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Why Lehman is Still a Mess

Tuesday, April 8th, 2014 by posted in Banking, Capitalism, Economics.

More than five years after the collapse of Lehman Brothers, economists are still searching to understand why it failed as badly as it did. By this I don’t mean why it went bankrupt – everyone is well aware that its

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No criticism of the Fed allowed

Saturday, April 5th, 2014 by posted in Banking, Capitalism, Economics, Regulation.

Re: Jeremy Stein to Resign From Fed Board to Return to Harvard Now, no one would ever call Harvard professor Jeremy Stein an Austrian school economist, so it is illuminating how even his modest questioning of Quantitative Easy is not allowed

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EU Takes Over the Internet

Saturday, April 5th, 2014 by posted in Capitalism, Economics, Politics.

Re: E.U. Lawmakers Approve Tough ‘Net Neutrality’ Rules Newspeak, the official language of George Orwell’s totalitarian nightmare regime in his novel Nineteen Eighty-Four, has come to Europe.  Billed as a law to protect the consumer from high prices and ensure more access

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How to Prevent Another Ukraine

Friday, April 4th, 2014 by posted in Capitalism, Economics, Foreign Policy, Law, Politics.

Today all nations treat the people, businesses, and natural resources within their borders as if they were owned by the state.  Some resources, such as oil and minerals, actually are owned by many national governments.  But even in the US,

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The Dutch West India Company

Friday, April 4th, 2014 by posted in Capitalism, Economics, History.
dutch west india company teaser

This article is excerpted from Conceived in Liberty, volume 1, part 4, “The Rise and Fall of New Netherland.” Reprinted from Mises.org The Dutch West India Company began operations in 1623, and in the same year the first party of permanent

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Hobby Lobby’s Dignity

Thursday, April 3rd, 2014 by posted in Capitalism, Economics, History.
hobby_lobby

Can capitalism ever be degrading? Is there something unjust about working long hours for minimal pay? Is it wrong to purchase a trinket manufactured halfway across the globe in a dingy, musty room? In a controversial piece for The American

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Catch Shawn Ritenour on Power Trading Radio

Tuesday, April 1st, 2014 by posted in Capitalism, Economics.
ritenour_shawn

Weekend Edition with Shawn Ritenour Professor of Economics at Grove City College, Shawn Ritenour, joins Merlin and John for a look at the truth behind economic data and the current macro market picture. Dr. Ritenour spent time working for the

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Central Banks Extend Their Reach as Bureaucratization of Markets Continues

Tuesday, April 1st, 2014 by posted in Banking, Capitalism, Economics.
fed teaser

Reprinted from DetlevSchlichter.com The twentieth century witnessed the shift from the classical order of free markets and hard, non-political money – epitomized by the gold standard – to fully elastic money and credit markets under the control of state central banks.

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The New Inquisition

Monday, March 31st, 2014 by posted in Capitalism, Regulation.
spanish inquisition the rack

There have always been things that “society” at large, meaning governmental authorities with the power to enforce their ideas, have considered more important than the individual liberty of the citizenry. If an idea is deemed sufficiently vital, it is easy

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A Lifeboat for Jerome Murdough

Saturday, March 29th, 2014 by posted in Capitalism, Politics, Regulation.
Hot Cell Death

In his Ethics of Liberty, libertarian theorist Murray Rothbard makes short work of popularly employed “lifeboat situations.” Devising untenable situations to trip up ideologues is a common tactic of debaters (admittedly, I am prone to the same behavior from time

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The wages of public control of the economy

Friday, March 28th, 2014 by posted in Capitalism, Economics, Environment, Foreign Policy, Politics.

From today’s Open Europe news summary: German Energy Minister warns that there is “no reasonable alternative” to Russian gas German Minister for Economic Affairs and Energy, Sigmar Gabriel, yesterday warned that there is “no reasonable alternative” to Russian gas imports,

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Fiat Money and Business Cycles in Emerging Markets

Friday, March 28th, 2014 by posted in Banking, Capitalism, Economics.
world-currency teaser

Reprinted from Mises.org After the stock market collapse of 2008 and a decline of 3.4 percent for U.S. GDP in 2009, investors rushed to stash funds in emerging markets (EM) where economies were growing at a 3.1 percent annual rate.

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The New Deal for the Youth?

Thursday, March 27th, 2014 by posted in Capitalism, Economics, Regulation.
new deal

“It’s time for Canada to offer a new deal to its young people.” That’s how the uber-liberal state worshippers at the Broadbent Institute introduced a new plan to fix the Great North’s ailing economy and boost the job prospects of

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Cuba Woos Foreign Investors

Wednesday, March 26th, 2014 by posted in Capitalism, Economics, Socialism.

One of socialism’s last men standing, Cuba has recently softened its stance on foreign investment. In a bid to attract capital to the stagnant economy, a newly proposed foreign investment law would cut taxes on foreigners in half to 15%

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The EU Cannot Be Reformed, Because It Does Not Honor the Rule of Law

Wednesday, March 26th, 2014 by posted in Capitalism, Economics, Law, Politics.

From today’s Open Europe news summary: Swidlicki: Clegg/Farage debate risks establishing false ‘all-or-nothing’ choice and ignoring public appetite for EU reform Writing on Liberal Democrat Voice ahead of the first EU debate between Nick Clegg and Nigel Farage tonight, Open

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Stealth Inflation

Tuesday, March 25th, 2014 by posted in Banking, Capitalism, Economics, History.

Central bankers have managed to obscure the effects of money printing. But market efficiency gains can’t hide the problems forever.    Six years into recovery and the economy worldwide is punk, despite central bankers’ belief they can inject just the

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Creating Unemployment and Poverty

Tuesday, March 25th, 2014 by posted in Capitalism, Economics, Politics, Regulation.

From today’s Open Europe news summary: In an interview with Die Welt, Jean-Claude Juncker, the EPP’s candidate for European Commission President, argues, “As Europeans we have been active in many areas except for social policy where we have taken a

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Anthropomorphizing the Banking System

Tuesday, March 25th, 2014 by posted in Banking, Capitalism, Economics.

Re: European Officials Reach Deal on Failed-Bank System The European Union’s attempt to create one bank regulator with the power to shut down and bailout problem banks will fail, because it does not address the cause of generalized bank failures. 

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The Unemployment Mirage

Tuesday, March 25th, 2014 by posted in Capitalism, Economics.
OLYMPUS DIGITAL CAMERA

The rate of unemployment is one of the key metrics by which we tend to judge the health of an economy. If unemployment is low, we tend to say that the economy is strong. If unemployment is high, we conclude

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The Connection Between George Orwell and Friedrich Hayek

Tuesday, March 25th, 2014 by posted in Capitalism, Economics.
hayek teaser

Reprinted from Reason.com I’m inclined to think of George Orwell and F. A. Hayek at the same time. Both showed great courage in writing the truth, undaunted by the consequences awaiting them. Both valued freedom, though they understood it differently.

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