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Ludwig von Mises: Scholar, Creator, Hero Part 1

Tuesday, September 1st, 2015 by posted in Economics, History.
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Reprinted from Mises.org The purpose of this essay is to discuss and celebrate the life and work of one of the great creative minds of our century. Ludwig von Mises was born on September 29, 1881, in the city of

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Capitalists Have a Better Plan

Monday, August 31st, 2015 by posted in Capitalism, Economics.
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Reprinted from the Freeman To early 20th-century intellectuals, capitalism looked like anarchy. Why, they wondered, would we trust deliberative, conscious guidance when building a house but not when building an economy? It was fashionable among these socialist intellectuals to espouse

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The implications of a reduction of Chinese holdings of US government debt

Sunday, August 30th, 2015 by posted in Economics, Politics.

Dear Readers, Below is my response to a reader of my blog, who asked about the implications of China reducing its holdings of US treasury debt. Pat Barron Dear Lawrence, I think that in the simplest terms, China is exiting

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What Happened to (the price) of my Beer?

Thursday, August 27th, 2015 by posted in Capitalism, Economics.
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Introduction Brief contemporary and historical examples of the unintended consequences and effects price controls have on goods, services, people and societies in general.   Canada, and more specifically the Province of British Columbia, is home to beautiful natural landscapes such as mountains,

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The Slow-Motion Financial Suicide of the Roman Empire

Wednesday, August 26th, 2015 by and posted in Banking, Capitalism, Economics.
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Reprinted from the Freeman More than 2,000 years before America’s bailouts and entitlement programs, the ancient Romans experimented with similar schemes. The Roman government rescued failing institutions, canceled personal debts, and spent huge sums on welfare programs. The result wasn’t

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When Work Is Punished: The Ongoing Tragedy Of America’s Welfare State

Tuesday, August 25th, 2015 by posted in Capitalism, Economics.
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Reprinted from Zerohedge.com Wage growth – or a persistent lack thereof – has become something of a hot topic in America. Thanks to the nationwide push for a higher pay floor (personified by mobs of angry fry cooks demanding $15/hour

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How the 1% Provides the Standard of Living of the 99%

Monday, August 24th, 2015 by posted in Capitalism, Economics.
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This essay originally appeared on Dr. Reisman’s blog on October 19, 2011, under the title “How a Highly Productive and Provident One Percent Provides the Standard of Living of a Largely Ignorant and Ungrateful 99 Percent.” It was subsequently included

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My letter to The Times, London re: Legal tender laws protect unsound money

Thursday, August 20th, 2015 by posted in Economics, Law, Politics, Regulation.

Dear Sirs: I will not take the time required to refute point-by-point Mr. Ed Conway’s latest attack upon a gold-backed currency. It is obvious that he is completely ignorant of monetary theory and history. Rather, I will ask Mr. Conway

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Down with Legal Tender Part 1

Thursday, August 20th, 2015 by posted in Banking, Capitalism, Economics.
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[This article is excerpted from chapters 4, 5, and 6 ofDenationalisation of Money: the Argument Refined.] When one studies the history of money, one cannot help wondering why people should have put up for so long with governments exercising an

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L’externalité, le bien public, et l’intervention de l’État

Wednesday, August 19th, 2015 by posted in Capitalism, Economics, Education.

Un argument classique en faveur de l’intervention de l’État dans l’économie consiste à stipuler qu’il faut corriger les « échecs du marché ». Sans grande surprise, les économistes contemporains en dénombrent plusieurs. Je veux ici présenter deux exemples analytiquement similaires de ces

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Henry Hazlitt: Journalist of the Century Part 2

Tuesday, August 18th, 2015 by posted in Economics, History, Politics.
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This speech was delivered at a Mises Institute Conference commemorating Henry Hazlitt, held on November 28, 1994, in New York City. Reprinted from Fee.org The Times Years Hazlitt was only the editor for a short while, before he decided to

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Henry Hazlitt: Journalist of the Century Part 1

Monday, August 17th, 2015 by posted in Economics, History, Politics.
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This speech was delivered at a Mises Institute Conference commemorating Henry Hazlitt, held on November 28, 1994, in New York City. Reprinted from Fee.org Henry Stuart Hazlitt wrote brilliantly and presciently for more than eight decades on culture, government, economics,

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Austrians vs. The World On Canadian Fiscal Austerity

Thursday, August 13th, 2015 by posted in Economics.
Canadian Mon Base

I don’t know whether this is something the average Canadian discusses over coffee, but the sharp fiscal turnaround in the mid-1990s is still providing fodder for today’s economists to argue. In September 2014, I summarized the Canadian budget triumph, in

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The Market and the State

Thursday, August 13th, 2015 by posted in Economics, Politics, Regulation.
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Originally published in German in 1968. Reprinted from Mises.org For every species of animals and plants the means of subsistence are limited. Hence every living being’s vital interests are implacably opposed to those of all members of its own species.

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The End of Economic Freedom Part 2

Wednesday, August 12th, 2015 by posted in Capitalism, Economics, History.
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Reprinted from LewRockwell.com This first appeared in The Libertarian Forum, Vol III, NO.8, September, 1971 The Function of the Price System The free price system, the free fluctuation of all prices, wages, and rents, which has been so blithely destroyed

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Oh, the horror of cheaper Chinese goods!

Wednesday, August 12th, 2015 by posted in Economics, Politics, Regulation, Socialism, Trade.

Re: Cheaper Chinese Currency Has Global Impact China’s money dictators have decided to put all Chinese exports on sale, allowing people in foreign countries to buy more Chinese goods for the same amount of local currency or invest in any

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The End of Economic Freedom Part 1

Tuesday, August 11th, 2015 by posted in Capitalism, Economics, History.
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Reprinted from LewRockwell.com  This first appeared in The Libertarian Forum, Vol III, NO.8, September, 1971 On August 15, 1971, economic freedom died in America. And the terrible thing is that everybody cheered. Where was the opposition? Where are the people

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Krugman Unwittingly Makes the Case for Cutting Government Spending

Monday, August 10th, 2015 by posted in Economics.
Krugman Months Into Quarters

Ah, it was so much easier to be a Keynesian before the Internet remembered everything… From 2010 through 2013, Paul Krugman had been hitting his New York Times readers with two main points: (1) The U.S. government was irrationally turning towards fiscal

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War Is No Excuse for Socialist Planning

Monday, August 10th, 2015 by posted in Economics, Foreign Policy.
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Reprinted from the Freeman After the Soviet Union fell, just about everybody — except some humanities professors at Harvard — agreed that full-blown central planning was a bad way to produce food, cars, and television sets. However, people still seem

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Gold Prices Disprove Krugman

Friday, August 7th, 2015 by posted in Economics.
Gold vs TIPS

Recently Krugman wrote an op ed ridiculing Ron Paul titled, “The Old Man and the CPI.” (In case you don’t get the reference, he’s alluding to Hemingway.) Ron Paul has responded in this video, but I want to focus on

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