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New Issue of Studies in Emergent Order

|Peter Boettke| The new issue of Studies in Emergent Order is out, and contains a symposium on Richard Wagner's Mind, Society and Human Action. My contribution to the symposium can be found here. (original story)

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IMF’s Lagarde Sounds Alarm Over Europe

The International Monetary Fund is elevating its warnings about the risk of a global economic meltdown triggered by the euro-zone debt crisis. In a speech today in Berlin, IMF managing director Christine Lagarde says the world could see a repeat of the Great Depression if Europe doesn’t take s... (original story)

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Secondary Sources: Oil Demand, U.S. Oil Imports, Obama Policy

A roundup of economic news from around the Web. –Oil Demand: Ed Yardeni notes slowing demand for oil. “If it weren’t for all the saber rattling, the price of oil would probably be falling. Oil Market Intelligence just released the latest data for global oil demand through December. It ... (original story)

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I Was Attacked at Game Night

Dear Friend or Foe, For the past three years, I was part of a gaming group that met every Friday night at the home of “Theresa" and her significant other, “Ken.” During a gathering two months ago, at around 11 p.m., Ken and I got into an argument over a card game. He became verbally abusive, ... (original story)

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IMF Warns EU Debt Crisis Could Hit U.S. Banks, Cause Funding Strains

The U.S. economy is susceptible to a range of shocks from the euro-zone crisis, including attacks on the financial sector, the International Monetary Fund warned Tuesday in its Global Financial Stability Report. While the U.S. Treasury Department has outlined trade exposure as a major risk, it has d... (original story)

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Vital Signs: Rising Rents

The cost of renting a home in the U.S is climbing. Rents for primary residences rose 2.5% year-over-year in December, according to the government’s consumer-price index. The pace of the increase in rents has picked up since the summer. Unemployment and tight lending standards have dissuaded some p... (original story)

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Truth in Darkness

In a severe, unsentimental passage about nature, Wallace Stevens wrote, “It was only a glass because he looked in it. It was nothing he could be told.” Moreover, “It was a language he spoke because he must, yet did not know./ It was a page he had found in the handbook of heartbreak.” ... (original story)

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OECD Urges Tax Changes to Boost Growth, Reduce Inequality

Governments should eliminate tax relief on mortgage interest payments and pension contributions, and tax capital gains from the sale of residential property in order to boost growth and reduce inequality, the Organization for Economic Cooperation and Development said Monday. In a chapter from its an... (original story)

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State Bank Regulators More Lenient Than Federal Counterparts

State banking regulators are far more lenient supervisors than their federal counterparts, with federal examiners about twice as likely to downgrade a commercial bank’s supervisory rating, according to a new study. Getty Images The inconsistent application of existing banking regulation has ... (original story)

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Two optimistic views of the U.S. economy

Joel Kotkin: "This Is America's Moment, If Washington Doesn't Blow It". A very big if, of course. But resources, manufacturing, the information economy, and demographics could all be quite favorable. Brian Stoffel, summarizing a recent report from the Boston Consulting Group: "Here's Why... (original story)

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