Yo-Yo Economics?

|Peter Boettke|

Steve Waldman submits: Both globally and within most nations, the patterns of consumption required to sustain existing social arrangements are inconsistent with the distribution of the fruits of production. Social and economic stability, therefore, depend upon redistribution for which there is no overt legal framework or political consensus. To square this circle, the financial and government sectors have evolved means of hiding redistribution in complex, continually improvised arrangements.

Chris Coyne

Authored by Walter Block, originally posted at Austrian Economics and Liberty blog, The Creation of Jobs If the media tell us that “the opening of XYZ mill has created 1,000 new jobs,” we give a cheer. When the ABC company closes and 500 jobs are lost, we’re sad. The politician who can provide a subsidy to save ABC is almost assured of widespread public support for his work in preserving jobs.

Econ Grapher submits:I just came across a copy of the latest Manpower employment outlook report (pdf) for China - a unique and interesting data point given the relative lack of official employment statistics.

Steven Horwitz Over at the Mises blog, it is claimed that there is "no cost of production" associated with expanding the supply of money under free banking.  Specifically:

|Peter Boettke| I realize this often leads to an unproductive debate, but I am in Indianapolis for a conference on monetary economics, and we are reading Mises's Human Action.  On p. 443, Mises makes the following argument: