Regarding the media frenzy about the "Ground-Zero Mosque," Ryan Long asks: if the land surrounding the World Trade Center is so sacrosanct for some Americans, why haven't they purchased it themselves?

Rothbard shows that Gresham's law was introduced not by Sir Thomas Gresham but by the "arrogant, boorish, and feisty" Sir Thomas Smith the Elder (1513–1577), a bitter critic of debasement who was exiled from the court in 1549. He fought back with a book.

What happens to the price of hotels in Rome when the Pope dies? The market experiences shock that, in macroeconomic terms, would seem to destabilize the system. Still, with careful planning, the market manages just fine.

A meeting today between MEPs, the European Commission and the rotating Belgian EU Presidency could pave the way for a deal on the creation of the three new European Supervisory Authorities (ESA) and the European Systemic Risk Board (ESRB), the FT reports. Die Presse claims that a final agreement is as good sealed.