by Sydney Williams
A Caveat: I am not a scholar. I do read and I do think about things, but by no means do I believe I have the last word on what a conservative might be. There are men and women who have spent their lives studying conservative thinkers from Cato to John Locke, from Edmund Burke to Eric Hoffer and Ludwig von Mises. What follows are simply my thoughts and opinions, nothing more.
When I was growing up, I recall my mother saying that her father had told her that if one is not liberal when they are young they have no heart, but if they are not conservative by the time they reach thirty they have no head. Later I had heard that sentiment attributed to Churchill. Regardless of the source, the concept makes sense. Words matter. Regardless of how I might define a conservative, the Left has done a far better job than the Right in putting their imprint in describing liberals and conservatives. Democrats and their cohorts in mainstream media use whimsy and fantasy when describing those they consider “liberal:” innocent, virtuous, youthful, energetic, free and compassionate are adjectives they employ. But there is harshness to their adjectives when conservatives are described: corrupt, impure, elderly, tired, restrained and miserly.
(This story appears in the December 16, 2013 issue of Forbes.)
“A balanced Input-Output framework…provides a more accurate and consistent picture of the U. S. economy.”
Starting in spring 2014, the Bureau of Economic Analysis will release a breakthrough new economic statistic on a quarterly basis. It’s called Gross Output, a measure of total sales volume at all stages of production. GO is almost twice the size of GDP, the standard yardstick for measuring final goods and services produced in a year.by
The AGREEI Conference 26 of November in Skopje was a big success. Thanks for all who participated and all who supported the event.
Now it is time to work on implementation of a common market between Kosovo, Macedonia, Albania and Montenegro and AGREEI is working hard to realize the establishment of a common market between all 4 southern Balkan countries and we hope that 2014 will see a major breakthrough in this direction. We hope for your support.
On the 26th of November we discussed the fundamental reasons and key factors for determining future growth of the southern Balkans. Do we have the stay the poorest region of Europe and live mainly of labor export and remittances of the diaspora and foreign aid and internationaltransfers and from mineral, petrol and scrap export?
Please see more at www.agreei.orgby
The Austrian Libertarian Movement hereby cordially invites you to our next event
“The Promise of Bitcoin: Alternative Currencies and Anonymous Markets”
Speaker: Yaël Ossowski
Location: Hayek Saal, Grünangergasse 1, 1010 Wien
Date: Monday, December 9th 2013; Time: 19 hs
The world of digital crypto-currencies is sure to upset the status quo. Rather than a centralized money system governed by relatively few players, currencies such as Bitcoin give consumers freedom and license to better control how they conduct transactions on the Internet.
It is Yael Ossowski’s core belief that the promise of Bitcoin, that being a cryptographic money based on computing algorithms, gives everyone, young people especially, a way to opt out of the current system of monopolized money by the state. Moreover, the separation of money and state allows for completely free and anonymous trade, increasing the value of potential market exchanges and removing the burden of unnecessary regulations otherwise imposed by national governments. Continue reading…by
by Prof. Richard Ebeling, Dec 2, 2013
In the United States policies are being promulgated by those with political power in Washington, D. C. that involve a massive and dangerous growth in the size and scope of government. At the core of the Obama administration’s push for implementing a comprehensive national health care system and related programs is a radical ideological belief in political paternalism and the welfare state.
In the face of the euphoria of those demanding such a huge expansion of “Big Brother” over even more of our lives, it is worthwhile reminding ourselves of the premises behind and the realities of welfare statism.
Power and Paternalism
First and foremost, the guiding idea behind political paternalism is that the individual cannot …
by Sydney Williams
In my family, December 2nd has long held special memories, good and bad. This day in 1950 marked the birth of my brother Stuart. He was born with a condition that was only diagnosed years later as Prader-Willi. He died a year ago last spring at the age of 61, having lived twice as long as doctors expected. In 1968 on this day, my father died after a horrific fight with cancer. In 1945, with the 10th Mountain Division, he had battled German mountain troops holed up on Mt. Belvedere in Italy’s Apennines and then chased them across the Po River Valley to Lake Garda where they finally surrendered. But he was unable to survive a more personal battle with one of nature’s most dreadful diseases. His cancer had begun in his lungs and then spread to his brain.by
The United Nations’ Intergovernmental Panel on Climate Change (IPCC) released a final version of their Summary for Policy Makers (SPM) of its fifth assessment report (AR5) on September 27, 2013. This new SPM reveals that the IPCC has retreated from about a dozen alarmist claims promulgated in its previous reports or by scientists who are prominently associated with the IPCC. Their SPM also contains more than a dozen misleading or untrue statements, plus about another dozen statements that mislead readers or misrepresent important aspects of the science.by
Two years ago, a few days after the victory of Cristina Fernandez de Kirchner in Argentina’s presidential election, the government decided to impose a new system of foreign exchange controls that the press called “the cepo.”
Initially started as an effort to crack down on tax evasion, it became clear later that the new measures were part of another exchange-market intervention by the central bank. In a system of flexible exchange rates, the central bank limits its activities to controlling the money supply. Therefore, the price of foreign currency acts only as an indicator of the correctness or incorrectness of its monetary policy. Under a system of foreign exchange controls, however, the central bank rations foreign currencies by, for example, selling dollars at an arbitrary below-the-market-level price to some specific privileged groups.
Iván Carrino is an economic analyst at Fundación Libertad y Progreso in Argentina. He studied management at the University of Buenos Aires and has a master’s degree in Austrian Economics from Universidad Rey Juan Carlos in Spain.by
by Dr. John E. Charalambakis, Chief Economist (November 27, 2013)
Last Saturday night the P5+1 nations (US, UK, France, Germany, Russia, and China) signed a limited agreement with Iran that paves the way for something which potentially would be very significant not only for security reasons but also for economic and financial ones. To some effect the sanctions imposed (especially the financial ones over the course of the last 18 months) have produced some fruit in the sense that the financial strains depleted reserves, contributed to high inflation, and thus formed the background for the new Iranian government and its willingness to accept an agreement that analysts just ten days ago thought was too one-sided (in favor of the west) with the danger that Iran may reject it. This temporary agreement paves the way that within next year a major treaty could be achieved that will start liberating markets forces in a crucial region which can contribute significantly in the collateral needed for credit and money creation.by