Eighty years ago, in the autumn of 1934, there appeared in English one of the most important books on money and inflation penned in the twentieth century, The Theory of Money and Creditby the Austrian economist, Ludwig von Mises. Even eight decades later, it still offers the clearest analysis and understanding of booms and busts, inflations and depressions.
To paraphrase the knight who guarded the Holy Grail in “Indiana Jones and the Last Crusade,” Ireland has chosen poorly.
The Emerald Isle has decided to make itself decidedly less attractive to people the world over.
It’s been a rough year for the Common Core standards. As parents, teachers, officials, and politicians learn more about the standards, more and more states are considering ways to get out of Common Core. The standards in math and reading were allegedly designed to make students career- and college-ready. Now that the public is able to see them, the standards have proven not to be what was promised. People are fighting back.
Behavioral psychologists and economists have considered incentives to be a normal part of human nature for decades, if not centuries, but applying them to education still stokes controversy. For example, some people recoil at the idea of paying kids and their teachers for high scores on Advanced Placement tests that get students college credit in high school, as some schools in Northern Virginia are doing,
These days, when some world leader or politician speaks of the climate—the weather is what is happening right now wherever you are—they are not talking about sunshine or rain. They are talking about a devilishly obscene way of raising money by claiming that it is humans that are threatening the climate with everything they do, from turning on the lights to driving anywhere.
JOIN US: In this new book, Forbes Media Chairman and Editor In Chief Steve Forbes explains that today’s wrong-headed monetary policies are setting the stage for a new global economic and social catastrophe that could rival the recent financial crisis and even the horrors of the 1930s.
It’s been a month since the billionaire triumvirate of Tom Steyer (pictured), Henry Paulson and Michael Bloomberg introduced their ballyhooed Risky Business report on the climate, and after all the op-eds, blog posts and public interviews so far, all that can be said about it is that it is already an empty, meaningless PR campaign upon which the financial hot shots have wasted their money.
John Feehery’s piece here on the dangers of rising Republican skepticism for big business is an amusing read, not just because I’m pretty sure nearly every sentence of it can be debunked in whole or in part. The tone is one of desperate confusion: when did the Republican Party stop being knee-jerk pro-business in the subsidies and carveouts and bailouts sense? Why do they want to kill the jobs of hardworking K Street influence peddlers?
Imagine police seize your money, your car, even your house. Imagine this happens without you being convicted of a crime or even charged with one. Imagine being told you must sue the government to get back your property and prove you did nothing wrong, and the government can do nothing – nothing – and still keep the property.
For more than two hundred years, practically all of the leading advocates of individual liberty and free markets have assumed that money and banking were different from other types of goods and markets. From Adam Smith to Milton Friedman, the presumption has been that competitive markets and free consumer choice are far better than government control and planning – except in the realm of money and financial intermediation. They have been wrong on this important issue.
In its recent ruling in McCutcheon v. Federal Election Commission, the Supreme Court struck down yet another provision of federal campaign finance law as a violation of the First Amendment’s free speech guarantee.
This time it was the Bipartisan Campaign Reform Act’s limitation on the aggregate amount of contributions — presently $123,200 — that a donor may contribute to all candidates or party committees in one election cycle.
Seventy-eight years ago, on February 4, 1936, the British economist John Maynard Keynes (1883–1946) published what soon became his most famous work, “The General Theory of Employment, Interest, and Money.”[…]
Forgotten or at least certainly downplayed in the international remembrance of Mandela’s nearly three decades of imprisonment and his historical role in becoming the first black president of post-Apartheid South Africa is the fact that through most of the years of his active resistance leading up to his arrest and incarceration he accepted the Marxist interpretation that racism and racial discrimination were part and parcel of the capitalist system.
Once one properly understands wealth, it makes absolutely no sense for governments, churches, or other institutions to think they can make the world or the country better off by confiscating wealth from some people and giving it to others.
Retail stores are opening even earlier than usual for their annual Black Friday sales this year, in an intensifying competition for scarce consumer dollars. Big retailers such as Target, Kohl’s, Macy’s, Best Buy, Sears, and Toys R Us will open Thursday night and feature “doorbuster” bargains to lure tryptophan-laden customers into their emporia (if they can fit through the doors).
Much of the federal government’s communications core management and operations hasn’t changed since the General Services Administration created the Federal Telecommunications Service in 1960.