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Why Isn’t Monetary Pumping Helping the Economy?

Monday, September 8th, 2014 by posted in Banking, Capitalism, Economics.
dollar-printing teaser

Reprinted from Mises.org Despite all the massive monetary pumping over the past six years and the lowering of interest rates to almost zero most commentators have expressed disappointment with the pace of economic growth. For instance, the yearly rate of

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The IMF, the SDR, and the Dollar: One Big Happy

Thursday, September 4th, 2014 by posted in Banking, Capitalism, Economics.
International-Monetary-Fund-IMF-Logo-tease

Reprinted from GaryNorth.com The SDR is a fake currency issued by the International Monetary Fund. It was invented in 1969, the first year of the Nixon administration. It was a stop-gap measure to save the fixed exchange rate system of

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Finally, the Fed Blames Itself

Wednesday, September 3rd, 2014 by posted in Banking, Capitalism, Economics.

This is an historic time. After six years of the most novel and expansive monetary policies since its creation 100 years ago, the Fed is finally ready to admit its role in prolonging the current recession… kind of. Two economists

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The Morality Test: Capitalism vs. Government

Wednesday, September 3rd, 2014 by posted in Capitalism, Economics.
factory-line-teas

Reprinted from Casey Research Everyone has been taking shots at capitalism, from the Pope to best-selling author Thomas Piketty. They say that letting the market and entrepreneurs have their way leads to wealth inequality. There will be people who are

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Unions are Not Capitalism

Tuesday, September 2nd, 2014 by posted in Capitalism, Economics.
scab

Labor unions are a dying breed. According to the Pew Research Center, union membership in America “is at its lowest level since the Great Depression.” In 1983, there were approximately 17.7 million union workers. Today, that number stands at 14.5

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Does the World Need a World Bank?

Tuesday, September 2nd, 2014 by posted in Banking, Capitalism, Economics.
worldbank-tea

[Ludwig von Mises on Money and Inflation (2010)] As a medium of exchange, the situation of money is different from that of other commodities. If there is an increase in the quantity of other commodities, this always means an improvement of

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You Can’t Run an Economy with Spreadsheets

Monday, September 1st, 2014 by posted in Capitalism, Economics, Regulation.
spreadsheet-tea

Reprinted from Mises.org Argentina’s economic minister, Axel Kicillof, has become famous for his assertion that it is possible to centrally manage the economy now because we have spreadsheets such as Microsoft Excel. This assertion comes from the mistaken view that

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The War on Airbnb

Friday, August 29th, 2014 by posted in Capitalism, Economics.
airbnb

The web startup Airbnb is finding itself in hot water lately. A peer-to-peer service that matches renters with rentiers, the company is under attack by entrenched lodging businesses such as hotels. It’s easy to see why. The company, which is

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Flight of the Liberals

Thursday, August 28th, 2014 by posted in Capitalism, Economics.
bald-eagle-in-flight_t5514

Voting with your feet has long been an important part of the democratic process. When the laws of a town, state or even country become oppressive, citizens should be free to leave and seek more favorable conditions elsewhere. Yet while

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Elizabeth Warren’s 11 Commandments

Thursday, August 28th, 2014 by posted in Capitalism, Economics, Politics.
warren1 teaser

Reprinted from Mises.org In a recent speech of which Politico claims absolutely energized the “Progressive” left, Elizabeth Warren laid out her so-called 11 Commandments of Progressivism. In what follows, I will first give Warren’s “commandment,” and then explain how each so-called commandment cannot

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Want to Hurt Pensioners? Expand Public Pensions

Thursday, August 28th, 2014 by posted in Capitalism.

Ask yourself the following questions. Do you feel as though you have insufficient funds to retire? Would you like to have more money for your retirement? Would you like the government to provide more savings programs or income supports for

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The Perfect Banking System

Wednesday, August 27th, 2014 by posted in Banking, Capitalism, Economics.
casino teaser

Reprinted from the Carl Menger Center for the Study of Money and Banking he perfect banking system, like the perfect monetary system, is one which serves the needs of consumers and savers, and not the needs of the government. It

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IMF: Risk of Another Housing Crash

Wednesday, August 27th, 2014 by posted in Banking, Capitalism, Economics.

The International Monetary Fund is warning that the world is at risk of “another devastating housing crash.” This is true for instance for Australia, Belgium, Canada, Norway and Sweden,” he said. In the wake of the global recession central bankers

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World Reserve Currencies: What Happened During Transition?

Tuesday, August 26th, 2014 by posted in Banking, Capitalism, Economics.
dollar-bills_0 teaser

Reprinted from EconomicReason.com The decline of the US dollar hegemony is ever so clear today and this article aims to provide the reader with what exactly happened during past periods of reserve currency transitions. Historically, when a reserve currency transitioned

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Piketty’s Capital: Wrong Theory Destructive Program

Monday, August 25th, 2014 by posted in Capitalism, Economics, History.
piketty4_teaser

This essay is available for sale as a Kindle book on Amazon.com for 99¢. Go to http://amzn.to/1nsDDLP.   Prelude to Piketty: The US Government’s Assault on the American Economic System Over the course of several generations, the US government has

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Life Without the McDouble

Friday, August 22nd, 2014 by posted in Capitalism, Economics.
mcdonaldst

Reprinted from The Freeman It thrills me when McDonald’s burgers get the attention they deserve. This happened last year when Stephen Dubner, co-author of Freakonomics, made the provocative statement that the McDouble is the cheapest and most nutritious food in human history. 

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Gold versus Fractional Reserves

Thursday, August 21st, 2014 by posted in Banking, Capitalism, Economics.
goldt

[This article originally appeared in The Freeman, May 1979.] The present worldwide inflation has done, and will continue to do, immense harm. But it may eventually lead to one great achievement. It may make it possible to restore (or perhaps it

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Who Cares for Toronto’s Sidewalks?

Wednesday, August 20th, 2014 by posted in Capitalism, Economics, Environment, Law, Politics, Regulation.

In Toronto an important debate is starting to stir about who controls the sidewalks – the city or the owners of the adjacent properties. Sparking this debate is a bicycle owner, Lisa Ferguson, who thought her bike was stolen when

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World War One and the End of the Bourgeois Century

Wednesday, August 20th, 2014 by posted in Capitalism, Civil Liberties, Economics, History.
wwit

Reprinted from Mises.org Last week (two weeks ago – ed. note) marked the 100 Anniversary of the beginning of World War I. That war, which produced over 37 million casualties, not counting the related famines and epidemics that came in the

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Does Sexism Explain Dry Cleaning Prices?

Tuesday, August 19th, 2014 by posted in Capitalism, Economics.
Dry Cleaner

A recent Vox article claimed in its title: “Dry cleaners charge women more, and it matters more than you realize.” Yet as with most of these analyses, the discussion ignores basic principles of economics. Rather than viewing an initially surprising

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