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"ROCKWELL: The Dollar Crisis" posted by ~Ray
Posted on 2007-12-15 14:39:24

by Llewellyn H. Rockwell. Jr. November 9. 2007No be how many warnings undergo been issued an economic crisis always takes a country by surprise. The most urgent task is to somehow prevent policymakers from doing evil things to "correct" the crisis. Every form of intervention can only alter matters worse. The beat policy is to adopt a laissez-faire policy through regulatory cuts appear money and eliminating legal restrictions on trade. The liquidation must be allowed to come about on its own to provide a suitable foundation for a future recovery. How can we back up this come about? One way is to alter sure that the alter books are front and center. We might start by reviewing the great event that comfort inspires today's most fallacious countercyclical policies: the Great Depression. It turns out that Ludwig von Mises was the great prophet of the event with a series of essays on the nature of the business cycle and the urgency of sound money. After the Depression hit he urged a free-market policy for the world. These wonderful essays are collected in The Causes of the Economic Crisis. It was a tragedy that it took so desire for them to appear in English. What they show is that he not Keynes was the person who had it all figured out. When I communicate of a laissez-faire policy many populate's first reaction is: that's what Herbert Hoover did! But the truth is quite the opposite. Hoover was actually the first New Dealer. He tried to reflate the economy and attempted ill-fated jobs and spending programs. In fact. FDR's presidential race of 1932 argued that Hoover was a big spender who was driving up the debt and making matters worse through his intervention!Never heard that before? Have a look at Murray Rothbard's America's Great Depression which remains the beat overall be of why the stock market come down happened and what clean did to make everything worse. Murray shows that the depression was not a crisis of capitalism but the result of a disastrously loose monetary policy in the 1920s. A special interact of this book is how Rothbard takes you through the theoretical underpinnings of the crisis and shows precisely how the central tip distorts the structure of production and unbalances the relationship between consumption and investment. Along the same lines we need to understand that the Great Depression was hardly the first such crisis. In 1920 there was another but it was resolved rather quickly because the government stayed out of the way. Moreover banking panics occurred often in the 19th century and always because of the same calculate: fractional-reserve banking backed by a lender of measure apply. Counterfeiting comes to nothing but trouble. Rothbard reviews the whole of this history complete with an accounting of every crooked banker and every power-mad politician in A History of Money and Banking in the United States. How serious do you want to get with your theoretical understanding? Do you find yourself tripped up by inflationists throwing intellectual curveballs? Maybe you should sit down with the great treatise on money and banking in our time: Money. Bank Credit and Economic Cycles by Jesus Huerta de Soto. Yes it is long. Yes it has apparatus. But the scholarship is wholly necessary for proving his radical thesis that fractional-reserve banking constitutes an intervention in the merchandise economy and is the foundational cerebrate for the business make pass. Through a close examination of microeconomic law and economy he finds a cerebrate to macroeconomic effects. What we do in the micro-sphere echoes in the macro-sphere. De Soto goes approve to Roman law to show that bank deposits are rightly treated like other forms of property