An anonymous blogger thinks they found a contradiction: I noticed a contradiction: the Austrian School advocates against price fixing and economic planning, and the Austrian School advocates a gold standard, which can be seen as a way of fixing the
Archive for December, 2011
When discussing the process of the market, Austrian economists often emphasize the importance of entrepreneurship and why it aids in the allocation of scarce resources.Â In Man, Economy, and State, Murray Rothbard wrote this in regard to entrepreneurs: The essence
Watch this fascinating video. 3D Printers have already been created and there exist online communities devoted to expanding and growing the technology. The decentralized nature of it all seems like it might notÂ be something the state could easilyÂ get its hands
The Economist is out with a new piece highlighting a few schools of economic thought that are putting pressure on what has been considered the conventional view among the profession over the past few decades.Â Entitled, “Heterodox Economics: Marginal Revolutionaries,’
Often the only two Austrian-minded investors with a clue, both Rogers and Faber see the same things coming in 2012: more government spending, more debt accumulation, another economic downturn, and, of course, more money printing. [youtube_sc url=http://www.youtube.com/watch?v=rj8iisalRq8] Examiner.com: Australia Financial
Noam Chomsky is perhaps the United Statesâ€™ best-known anarchist. Thereâ€™s a certain irony to this, however; for just as St. Augustine once prayed, â€œGrant me chastity and continence, but not yet,â€ Chomskyâ€™s aim is in effect anarchy, but not yet.
Alasdair Macleod blogging at The Cobden Centre and GoldMoney.com has two great pieces on the coming Hyperbolic price of Gold. Are we entering the endgame of global fiat currency? Gold price set for hyperbolic increase By Alasdair Macleod, on 26
More than three years have passed since the financial crisis hit the United States like a speeding semi-trailer hits a Mini Cooper. Economic growth remains depressed while the unemployment rate stays elevated above 8% despite massive government spending and monetary
A small piece of something beautiful. [youtube_sc url=http://www.youtube.com/watch?v=_JLvzHo3fbk] Mark enjoys studying history, libertarianism, and spending time outdoors. He would love to be able to travel and spend time with good people. He welcomes all comments, criticisms, and questions.
Much to the joy of wealth redistribution types, it turns out that the real life individual who inspired Charles Dickens’ famous character Ebenezer Scrooge was actually related to renowned free market economist Adam Smith.Â From The Scotsman (ht Alex Tabarrok):
Republished from lewrockwell.com Americans [and Canadians. ed.] are living in a world of central bank profligacy. This has been true ever since 1914, when the Federal Reserve System opened for business. But the most recent bank-created economic crisis, which began