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Consumers’ Sovereignty and Natural vs. Contrived Scarcities

Tuesday, March 3rd, 2015 by posted in Capitalism, Economics.
WheatField at Sunset_teaser

Reprinted from The Daily Bell One of the great myths about the capitalist system is the presumption that businessmen make profits at the expense of the consumers and workers in society. Nothing could be further from the truth. In the

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Robots and Computerization Cause Unemployment

Monday, March 2nd, 2015 by posted in Capitalism, Economics.
robot_capitalism_t

Reprinted from The Freeman “Report Suggests Nearly Half of U.S. Jobs Are Vulnerable to Computerization,” screams a headline. The cry of “robots are coming to take our jobs!” is ringing across North America. But the concern reveals nothing so much

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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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The Minimum Wage and Unemployment in Australia

Friday, February 27th, 2015 by posted in Capitalism, Economics.
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Reprinted from International Man Are things really topsy-turvy down-under? Since people in Australia are already walking upside down on the bottom of the Earth, do the laws of economics operate upside down also? Does the minimum wage in Australia lead

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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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Down and Out in the Middle-Class Economy

Wednesday, February 25th, 2015 by posted in Capitalism, Economics.
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Reprinted the Freeman The president recently boasted of the success of his administration’s economic policies, which he calls “middle-class economics.” He describes his approach as “helping working families feel more secure in a world of constant change.” Who can blame

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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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How Markets Tell the Truth and Politics Tells Lies

Friday, February 20th, 2015 by posted in Capitalism, Economics.
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Reprinted from the Freeman Have you ever tried to work with people you couldn’t depend on to tell you the truth? It isn’t pretty. Without the ability to rely on what you’ve been told (or the assurance that you’ve been

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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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Pundits: Only a Crazy Person Would Doubt the Fed!

Friday, February 13th, 2015 by posted in Capitalism, Economics.
RandPaul

Senator Rand Paul’s recent speeches against the Fed have elicited scorn from the financial and economic blogosphere. Our technocratic wonks assure us that central banks are quite trustworthy, and only a crank or charlatan would want more accountability for the

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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.
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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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3 Myths about “Tax Reform”

Wednesday, February 11th, 2015 by posted in Capitalism, Economics.
IRS-tax-form-teaser

Reprinted from The Freeman Conservative pundits are supposed to be hard-nosed and economically savvy, but when it comes to tax reform they can be as emotional and misguided as progressives. The question of tax reform may be a moral issue,

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John Bugas: G-Man, Ford Executive, Misesian?

Wednesday, February 11th, 2015 by posted in Capitalism, Economics.
JSBugas

John Bugas and Consumer Sovereignty The economist Ludwig von Mises made the notion of “consumer sovereignty” a key plank in his economic analysis and defense of the market economy. John Bugas, a colorful character who rounded up “public enemies” for

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On The Fallacy of “We Make Too Much”

Tuesday, February 10th, 2015 by posted in Capitalism, Economics.
fred_reed

Murray Rothbard had a saying about economics: “It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to

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Why Private-Sector Services Seem to Be More Expensive

Tuesday, February 10th, 2015 by posted in Capitalism, Economics.
Auto-Mechanic-Garage-te

Reprinted from Mises.org Imagine you are a promising car mechanic who wants to open a new car repair shop. You would like to provide basic services to low-income citizens at affordable prices. You would charge a bare minimum for your

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Government Spending and Regime Uncertainty

Monday, February 9th, 2015 by posted in Capitalism, Politics, Regulation.
power-plant-c-sxc

Reprinted from The Independent Institute In 1997, my article “Regime Uncertainty” appeared in The Independent Review. In the article, I sought to explain and elaborate on an idea that I believed, and continue to believe, helps substantially in understanding why

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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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The Lamps Are Going Out

Wednesday, February 4th, 2015 by posted in Capitalism, Politique, Regulation.
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Reprinted from Taki’s Magazine Last night the streetlights in my pleasant little English market town were switched off at midnight. In fact they’ve been switching them off at midnight for two months, but I have not been here to notice it. However, in

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Property Rights as Social Justice Part III

Tuesday, February 3rd, 2015 by posted in Capitalism, Economics, Law, Philosophy.
fence-and-snowy-field-in-Knox-Farm-State-Park-East-Aurora-NY

Given the essentiality of peace and prosperity to the quality of human life, the significance of private property can hardly be ignored. Its greatest significance in the eyes of commentators, however, seems rooted in the impetus it gives to the

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