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Money and the Law

Wednesday, December 3rd, 2014 by posted in Banking, Capitalism, Economics, History.
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(Original Italian publication: Movimento Libertario, L’Indipendenza) The modern (or totalitarian) State is founded on two frauds: the fraud of law and the fraud of money. The wielders of political power have replaced the law and money with things they called

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Lane Markers, Techno-Utopians and Succession

Tuesday, December 2nd, 2014 by posted in Capitalism, Economics.
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“Freedom is not a public-policy option and it is not a plan. It is the end of politics itself. It is time for us to take that next step and call for precisely that.”  – Lew Rockwell (The Left, The

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The Politics of Monetary Policy

Monday, December 1st, 2014 by posted in Banking, Capitalism, Economics.
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This article is excerpted from chapter 3 of Politically Impossible? Suppose an economist is convinced that the most appropriate international monetary system in a civilized age is one in which the measuring rod of money in every country has a

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On the Swiss Gold Referendum

Sunday, November 30th, 2014 by posted in Banking, Capitalism, Economics.

The Swiss gold initiative has come and gone. It can be summarized as much ado about nothing. Even if it had passed, the initiative would have had no real impact on the Swiss National Bank’s ability to print money or

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Humble Markets, Prideful Politics

Friday, November 28th, 2014 by posted in Capitalism, Economics.
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Reprinted from The Freeman Spiritual writers have long praised the virtue of humility, contrasting it with pride and arrogance. Humility involves the willingness to admit error, grant the reality of failure, be magnanimous in the face of success, and maintain

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Is It Wrong to Require Work on Black Friday?

Thursday, November 27th, 2014 by posted in Capitalism, Economics.
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Supporters of workers’ rights have two tropes they constantly revisit. The first is the argument for higher wages – either an increased minimum wage or the dreaded “living” wage. The demand for higher government-enforced pay seems incapable of dying a

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Will someone please stop this man before he hurts himself?

Wednesday, November 26th, 2014 by posted in Banking, Capitalism, Economics.

From today’s Open Europe news summary: Juncker unveils his €315bn investment package for Europe Speaking to the European Parliament this morning, European Commission President Jean-Claude Juncker unveiled his plan for a €315bn investment fund – backed by €8bn from the

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Government debates fractional-reserve banking

Wednesday, November 26th, 2014 by posted in Banking, Capitalism, Economics.

Three cheers to Steve Baker, Conservative MP from Wycombe, for raising the delicate yet important of matter of fractional-reserve banking in Britain´s House of Commons. We are in a debt crisis of historic proportions because for far too long profit-maximising

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The Case Against Rent Control

Tuesday, November 25th, 2014 by posted in Capitalism, Economics, Regulation.
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Reprinted from The Freeman To someone ignorant of economic reasoning, rent control seems like a great policy. It appears instantly to provide “affordable housing” to poor tenants, while the only apparent downside is a reduction in the income flowing to

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Time to Raise Rates?

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

Canada emerged relative unscathed from the financial crisis of 2008. Indeed, over the last six years growth has been relatively robust and to venture out in Toronto, Calgary or Vancouver right now one would think they were in the midst

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Why Banking, Corporate America And The Government Need Each Other

Monday, November 24th, 2014 by posted in Capitalism, Economics, Foreign Policy.
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Reprinted from GoldSilverWorlds.com Content: This paper summarizes an outstanding essay written by Murray N. Rothbard in 1984, which appeared the first time in World Market Perspective and later under the same title as a monograph produced by the Center for

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Changing the World: Technology Versus Politics

Thursday, November 20th, 2014 by posted in Capitalism, Civil Liberties, Economics.
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Reprinted from Casey Research We were all supposed to go vote on Tuesday. It’s our civic duty, we’re told. If you want change, your vote is more important than anyone else’s. What a crock. Technology has replaced politics as the

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Education and the Racist Road to Barbarism

Tuesday, November 18th, 2014 by posted in Capitalism, Economics, Environment, History.
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A Demonstration of the Objective Superiority of Western Civilization and Slap in the Face of Cultural Relativism and Political Correctness CONTENTS Introduction The Nature of Western Civilization The Universalizability of Western Civilization The Standard for Judging a Civilization: the Objective

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A Response: Defending Anarcho-Capitalism

Monday, November 17th, 2014 by posted in Capitalism, Economics, Philosophy, Politics.
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In a 1901 letter to novelist John Galsworthy, Polish author Joseph Conrad described “skepticism” as “the tonic of minds, the tonic of life, the agent of truth – the way of art and salvation.” Men hardly write letters anymore. Post

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One-Dimensional Thinking on Drug Legalization

Monday, November 17th, 2014 by posted in Capitalism, War on Drugs.
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The libertarian movement is often dismissed as consisting of a bunch of hippy stoners who just want to take drugs and do whatever they want. Of course, this is an unfair and untrue generalization that ignores the centuries of political

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Hey Austrians, Where Is the Inflation?

Monday, November 17th, 2014 by posted in Banking, Capitalism, Economics.
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Reprinted from Liberty.me Hey Austrians, Where Is the Inflation? Of all the criticisms that Austrian economists receive, this complaint is the most reasonable and legitimate of all. Many Austrian economists (so I’m told) have predicted that when Ben “The Bubble”

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Social Pressure Triumphs Again

Thursday, November 13th, 2014 by posted in Capitalism, Law, Lifestyle.
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Google Glass is basically dead. The innovative technology from the largest, most exciting tech firm out there was supposed to usher in a brave new world of wearable computers, revolutionize communication and take humanity the next step down the inevitable

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Will Foreign Loans Make Us Rich?

Thursday, November 13th, 2014 by posted in Capitalism, Economics, Trade.
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[Reprinted from Will Dollars Save the World? (1947)] One of a number of posters created by the Economic Cooperation Administration, an agency of the US government, to sell the Marshall Plan in Europe. Note the pivotal position of the American flag.

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Europe 25 years after the fall of the iron curtain

Wednesday, November 12th, 2014 by posted in Capitalism, Economics, Mises on Policy, Politics.

Play video 01:38:28 Added on 11/12/14 178 views Many thanks to my friend Dr. Philip Bagus for forwarding the link to me. In addition to the address by former Czech president Vaclav Klaus, there were excellent presentations by Dr. Bagus

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Defending the Miser

Wednesday, November 12th, 2014 by posted in Capitalism, Economics.
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[Excerpted from Defending the Undefendable] The miser has never recovered from Charles Dickens’s attack on him in A Christmas Carol. Although the miser had been sternly criticized before Dickens, the depiction of Ebenezer Scrooge has become definitive and has passed

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