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Capitalism Is About Love

Thursday, September 18th, 2014 by posted in Capitalism, Economics.
Farmers-Market teaser

Reprinted from Liberty.me Today I took a couple of hours, in the middle of the afternoon, to be amazed and thrilled by an action-packed movie, shown in a theater built for me though I never requested it, a movie that

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Natural Beauty Held Back by Poor Rule of Law

Wednesday, September 17th, 2014 by posted in Capitalism, Law, Regulation.
albania teaser

Albania is a beautiful country. It made it in The Guardian’s list of 20 best bargain beach holidays in 2013 and Land Rover chose its rough and rugged Accursed Mountains to display the prowess of their new Discovery model. Some of its southern sand and

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The Hubris of the Monetary Social Contract

Monday, September 15th, 2014 by posted in Banking, Capitalism, Economics.
money-addiction teaser

Reprinted from Casey Research Money was once in the state of nature. Goods were once bartered until especially saleable goods emerged to be used in indirect exchange. A variety of saleable items became money until gold and silver became the

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Employment Insurance Is Not Insurance

Friday, September 12th, 2014 by posted in Capitalism, Economics, Law.
unemployment_line teaser

The federal government’s 2013 decision to change some of the rules governing Employment Insurance (EI) has received considerable criticism from some provinces and unions among others. Unfortunately, most of it is wrong because it is based entirely on the mistaken

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The Myth of the Unchanging Value of Gold

Wednesday, September 10th, 2014 by posted in Banking, Capitalism, Economics.
gold_standard teaser

Reprinted from Mises.org According to mainstream economics textbooks, one of the primary functions of money is to measure the value of goods and services exchanged on the market. A typical statement of this view is given by Frederic Mishkin in

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What Gave Bitcoin Its Value?

Tuesday, September 9th, 2014 by posted in Banking, Capitalism, Economics.
bitcoin_teaser

Reprinted from the Freeman Many people who have never used bitcoin look at it with confusion. Why does this magic Internet money have any value at all? It’s just some computer thing that someone made up. Consider the criticism of

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Why Isn’t Monetary Pumping Helping the Economy?

Monday, September 8th, 2014 by posted in Banking, Capitalism, Economics.
dollar-printing teaser

Reprinted from Mises.org Despite all the massive monetary pumping over the past six years and the lowering of interest rates to almost zero most commentators have expressed disappointment with the pace of economic growth. For instance, the yearly rate of

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The IMF, the SDR, and the Dollar: One Big Happy

Thursday, September 4th, 2014 by posted in Banking, Capitalism, Economics.
International-Monetary-Fund-IMF-Logo-tease

Reprinted from GaryNorth.com The SDR is a fake currency issued by the International Monetary Fund. It was invented in 1969, the first year of the Nixon administration. It was a stop-gap measure to save the fixed exchange rate system of

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Finally, the Fed Blames Itself

Wednesday, September 3rd, 2014 by posted in Banking, Capitalism, Economics.

This is an historic time. After six years of the most novel and expansive monetary policies since its creation 100 years ago, the Fed is finally ready to admit its role in prolonging the current recession… kind of. Two economists

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The Morality Test: Capitalism vs. Government

Wednesday, September 3rd, 2014 by posted in Capitalism, Economics.
factory-line-teas

Reprinted from Casey Research Everyone has been taking shots at capitalism, from the Pope to best-selling author Thomas Piketty. They say that letting the market and entrepreneurs have their way leads to wealth inequality. There will be people who are

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Unions are Not Capitalism

Tuesday, September 2nd, 2014 by posted in Capitalism, Economics.
scab

Labor unions are a dying breed. According to the Pew Research Center, union membership in America “is at its lowest level since the Great Depression.” In 1983, there were approximately 17.7 million union workers. Today, that number stands at 14.5

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Does the World Need a World Bank?

Tuesday, September 2nd, 2014 by posted in Banking, Capitalism, Economics.
worldbank-tea

[Ludwig von Mises on Money and Inflation (2010)] As a medium of exchange, the situation of money is different from that of other commodities. If there is an increase in the quantity of other commodities, this always means an improvement of

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You Can’t Run an Economy with Spreadsheets

Monday, September 1st, 2014 by posted in Capitalism, Economics, Regulation.
spreadsheet-tea

Reprinted from Mises.org Argentina’s economic minister, Axel Kicillof, has become famous for his assertion that it is possible to centrally manage the economy now because we have spreadsheets such as Microsoft Excel. This assertion comes from the mistaken view that

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The War on Airbnb

Friday, August 29th, 2014 by posted in Capitalism, Economics.
airbnb

The web startup Airbnb is finding itself in hot water lately. A peer-to-peer service that matches renters with rentiers, the company is under attack by entrenched lodging businesses such as hotels. It’s easy to see why. The company, which is

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Flight of the Liberals

Thursday, August 28th, 2014 by posted in Capitalism, Economics.
bald-eagle-in-flight_t5514

Voting with your feet has long been an important part of the democratic process. When the laws of a town, state or even country become oppressive, citizens should be free to leave and seek more favorable conditions elsewhere. Yet while

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Elizabeth Warren’s 11 Commandments

Thursday, August 28th, 2014 by posted in Capitalism, Economics, Politics.
warren1 teaser

Reprinted from Mises.org In a recent speech of which Politico claims absolutely energized the “Progressive” left, Elizabeth Warren laid out her so-called 11 Commandments of Progressivism. In what follows, I will first give Warren’s “commandment,” and then explain how each so-called commandment cannot

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Want to Hurt Pensioners? Expand Public Pensions

Thursday, August 28th, 2014 by posted in Capitalism.

Ask yourself the following questions. Do you feel as though you have insufficient funds to retire? Would you like to have more money for your retirement? Would you like the government to provide more savings programs or income supports for

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The Perfect Banking System

Wednesday, August 27th, 2014 by posted in Banking, Capitalism, Economics.
casino teaser

Reprinted from the Carl Menger Center for the Study of Money and Banking he perfect banking system, like the perfect monetary system, is one which serves the needs of consumers and savers, and not the needs of the government. It

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IMF: Risk of Another Housing Crash

Wednesday, August 27th, 2014 by posted in Banking, Capitalism, Economics.

The International Monetary Fund is warning that the world is at risk of “another devastating housing crash.” This is true for instance for Australia, Belgium, Canada, Norway and Sweden,” he said. In the wake of the global recession central bankers

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World Reserve Currencies: What Happened During Transition?

Tuesday, August 26th, 2014 by posted in Banking, Capitalism, Economics.
dollar-bills_0 teaser

Reprinted from EconomicReason.com The decline of the US dollar hegemony is ever so clear today and this article aims to provide the reader with what exactly happened during past periods of reserve currency transitions. Historically, when a reserve currency transitioned

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