11/23/2104 Coal ash wreaks havoc on environment in Hunan The coal company claims its practices were within regulatory guidelines. This shows the weakness of China's environmental rules. If China cared as much about the environment as it does about dissent, China's land, air and water would be squeaky clean.
Darryl Robert Schoon describes the collapse of the current economic paradigm. The paradigm called capitalism will end in a cataclysmic wave of rising prices and social disorder. It will also usher in a far better age.
DRSCHOON.COM features the articles of Professor A. E. Fekete of the New Austrian School of Economics, a leading expert on gold and its role in financial markets and the economy.
The Wisdom of Adam Smith for Our Own Times
- A Rejoinder -
Let us celebrate the 291st birthday of the great Scottish economist together and let us rehabilitate his Real Bills Doctrine!
Richard Ebeling in the June 3rd issue of the Daily Bell under the same title contributed a much needed reminder of the relevance of Adam Smith's wisdom to our contemporary world. I am not going to speculate whether the omission of not mentioning Adam Smith's Real Bills Doctrine was accidental or deliberate. However, it is well known that post-Mises Austrian economists have taken a disdainful view of the Real Bills Doctrine and it would have been nice to have Ebeling's coherent articulation of their position. I can do no better than revisiting Adam Smith's great contribution to the theory of money and credit (which, significantly, received the nihil obstat of Carl Menger a hundred years later) for the benefit of the Daily Bell's readership. full article...