A significant new development in the libertarian world … Laissez Faire Books Launches the Laissez Faire Club by Geoffrey Allan Plauché on April 20, 2012 Laissez Faire Books (LFB) is a seminal libertarian institution that dates back to 1972, six years before I was born. In its heyday, it played a central role in the […]
Via ZeroHedge, we discovered a must-read article by Jim Grant, published in the March 23rd edition of Grant’s Interest Rate Observer (Vol 30, No 6d): In the not quite 100 years since the founding of your institution, America has exchanged central banking for a kind of central planning and the gold standard for what I […]
Could a bank exist independent of state support, and could it act as a bastion of liberty? I recently came across the original quarto edition of the “Act of Parliament For Erecting a Bank in Scotland, Edinburgh, July 17th 1695.” I have scanned it and you can download it here. [prettyfilelist type=”pdf,xls,doc,zip,ppt,img,mp3″ filestoshow=”308,” hidefilter=”true” hidesort=”true” […]
For anyone who is interested to understand what money is and what’s happening to it, I strongly recommend you listen to these two presentations. [youtube height=”400″ width=”620″]http://www.youtube.com/watch?v=Ri6rIF40iSA[/youtube] [space height=”20″] [youtube height=”400″ width=”620″]http://www.youtube.com/watch?v=xoMAYAKHQqU[/youtube]
My Foreword to Prices & Production and Other Works, published by the Ludwig von Mises Institute in 2008. An old Polish soldier who had settled in London after World War II exposed me to the teachings of Hayek when I was sixteen years old. He had fought the Nazi machine as a member of the […]
Today, as the last article in this series, we present the words of Say himself, taken from his masterpiece A Treatise on Political Economy. Does the first paragraph not sadly resonate today? OF THE DEMAND OR MARKET FOR PRODUCTS It is common to hear adventurers in the different channels of industry assert, that their difficulty […]
By Toby Baxendale, on 15 February 12 In an article for the FT on the 5th of February, highlighted by Steve Baker in a recent speech, Lord Lawson wrote: The auditing of banks’ accounts … is fundamentally flawed in itself. The IFRS accounting system itself has proved to be damagingly pro-cyclical, and the ability to […]
Hazlitt referred to the great economist Benjamin M. Anderson in the same breath as Mises when saying that both of them had already penned essays that had dealt with the so called “refutation” of Say’s Law by Keynes. We part republish his “Digression on Keynes,” which appeared as Chapter 60 of Anderson’s Economics and the […]
Today we reproduce a wonderful essay written by Ludwig von Mises for the Oct 30th 1950 edition of The Freeman, and subsequently published in his book Planning for Freedom (1952). Like Hazlitt in my previous post, Mises draws to our attention to the fact that Adam Smith and J B Say had already dealt with […]
On Wednesday, I talked about the forgotten wisdom embodied in Say’s Law. Today, we reprint the chapter called “Keynes vs. Say’s Law” from Henry Hazlitt’s The Failure of the “New Economics” which is a quick read and sheds more light on what the classical economists did and did not think with regards to Say’s law, […]
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