Archive for November, 2008

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The Dynamic Moving Center

Monday, November 24th, 2008

Paul Samuelson is critical of Libertarian views and suggests that Friedman and Hayek were giving bad advice when they warned us of the problems of central planning.

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A Free-Market Monetary System

Friday, November 21st, 2008

This is a lecture delivered by F.A. Hayek at the Gold and Monetary Conference, New Orleans, November 10, 1977 it seems to have relevance to the current economic situation

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Shift Seen in Telecom Regulation

Friday, November 21st, 2008

President-elect Barack Obama said on the campaign trail that he supports the idea of net neutrality and preserving “the benefits of open competition on the Internet.” However, today’s WSJ reports that we should expect more regulation of the telecommunications industry.

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Soaring water demand alarming

Friday, November 21st, 2008

The Post & Courier (Charleston, SC) reports that the demand for water in South Carolina has been increasing and that we need an evironmental plan and we could have shortage. What about letting the price of water reflect the supply and demand conditions?

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Duck Tales Inflation Lesson

Thursday, November 20th, 2008

I found this post on FEE’s new blog. This clip from Duck Tales nicely explains the problems of inflation.

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Stocks Are Hurt by Latest Fear: Declining Prices

Thursday, November 20th, 2008

Today’s NYT reports that we are afraid of deflation. “It’s funny that just a few months ago everyone was wringing their hands over inflation,” said Nariman Behravesh, chief economist at Global Insight.

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Adrian Rogers on Free Lunches

Wednesday, November 19th, 2008

Economist Art Carden has interesting post on The Beacon about this simple, but important principle.

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The great Keynes con

Wednesday, November 19th, 2008

Historian Dominic Sandbrook explains that “The great myth about Keynesianism, in other words, is that it was tried in the Thirties and proved successful.” Thanks to my colleague Frank Hefner for sending me this article.

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Financial Crisis Tab Already In The Trillions

Tuesday, November 18th, 2008

In case you are not CNBC is keeping tabs on how many trillions the government is spending on the bailout and where it is going. According to CNBC the amout is already “$4.28 trillion dollars. That’s $4,284,500,000,000 and more than what was spent on WW II, if adjusted for inflation, based on our computations from a variety of estimates and sources*.”

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To Prevent Bubbles, Restrain the Fed

Tuesday, November 18th, 2008

Gerald O’Driscoll writes in yesterday’s WSJ that we should not trust the economy to the discretion of central bankers

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