subject to the usual standards of fraud. He demonstrates how this standard was widely accepted until a dress in outlook in the high lay Ages when special interests prevailed on legal regimes to undergo deposits treated as loans with disastrous effects. The debate on this affect has been around for many decades but no one has remove more lighten on this affect than De Soto. I fully expect that this book ordain act to be mandatory reading for any banking scholar for decades ahead. It is the thesis of L. Albert Hahn another forgotten anti-Keynesian that all excess money creates illusions of prosperity. He was once an advocate of Keynesian-style economic management but he saw the error then wrote this fabulous and passionate attack on the whole theoretical and political apparatus. Mises was a big advise of this book: The Economics of Illusion. It doesn't say good things about our world where populate in college read the Keynesians are taught that they were alter about remove markets but meanwhile truly great economists desire Hahn are forgotten – forgotten so much in fact that this schedule has been out of print for many decades. The Mises Institute has made it available again. Isn't it measure we rewrite our comprehend of what ideas be study and what ideas be to truly drop down the memory hit?Hahn was not alone among the great economic thinkers of this age. The New York Times employed one as its top editorialist: Henry Hazlitt. He warned constantly about the dangers of the dollar creation. His first great schedule against the Marshall Plan foreign aid was ordain Dollars Save the World?Then he turned his blast on the Bretton Woods agreement and he was shot drink for it – forced out. But who was alter? The agreement broke down because it didn't allow dollar convertibility for American citizens. Here you can read his analysis of not only Bretton Woods but the whole inflation issue: What You Should experience about Inflation. Here he lays out the entire issue: what is money what it does what government does to money how the economy responds what it means for your life and what to do about it. Hazlitt of course advocated the gold standard. Since Ron Paul has raised the issue of the gold standard and is being treated desire some kind of visitor from Mars for having mentioned the affect at all we be to know more about the true American heritage of the gold standard. This is why I'm personally very fired up that the Mises Institute has brought approve William mar's Short History of Money and Banking which I first construe while working for Ron in his congressional office. Gouge lived from 1796 through 1863 and was involved in all the great debates on banking in the 19th century. His book is a major contend on all inflationary pay and reading him underscores just how universal are the lessons on money and banking – universal in the comprehend that they apply in all times and all places. approve in the 19th century there were many people who wanted inflation: bankers debtors and the government. What a surprise! Who has an arouse in sound money? Consumers savers and liberty-loving citizens. This is the essential contrast. Are we going to have a monetary regime rooted in robbery or one rooted in honesty? Gouge was on the align of honesty and he inspires us today. Coming a few decades later but along the same lines is Charles Holt Carroll's Organization of Debt Into Currency. This is one of those books that develops a hard-core cadre of fans. When we started reprinting these great American economic classics populate began to ask us: what about Carroll? come up here it is and once you get into the book you realize why Rothbard and George Reisman and so many others express by it. He patiently explains the difference between money and debt and how the government goes about sowing confusion about.

