You are browsing the archive for 2013 October.

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Not Enough Inflation Revisited

October 31, 2013 in Economics

By John P. Cochran

With the coming anointment of Janet Yellen as Fed chairwomen and the return of Tobin Keynesianism to the leadership of Fed the calls are coming from many of the usual suspect for more inflation as a cure for unemployment. Sheldon Richman responds with “Inflation is the Last Thing We Need.

The call for more inflation as a stimulus for the economy continual resurrects itself from the trash pile of bad ideas despite the long run harm such policies always bring when adopted such as the last time Tobin Keynesianism dominated Fed thinking with the go-stop of the late 1960s and 1970s. Paul Krugman made the argument during Spring 2012. My response, “Not Enough Inflation?,” is still highly relevant.

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Source: MISES INSTITUTE

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Sen. Paul Demands Answers Regarding NSA Targeting Pope Francis

October 31, 2013 in Politics & Elections

WASHINGTON, D.C. – Sen. Rand Paul today submitted the following Senate Resolution demanding that President Obama provide an explanation for reports indicating that the National Security Agency targeted the Vatican.

CLICK HERE TO LEARN MORE ABOUT SEN. PAUL’S RESOLUTION

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Source: RAND PAUL

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Sen. Paul Appears on America's Newsroom with Bill Hemmer- October 31, 2013

October 31, 2013 in Politics & Elections

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Source: RAND PAUL

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Watch: 12-Year-Old Nails N.C. Governor on Voting Rights Restrictions

October 31, 2013 in Blogs

By Janet Allon, AlterNet

Modern day suffragette Madison Kimrey: “The match has been lit and my fire burns bright.”


12-year-old Madison Madison Kimrey, founder of NC Youth Rocks, gave a rousing speech at a recent NAACP event, taking on Governor Pat McCrory, and the state's recent highly restrictive Voter I.D. laws. Being 12, her particular concern was the elimination of the state's pre-registration for 16 and 17-year-olds through schools and the state's DMV that enables them to automatically be added to the voting rolls when they turn 18. 

She completely nails Gov. McCrory, who refused to meet with her, calling her “ridiculous” and a “liberal prop.” Her response: “I am not a prop. I am part of a new generation of sufragettes.”

Gov. McCrory also said, according to Kimrey: “He had not read that part of the bill.”

In the words of Alicia Keyes: “This girl is on fire.”

Watch: 

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Source: ALTERNET

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New Spanish-language Resources

October 31, 2013 in Economics

By Mises Updates

Instituto Mises Hispano has some new translations:

The Institute has posted a translation of Ryan McMaken’s Mises Daily article on government-controlled water: “Subvenciones y escasez de agua en el oeste americano.”

The institute has also added Spanish subtitles to this video: Liberty and Economy on the work of Ludwig von Mises.

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Source: MISES INSTITUTE

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Peter Klein Explains: What Is Entrepreneurship?

October 31, 2013 in Economics

By Mises Updates

In this interview, Peter Klein explains what entrepreneurship is, what it means for the economy, and how the state distorts it.

Niaz: To me a great entrepreneur is someone who understands economics, can see the big picture, and analyzes the things globally. He is also an economist, a research scientist, and a remarkable doer. What are the core things of economics and globalization should entrepreneurs be master at?

Peter: I think everyone should understand basic economics—say, by reading Henry Hazlitt’s classic Economics in One Lesson. Most of economic principles are common sense: there’s no such thing as a free lunch, benefits and costs should be compared at the margin, voluntary exchange is mutually beneficial, actions often have unintended consequences, and so on. Basic knowledge about globalization—the radical drop in communication and transportation costs, the often-surprising differences in legal, political, and social rules and customs around the world—is important too. But I don’t think a deep theoretical knowledge of economics or international trade is a prerequisite to successful entrepreneurship. Intuition and experience are typically more here valuable than “book learning.” (And I say that as a university professor!)

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Source: MISES INSTITUTE

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Competition In the Marketplace Is a Hassle

October 31, 2013 in Economics

By Mises Updates

6572

So  have the government crush your competition for you. Writes Brian LaSorsa in Mises Daily:

The politicians of the world would like to offer anyone dead set on controlling an entire industry the chance to shine. So come one, come all — government agencies, cronies, and all their friends — as we present the five best ways to create a monopoly and to ensure you never have to compete again….

When the cost of doing business is high, make it higher. Small firms can’t survive government imposed regulations while bigger firms can certainly bear the burden, at least temporarily. Taxes, mandates, and especially “safety regulations” (e.g., clinical trials at the Food and Drug Administration) will wipe out your competition before they even have time to ask what the new rules mean. Then hire a lobbyist in Washington. I’m sure he or she will come up with a good reason that the industry should adhere to stricter and more expensive guidelines.

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Source: MISES INSTITUTE

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David Gordon Lists 5 Books For Freedom

October 31, 2013 in Economics

By Mises Updates

LRC today posted the transcript to this podcast with David Gordon on five books every new libertarian should read.

