The New Austrian School of Economics
The Austrian School of Economics dates its beginnings back to the publication in 1871 of a slender volume: The Principles of Economics(Grundsätze der Volkwirtschaftslehre) by Carl Menger. The adjective "Austrian" was meant to be derogatory, introduced by economists of German school of historicism to ridicule Menger's idea of basing economic science on axiomatic foundations, on the pattern of logic and mathematics. The root of the word "Austrian" is "East", so the connotation of "Austrian
Wheels Falling Off Euro?
What a day Friday was! The Daily Bell began its coverage of both the falling euro (and the failing EU) by pointing out that (as predicted), the power elite and the EU political elite, particularly, were using the EU "crisis" as a way to call for increased centralization (EU Leaders Seek 'US of Europe'). But then came the news that Nicolas Sarkozy of France had threatened to withdraw France from the EU if Angela Merkel of Germany didn't go along with the EU's just-announced trillion-dollar
The California Governor’s race needs one of these
A candidate with huevos Not saying a woman couldn’t do it, just doubtful if the woman GOP candidate in the race today can. Same goes for the man. Meg Whitman and Steve Poizner seem to me to be two people looking for significance in their lives, much like Carly Fiorina in the Senate race. They [...]
How Much Money Did Mary Fallin Get From You?
Fallin political mailer “prepared, published and mailed at taxpayer expense”
Lincoln Mayors Office Wants Your Input on the Budget? Sorta
By Shelli Dawdy This is almost laughable. Almost. I find no small irony in the fact that the discussion about the City of Lincoln budget conveniently occurs after the primary election is over. It’s particularly convenient this year following the full court press (yes, pun intended) to build a new arena. A budget discussion at this point is [...]
AxXiom and Maxim with Schulz and Houchen May 14th!
AxXiom introduces Maxim with
Guests GW Schulz & Howard Houchen
on Rule of Law Radio
Europe's (and our coming) Tragedy of the Commons
The gist of the tragedy is that commonly held (important) resources will be depleted and will not be replenished. And this doesn't apply only to how the wilds are being ruined by being held in common but also to national treasuries which everyone in a country believes is there for him or her to dip into indiscriminately. And then, with international communities, the tragedy isn't contained by national borders.
Hyperinflation or Hyperdeflation
James Turk's article Hyperinflation Looms dated April 20, 2010, is based on Quantity Theory of Money (QTM). It draws an analogy between Weimar Germany of 1923 and the United States of 2010. Both precepts are invalid. As far as the QTM is concerned, it suffices to point to the very fact, admitted by Turk, that it is possible to have a shortage of money simultaneously with the overworking of the printing presses. Hyperinflation is not the same as the ultimate inflation of the money supply.
IMF Plotting Gold-Backed SDRs?
International currencies are much in the news these days (see other article, this issue) and in this article we will contemplate two rhetorical goalposts that the power elite could use to move the world further on down the field toward a single Western international currency administered by one huge private central bank. (Is that their goal - the ultimate dominant social theme? We think it might be).
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