Friday, December 26, 2008

"Ludwig von Mises as TIME Person of the Year",9171,1865961,00.html

Congressman Ron Paul, yet again illuminates us with his primary source for libertarian gasoline, the great Austrian economist and political philosopher, Ludwig von Mises.

It is without a doubt that Ludwig von Mises is the intellectual foundationstone of Libertarianism.

Thursday, December 04, 2008

Hold on...

In yesterday's New York Times:
On Wednesday, people close to the discussions said that the Treasury had been talking with Fannie Mae and Freddie Mac about ways to drive down mortgage rates to as low as 4.5 percent. That rate is about a percentage point lower than the going rates for such loans.
Am I missing something? Isn't this exactly what caused the whole housing mess?

As much as the Austrians among us may dislike Milton Friedman, he does seem to have an appropriate zinger for every action the government takes. Quote of the day: "The government solution to a problem is usually as bad as the problem."

Tuesday, December 02, 2008

If you're a fan of Peter Schiff, and Ron Paul...

"Let's see Cato people wear this shirt."

...then you have to give credit to Mises, Rothbard and Hayek. These are all true, bona fide Austro-Libertarians in every sense. Here is a brilliant, 15-minute broadcast from the Lew Rockwell Show, where Peter Schiff is commenting on how the government wrecked the economy.

The Business Cycle Dating Committee of the National Bureau of Economic Research, a private, nonprofit research organization, declared that the U.S. economy tumbled into a recession in December 2007. Austrians predicted this way before. Actually, a recession will have been a nice reprieve to have taken compared to the ice storm that is to come in the following months. Can anyone adjust the inflation module to hyperspeed any better than old Ben?

Keep hating/ignoring on the Austrians just cause their name sounds antiquated. Don't read Man, Economy & State, it just might stimulate one's neurons a bit away from all the Keynesian folklore spewing out of President Bush's mouth.