Consumer Sovereignty
OK kids, I have a bunch of Mises.org potential articles in that nether region between my cerebrum and the Institute’s server. I will eventually do all of these topics, but I’m not sure which order. Any preferences?
* The claim that our financial system requires the creation of ever more money so that people can pay the principal plus interest on their prior loans.
* Whether a discovery of gold can cause a boom-bust cycle if the gold miners dump most of it on the credit market.
* Antal Fekete’s critique of the Austrian School’s conventional take on gold.
* How Krugman’s response to the ECB’s list of cases of successful austerity programs paints him into a corner so small that we have to worry about quantum effects. (Yes, I am just that much of a geek. I would write a Mises.org on the Star Trek:TNG episode where Commander LaForge accidentally creates Dr. Moriarity in the Holodeck, if I thought Jeff Tucker were asleep at the wheel.)
* What should we look forward to? Deflation? Inflation? Libations?
* Surely this is wrong. But does anyone want me to roll up my sleeves and figure out exactly why it’s wrong?
* Should I revisit the Social Security issue, if for no other reason than to blow up a Keynesian who isn’t Krugman or DeLong?
My vote goes to the relationship between gold discovery and the business cycle, because talking ATBC just tickles my fancy.
But DeLong’s need-defecits-now garbage would also be fun.
* Whether a discovery of gold can cause a boom-bust cycle if the gold miners dump most of it on the credit market.
definitely.
I would vote for an article discussing DeLong’s view of the need for government debt now. Then, I would be interested to hear your view of Fekete since I find some of his arguments quite fascinating, though I often have a hard time getting my mind wrapped entirely around them.
I think you need to respond to DeLong’s “We Need Bigger Deficits Now.” Scary stuff…Here is my recommendation for your conclusion. Without his knowledge, place him in that lighted cube with Moriarity. Imagine the prosperity he could create in that world.
Revisit the Social Security issue. The reason being, I’ll have no future and have to work until I’m 95 if I have to pay for the baby boomers not to work.
* What should we look forward to? Deflation? Inflation? Libations?
Yes, Yes, and more Yes
I would just note that I actually did post an article to Mises that referred to the Professor Moriarty hologram:
http://blog.mises.org/11182/does-money-created-by-the-fed-exist-outside-the-holodeck/
That’s great I hadn’t caught that at the time. But oh my gosh I think my IQ dropped a few points after reading that excerpt you gave of the NRO column.
I’ve gotten close to fully resolving the mother lode issue in my brain, but would enjoy it being brought home.
DeLong’s “We Need Bigger Deficits Now”. Please Please Please!