Issue CCXXVII

January 1, 2010

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Art
Panel Series I: Red:
Wendy Stolyarov
January 1, 2010
This is the first in a series of panel paintings by Mrs. Stolyarov, where each panel features a woman drawn in a single color. Here, the color is red.

Panel Series I: Purple:
Wendy Stolyarov
January 1, 2010
This is the second in a series of panel paintings by Mrs. Stolyarov, where each panel features a woman drawn in a single color.
Here, the color is  purple.

Madrigal:
Wendy Stolyarov
January 1, 2010
Mrs. Stolyarov considers this painting to be an interpretation of humanity — war and peace, work and relaxation, defensiveness and disinhibition.

Lotus Maiden:
Wendy Stolyarov
January 1, 2010
A painting by Wendy Stolyarov of an oriental woman, surrounded by cherry blossoms.

Economics
Gold and Guns:
Douglas French
January 1, 2010
Douglas French describes a fascinating contrast in behaviors that has emerged of late due to the federal government's manupulations of the money supply: while high-time-preference folks like Shannan DeCesare shout "Merry Christmas to me" after unloading some gold jewelry for $610 at a gold party, low-time-preference types are lining up in pawnshops and gun shows to buy gold, silver, lead, and guns.

America's Crazed Corn Habit:

Justin Rohrlich
January 1, 2010
According to a recent Congressional Budget Office report, the increased use of ethanol is responsible for a rise in food prices of approximately 10 to 15 percent. Why? We're turning corn into fuel — a highly inefficient one, at that — instead of food. Justin Rohrlich explores how this bizarre situation, widely opposed from a variety of perspectives, came about.

History
Reliving the Crash of 1929 (1979):
Murray N. Rothbard
January 1, 2010
In 1929, America — and then the world — was rocked by a mighty stock-market crash that soon turned into the steepest and longest-lasting depression of all time. It was not only the sharpness and depth of the depression that stunned the world and changed the face of modern history: it was the length, the chronic economic morass persisting throughout the 1930s, that caused intellectuals and the general public to despair of the market economy and the capitalist system. In this essay, written for the 50th anniversary of the crash of 1929, Murray Rothbard analyzes what contributed to the crash and to the persistence of its effects, providing numerous important lessons for our time.

Philosophy
This Way Toward Equality (1979):
F. A. Harper
January 1, 2010
Another enticing sign along the road toward serfdom is "equality." It is one of the most appealing enticements of all, and therefore holds great danger to liberty and freedom. Analysis of this question is most difficult to accomplish with brevity, yet its importance justifies the attempt, which F. A. Harper made in this short essay, first published in 1979.

Politics
Statement Introducing the Free Competition in Currency Act:
Ron Paul
January 1, 2010
This speech was presented by Rep. Ron Paul before the US House of Representatives, on December 9, 2009. Rep. Paul argues that allowing for competing currencies will allow market participants to choose a currency that suits their needs, rather than the needs of the government. The prospect of American citizens turning away from the dollar towards alternate currencies will provide the necessary impetus to the US government to regain control of the dollar and halt its downward spiral. Restoring soundness to the dollar will remove the government's ability and incentive to inflate the currency, and keep us from launching unconstitutional wars that burden our economy to excess.

Obama's Grab-Bag Socialism:
Edward Hudgins
January 1, 2010
Dr. Edward Hudgins can understand why President Barack Obama and the Democratic Congress do not want to call their attempts to socialize America’s economy “socialism.” Government efforts to control economies in the past have been disasters. Still, this administration is using a grab-bag approach in its attempt to take control. But it will face the same insurmountable problems as did socialisms of the past, and the American people will suffer. Dr. Hudgins considers the three brands of socialism from the past century.
                                                                                      
"The first thing a genius needs is to breathe free air." 
~ Ludwig von Mises