Archive for August 22nd, 2009

A Neglected Masterpiece of Economic Analysis »

I recently read a book titled Banking and the Business Cycle: A Study of the Great Depression in the United States, by C. A. Phillips, T. F. McManus, and R. W. Nelson. It was originally published by Macmillan in March 1937, later became a hard-to-find, almost-forgotten book, and in 2007 was reissued by the Mises Institute in an inexpensive paperback…
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Why Do We Accept in Ourselves That Which We Condemn in Others? »

There was a certain horrifying fascination to observe the speed and enthusiasm with which conservatives embraced the unprecedented growth of government power and size under George W. Bush in the aftermath of 9/11. A Crisis and Leviathan case study in the “ratchet-effect” of “crises” — documented brilliantly throughout by Bob Higgs and reprinted as…
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