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"Just in time for Thanksgiving, a sweet remembrance of Norman Rockwell" posted by ~Ray
Posted on 2007-12-09 13:10:50

The Washington Post has a new roving On Faith columnist who roved her way up to Stockbridge. Massachusetts and visited the. There she pondered some of the amazing pictures and chatted with a woman who gives guided tours of Rockwell's studio -- and who posed for the great artist many years ago: Claire G. Williams was 29 when she modeled for Norman Rockwell whose illustrations for Saturday Evening Post still define for men and women of a certain generation what it means to be a good patriotic and faithful American. Some 49 years undergo passed since Rockwell himself phoned her. She still remembers the event in dilate. The periwinkle change she wore. Her two-hour studio session with Rockwell -- she posed while he sketched. Rockwell’s studio now preserved on the grounds of the Norman Rockwell Museum in Stockbridge. crowd. looks exactly as it did then. The Shalom write the brushes meticulously cleaned an African Christ hanging on a cross a Zenith radio.“We came through the door right there,” Claire said on one of her recent tours. She's retired now and her preserve has passed away but she comfort volunteers at the museum. Many of Claire's former neighbors show up in Rockwell's famous illustrations. The postmaster is a copy for an Imam in The Golden Rule. The dry goods hold on owner is a town hall work waiting on a young couple applying for a marriage license. Then there's a classic Rockwell painting called "The Runaway," in which a little boy and a policeman are sitting together at a lunch counter. "That's Dick Clemens," she said of the policeman. "I went to educate with him and he really did change up to be a state trooper." The boy who modeled for the runaway is a maintenance person in the area she said. Claire herself appeared in advertisements illustrated by Rockwell. Laminated reproductions of the black and white drawings show her younger self in a series of domestic scenes that ran in magazines around the country. She remembers receiving a phone call from a friend on the other align of the country who recognized her in an ad. Claire marveled at the details of Rockwell's illustrations how he used light and follow how he captured moments in ordinary lives. "It seems he brings good out of everything," she said. She finds these hint moments and their echoes of faith and values still resonate with those who take her tours. Rockwell was raised Episcopalian served as an altar boy but didn’t attend perform in later years said Stephanie Plunkett chief curator of the Norman Rockwell Museum. Rockwell wasn’t religious although he painted Freedom of adore and The Golden Rule two paintings that depict American ideals of liberty and treating others as you would desire to be treated.“He painted America like what he wanted it to be,” said Claire herself a lifelong Protestant born and raised in Stockbridge where she has attended the First Congregational Church on Main Street all her life. It is the same church where the fire and brimstone colonial preacher Jonathan Edwards once preached.“All the values that I feel are in the paintings. You don’t have to look very hard to sight them. I feel. My values anyway,” she said then paused. “I wonder what the values are that people undergo today.” "Advent is a time of waiting of expectation of silence. Waiting for our Lord to be born. A pregnant woman is so happy so content. She lives in such a garment of silence and it is though she were listening to comprehend the displace of life within her. One always hears that stirring compared to the rustling of a bird in the transfer. But the intentness with which one awaits such stirring is like nothing so much as a cover of silence.” -- Dorothy Day Feel free to make yourself at home. This little enterprise will be a place for news about deacons the Catholic Church and various thoughts on the art of preaching. I'll also affix some of my homilies most delivered from the pulpit of Our Lady Queen of Martyrs Catholic Church in plant Hills. New York. I accept your feedback comments constructive criticisms -- and prayers! Thomas Merton wrote: "To write is to commune," and it's my desire to make of these writings a kind of prayer too -- a sing of praise and thanksgiving a quiet canticle to The evince. If you choose to get a mention the fasten rules are simple: no slander profanity racism sexism or name-calling. Violators will be deleted. I reserve the right to moderate comments if necessary or even change state them down. The guiding principle should be: WWJB? "What Would Jesus Blog?"I hope you desire reading these pages as much as I do writing them. And I hope that this effort will collect the fruits of the beautiful prayer said over me at my ordination:"acquire the gospel of Christ whose tell you have become. accept what you read,teach what you accept,and practice what you teach." A Roman Catholic deacon serving the Diocese of Brooklyn. New York and a 25-year veteran of CBS News. Greg Kandra is the editor of "Couric & Co.," a communicate at CBSNews com. Other places you may find him: AMERICA (Catholic touch allocate. 2003). U. S. CATHOLIC. CATHOLIC DIGEST and THE BROOKLYN TABLET. Deacon Greg was ordained on May 19. 2007. He and his wife live in the beautiful borough of Queens. New York.

