Table of Contents
Foreword by Judge Andrew P. Napolitano
Part I. Politics and the State
1. Its Who You Know
2. Whats the Point of Demonstrating?
3. Partisan PoliticsA Fools Game for the Masses
4. Democracys Most Critical Defect
5. Nothing Outside the State
6. Consent of the Governed?
7. Why This Gigantic Intelligence Apparatus? Follow the Money
8. Can the Dead (Capitalism) Be Brought Back to Life?
9. The Welfare State Neutralizes Potential Opponents by Making Them Dependent on Government Benefits
10. The Systematic Organization of Hatreds
11. All Men Are Brothers, but All Too Often They Do Not Act Accordingly
12. Once More, with Feeling: Our System Is Not Socialism, but Participatory Fascism
13. Love, Liberty, and the State
15. Political Problems Have Only One Real Solution
16. The Power of the State versus the Power of Love
17. State Power and How It Might Be Undermined
18. All Government Policies Succeed in the Long Run
19. Crisis of Political Authority? I Wish!
Part II. On Doing Analysis in Political Economy
20. Ten Rules for Understanding Economic Development
21. Underappreciated Aspects of the Ratchet Effect
22. Diagnostics and Therapeutics in Political Economy
23. Can the Rampaging Leviathan Be Stopped or Slowed?
24. Higgs Is Just a Pessimist
25. My Question for the Doomsters: Then What?
26. Defense Spending Is Much Greater than You Think
27. Which End, if Any, Is Near?
28. Communisms Persistent Pull
29. The Dangers of Samuelsons Economic Method
30. Dont Accuse Me of Blaming America When I Blame the Government
31. Extreme Aggregation Misleads Macroeconomists and the Fed
32. Why Do So Many People Automatically and Angrily Condemn Historical Revisionism?
33. Where Should the Burden of Proof Rest?
34. Politics and Markets: A Highly Misleading Analogy
35. Social Science 101: Three Ways to Relate to Other People
36. Ten Fallacious Conclusions in the Dominant Ideologys Political Economy
37. Regime Uncertainty: Some Clarifications
38. Not Every Intellectual Gunman Is a Hired Gun
39. Truth and Freedom in Economic Analysis and Economic Policy Making
40. Austrian Economicsthe Queen of the Experimental Sciences
41. Not All Countries Are Analytically Equal
42. Creative DestructionThe Best Game in Town
43. Thinking Is Research, Too!
Part III: Money, Debt, Interest Rates, and Prices
44. Macroeconomic Booms and Busts: Déjà vu Once Again
45. The Continuing Puzzle of the Hyperinflation that Hasnt Occurred
46. Money versus Monetary Base: A Basic Yet Critical Distinction
47. The Euthanasia of the Saver
48. The Feds Immiseration of People Who Live on Interest Earnings
49. Extraordinary Demand to Hold Cashthe Mystery Persists
50. More Monetary Peculiarities of the Past Five Years
51. A Bogus Example of Controlling Inflation with Price Controls
52. Monetary Policy and Heightened Price Volatility in Raw Materials Markets
Part IV: Investment and Regime Uncertainty
53. Regime Uncertainty: Are Interest-Rate Movements Consistent with the Hypothesis?
54. Do the Post-Panic Changes in Corporate Bond Yield Curves Indicate Regime Uncertainty
55. The Great Divergence: Private Investment and Government Power in the Present Crisis
56. Private Business Net Investment Remains in a Deep Ditch
57. The Confidence Fairy versus the Animal SpiritsNot Really a Fair Fight
58. Important New Evidence on Regime Uncertainty
59. The Sluggish Recovery of Real Net Domestic Private Business Investment
60. Government Spending and Regime UncertaintyA Clarification
Part V: Boom, Bust, and Macroeconomic Policy
61. World War II: Still Being Touted as the Quintessential Keynesian Miracle
62. One More Time: Consumption Spending Has Already Recovered
63. U.S. Economic Recovery Remains Anemic, at Best
64. Likely Fiscal and Monetary Legacies of the Current Crisis
65. Counsel of Despair?
66. Unprecedented Household Deleveraging since 2007
67. An Overview of Recent Changes in Federal Finances
Part VI: Labor Markets
68. Will the Real Rate of Unemployment Please Stand Up?
69. Short-term Employment Changes in Longer-term Perspective
70. Cessation of Labor Force Growth since 2008
71. Labor Markets Are Still in Bad Shape
Part VII: Libertarianism
72. Are Questions of War and Peace Merely One Issue among Many for Libertarians?
73. Freedom: Because It Works or Because Its Right?
74. The Salmon Trap: An Analogy for Peoples Entrapment by the State
75. Libertarian Wishful Thinking
76. There Were Giants in the Earth in Those DaysGenesis 6:4
77. The Rodney Dangerfields of the Ideological Universe
78. Classical Liberalisms Impossible Dream
79. Why the Precationary Principle Counsels Us to Renounce Statism
80. Modern Communications TechnologySavior or Soma?
81. On My Libertarian Catholicity
Part VIII: Remembrances of Parents, Teachers, Colleagues, and Comrades
82. William Jess Higgs (March 21, 1909 October 15, 1977)
83. Work in Progress: A Boy and His Mom
84. Murray N. Rothbard: In Memoriam
85. J�rg Niehans (November 8, 1919 April 23, 2007)
86. Ronald Max Hartwell (19212009)
87. Manuel F. Ayau (19252010)
88. Joseph Sobran (19462010)
89. Morris David Morris (February 10, 1921 March 12, 2011)
90. Siobhan Reynolds (19612011), a True American Heroine
91. Anna Jacobson Schwartz (November 11, 1915 June 21, 2012)
92. Thomas S. Szasz (19202012)
93. James M. Buchanan (October 3, 1919 January 9, 2013)
94. Armen A. Alchian (April 12, 1914 February 19, 2013)
95. Robert William Fogel (July 1, 1926 June 11, 2013)
96. Donald S. Barnhart (July 18, 1925 September 8, 2009)
Part IX: Just for Fun
97. Mainstream Economists Will Have a Blast at This Years Halloween Parties
98. American PieAltered to Lament My Life and Times as an Economist
99. A Vulgar Keynesian Visits My Chamber
About the Author