Clik here to view.
Basic Budget and Appropriations Reform
Congress has only completed the full budget and appropriations process on deadline four times since 1977. It becomes more challenging in an election year when many members want to avoid politically...
View ArticleClik here to view.
Financial Planning Requires a “Concrete” Unit of Accounting
Financial Planning Requires a “Concrete” Unit of Accounting If you want to see a financial system that promotes savings and investments, a society needs a “concrete” Unit of Accounting. Economists have...
View ArticleClik here to view.
The Unit of Accounting
On October [tk] 1968, Mark Bickhard and I met in New York city at a “convention” Murray Rothbard had summoned to found his Radical Libertarian Alliance. Karl Hess was there, who left early to lead some...
View ArticleClik here to view.
Is “inflation” the Only Answer to Exploding National Debt?
I wonder if those wild claims of people who sell bonds and gold coins can actually be true? I have my doubts, which I wrote about in 1985, published in Reason magazine.{tk] My claim is that it is not...
View ArticleClik here to view.
What is the Quantity of Money?
We understand the Quantity of Money as a “quantity” (trillion dollars, lump sum) but it is not quite the same kind of thing as a trillion “gallons.” First, to get such a “quantity of money” it is...
View ArticleClik here to view.
Milton Friedman Portrayed
Preface Leo Rosten, Milton, and Rose Friedman, started a lifelong friendship while attending the University of Chicago in 1934. “Our long friendship with Leo, now deceased, was one of the great joys...
View ArticleTransferable Blockchain “coins”
Today individuals who buy or sell bitcoin can do it directly with someone else who completes the transaction for both sides, usually outside the Blockchain. This would be a “wallet” agent of some kind,...
View ArticleBenedict Spinoza
I once heard Albert Einstein replied to a question about his religion by saying he believed “in Spinoza’s God.” I love that citation, even if apocryphal, because it conforms with my views. (I am like a...
View ArticleF.A.Hayek’s Final Lecture
On the evolution of Morality: View link: Hayek lecture, video 50 min. He explores top-down (constructionist) moral ideas vs. bottom-up selection of what has contributed to success. Any bottom-up...
View ArticleFriedman: Real and Pseudo Gold Standards
I have republished this old article by Friedman, presented to the Mt.Pelerin Society and published originally in The Journal of Law and Economics (UChicago) because an older copy has a broken link....
View Article
