Monthly Archives: May 2009

history: How $2,000 Launched a Revolution

From Quin Hillyer’s review of Funding Fathers and Foundations of Betrayal: The good news is that conservative philanthropy often gets more bang for its bucks. In Funding Fathers: The Unsung Heros of the Conservative Movement, Hoplin and Robinson tell a … Continue reading

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boom/bust: G. R. Steele on Hayek’s Macroeconomic Analysis of the Trade Cycle

Gerry Steele in Economic Affairs on Hayek’s business cycle theory. An easy-money policy can be veiled by many factors, which include the impact upon unit costs of new technologies and falling commodity and energy prices. Given microeconomic variations in unit costs … Continue reading

Posted in Boom & Bust | 1 Comment

web: Counter-Cyclical Asset of the Day

The “Friedrich Hayek” Google search. The “Friedrich Hayek” search began to spike in the 4th quarter of 2008 at the onset of the crash, and has been spearheaded by searches from New York City, Washington, D.C., Toronto, London, and Paris, … Continue reading

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video: Thomas Sowell on the Housing Bust & the “Stimulus”

Thomas Sowell’s new book is The Housing Boom and Bust.

Posted in Thomas Sowell | 2 Comments

hayek vs obama: The Rule of Law vs The Ad Hoc Use of Power to Achieve “Fairness”

The editorial writers of the Washington Post seems to be among the many new readers of F. A. Hayek’s The Road to Serfdom, especially his chapter “Planning and the Rule of Law”: the spectacle of [Chrysler] creditors being stripped of … Continue reading

Posted in Redistributive Justice, Rule of Law, Social Justice | 1 Comment

quotes for today: Why The Leftist Party Needs Enemies – from F. A. Hayek’s The Road to Serfdom

Friedrich Hayek explains why statist party leaders and ideological foot soldiers find vilification so important to their program: “It is in connection with the deliberate effort of the skilful demagogue to weld together a closely coherent and homogeneous body of … Continue reading

Posted in Quotations, Road to Serfdom | 2 Comments