Error Is a Rarity in the Geeconosphere
[UPDATE: I swapped out one of the arguments in light of re-reading Glasner and realizing I misunderstood one of his defenses.] Consider the following hypothetical argument: DAVIE: Man, that George...
View ArticleMoney Is a Spontaneous Order Not a Social Contrivance
Everybody has been talking about this “is money a bubble?” controversy. (Nick Rowe, in addition to being awesome on OLG apple models, is also good at linking everybody in this debate.) I want to make...
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Learning From Brad DeLong and Paul Krugman
Rather than have a long series of posts discussing the fallout from my (price) inflation bet with David R. Henderson, I decided to do one comprehensive reply to Brad DeLong and Paul Krugman. I had...
View ArticleCool Quote From Mises
Came across this while reviewing something for a client… We are the lucky heirs of our father and forefathers whose saving has accumulated the capital goods with the aid of which we are working today....
View ArticleMy Thoughts on Formalism in Economics
Recently many econobloggers have offered their thoughts on what is often called “mathematics in economics,” but I think is really more about formalistic model building in economics. Here’s a very...
View ArticleThere Is Only One Body of Economic Law: Mises Has Spoken
I just typed in this block quotation from page 68 (Scholar’s Edition) of Human Action: The domain of historical understanding is exclusively the elucidation of those problems which cannot be entirely...
View ArticleMises on A Priori Reasoning
This comes from page 38 in the Scholar’s Edition of Human Action. I just had to paste this into a project I’m working on; thought it would be relevant: All geometrical theorems are already implied in...
View ArticleMises on the Invisible Hand Metaphor
From page 240 of the Scholar’s Edition of Human Action: Theism and Deism of the Age of Enlightenment viewed the regularity of natural phenomena as an emanation of the decrees of Providence. When the...
View ArticleDanny Sanchez Interviews Me, Part 2 of 5
This is the second of five parts of a detailed interview Danny Sanchez had with me, over the summer when I was at the Mises Institute. It is partly to promote my upcoming Mises Academy online class,...
View ArticleYglesias vs. Mises on War Inflation Finance
In this intriguing post (since he mostly heaped praise on Ferguson in spite of the latter’s attack on him) Matt Yglesias writes: [T]he moral of [Ferguson's book discussion of World War I] here is that...
View ArticleMises’ Momma Didn’t Raise No Fool on Banking Regulations
For some reason this passage from pages 443-444 of Human Action cracked me up: People may uphold the opinion that banknotes are more handy than coins and that considerations of convenience recommend...
View ArticleMises Admits That He Was Too Trusting of Governments
I love this from page 780 of Human Action: In dealing with the problems of the gold exchange standard all economists–including the author of this book–failed to realize the fact that it places in the...
View ArticleTom Woods Talks MMT With Me
Here. Two things: (1) I misspoke early in the interview, when I confused Abba Lerner with Oskar Lange. They both advanced the “market socialist” response to Mises during the celebrated Socialist...
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