by Ralph Benko | Jan 29, 2013 | Uncategorized
Originally posted Tuesday, January 29, 2013 Share High among Hollywood blockbusters is the Lord of the Rings trilogy, accompanied, now, by The Hobbit. Its central device is a quest for possession of one gold ring. The Wikipedia provides its background: Image courtesy...
by Ralph Benko | Jan 24, 2013 | Uncategorized
Originally posted on Thursday, January 24th, 2013 Murray Rothbard, in Economic Thought Before Adam Smith: Austrian Perspective on the History of Economic Thought, referenced the great Greek poet Hesiod as the first economist. From Hesiod we have many of the great...
by Ralph Benko | Jan 22, 2013 | Uncategorized
Originally posted on Tuesday, January 22, 2013 Share Is the Federal Open Market Committee holding monetary policy too tightly? The president of the Federal Reserve Bank of Minneapolis believes that may be true. It may be. It is impossible, under the regime of...
by Ralph Benko | Jan 18, 2013 | Uncategorized
Originally posted on Friday, January 18th, 2013 The work of Prof. Antal Fekete, and his critique of leading Austrians such as Hayek, Mises, and Rothbard is coming to increasing note. He was discovered years ago by “the Sage of Mexico,” Hugo Salinas Price,...
by Ralph Benko | Jan 16, 2013 | Uncategorized
Originally posted on Wednesday, January 16, 2013 Share Adam Smith, in his An Inquiry into the Nature and Causes of the Wealth of Nations, praisesfractional reserve currency — if secure in the “confidence in the fortune, probity, and prudence of a...
by Ralph Benko | Jan 10, 2013 | Uncategorized
Originally posted on Thursday, January 10, 2013 Share Among the many commodities that have been used as money — such as seashells, tobacco, salt — the tail feathers of the Resplendent Quetzl — after whom the national currency of Guatemala is named...
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