ROCKWELL:  Our guest this morning is Dr. David Gordon.  David is editor of the Mises Review.  He’s a senior fellow at the Mises Institute, author of a number of books, many, many articles.  His most recent book, The Essential Rothbard

But this morning, I want to talk to him about what — say, a person coming into Libertarianism as a result of the Ron Paul movement or attracted by an interest in Austrian economics during this part of the business cycle, David, let’s say, what are the five books that you would recommend for the intelligent layperson to introduce them to the basics of Libertarianism?

GORDON:  Well, thank you, Lew.  It’s very nice to be here.

The first book I might recommend if someone’s been interested in Ron Paul is — I think Ron Paul has a very fine book that came out calledThe Revolution: A Manifesto that really gives an excellent explanation of the basics of his political views and political philosophy…

I think one book people should definitely read — it’s a very short one but it really gets to the essence of the Austrian account of money and the basis of the business cycle and it explains why we’re in the conditions we are today — is by Murray Rothbard, called What Has Government Done to Our Money? …

Now the third book is a great classic of the 19th century by a great French classical Liberal, Frederic Bastiat, called The Law….

Another one that is sort of Bastiat for the 20th century was Henry Hazlitt’s Economics in One Lesson….

And the last one I’d mention is another book, a little longer, by Rothbard called For a New Liberty

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Source: MISES INSTITUTE

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Dick Cheney is a One-man Zombie Apocalypse

October 31, 2013 in Blogs

By Ana Marie Cox, The Guardian

The former VP has returned from the shadows – weirdly, to court the Tea Party for daughter Liz's Senate run. Happy Halloween!


Rationally, I realize that the reappearance of Dick Cheney in the media landscape is tied to his promoting his new book, Heart: An American Medical Odyssey. And, with equal clear-mindedness, I know that his publisher no doubt timed the book's debut to capitalize on the roll-out of the Affordable Care Act – Cheney has gravely insisted in interviews that the ACA would limit the technological innovations that allow his own survival.

A more primal part of me simply sees “Cheney”, “heart” and “Halloween” and I clutch my own chest in fear.

The Republican party has even more to fear than I do. Cheney – never very shy with advice – has used his book tour to continue his relentless campaign on behalf of torture and totalitarian tactics. And he's using it, paradoxically, to insist that he and his daughter Liz (now running for Senate in Wyoming) are allies of the Tea Party and that he supports their cause. “These are Americans”, he says, not so much as a rebuttal against an accusation but as an accusation itself.

The Tea Party “rebellion”, says Cheney is “a normal, healthy reaction, and the fact that the GOP is having to adjust to it is positive.” Less generally, he has offered that Liz is just the kind of adjustment Republicans need. “My own daughter is running for the US Senate in Wyoming,” he not-at-all-self-servingly-brought up in one interview, “partly motivated by the concern that Washington's not working, that the system is breaking down and that it's time for new leadership.”

Tea Party representatives have warmly greeted Cheney's advice and responded to his praise with an enthusiasm that betrays the insecurity anyone might feel if, you know, most of America thought they were obstructionist brats: “Guess …read more

Source: ALTERNET

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Lawsuit: Ark. Cop Chased and Tased Woman After She Refused to Show Him Her Breasts

October 31, 2013 in Blogs

By Erik de la Gaza, Courthouse News

At her job, no less.


LITTLE ROCK (CN) – A city cop in Arkansas chased a woman through her workplace, shooting a Taser at her, because she refused to show him her breasts, the woman claims in court.

     Ashlea Bennett sued the City of Haskell, Ark. and its police Officer Brandon Carter, in Federal Court.

     She claims Carter “demanded that she expose her breasts to him” after he entered her workplace while on duty and wearing his uniform.

     ”Carter's demands to the Plaintiff to expose herself to him occurred multiple times,” she says in the lawsuit.

     It continues: “That the Plaintiff refused to show her breasts to Carter.

     ”That, upon her refusal, Carter drew his City of Haskell-issued electroshock Taser weapon from his utility belt, pointed the weapon at plaintiff, and threatened to deploy the same against her if she would not expose her breasts to him.

     ”That, upon seeing the threat of unlawful force, the plaintiff took physical flight and ran from Carter.”

     Officer Carter then “proceeded to physically chase the plaintiff through her place of employment,” the complaint states.

     It continues: “That, while chasing the plaintiff, Carter activated and deployed his electroshock Taser weapon in 'drive stun' mode numerous times at or directed at the plaintiff. That Carter did these actions with the intention of causing fear, imminent fear of bodily harm, and/or emotional distress to gain the plaintiff's compliance with his sexual demands.”

     Bennett claims that before this Dec. 13, 2011 incident, Carter had made “inappropriate sexual comments” to her on multiple occasions “and demanded that she expose herself to him.”

     She claims that before Carter chased her around her office, “the City of Haskell was aware, or should have been aware, of complaints made about or issues concerning Carter's conduct, including, but not limited to, his inappropriate sexual actions occurring under color of law.”

     Haskell, pop. 3,990, is about 30 miles south of Little Rock in Saline County.

     Bennett seeks compensatory and punitive damages for constitutional and civil rights violations, assault, failure to train and supervise, negligent supervision and outrage.

     She is represented by Clinton W. Lancaster of Benton, Ark.

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Source: ALTERNET