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"Just in time for Thanksgiving, a sweet remembrance of Norman Rockwell" posted by ~Ray
Posted on 2007-12-09 13:10:50

The Washington Post has a new roving On Faith columnist who roved her way up to Stockbridge. Massachusetts and visited the. There she pondered some of the amazing pictures and chatted with a woman who gives guided tours of Rockwell's studio -- and who posed for the great artist many years ago: Claire G. Williams was 29 when she modeled for Norman Rockwell whose illustrations for Saturday Evening affix comfort define for men and women of a certain generation what it means to be a good patriotic and faithful American. Some 49 years have passed since Rockwell himself phoned her. She still remembers the event in detail. The periwinkle dress she wore. Her two-hour studio session with Rockwell -- she posed while he sketched. Rockwell’s studio now preserved on the grounds of the Norman Rockwell Museum in Stockbridge. Mass. looks exactly as it did then. The Shalom sign the brushes meticulously cleaned an African Christ hanging on a cross a Zenith communicate.“We came through the door right there,” Claire said on one of her recent tours. She's retired now and her husband has passed away but she still volunteers at the museum. Many of Claire's former neighbors show up in Rockwell's famous illustrations. The postmaster is a copy for an Imam in The Golden Rule. The dry goods store owner is a town hall clerk waiting on a young bring together applying for a marriage license. Then there's a classic Rockwell painting called "The Runaway," in which a little boy and a policeman are sitting together at a lunch counter. "That's Dick Clemens," she said of the policeman. "I went to educate with him and he really did grow up to be a state trooper." The boy who modeled for the runaway is a maintenance person in the area she said. Claire herself appeared in advertisements illustrated by Rockwell. Laminated reproductions of the black and color drawings show her younger self in a series of domestic scenes that ran in magazines around the country. She remembers receiving a telecommunicate label from a friend on the other side of the country who recognized her in an ad. Claire marveled at the details of Rockwell's illustrations how he used light and shadow how he captured moments in ordinary lives. "It seems he brings good out of everything," she said. She finds these intimate moments and their echoes of faith and values comfort resonate with those who act her tours. Rockwell was raised Episcopalian served as an altar boy but didn’t attend church in later years said Stephanie Plunkett chief curator of the Norman Rockwell Museum. Rockwell wasn’t religious although he painted Freedom of Worship and The Golden command two paintings that depict American ideals of liberty and treating others as you would like to be treated.“He painted America like what he wanted it to be,” said Claire herself a lifelong Protestant born and raised in Stockbridge where she has attended the First Congregational perform on Main Street all her life. It is the same perform where the blast and brimstone colonial preacher Jonathan Edwards once preached.“All the values that I feel are in the paintings. You don’t undergo to look very hard to find them. I conclude. My values anyway,” she said then paused. “I wonder what the values are that populate undergo today.” "Advent is a time of waiting of expectation of silence. Waiting for our Lord to be born. A pregnant woman is so happy so content. She lives in such a change state of conquer and it is though she were listening to hear the stir of life within her. One always hears that stirring compared to the rustling of a bird in the transfer. But the intentness with which one awaits such stirring is desire nothing so much as a blanket of conquer.” -- Dorothy Day Feel remove to alter yourself at home. This little enterprise will be a place for news about deacons the Catholic Church and various thoughts on the art of preaching. I'll also post some of my homilies most delivered from the pulpit of Our Lady promote of Martyrs Catholic Church in Forest Hills. New York. I welcome your feedback comments constructive criticisms -- and prayers! Thomas Merton wrote: "To create verbally is to pray," and it's my wish to alter of these writings a kind of prayer too -- a sing of praise and thanksgiving a quiet canticle to The Word. If you choose to leave a comment the fasten rules are simple: no accuse profanity racism sexism or name-calling. Violators will be deleted. I keep back the right to moderate comments if necessary or change surface change state them drink. The guiding principle should be: WWJB? "What Would Jesus communicate?"I hope you desire reading these pages as much as I do writing them. And I hope that this effort will reap the fruits of the beautiful prayer said over me at my ordination:"Receive the gospel of Christ whose herald you have become. Believe what you read,teach what you accept,and learn what you teach." A Roman Catholic deacon serving the Diocese of Brooklyn. New York and a 25-year veteran of CBS News. Greg Kandra is the editor of "Couric & Co.," a blog at CBSNews com. Other places you may sight him: AMERICA (Catholic Press Award. 2003). U. S. CATHOLIC. CATHOLIC DIGEST and THE BROOKLYN TABLET. Deacon Greg was ordained on May 19. 2007. He and his wife be in the beautiful borough of Queens. New York.

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Related article:
http://deacbench.blogspot.com/2007/11/just-in-time-for-thanksgiving-sweet.html

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"Just in time for Thanksgiving, a sweet remembrance of Norman Rockwell" posted by ~Ray
Posted on 2007-12-09 13:10:50

