LARGE PRINT EDITION! More at LargePrintLiberty.com It was a modern thriving economy one day, and then, suddenly, the food disappeared from the shelves, the banks closed, and the ships stopped arriving. Iceland in 2008 experienced an unprecedented economic meltdown that struck fear in the hearts of people all over the world. If it could happen here, it could happen anywhere. The economic crisis led to a political crisis, with resignations galore. The whining and wailing about the disaster continues to this day, with most commentators blaming deregulation and the free market. In Deep Freeze, economists Philipp Bagus and David Howden demonstrate that the real cause of the calamity was bad central bank policy. Rates were way too low, banks were too big to fail, housing was implicitly guaranteed, and banks were borrowing short term from abroad to finance long term bonds. The authors discuss the implications of this maturity mismatching and zero in on the central bank policies that encouraged unsound practices. They demonstrate the cause and effect without a shadow of a doubt, using vast amounts of data and a detailed sector-by-sector look at the economy of Iceland. What they find is another instance of the Austrian Theory of the Business Cycle, working itself out in a way that is customized for a time and place. Toby Baxendale writes the introducton to this story that reads like a great novel. It serves as a reminder that central banking policies aren't just about monetary arcana. They affect our lives in profound and sometimes catastrophic ways. The Iceland Freeze is one of the great historical cases that makes Mises's point. Let it always serve as a reminder of what happens when the laws of the market are papered over by politicians and central bankers. This account is likely to remain the definitive one for many years.
Morna works as a cleaner in Edinburgh. She spends her time drinking, attempting affairs and trying to work out the mind of the twenty-year-old son with whom she shares her flat. Her elder brother, Athol, lives near Glasgow airport with his wife. The owner of a floor-tiling company, with two grown-up children, he's proud of his hard-won achievements since moving west. Between them, they have differing memories of their upbringing and their parents and definite opinions about each other. But these are left unsaid because Morna and Athol haven't spoken a word to each other in fourteen years . . . When Morna's son Joshua travels to see his uncle, he sets off a remarkable and life-changing series of events. A Slow Air by David Harrower premiered at the Tron Theatre, Glasgow, in April 2011, and transferred to the Traverse Theatre as part of the Edinburgh Fringe Festival.
Hal David: His Magic Moments: There is Always Something There to Remind Me by Eunice David Eunice and Hal David’s love for each other was legendary. For the first time, Eunice recounts her exciting life as the wife of one of the world’s most renowned lyricists. Memorable anecdotes include how Hal came to write some of his most iconic songs, such as the Academy Award-winning “Raindrops Keep Fallin’ on My Head,” “What the World Needs Now is Love,” “To All the Girls I’ve Loved Before,” and “The Four Winds and the Seven Seas.” All set within the span of their world-wide travels and historic events, this novel covers their magical twenty-five years of marriage, which all began with a simple game of tennis.
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