Why Estonia Is Beating the Eurozone
Against the background of a severe economic crisis in the eurozone, one is surprised to find a member of the euro area that is actually showing good economic performance. This member is Estonia. The average yearly rate of growth in Estonia stood at 8.4 percent in 2011 against overall eurozone performance of 1.5 percent.
Hegel and the Romantic Age
Hegel, unfortunately, was not a bizarre aberrant force in European thought.
National Independence
"What should we do in case of war," it is said, "if we are placed at the mercy of England for iron and coal?"
The Circle Bastiat
John P. Cochran: Central Banks: Reform or Abolish
Gerald P. O’Driscoll has an important new working paper at Cato, “Central Banks: Abolish or Reform.”
HT to Kurt Schuler at Free Banking.
Conclusion:
We have two bad systems: the fiscal and the monetary. They are intertwined now as they were in
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Mark Thornton: A Not So Bright Idea
Everyone knows that Thomas Edison was the inventor of the light bulb, but few people are aware that he came up with an idea for a new monetary system. He was dissatisfied with the gold standard (under the National Banking Acts) and also with fiat pap
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Peter G. Klein: Nobel Prize for "Market Design"
This year's Nobel-ish prize in economics goes to Alvin Roth and Lloyd Shapley for research on matching methods and the resulting application to market design. Briefly, this work deals with allocating resources in the absence of money and prices.
... More »
John P. Cochran: Austrian Influence: China and the WSJ
More signs that the writings of Hayek, Mises, and modern Austrian economists are beginning to have some influence even in places where it might be least expected despite the efforts of Professors DeLong and Krugman to discredit thses
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