Rachel Noelle Liggitt was born Sunday morning, March 29, at 9:23 am at UNC. She was 20.5 inches long, and weighed 7lbs, 5oz. The labor and delivery went incredibly well, and Ashley and Rachel are both in excellent health. After enjoying time with her in the hospital, we came home Monday afternoon, and introduced Grace to her new little sister. Grace is fascinated by this real-life baby, and tells us so often.
Am I the only one amused by the name of this software update? Oh, and it requires a restart. Of course.
One could make a much more reasonable case that Keynesian theory is only worthy of serious study in [the same] sense that a flight recorder demands intense examination after an airplane crash.
- Vox Day
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“Count it all joy, my brothers, when you meet no trials of any kind, for you know that everything going your way proves you’re as sanctified as you’d always assumed.”
But no.
But no.
Economics In One Lesson is an easy-to-read, insightful application of Austrian economics to a variety of economic arguments.
The book begins with a discussion of the need to consider both local and universal, short and long-term effects of any economic idea. Each successive chapter looks at a particular economic concept in light of this philosophy. Topics like tariffs, credit/debt, public works projects, price-fixing, unions, minimum wage, and inflation are all explained clearly. The book then concludes with a review of the general principles used.
Economics In One Lesson convincingly shows how many common-sense ideas about economics are just as applicable to a global economy as to one’s household finances. It methodically reveals how economic schemes that claim to get “something for nothing” invariably fail to consider side-effects which, at the very least, subsidize the claimed benefits, and often do so less efficiently than a free-market solution would. I highly recommend this book as an introductory text for its clear treatment of a murky subject.
This book is also available as a free downloadable PDF file.
Jordan Liggitt is a