As of this writing, the Dow is up slightly from the “plunge” of the last few days. This writer’s opinion is that this is a result of the short sellers locking in their profits by buying back what they sold off over the last couple of days. It could also be that the speculators are counting on some action by the Federal Reserve to pump more worthless cash into the system to stimulate the bubble and raise prices artificially.
Who really knows? Current “buzz” this morning is that Bernanke has (personally) destroyed the (artificial) housing recovery, just as if nobody else had anything to do with the situation. Personally? No. But he certainly didn’t do anything to prevent the current bubble, and by permitting and participating in egregious misuse of the world’s most important central bank has laid the groundwork for ultimate disaster.
Nevertheless, here’s what we’re doing to try and reverse this trend:
• Mesa Verde publishing has announced its release of The Encyclopedia of Politics in the American West. This impressive two-volume compendium (Hardcover Price: $325.00, ISBN: 978-1-6087-1909-9) features a number of articles from CESJ’s Director of Research.
• Work proceeds on a number of CESJ publishing projects, such as some public domain works by Fulton Sheen and the revision of Capital Homesteading for Every Citizen, embodying the latest research by CESJ into monetary and credit theory, as well as an expanded proposal for universal capital ownership.
• CESJ has submitted a paper to the Pontifical Catholic University of Argentina, describing the Just Third Way and its compatibility with the principles of natural law underpinning Catholic social teaching. The paper can be downloaded by clicking on the link on the right sidebar of this blog under “CESJ Occasional Papers.”
• Also under “CESJ Occasional Papers” is the response to certain critics of CESJ. While lengthy, the response covers the issues raised in greater depth than is, perhaps, warranted by the critics’ comments, but which objective readers might find useful. Most of the issues are covered in greater depth in the current edition of Capital Homesteading for Every Citizen, as well as in Curing World Poverty (1994) and other writings, including this blog.
• As of this morning, we have had visitors from 56 different countries and 45 states and provinces in the United States and Canada to this blog over the past two months. Most visitors are from the United States, the United Kingdom, Maldives, Canada, and Australia. The most popular postings this past week were “Thomas Hobbes on Private Property,” “Aristotle on Private Property,” “Private Sector Money, I: Antebellum Bucks,” “Why Did Nixon Take the Dollar Off the Gold Standard?” and “Binary Banking Theory, V: Fractional Reserve Banking.”
Those are the happenings for this week, at least that we know about. If you have an accomplishment that you think should be listed, send us a note about it at mgreaney [at] cesj [dot] org, and we’ll see that it gets into the next “issue.” If you have a short (250-400 word) comment on a specific posting, please enter your comments in the blog — do not send them to us to post for you. All comments are moderated anyway, so we’ll see it before it goes up.