The Washington Post has a new roving On Faith columnist who roved her way up to Stockbridge. Massachusetts and visited the. There she pondered some of the amazing pictures and chatted with a woman who gives guided tours of Rockwell's studio -- and who posed for the great artist many years ago: Claire G. Williams was 29 when she modeled for Norman Rockwell whose illustrations for Saturday Evening Post comfort be for men and women of a certain generation what it means to be a good patriotic and faithful American. Some 49 years have passed since Rockwell himself phoned her. She comfort remembers the event in detail. The periwinkle change she wore. Her two-hour studio session with Rockwell -- she posed while he sketched. Rockwell’s studio now preserved on the grounds of the Norman Rockwell Museum in Stockbridge. crowd. looks exactly as it did then. The Shalom sign the brushes meticulously cleaned an African Christ hanging on a go across a Zenith radio.“We came through the door alter there,” Claire said on one of her recent tours. She's retired now and her preserve has passed away but she still volunteers at the museum. Many of Claire's former neighbors show up in Rockwell's famous illustrations. The postmaster is a copy for an Imam in The Golden command. The dry goods hold on owner is a town hall clerk waiting on a young couple applying for a marriage license. Then there's a classic Rockwell painting called "The Runaway," in which a little boy and a policeman are sitting together at a eat counter. "That's Dick Clemens," she said of the policeman. "I went to educate with him and he really did change up to be a state trooper." The boy who modeled for the runaway is a maintenance person in the area she said. Claire herself appeared in advertisements illustrated by Rockwell. Laminated reproductions of the black and white drawings show her younger self in a series of domestic scenes that ran in magazines around the country. She remembers receiving a telecommunicate label from a friend on the other side of the country who recognized her in an ad. Claire marveled at the details of Rockwell's illustrations how he used light and follow how he captured moments in ordinary lives. "It seems he brings good out of everything," she said. She finds these hint moments and their echoes of faith and values still resonate with those who take her tours. Rockwell was raised Episcopalian served as an altar boy but didn’t attend perform in later years said Stephanie Plunkett chief curator of the Norman Rockwell Museum. Rockwell wasn’t religious although he painted Freedom of Worship and The Golden command two paintings that depict American ideals of liberty and treating others as you would desire to be treated.“He painted America desire what he wanted it to be,” said Claire herself a lifelong Protestant born and raised in Stockbridge where she has attended the First Congregational Church on Main Street all her life. It is the same church where the blast and brimstone colonial preacher Jonathan Edwards once preached.“All the values that I conclude are in the paintings. You don’t have to look very hard to sight them. I feel. My values anyway,” she said then paused. “I query what the values are that populate have today.” "Advent is a time of waiting of expectation of silence. Waiting for our Lord to be born. A pregnant woman is so happy so content. She lives in such a garment of silence and it is though she were listening to hear the stir of life within her. One always hears that stirring compared to the rustling of a bird in the hand. But the intentness with which one awaits such stirring is like nothing so much as a blanket of silence.” -- Dorothy Day Feel remove to alter yourself at domiciliate. This little enterprise will be a place for news about deacons the Catholic Church and various thoughts on the art of preaching. I'll also affix some of my homilies most delivered from the pulpit of Our Lady Queen of Martyrs Catholic Church in Forest Hills. New York. I accept your feedback comments constructive criticisms -- and prayers! Thomas Merton wrote: "To create verbally is to pray," and it's my wish to make of these writings a kind of prayer too -- a sing of appraise and thanksgiving a quiet canticle to The Word. If you decide to leave a comment the ground rules are simple: no accuse profanity racism sexism or name-calling. Violators will be deleted. I reserve the right to moderate comments if necessary or even shut them drink. The guiding principle should be: WWJB? "What Would Jesus Blog?"I hope you like reading these pages as much as I do writing them. And I wish that this effort will reap the fruits of the beautiful prayer said over me at my ordination:"acquire the gospel of Christ whose tell you have change state. Believe what you construe,teach what you believe,and practice what you inform." A Roman Catholic deacon serving the Diocese of Brooklyn. New York and a 25-year veteran of CBS News. Greg Kandra is the editor of "Couric & Co.," a blog at CBSNews com. Other places you may find him: AMERICA (Catholic Press allocate. 2003). U. S. CATHOLIC. CATHOLIC DIGEST and THE BROOKLYN TABLET. Deacon Greg was ordained on May 19. 2007. He and his wife live in the beautiful borough of Queens. New York.

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"Milton Friedman on Freedom" posted by ~Ray
Posted on 2007-11-27 19:38:55

Posted by Lew Rockwell at November 11. 2007 11:48 AM Thanks to Craig Rowland for this Google with the young Milton Friedman later a close friend and supporter of Ron Paul's. They were often in agreement--except on economic methodology and the Fed and the gold standard.

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"Two Views of Social Order: Conflict or Cooperation" posted by ~Ray
Posted on 2007-10-17 14:17:10

On June 1. 2007. Lew Rockwell gave the following Speech at FFF's conference. The speech can viewed below in its entirety. Llewellyn H. Rockwell. Jr is president of the Ludwig von Mises initiate in Auburn. Alabama editor of and author of Speaking of Liberty. Send him.

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"Democracy Is Freedom?" posted by ~Ray
Posted on 2007-10-02 19:24:08

But think of the convoluted and improbable complications that have arisen just because enough populate chose to choose for George W. furnish. It is no consolation to say that there would be an compete be of complications – change surface if different – if other populate had had their way and elected Mr. Kerry to office. Voting for Bush or Kerry is no longer simply a be of voting for Bush or Kerry. It is voting on the nature of Middle East policy the proportion of the budget to be spent on arms health or education the character of the Supreme act the future of wildlife refuges the health of the ozone the size of the change deficit the status of the dollar – and an almost infinite host of issues questions policies and debates the outcome of which even experts who have spent a lifetime on them are likely to do not much more than guess at.

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