Wednesday, December 10, 2008

Will Bob Murphy Be Able to Save Italy?

At his blog, Bob Murphy notes that his book, The Politically Incorrect Guide to Capitalism, has just been translated into Italian.

Tutte Le Balle sul Capitalismo has not arrived a day too soon. Italy desperately needs instruction from Murphy. They just did a very politically correct, but non-capitalist thing, by bailing out the parmigiano cheese industry.

WSJ reports:

In an effort to help producers of the cheese commonly grated over spaghetti, fettuccine and other pastas, the Italian government is buying 100,000 wheels of Parmigiano Reggiano and donating them to charity.

Though demand for parmigiano is strong in Italy and abroad, producers have been struggling for years to make money, putting the future of Italy's favorite cheese at risk.
The Italian translation of these two Murphy topics would be good starters for Italian government leaders:

* Why central planning has never worked and never will

* How prices operate in a free market (and why socialist schemes...always backfire)


  1. I will be in a serious quandary if the Italian government offers me cheese for books.

  2. Well, cheese would probably be stronger than the dollar, in more sense than one.

    But, hold out for vino.