Capitalism  RSS Feed

The problem isn’t overproduction; it’s malinvestment

Tuesday, May 5th, 2015 by posted in Capitalism, Economics, Socialism.

Mr. Max Ehrendfreund, writing in the Washington Post’s Wonkblog, believes that he has discovered something new: that the world is producing too much and doesn’t know what to do with it. His solution, of course, is to confiscate the overproduced

No comments yet

Apartment hunting in Paris reminds me why I’m a conservative

Friday, May 1st, 2015 by posted in Capitalism, Economics.
paris1_teaser

Reprinted from The Week My family and I live in Paris. There are many nice things about Paris, as everyone on the planet knows. Apartment hunting is not one of them. Nevermind the extortionary rents. To rent an apartment, you

1 comment

Freedom of Opportunity Not Equality of Opportunity Part 2

Tuesday, April 28th, 2015 by posted in Capitalism, Economics.
hopper_painting_teaser

This essay shows that the goal of equality of opportunity is both absurd and vicious. Achieving it would require that children all be raised in the same environment and have the same genetic inheritance. In contrast, the essay shows that

No comments yet

Freedom of Opportunity Not Equality of Opportunity Part 1

Monday, April 27th, 2015 by posted in Capitalism, Economics.
hopper-small-office-image_teaser

This essay shows that the goal of equality of opportunity is both absurd and vicious. Achieving it would require that children all be raised in the same environment and have the same genetic inheritance. In contrast, the essay shows that

No comments yet

Drought and the Failure of Big Government in California

Wednesday, April 22nd, 2015 by posted in Capitalism, Environment.
drought_teaser

Reprinted from Mises.org California Governor Jerry Brown has announced that private citizens and small businesses — among others — will have their water usage restricted, monitored, and subject to heavy fines if state agents determine that too much water has

No comments yet

The Costs of Hysteria

Tuesday, April 21st, 2015 by posted in Capitalism, Environment.
global warming teaser

Reprinted from the Freeman Suppose the scientific consensus on climate change is right. Let’s also stipulate, for the sake of argument, that the computer projections used by the United Nations and the US government are correct, and that economists are able

1 comment

Who Owns the North Pole?

Monday, April 20th, 2015 by posted in Capitalism, Environment.
Antarctica2_teaser

Reprinted from Mises.org The battle for the North Pole is snowballing between national governments along the Arctic Circle, as they all have their eyes set on the vast natural resources residing in the Arctic region. Indeed, it’s estimated the Arctic

No comments yet

FREEDOM How to Understand and Apply the Concept Part 2

Friday, April 17th, 2015 by posted in Capitalism, Economics.
farm_painting_teaser

With very minor modification, principally the addition of the postscript “Free Speech and `Occupy Wall Street,’” this essay is an excerpt from my Capitalism: A Treatise on Economics, specifically, pp. 21-27, which constitute Chapter 1, Part B, Section 2. The

No comments yet

FREEDOM How to Understand and Apply the Concept Part 1

Thursday, April 16th, 2015 by posted in Capitalism, Economics.
landscape_teaser

With very minor modification, principally the addition of the postscript “Free Speech and `Occupy Wall Street,’” this essay is an excerpt from my Capitalism: A Treatise on Economics, specifically, pp. 21-27, which constitute Chapter 1, Part B, Section 2. The

No comments yet

Central Banking Refuted In One Blog—–Thanks Ben!

Tuesday, April 14th, 2015 by posted in Banking, Capitalism, Economics.
Federal Reserve teaser

Reprinted from David Stockman’s Contra Corner Blogger Ben’s work is already done. In his very first substantive post as a civilian he gave away all the secrets of the monetary temple. The Bernank actually refuted the case for modern central banking

1 comment

A World Without The Welfare State

Monday, April 13th, 2015 by posted in Capitalism, Economics.
welfare_state_teaser

Reprinted from EpicTimes We live in an era in which few can even conceive of a world without the welfare state. Who would care for the old? How would people provide for their medical needs? What would happen to the

No comments yet

Will the New Banking Proposals in Iceland Save it from Economic Instability?

Monday, April 13th, 2015 by posted in Banking, Capitalism, Economics, Politics.

A recent proposal out of Iceland has been making the waves around economics blogosphere. In it, Frosti Sigurjonsson critiques the current fractional-reserve banking system and proposes instead a system he calls “Sovereign Money”. But what is “sovereign money”, how is

13 comments

When Internet Explorer Ruled the World

Wednesday, April 8th, 2015 by posted in Capitalism, Economics.
Internet-Explorer_e

Reprinted from the Freeman Microsoft announced this month that it was finally taking Internet Explorer out behind the woodshed, officially ending its two decade reign as the king (and then later the court jester) of web browsers. The main focus

No comments yet

The Essence of Keynesian Thinking

Tuesday, April 7th, 2015 by posted in Capitalism, Economics.
Keynes (1)_teaser

This article originally appeared as “Keynesian Thinking” in Newsweek, August 11, 1954. Reprinted from Mises.org Arthur F. Burns, now chairman of the Council of Economic Advisers, is one of the country’s outstanding statisticians. Yet there is in his implied economic

No comments yet

The Battle Against Political Extremism

Monday, April 6th, 2015 by posted in Capitalism, Politics, Regulation.
22-IS2003-2334a_teaser

It is becoming more common for the mainstream media to warn Canadians about the threats posed by domestic extremists. This was emphasized by Vic Toews, the Canadian Minister of Public Safety, in his article entitled “Building Resilience Against Terrorism: Canada’s

No comments yet

My recent interview on Power Trading Radio

Friday, April 3rd, 2015 by posted in Banking, Capitalism, Economics, Politics, Regulation, Socialism.

  Banking Expert: Germany Should Leave the European Union April 3rd, 2015 Patrick Barron is a consultant to the banking industry. He teaches Austrian school economics at the University of Iowa and Bank Managemant Simulation for the Graduate School of

Comments are off for this post

What’s so great about the new Asian Infrastructure Investment Bank?

Thursday, April 2nd, 2015 by posted in Banking, Capitalism, Economics.

Recently a friend sent me the updated Wikipedia link about the newly formed Asian Infrastructure Investment Bank that has been in the news so much, mostly gathering glowing endorsements that this is a great undertaking.   http://en.wikipedia.org/wiki/Asian_Infrastructure_Investment_Bank Asian Infrastructure Investment

Comments are off for this post

The Objectives of Currency Devaluation

Thursday, April 2nd, 2015 by posted in Banking, Capitalism, Economics.
currency teaser

This article is excerpted from Human Action (1949), chapter 31, “Currency and Credit Manipulation.” In the boom period that ended in 1929, labor unions had succeeded in almost all countries in enforcing wage rates higher than those which the market,

Comments are off for this post

Oil Boom and Government Glut

Wednesday, April 1st, 2015 by posted in Capitalism, Environment, Regulation.
petroluem_reseruve

Reprinted from the Freeman It’s a sweet thing when Uncle Sam becomes a mega-buyer of your product. While the price of oil continues to plunge to record lows, drivers are celebrating, and oil executives are sweating it out. But never

1 comment

Fossil Fuels Will Save the World (Really)

Monday, March 30th, 2015 by posted in Capitalism, Economics, Environment.
oil_drilling_equipment_oil_refining_teaser

Reprinted from the Wall Street Journal The environmental movement has advanced three arguments in recent years for giving up fossil fuels: (1) that we will soon run out of them anyway; (2) that alternative sources of energy will price them

Comments are off for this post