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In (Reluctant) Defense of Food Babe

Friday, December 19th, 2014 by posted in Economics, Regulation.

I love watching debates like this unfold. The “Food Babe,” a blogger and activist dedicated to misinforming people for fun and profit, has been making headlines, both positive and negative, for her over the top claims about food additives by

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The Revolt against Rationalism

Friday, December 19th, 2014 by posted in Economics, Epistemology, Philosophy.
rational-man_teaser

This article is excerpted from The Clash of Group Interests, “The Clash of Group Interests,” part 4 (1945; 2011). Reprinted from Mises.org The most remarkable fact in the history of our age is the revolt against rationalism, economics, and utilitarian

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The Laffer Curve: Will Tax Cuts Pay for Themselves?

Thursday, December 18th, 2014 by posted in Capitalism, Economics.
Arthur Laffer

Reprinted from the Freeman In a recent speech in Little Rock, former president Bill Clinton said, “In the first eight years of trickle-down economics under President Reagan, we tripled the debt.” The former president claims his “first job” in the

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An Unorthodox Solution to the World’s Economic Problems

Wednesday, December 17th, 2014 by posted in Banking, Capitalism, Economics.
Federal_Reserve teaser

We currently face a monumental dilemma. How do we extract ourselves from all this excessive debt without crashing the world economy? There is a solution which is totally counterintuitive: print even more money. In other words, to get out of

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Russia takes a page out of the Paul Volcker playbook

Tuesday, December 16th, 2014 by posted in Economics, Regulation.

From Zero Hedge: Russia Shocks With Emergency  Rate Hike The move by the Bank of Russia to drastically raise rates is the first break by a major central bank in the worldwide Keynesian dogma that lower rates are required to

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The Myth of a Middle Class

Tuesday, December 16th, 2014 by posted in Capitalism, Economics.
1906_American-family-dining-teaser

Reprinted from Mises.org Almost a year ago, during the State of the Union address, President Obama came up with another plan to ease the economic burden on middle-class families. No news here. In fact, he gave that same do-or-die case

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Do Treasury Yields Prove QE Had No Effect?

Monday, December 15th, 2014 by posted in Economics.
yellen

Now that the third round of quantitative easing (“QE3″) has officially ended, proponents of looser money are gleefully pointing to low U.S. Treasury yields as (apparent) proof that the Fed never had anything to do with low interest rates. Ironically,

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Down with Grumpy Cat

Monday, December 15th, 2014 by posted in Capitalism, Economics, Socialism.
grumpy_cat

“The proletarians have nothing to lose but their chains. They have a world to win. Working Men of All Countries, Unite!” – Karl Marx In our dire era of increasing economic inequality, we need a symbol for the oppression of

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Attend the Austrian Scholars Conference Feb. 20-21

Thursday, December 11th, 2014 by posted in Capitalism, Economics, Education.

Grove City College will host the eleventh annual Austrian Student Scholars Conference, February 20-21, 2015. Open to undergraduates and graduate students in any academic discipline, the ASSC will bring together students from colleges and universities across the country and around

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Denmark joins Switzerland in mad rush to destroy its currency

Wednesday, December 10th, 2014 by posted in Economics, Trade.

Denmark promises to match the ECB’s money printing craze First the normally sane Swiss promise to match the European Central Bank’s money printing mania. Now the Danes’ have succumbed to the same insane fever. These central bankers harbor the fallacious

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Hazlitt’s Logic, For Those Who Care About Freedom

Wednesday, December 10th, 2014 by posted in Capitalism, Economics.
Hazlitt-photo_teaser

[American Affairs, 1946.] Reprinted from Mises.org Here is Henry Hazlitt exercising his gift for lucidity to produce a book entitled Economics in One Lesson. If there were such a book this would be it. It deals with those “economic fallacies

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Paper Submission Alert: Austrian Economics Research Conference 2015

Tuesday, December 9th, 2014 by posted in Capitalism, Economics, Education.
Mises

The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian school, bringing together leading scholars doing research in this vibrant and influential intellectual tradition. The conference is hosted by the Mises Institute at its campus in Auburn,

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Chris Rock: Bring the Pain of Economic Ignorance

Monday, December 8th, 2014 by posted in Capitalism, Economics, Regulation.
chris-rock

Late in his life, Murray Rothbard had a law that stated: “people tend to specialize in what they are worst at.” While the aphorism is definitely true about some specialists, more often than not the reverse is accurate. Artists have

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To LIcense or Not to License

Monday, December 8th, 2014 by posted in Capitalism, Economics.
vehicle_license_img_5115

Imagine the following scenario: Two adults, both in full possession of their faculties, agree to engage in a certain interaction, which they both expect to be mutually beneficial. But this activity is fraught with risk. There is a distinct imbalance

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Will Prediction Markets Undermine State Power?

Friday, December 5th, 2014 by posted in Economics.
markets

Prediction markets are wonderful things. They apply the power of markets to elicit the best available entrepreneurial knowledge and insight, and they do so for things that ordinarily couldn’t be subject to market exchange. A steel futures market, a market

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Are these two events linked?

Friday, December 5th, 2014 by posted in Banking, Economics.

From today’s Open Europe news summary: According to documents seen by Reuters, Eurozone finance ministers are considering extending Greece’s bail-out programme, due to end this year, by six months to the middle of 2015. However, a Greek government official insisted that

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Mises and His Century

Friday, December 5th, 2014 by posted in Economics, History.
MisesLibrary (2) teaser

Reprinted from Liberty.me Over the last nine weeks, it’s been my privilege to conduct a series of weekly seminars on the main works of Ludwig von Mises (1881-1973). I thought I knew his works very well, having put them all

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The Skillful Professor Rothbard

Thursday, December 4th, 2014 by posted in Economics, Philosophy.
rothbardchalkboard_teaser

[This introduction to two essays by Murray N. Rothbard — “The Mantle of Science” and “Praxeology as the Method of the Social Sciences ” — was published in a 1979 edition published by the Cato Institute.] All in all, I

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Money and the Law

Wednesday, December 3rd, 2014 by posted in Banking, Capitalism, Economics, History.
oil249L_teaser

(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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The Rhetorical Significance of the 1920-1921 Depression

Wednesday, December 3rd, 2014 by posted in Economics.
Warren_G._Harding

Jim Grant has a new book out on the 1920-1921 depression in the United States, and the relevance it has for macro policy. (Here you can listen to Tom Woods interview Grant about the book.) Because of Grant’s book, mainstream

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