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Short Memories in Las Vegas

Thursday, July 30th, 2015 by posted in Banking, Capitalism, Economics.
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Reprinted from LewRockwell.com Rates are low, the weather is hot, and builders are more active than they’ve been in years. “Groundbreakings on new homes surged 26.6% and permits to build new homes rose 30% in June compared to one year

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The Übermensch vs. Uber & The Poor

Tuesday, July 28th, 2015 by posted in Capitalism, Economics.
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In a previous article, I wrote about mankind’s greatest invention: The Free Market System. History has proven that there is no other system heretofore created that has generated so much wealth and prosperity for the average person. Plus, no other

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Greece Should Learn from Ireland

Wednesday, July 22nd, 2015 by posted in Capitalism, Economics.
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Reprinted from the Independent Institute Greece missed its $1.8 billion loan repayment to the International Monetary Fund on June 30, and voters rejected the austerity measures creditors are demanding as the price of another bailout on last Sunday’s referendum. Greece

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War on drugs and its effects on freedom and private property

Monday, July 20th, 2015 by posted in Capitalism, Civil Liberties, War on Drugs.
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Much has been written about the War on Drugs, especially its disastrous effects on the life of individuals, the economy, and the growth of the police state. All of this is caused by society’s need to reduce the use of

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A Pseudo-Tax: Regulation of Public Utilities

Friday, July 17th, 2015 by posted in Capitalism, Economics.
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Introduction Every American business and household is directly and indirectly impacted by the seemingly never-ending rise in public utility prices (including airports, electricity, gas, post, public transport, rail, seaports, telecommunications, and water & sewerage). The state and federal regulation of

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How to Outsource Your Compassion to the Government

Thursday, July 16th, 2015 by posted in Capitalism, Economics.
homelessness teaser

Reprinted from the Freeman I saw the mom and her two little kids camped out in the shopping center parking lot. She held a sign asking for help to feed them. I bought some oranges and bananas for them. Imagine

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The Chimera of Contracyclical Policies

Wednesday, July 15th, 2015 by posted in Banking, Capitalism, Economics.
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[Republished from Human Action (1949)] An essential element of the “unorthodox” doctrines, advanced both by all socialists and by all interventionists, is that the recurrence of depressions is a phenomenon inherent in the very operation, of the market economy. But while

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Frédéric Bastiat Deserves a Posthumous Nobel

Tuesday, July 14th, 2015 by posted in Capitalism, Economics, History.
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Reprinted from the Freeman If a posthumous Nobel Prize was awarded for crystal-clear writing and masterful storytelling in economics, no one would be more deserving of it than Frédéric Bastiat (June 30, 1801–December 24, 1850). He set the standard over a

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Gold and Economic Inequality

Friday, July 10th, 2015 by posted in Banking, Capitalism, Economics.
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Reprinted from Mises.org Inequality is a top news items for 2015 driven largely by the Baltimore riots, the minimum wage debate, Thomas Piketty’s bookCapital in the Twenty-First Century, and now the entry of socialist Bernie Sanders into the race for

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Baltimore’s Unemployed and the True Cost of Minimum Wages

Thursday, July 9th, 2015 by posted in Capitalism, Economics.
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Reprinted from Mises.org Since President Johnson first declared war on poverty in his 1964 State of the Union address, this war has cost US taxpayers $22 trillion. The primary implement of this war has and continues to be public assistance

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Capitalist Planning and Socialist Chaos Part 2

Wednesday, July 8th, 2015 by posted in Capitalism, Economics.
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Most of this essay has been extracted from portions of the author’s Capitalism: A Treatise on Economics, specifically pp. 137-139 and 269-273. Because of Its Destruction of the Price System, Economic Planning under Socialism Would Require the Existence of an

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Capitalist Planning and Socialist Chaos Part 1

Tuesday, July 7th, 2015 by posted in Capitalism, Economics.
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Most of this essay has been extracted from portions of the author’s Capitalism: A Treatise on Economics, specifically pp. 137-139 and 269-273.   Economic planning is almost always thought to be an activity performed by governments. In contrast, the activities

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My Advice for Greece

Monday, July 6th, 2015 by posted in Capitalism, Economics, Law, Politics, Regulation, Trade.

  Leave both the European Union (EU) and the European Monetary Union (EMU). These are very flawed institutions. In his prescient book Tragedy of the Euro, Professor Philip Bagus uses the term “misconstructed”, which I think is very descriptive of

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Keep Your Old Dimes Safe

Monday, July 6th, 2015 by posted in Banking, Capitalism.
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As a child I was told by my grandfather to keep an eye out for old dimes and to keep them because while dimes minted before 1967 were 80% silver, dimes minted from 1968 onwards were 99.9% nickel. While both

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Patrick Barron interviewed re: The Greek Crisis

Friday, July 3rd, 2015 by posted in Banking, Capitalism, Economics, Socialism.
Patrick Barron interviewed re: The Greek Crisis

Patrick Barron: The Greek Crisis and the Impossibility of the Euro Published on Jul 2, 2015 Jeff Deist and Patrick Barron discuss European integration, which pits creditor nations like Germany against hapless debtors like Greece under the yoke of the

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Nanoaggressions: Testing the Limits of Libertarian Legal Doctrine

Friday, July 3rd, 2015 by posted in Capitalism, Law.
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Reprinted from the Freeman Arthur Firstenberg sued his neighbor over a WiFi connection. Firstenberg asked for more than $1 million in damages due to the radiation emanating from his neighbor’s wireless router, dimmer switches, and other devices that we take for

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The Logic of Interventionism, or How to Wake up in a Prison

Wednesday, July 1st, 2015 by posted in Capitalism, Economics.
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Reprinted from Acting-man.org Archaic Financial Freedom The mainstream press is still full of articles about the alleged evils of cash, which we regard as a typical “trial balloon” launched by the powers-that-be. The way this works is that they get

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How to Eliminate Teachers’ Strikes

Monday, June 29th, 2015 by posted in Capitalism, Education.
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These past few months have seen teachers in a number of school boards in Ontario go on strike and engage in other pressure tactics as teachers’ unions prepare for another round of collective bargaining with the province. Predictably, this has

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Greece illustrates 150 years of socialist failure in Europe

Wednesday, June 24th, 2015 by posted in Capitalism, Economics, Socialism.

Greece cannot pay its debts…ever. Nor can several other members of the European Union. That’s why Europe’s elite are loath to place Greece in default. If Greece is allowed to abrogate its debts, why should any of the other debtor

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Austrian Business Cycle Theory: Answering the Critics

Thursday, June 18th, 2015 by posted in Banking, Capitalism, Economics.
Austrian Business Cycle Theory: Answering the Critics

According to the economists of the Austrian School, artificial credit expansion is the primary factor behind the business cycle. Critics have tried to poke holes in the theory, but David Howden shows those holes are just an illusion. https://www.youtube.com/watch?v=oVR79OJgGvA&feature=youtu.be

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