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Check out John O’Donnell on Mises Weekends

Sunday, March 1st, 2015 by posted in Banking, Capitalism, Economics.
MisesWeekends_Logo_ODonnell_20150219

Make sure you check out investor John O’Donnell discuss applied Austrian economics and his history with Murray Rothbard on the latest Mises Weekends podcast show. You can listen here.

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Fed Independence is a Joke, So Why Not Audit?

Thursday, February 26th, 2015 by posted in Banking, Capitalism, Economics.
Inside The International Monetary Fund's Rethinking Macro Policy Conference

Reprinted from FreedomWorks A whistleblower-hating president, a bureaucrat who illegally targeted conservatives, and the former national intelligence director who lied before Congress walk into a bar. The bartender says: what can I get “the most transparent administration in history”? If

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The Myth of Black Swan Market Events

Thursday, February 26th, 2015 by posted in Banking, Capitalism, Economics.
Black Swan_teaser

Reprinted from the New York Times Dealbook As André Gide, the French Nobel laureate in literature, once said, “Everything that needs to be said has already been said. But since no one was listening, everything must be said again.” Indeed,

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The Enduring Rothschild Myth

Tuesday, February 24th, 2015 by posted in Banking, Capitalism, Economics.
Rothschild_Schloss_t

In the world of international financial conspiracy no family name is more vilified than that of Rothschild. The name is central to countless conspiracies and today the family is assumed by certain groups to be in control of many of

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Scott Sumner and the Lead Up to the Great Recession

Wednesday, February 18th, 2015 by posted in Banking, Economics, History.
Obama Economy

Scott Sumner poses a question, and his answer over at Econlog: 1. What would it look like if it looked as though interest rates fell for some reason other than the Fed cutting interest rates with an expansionary monetary policy?  

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A Way Forward for Greece

Monday, February 16th, 2015 by posted in Banking, Capitalism, Economics.
greece_banks_teaser

The current Greek crisis is exposing the elephant in the room – a worldwide problem getting progressively worse by the day. It’s a problem that has plagued developed economies for the last two centuries. A problem currently metastasized into a full-blown cancer

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What Economic Elites Don’t Want You to Know about Crashes

Thursday, February 12th, 2015 by posted in Banking, Capitalism, Economics.
Brooklyn-Bridge-New-York-1905-1920_t

Reprinted from the Freeman James Grant. The Forgotten Depression: 1921: The Crash That Cured Itself. Simon & Schuster, 2014. 273 pages. The Great Recession drags on everywhere except for Wall Street, Washington, DC, and Ben Bernanke’s consciousness. “By stabilizing the

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Let There Be Money

Thursday, February 5th, 2015 by posted in Banking, Capitalism, Economics.
bitcoin pile teaser

Reprinted from The Freeman For more than a century, skeptics of government power have rightly focused on the damage caused by interventions in money. As the market’s classic commodity moneys have been displaced by unbacked State-issued paper, libertarians — particularly

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Bitcoin: Currency Canary in the Coal Mine?

Tuesday, February 3rd, 2015 by posted in Banking, Capitalism, Economics.
bitcoin dollars teaser

Reprinted from Casey Research “Without Drugs, What’s the Point of Bitcoin?” wonders the Atlantic. I answer author of the piece, Matt Schiavenza, with two words: central banks. It’s no coincidence “Satoshi Nakamoto” created Bitcoin in 2009 as the financial world

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Carl Menger: Pioneer of “Empirical Theory” Part 2

Thursday, January 29th, 2015 by posted in Banking, Capitalism, Economics, History.
Elephants-and-Figures-in-a-Courtyard-Fort-Agra

[This article is excerpted from chapter 4 of Mises: The Last Knight of Liberalism. Reprinted from Mises.org] The Austrian School and the Gossen School With just two books, Menger had put economic and social thought on completely new foundations. Principlespioneered

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Carl Menger: Pioneer of “Empirical Theory” Part 1

Wednesday, January 28th, 2015 by posted in Banking, Capitalism, Economics, History.
st-johns-market

[This article is excerpted from chapter 4 of Mises: The Last Knight of Liberalism. Reprinted from Mises.org] Introduction The problems and ideas that moved Ludwig von Mises in his early years were addressed by the work of four great economic

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A Graphical Introduction to the Austrian Business Cycle Theory

Tuesday, January 27th, 2015 by posted in Banking, Capitalism, Economics, Regulation, Uncategorized.
Bear_Stearns_in_CanaryWharf_London

A Graphical Introduction to the Austrian Business Cycle Theory By: Gaurav Mehra Twitter: @GMehra_ Email: gmehra@alumni.uwo.ca   For a pdf version of this article: Intro to ABCT – Final   Business cycles, simply put, are the fluctuations of economic growth

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Financial Myth Busting: The Bubble Economy

Monday, January 26th, 2015 by posted in Banking, Economics, Politics.
dawnbennett

This weekend, I had the pleasure to be a guest on the radio program Financial Myth Busting with Dawn J. Bennett. We discussed the inability or unwillingness of politicians and economists alike to learn from past mistakes, and the consequences

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My letter to the NY Times re: Not really a favorable market reaction

Saturday, January 24th, 2015 by posted in Banking, Economics.

Re: Stimulus for Eurozone, but it may be too little or too late Dear Sirs: Your analysis of the likely effect of the European Central Bank’s proposed massive quantitative easing program is full of economic fallacies that, unfortunately, masquerade as

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PhD-Standard Monetary Crack Up

Saturday, January 24th, 2015 by posted in Banking, Economics, History.

The hills are alive with the panic of central bankers. First there was the fallout from the Swiss National Bank’s decision to unshackle the Franc from the Euro. Then, how much Q Mario Draghi put with his E. It turns

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Get ready for negative interest rates in the US

Saturday, January 24th, 2015 by posted in Banking, Economics.

Re: Dollar rise puts Fed under pressure I predict that the Fed will start charging negative interest rates on bank reserve accounts, which will ripple through the markets and result in negative interest rates on savings at banks. I make

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China’s Unsustainable Growth

Friday, January 23rd, 2015 by posted in Banking, Capitalism, Economics.
central-bank-china-1

In November 2014, China’s central bank declared it will lower the interest by 0.4%. The modification is not large enough to imply a change of policy direction, however; it is still an effort to sour on the financial market and

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Switzerland Leaves the European Monetary Union

Friday, January 16th, 2015 by posted in Banking, Economics, Politics.

Oh. You didn’t know that Switzerland was part of the European Monetary Union? You thought that the Swiss used their own currency, the Swiss franc? In a definitional sense only, you are correct. Within its monopolized currency area, the political

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Will the ECB Soon Fire Up the Printing Presses?

Friday, January 16th, 2015 by posted in Banking, Economics, Regulation.
ecb_image

There is growing anticipation that the European Central Bank will pull the QE (quantitative easing) trigger at its upcoming meeting on January 22nd. Never mind that such an action explicitly violates article 104 of the Maastricht treaty (article 123 of

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The Myth of Fed Independence

Friday, January 9th, 2015 by posted in Banking, Capitalism, Economics.
yellen19_teaser

Excerpted from The Case Against The Fed. Reprinted from Mises.org By far the most secret and least accountable operation of the federal government is not, as one might expect, the CIA, DIA, or some other super-secret intelligence agency. The CIA

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