Capitalism  RSS Feed

My interview on Mises.org re: The End of the US Dollar Imperium, Part 2

Friday, October 31st, 2014 by posted in Capitalism, Economics, History, Politics.
My interview on Mises.org re: The End of the US Dollar Imperium, Part 2

Patrick Barron: The End of the US Dollar Imperium, Part 2 Jeff Deist and Patrick Barron continue their discussion on monetary imperialism. They delve deeper into US dollar supremacy, and how it might end with a whimper instead of a

No comments yet

Keynes was a failure in Japan – No need to embrace him in Europe

Friday, October 31st, 2014 by posted in Banking, Capitalism, Economics.
European+Central+Bank+HQ+Frankfurt+Germany_teaser

Reprinted from DetlevSchlichter.com Draghi’s volte-face two weeks ago has emboldened the Keynesian majority in the media and in economic research departments. It has injected new life into their relentless campaign for yet more state intervention in the Eurozone economy. It

No comments yet

The Housing Boom Returns

Friday, October 31st, 2014 by posted in Capitalism, Economics.

For the last decade (or more), Canadians have been ebullient about their home-grown housing boom. Home prices in Toronto have grown by leaps and bounds over the past decade. New homeowners have rushed in to take advantage of what seems

No comments yet

The Deflation Boogeyman

Thursday, October 30th, 2014 by posted in Banking, Capitalism, Economics.
Federal_Reserve

Here we go again.  A plunge in oil prices has spurred a bevy of articles from the bought-and-paid-for media, as well as quasi-governmental agencies, alerting us of pending disaster if deflation were allowed to make an entrance, however briefly. Never

No comments yet

The Market and the State

Thursday, October 30th, 2014 by posted in Capitalism, Economics, Politics.
Farmers-Market-2_teaser

[Originally published in German in 1968. Reprinted from Mises.org] For every species of animals and plants the means of subsistence are limited. Hence every living being’s vital interests are implacably opposed to those of all members of its own species.

No comments yet

QE’s Seeds are Already Sown

Thursday, October 30th, 2014 by posted in Banking, Capitalism, Economics.

The Federal Reserve has finally ended its quantitative easing programs. Since the financial crisis of 2008, the Fed has pursued what seemed like an endless policy of asset purchases. As recently as September 2008 the monetary base in the US

No comments yet

Ebola Won’t Wait for the FDA

Wednesday, October 29th, 2014 by posted in Capitalism, Economics, Regulation.
ebola_teaser

Just as fear of Ebola gaining a foothold in the United States in Dallas seemed to be passing, a new case has appeared in New York City. Even if we are so fortunate that no further cases result from this

No comments yet

Dudley the Dud

Wednesday, October 29th, 2014 by posted in Banking, Capitalism, Economics.
Dudley+lecture

Six years after the financial crisis rocked the world economy, it’s a safe bet to say the Federal Reserve will never take responsibility for the debacle. And why should it? To both mainstream pundits and academics, the Fed saved the

No comments yet

Regulate through taxation

Wednesday, October 29th, 2014 by posted in Capitalism, Civil Liberties, Economics.

One lesson from the United States’ Obamacare debacle has been that if Congress can’t get its way through regulation, it can always resort to taxes. At least that’s the Supreme Court’s view, after it declared the Affordable Care Act constitutional

No comments yet

The Fed: Strangling the Saving Ethic and Values

Monday, October 27th, 2014 by posted in Banking, Capitalism, Economics.
bank-teller_teaser

Reprinted from Casey Research Saving was once drummed into our heads as the prudent thing to do. How many times did you hear, “A penny saved is a penny earned”? Now some argue it’s not worth anyone’s time to pick

1 comment

Legal Victory for the IRS

Friday, October 24th, 2014 by posted in Capitalism, Economics.

With the IRS scandals of early 2014 all but a distant memory, some closure is coming to the groups that the long arm of the tax law harassed. Unfortunately the verdicts aren´t going the way the affected would like. The

1 comment

There Was No Contagion

Thursday, October 23rd, 2014 by posted in Banking, Capitalism, Economics.

If you use the word “contagion” these days, people are likely to think you’re talking about ebola. Backup five years ago, and contagion was the buzzword to describe the financial crisis. The European government bond market was falling apart, and

1 comment

Defending the Gypsy Cab Driver

Thursday, October 23rd, 2014 by posted in Capitalism, Economics.
cab_tea

[Excerpted from Defending the Undefendable.] The taxi business in the United States usually works to the detriment of the poor and minority groups in two ways — as consumers and as producers. As consumers, their plight is well demonstrated by

No comments yet

Abolish Antitrust Laws

Wednesday, October 22nd, 2014 by posted in Capitalism, Economics.
competition-antitrust_tea

[This essay is excerpted from chapter 3 of Murray N. Rothbard's Power and Market: Government and Economy.] It may seem strange to the reader that one of the most important governmental checks on efficient competition, and therefore grants of quasi

No comments yet

Disney World and the Real Fantasies of Our Time

Tuesday, October 21st, 2014 by posted in Capitalism, Economics.
disneyworld_tea

Reprinted from Liberty.me My visit to Disney World overwhelmed me with the incredible achievement of this private-property paradise. It only takes one visit to dismiss all the dismissiveness. Despite what you hear, it is not about decadent and superficial consumerism.

1 comment

The Misguided Push for STEM

Monday, October 20th, 2014 by posted in Capitalism, Economics, Education.
STEM_logo

The higher education system is a mess, and it seems the more we try to fix it, the worse it becomes. With a parade of unflattering test score comparisons constantly being trotted out, widespread unemployment, and a mismatch of skills

No comments yet

Occupational Licensure Strikes Again

Friday, October 17th, 2014 by posted in Capitalism, Economics.
braiding

It’s that time of year again: the time where I go on and on about a subject nobody but me cares about. That’s right, it’s occupational licensure! This is a subject that does not get nearly enough attention from the

1 comment

The IMF and Austrian Theory

Friday, October 17th, 2014 by posted in Banking, Capitalism, Economics.
IMF Greece Financial Crisis

Back in the early 1960s, financial journalist Henry Hazlitt warned against efforts to create an international system to help facilitate the smooth transfer of currencies. Representatives from the world’s leading governments were attempting to increase liquidity in global markets. They

No comments yet

The Nature and Origin of Money

Wednesday, October 15th, 2014 by posted in Capitalism, Economics.
differing-currnecies_teaser

An excerpt from Principles of Economics [online text], Chapter VIII, 1871. Reprinted from Mises.org IN THE EARLY STAGES of trade, when economizing individuals are only slowly awakening to knowledge of the economic gains that can be derived from exploitation of existing

No comments yet

On Quacks, Frauds, and Scam Artists

Tuesday, October 14th, 2014 by posted in Capitalism, Health Care.
dr-oz

For some time now, the scientific community has had its eye on taking down popular television host and alleged physician, Dr. Oz. Notorious for being a publicity grabber and pushing cures on his fawning audience that are dubious at best,

No comments yet