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The Telegraph condemns QE (sort of)

Wednesday, September 2nd, 2015 by posted in Banking, Capitalism.

The Telegraph last week printed a very muddled article by Jeremy Warner entitled “Jeremy Corbyn’s plan to turn Britain into Zimbabwe” that unintentionally made the case against the quantitative easing that is destroying market economies around the globe. Corbyn, who

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Capitalists Have a Better Plan

Monday, August 31st, 2015 by posted in Capitalism, Economics.
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Reprinted from the Freeman To early 20th-century intellectuals, capitalism looked like anarchy. Why, they wondered, would we trust deliberative, conscious guidance when building a house but not when building an economy? It was fashionable among these socialist intellectuals to espouse

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What Happened to (the price) of my Beer?

Thursday, August 27th, 2015 by posted in Capitalism, Economics.
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Introduction Brief contemporary and historical examples of the unintended consequences and effects price controls have on goods, services, people and societies in general.   Canada, and more specifically the Province of British Columbia, is home to beautiful natural landscapes such as mountains,

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The Slow-Motion Financial Suicide of the Roman Empire

Wednesday, August 26th, 2015 by and posted in Banking, Capitalism, Economics.
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Reprinted from the Freeman More than 2,000 years before America’s bailouts and entitlement programs, the ancient Romans experimented with similar schemes. The Roman government rescued failing institutions, canceled personal debts, and spent huge sums on welfare programs. The result wasn’t

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When Work Is Punished: The Ongoing Tragedy Of America’s Welfare State

Tuesday, August 25th, 2015 by posted in Capitalism, Economics.
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Reprinted from Zerohedge.com Wage growth – or a persistent lack thereof – has become something of a hot topic in America. Thanks to the nationwide push for a higher pay floor (personified by mobs of angry fry cooks demanding $15/hour

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How the 1% Provides the Standard of Living of the 99%

Monday, August 24th, 2015 by posted in Capitalism, Economics.
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This essay originally appeared on Dr. Reisman’s blog on October 19, 2011, under the title “How a Highly Productive and Provident One Percent Provides the Standard of Living of a Largely Ignorant and Ungrateful 99 Percent.” It was subsequently included

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Down with Legal Tender Part 1

Thursday, August 20th, 2015 by posted in Banking, Capitalism, Economics.
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[This article is excerpted from chapters 4, 5, and 6 ofDenationalisation of Money: the Argument Refined.] When one studies the history of money, one cannot help wondering why people should have put up for so long with governments exercising an

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L’externalité, le bien public, et l’intervention de l’État

Wednesday, August 19th, 2015 by posted in Capitalism, Economics, Education.

Un argument classique en faveur de l’intervention de l’État dans l’économie consiste à stipuler qu’il faut corriger les « échecs du marché ». Sans grande surprise, les économistes contemporains en dénombrent plusieurs. Je veux ici présenter deux exemples analytiquement similaires de ces

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The End of Economic Freedom Part 2

Wednesday, August 12th, 2015 by posted in Capitalism, Economics, History.
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Reprinted from LewRockwell.com This first appeared in The Libertarian Forum, Vol III, NO.8, September, 1971 The Function of the Price System The free price system, the free fluctuation of all prices, wages, and rents, which has been so blithely destroyed

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The End of Economic Freedom Part 1

Tuesday, August 11th, 2015 by posted in Capitalism, Economics, History.
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Reprinted from LewRockwell.com  This first appeared in The Libertarian Forum, Vol III, NO.8, September, 1971 On August 15, 1971, economic freedom died in America. And the terrible thing is that everybody cheered. Where was the opposition? Where are the people

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On Minimum-Wage Rates

Wednesday, August 5th, 2015 by posted in Capitalism, Economics.
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[Reprinted from Human Action (1949)] The very essence of the interventionist politicians’ wisdom is to raise the price of labor either by government decree or by violent action on the part of labor unions. To raise wage rates above the height

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The Peddler as Hero

Tuesday, August 4th, 2015 by posted in Capitalism, History.
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This article is excerpted from the first chapter of Out of Step: The Autobiography of an Individualist, published in 1962. I was born on the lower East Side of New York and brought up on the lower West Side. (I

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Lower the Drinking Age!

Monday, August 3rd, 2015 by posted in Capitalism, Economics.
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Reprinted from the Freeman It’s rush time for fraternities and sororities on college campuses right now. That means dressing up, networking, socializing, attending parties, and staying up late nights. It also means, whether parents know it (or like it) or

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Short Memories in Las Vegas

Thursday, July 30th, 2015 by posted in Banking, Capitalism, Economics.

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.
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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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