Friday Roundup, January 3rd

The January Liberty Forum seeks to recover perhaps a forgotten connection between the Bill of Rights and the structural limitations on power in the Constitution. Patrick Garry leads off with an essay that answers the question: What should be the focus of the Bill of Rights? Responses to follow from Ed Erler, Michael Ramsey, and Ken Bowling. Our Books section this week features Alex Pollock's review of Greenspan's The Map and the Territory. The current Liberty Law Talk is with 2013 Bradley Prize recipient Yuval Levin on his new book, The Great Debate: Edmund Burke, Thomas Paine, and the Birth of Right…

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Friday Roundup, December 13th

In our Books section this week Vern McKinley reviews The Alchemists: Three Central Bankers and a World on Fire: Irwin’s book starts out as a history of central banking as he chronicles a litany of central bank failures, which can be summarized as ‘stories about how central bankers completely tanked their nation’s economy.’ He in sequence recounts the story of the first central bank in Sweden, Stockholms Banco, the predecessor to today’s Sveriges Riksbank. It was led by one Johan Palmstruch, who Irwin refers to as “history’s first central banker” whose “actions as a man with the power to print money…

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Can We Finally Retire Scientific Superstition?

What an absolutely astounding admission former Fed boss Alan Greenspan makes about his new book The Map and The Territory: “Not a single major forecaster of note or institution caught it [the 2008 crash]. The Federal Reserve has got the most elaborate econometric model, which incorporates all the newfangled models of how the world works—and it missed it completely. I was actually flabbergasted. It upended my view of how the world worked.”

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