Death of M3: The Fifth Anniversary - Jire Sekar - Mises Daily

Death of M3: The Fifth Anniversary - Jire Sekar - Mises Daily: "M3 was probably the most important statistic produced by the Fed and the best leading indicator of economic activity and inflation. The Fed's lack of interest in the components of M3 can be directly linked to its inability to foresee the 2008 collapse of the financial system."

Folding the Fed | Richard W. Rahn | Cato Institute: Commentary

Folding the Fed | Richard W. Rahn | Cato Institute: Commentary: "The Fed is in an impossible situation. It has been given multiple targets — i.e., a constant-value dollar, bank stability, consumer protection and full employment — plus being required to outguess the market. At times, these targets are in conflict with each other, and the people at the Fed cannot see the future with greater clarity than anyone else."

"If you are skeptical about abolishing the Fed, just consider the following question: Would those who voted for the Fed in 1913 have done so if they had known that:

1. After having a 125-year period of relatively stable money when the dollar was still close to its value in 1790, the dollar would be worth less than 5 cents at the end of the century?

2. The longest and severest depression the country had ever experienced would occur a mere 20 years after the creation of the Fed and that the Fed had a major responsibility for the disaster?

3. And the number of bank failures would increase and not decrease?"

Tuesday's Pearl Harbor Anniversary Spurs Reflection | Stanley Kober | Cato Institute: Commentary

Tuesday's Pearl Harbor Anniversary Spurs Reflection | Stanley Kober | Cato Institute: Commentary: "The transformation of countries from enemies to allies may be attributed to changes in national interest, but there is something else at work, and that is change at the level of the people themselves.

There are two basic approaches to preventing war. One is based on arrangements of power, on creating alliances or collective security systems that deter war through their military strength. The other is affecting the attitudes of people so they no longer perceive one another as enemies."

"Unlike the situation during the Cold War, the Chinese send more students here than any other country. This surge in Chinese students is not only a tremendous compliment to the quality of American higher education; it is also a political signal. By expressing a willingness to learn from others, they are demonstrating a willingness to change. Whatever the tensions that exist now, especially concerning human rights, the growing number of Chinese students here is a reassuring sign of hope for the future."

The impact of grief on the outside observer | Wide White

The impact of grief on the outside observer | Wide White: "But I'm thankful that there are parents who choose to tell their stories [about grief]. People like me need it. We need the perspective it gives us towards our own children, towards our parents, towards our siblings. We need it as a reminder the next time we start to lose it with our 10-month-old's fussing or our spouse's (or our own?) seemingly incredible stupidity. We need it when we're tempted to run out the door for work in the morning rather than lean in for a goodbye kiss.

Grief is hard, but we need to see it because it helps make us better at the relationships we have. We need to see it because we will experience it. We need to see it so we can walk alongside those going through it and weep with them."