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Fundamental Insights Into the Benevolent Nature of Capitalism Part 1

Monday, March 16th, 2015 by posted in Capitalism, Economics.
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This essay was originally presented as a speech at the Ludwig von Mises Institute on October 19, 2002, under the title “Some Fundamental Insights into the Benevolent Nature of Capitalism.” It appears as the lead essay in my Amazon.com collection

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Cyclical Unemployment Part 2

Friday, March 13th, 2015 by posted in Capitalism, Economics.
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Reprinted from the Freeman The Austrian View Austrian economists see eye to eye about the cyclical movements of economic activity. They agree that employment moves strongly with the basic changes in activity but typically is slower than other features of

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Cyclical Unemployment Part 1

Thursday, March 12th, 2015 by posted in Capitalism, Economics.
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Reprinted from the Freeman In the final analysis, government is solely responsible for the business cycle and the unemployment that results. Employment is an essential source of happiness and enjoyment. No man, properly occupied, can be miserable for long. To

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Net Neutrality: Triumph of the Ruling Class

Wednesday, March 11th, 2015 by posted in Capitalism, Politics, Regulation.
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Reprinted from Liberty.me A triumph of “free expression and democratic principles”? How stupid do they think we are? It’s been painful to watch the gradual tightening of government control in the name of net neutrality. The Federal Communications Commission’s decision

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A good lesson from Greece in the difference between private and public finance

Tuesday, March 10th, 2015 by posted in Banking, Capitalism, Economics, Politics.

From today’s Open Europe news summary (my emphasis): Greece to start technical talks with creditors tomorrow amid criticism that too much time is being wasted Eurozone finance ministers agreed yesterday that officials from the Greek government and the EU/IMF/ECB Troika

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How not to win friends!

Monday, March 9th, 2015 by posted in Capitalism, Economics, Foreign Policy, Politics, Socialism.

From today’s Open Europe news summary: Greek Defence Minister: We’ll flood Europe with refugees if Greece is ‘hit’ by Germany; Speaking at a meeting of Independent Greek MPs yesterday, party leader and Greek Defence Minister Panos Kammenos argued that “If

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Unemployment Benefits: The Government Gets What It Pays For

Monday, March 9th, 2015 by posted in Capitalism, Economics.
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Reprinted from the Freeman Just about everyone agrees that incentives affect behavior, but economists really mean it. That’s because economists take the logic of incentives further than most other people are willing to. Such analysis often reveals that government policies

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Since When Is Honduras a Libertarian Paradise?!

Friday, March 6th, 2015 by posted in Capitalism.
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It’s probably a good sign that the attacks on libertarianism are getting even more ridiculous. A recent Salon piece by Edwin Lyngar claims that his recent trip to Honduras proves that the principles espoused by people like Ayn Rand and

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Time for Some Mattress Padding

Thursday, March 5th, 2015 by posted in Banking, Capitalism, Economics.
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Can you imagine borrowing $1000 from the bank and receiving $10 per year interest from the bank? I didn’t think so. However, this is the happy situation facing some European countries and even a few Swiss companies. The Swiss, Swedish, and Danish governments

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Consumers’ Sovereignty and Natural vs. Contrived Scarcities

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