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Patrick Barron interviewed re: The Greek Crisis

Friday, July 3rd, 2015 by posted in Banking, Capitalism, Economics, Socialism.
Patrick Barron interviewed re: The Greek Crisis

Patrick Barron: The Greek Crisis and the Impossibility of the Euro Published on Jul 2, 2015 Jeff Deist and Patrick Barron discuss European integration, which pits creditor nations like Germany against hapless debtors like Greece under the yoke of the

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La subvention et le calcul économique

Thursday, July 2nd, 2015 by posted in Economics, Politique.

1.Le calcul économique Dans une économie complexe, la monnaie, les échanges, et la propriété privée des moyens de production permettent le calcul économique. Ainsi, un entrepreneur saura s’il a alloué avec succès les ressources productives à sa disposition en comparant

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The Logic of Interventionism, or How to Wake up in a Prison

Wednesday, July 1st, 2015 by posted in Capitalism, Economics.
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Reprinted from Acting-man.org Archaic Financial Freedom The mainstream press is still full of articles about the alleged evils of cash, which we regard as a typical “trial balloon” launched by the powers-that-be. The way this works is that they get

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Glenn Greenwald and civil libertarians’ ‘double paradigm’ syndrome

Tuesday, June 30th, 2015 by posted in Civil Liberties, Economics, Foreign Policy.
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Those who value privacy intended as respect of individual property rights, for example in one’s own communications, will forever be in debt of Edward Snowden. And even those who today don’t value privacy will be. Snowden is the great hero

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UberPop: une “Pétition des fabricants de chandelles” version 2015

Thursday, June 25th, 2015 by posted in Economics, Politique, Regulation, Socialism, Uncategorized.

Avec tout le saccage que les conducteurs de Taxi furieux contre Uber Pop ont causé aujourd’hui à Paris. Rien ne vaut la célèbre satire du protectionnisme de Frédéric Bastiat pour nous remémoré l’absurdité de cette politique. Alors sans plus tarder,

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Krugman on 2013: Heads He’s a Scientist, Tails You’re a Jerk

Thursday, June 25th, 2015 by posted in Economics, Uncategorized.
krugman vs austerians

Oh boy. Paul Krugman keeps digging himself into a deeper hole with his botched 2013 austerity predictions. In this post, as a service to future archeologists, I want to (a) document Krugman’s shamelessness but (b) also explain that his excuses

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Hayek on the Business Cycle

Thursday, June 25th, 2015 by posted in Banking, Economics.
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[Introduction to Prices and Production and Other Works by F.A. Hayek. Reprinted from Mises.org] Friedrich A. Hayek was barely out of his twenties in 1929 when he published the German versions of the first two works in this collection, Monetary

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Greece illustrates 150 years of socialist failure in Europe

Wednesday, June 24th, 2015 by posted in Capitalism, Economics, Socialism.

Greece cannot pay its debts…ever. Nor can several other members of the European Union. That’s why Europe’s elite are loath to place Greece in default. If Greece is allowed to abrogate its debts, why should any of the other debtor

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To Taylor, Love Freedom

Tuesday, June 23rd, 2015 by posted in Economics, Intellectual Property, Music.
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Dear Taylor Swift, You recently wrote an open letter to Apple, Inc. (To Apple, Love Taylor) where you spelled out your decisions on why you will not be allowing them to stream your album, 1989, without paying you for the

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The Dutch West India Company

Tuesday, June 23rd, 2015 by posted in Economics, History, Regulation.
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[This article is excerpted from Conceived in Liberty. Reprinted from Mises.org] The Dutch West India Company began operations in 1623, and in the same year the first party of permanent Dutch settlers landed in the New World — apart from

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Robert Reich Shills for $15 Minimum Wage

Monday, June 22nd, 2015 by posted in Economics.
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Former Clinton Labor Secretary Robert Reich has teamed up with MoveOn.org to produce a series of YouTube videos outlining “Ten Big Ideas to Save the Economy.” Each video has Reich giving a 2:30 pitch for the idea in question, armed

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Cyclical Changes in Business Conditions

Friday, June 19th, 2015 by posted in Banking, Economics.
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This article is excerpted from The Causes of the Economic Crisis and Other Essays Before and After the Great Depression, chapter 3, part II, “Cyclical Changes in Business Conditions.” The Role of Interest Rates In our economic system, times of

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Austrian Business Cycle Theory: Answering the Critics

Thursday, June 18th, 2015 by posted in Banking, Capitalism, Economics.
Austrian Business Cycle Theory: Answering the Critics

According to the economists of the Austrian School, artificial credit expansion is the primary factor behind the business cycle. Critics have tried to poke holes in the theory, but David Howden shows those holes are just an illusion. https://www.youtube.com/watch?v=oVR79OJgGvA&feature=youtu.be

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Hidden In Fannie and Freddie

Thursday, June 18th, 2015 by posted in Banking, Economics.
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With another financial crisis fast approaching the cause of the ‘08 crash hasn’t been settled. Austrians generally line up on the side of the all-powerful Fed having lowering interest rates below what the market would produce, sending capital into malinvestments:

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Millions in Brazil Follow a Teen Leader to Freedom

Thursday, June 18th, 2015 by posted in Capitalism, Economics, Politics, Regulation.
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Reprinted from the Freeman “I like a little rebellion now and then,” Thomas Jefferson famously wrote. The primary author of the Declaration of Independence and America’s third president regarded rebellion as “like a storm in the atmosphere.” It clears the

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The Ultimate Disorganizing Organization Part 2

Wednesday, June 17th, 2015 by posted in Banking, Economics.
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[Testimony before US House Committee on Financial Services Domestic Monetary Policy and Technology Subcommittee, May 8, 2012] Do We Need a Central Bank? Without a central bank, how can a monetary system work? Don’t we need a central bank to

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The Minimum Wage “Experiments”

Tuesday, June 16th, 2015 by posted in Economics.
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Noah Smith is excited about the recent minimum wage decisions in certain U.S. cities: This is why I’m so happy about the $15 minimum wage that is being phased in in cities such as Los Angeles, Seattle, and San Francisco.

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The Ultimate Disorganizing Organization Part 1

Tuesday, June 16th, 2015 by posted in Banking, Economics.
Federal Reserve teaser

[Testimony before US House Committee on Financial Services Domestic Monetary Policy and Technology Subcommittee, May 8, 2012] I specialize in the economic theory of organizations — their nature, emergence, boundaries, internal structure, and governance — a field that is increasingly

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Krugman and Yglesias Get Tough With the Bankers–After It Doesn’t Matter

Monday, June 15th, 2015 by posted in Economics.
Yglesias

Matt Yglesias recently praised the “heterodox” policies in Iceland, and Paul Krugman endorsed the sentiment. Both of them pose as champions of the little guy, willing to take on the canons of orthodox finance and stick it to the bankers.

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The Government and the Currency

Thursday, June 11th, 2015 by posted in Banking, Capitalism, Economics.
currency teaser

[Human Action (1949)] Reprinted from Mises.org Media of exchange and money are market phenomena. What makes a thing a medium of exchange or money is the conduct of parties to market transactions. An occasion for dealing with monetary problems appears to

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