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Will lifting the embargo bring prosperity to Cuba?

Monday, December 22nd, 2014 by posted in Capitalism, Economics, Politics.

On December 17th, the White House announced that it would restore full diplomatic relations with Cuba. This is certainly a step in the right direction. Nevertheless, ending the American embargo on Cuba – something Mr. Obama cannot do without approval

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Hold the Frankincense and Myrrh

Monday, December 22nd, 2014 by posted in Banking, Capitalism, Economics.
camels_teaser

As we approach the end of the calendar year, it is useful to look back at recent events to give us a sense of what the year ahead may hold. Looking back at the past couple of months, two events

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The Laffer Curve: Will Tax Cuts Pay for Themselves?

Thursday, December 18th, 2014 by posted in Capitalism, Economics.
Arthur Laffer

Reprinted from the Freeman In a recent speech in Little Rock, former president Bill Clinton said, “In the first eight years of trickle-down economics under President Reagan, we tripled the debt.” The former president claims his “first job” in the

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An Unorthodox Solution to the World’s Economic Problems

Wednesday, December 17th, 2014 by posted in Banking, Capitalism, Economics.
Federal_Reserve teaser

We currently face a monumental dilemma. How do we extract ourselves from all this excessive debt without crashing the world economy? There is a solution which is totally counterintuitive: print even more money. In other words, to get out of

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The Myth of a Middle Class

Tuesday, December 16th, 2014 by posted in Capitalism, Economics.
1906_American-family-dining-teaser

Reprinted from Mises.org Almost a year ago, during the State of the Union address, President Obama came up with another plan to ease the economic burden on middle-class families. No news here. In fact, he gave that same do-or-die case

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Down with Grumpy Cat

Monday, December 15th, 2014 by posted in Capitalism, Economics, Socialism.
grumpy_cat

“The proletarians have nothing to lose but their chains. They have a world to win. Working Men of All Countries, Unite!” – Karl Marx In our dire era of increasing economic inequality, we need a symbol for the oppression of

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Krugman’s Uncertainty

Thursday, December 11th, 2014 by posted in Banking, Capitalism.
Paul_Krugman

Attending the “Managing the Economy: Main Street, Wall Street and the Federal Reserve” on 9th December 2014, I was able to hear Dr Paul Krugman speak on issues of monetary policy and fiscal policy. Fiscal policy was deemed irrelevant early

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Attend the Austrian Scholars Conference Feb. 20-21

Thursday, December 11th, 2014 by posted in Capitalism, Economics, Education.

Grove City College will host the eleventh annual Austrian Student Scholars Conference, February 20-21, 2015. Open to undergraduates and graduate students in any academic discipline, the ASSC will bring together students from colleges and universities across the country and around

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Hazlitt’s Logic, For Those Who Care About Freedom

Wednesday, December 10th, 2014 by posted in Capitalism, Economics.
Hazlitt-photo_teaser

[American Affairs, 1946.] Reprinted from Mises.org Here is Henry Hazlitt exercising his gift for lucidity to produce a book entitled Economics in One Lesson. If there were such a book this would be it. It deals with those “economic fallacies

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Paper Submission Alert: Austrian Economics Research Conference 2015

Tuesday, December 9th, 2014 by posted in Capitalism, Economics, Education.
Mises

The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian school, bringing together leading scholars doing research in this vibrant and influential intellectual tradition. The conference is hosted by the Mises Institute at its campus in Auburn,

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Chris Rock: Bring the Pain of Economic Ignorance

Monday, December 8th, 2014 by posted in Capitalism, Economics, Regulation.
chris-rock

Late in his life, Murray Rothbard had a law that stated: “people tend to specialize in what they are worst at.” While the aphorism is definitely true about some specialists, more often than not the reverse is accurate. Artists have

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To LIcense or Not to License

Monday, December 8th, 2014 by posted in Capitalism, Economics.
vehicle_license_img_5115

Imagine the following scenario: Two adults, both in full possession of their faculties, agree to engage in a certain interaction, which they both expect to be mutually beneficial. But this activity is fraught with risk. There is a distinct imbalance

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The Internet Memory Hole

Monday, December 8th, 2014 by posted in Capitalism, Civil Liberties, Regulation.
forgotton

Reprinted from the Freeman Imagine you are considering a candidate as a caregiver for your child. Or maybe you are vetting an applicant for a sensitive position in your company. Perhaps you’re researching a public figure for class or endorsing

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Money and the Law

Wednesday, December 3rd, 2014 by posted in Banking, Capitalism, Economics, History.
oil249L_teaser

(Original Italian publication: Movimento Libertario, L’Indipendenza) The modern (or totalitarian) State is founded on two frauds: the fraud of law and the fraud of money. The wielders of political power have replaced the law and money with things they called

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Lane Markers, Techno-Utopians and Succession

Tuesday, December 2nd, 2014 by posted in Capitalism, Economics.
city_snowfighter_teaser

“Freedom is not a public-policy option and it is not a plan. It is the end of politics itself. It is time for us to take that next step and call for precisely that.”  – Lew Rockwell (The Left, The

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The Politics of Monetary Policy

Monday, December 1st, 2014 by posted in Banking, Capitalism, Economics.
monetary_teaser

This article is excerpted from chapter 3 of Politically Impossible? Suppose an economist is convinced that the most appropriate international monetary system in a civilized age is one in which the measuring rod of money in every country has a

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On the Swiss Gold Referendum

Sunday, November 30th, 2014 by posted in Banking, Capitalism, Economics.

The Swiss gold initiative has come and gone. It can be summarized as much ado about nothing. Even if it had passed, the initiative would have had no real impact on the Swiss National Bank’s ability to print money or

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Humble Markets, Prideful Politics

Friday, November 28th, 2014 by posted in Capitalism, Economics.
jaron_lanier_teaser

Reprinted from The Freeman Spiritual writers have long praised the virtue of humility, contrasting it with pride and arrogance. Humility involves the willingness to admit error, grant the reality of failure, be magnanimous in the face of success, and maintain

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Is It Wrong to Require Work on Black Friday?

Thursday, November 27th, 2014 by posted in Capitalism, Economics.
blackfriday

Supporters of workers’ rights have two tropes they constantly revisit. The first is the argument for higher wages – either an increased minimum wage or the dreaded “living” wage. The demand for higher government-enforced pay seems incapable of dying a

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Will someone please stop this man before he hurts himself?

Wednesday, November 26th, 2014 by posted in Banking, Capitalism, Economics.

From today’s Open Europe news summary: Juncker unveils his €315bn investment package for Europe Speaking to the European Parliament this morning, European Commission President Jean-Claude Juncker unveiled his plan for a €315bn investment fund – backed by €8bn from the

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