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Jared Bernstein Confirms That Austrians Aren’t Paranoid

Sunday, August 31st, 2014 by posted in Economics.
Dollar

For years a growing number of self-identified Austrians have been warning that the USD’s days as the world’s reserve currency are numbered. For example, I myself recently wrote: I believe that the U.S. dollar, U.S. Treasuries, and the U.S. stock

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The Cycle of Dependency Can be Broken

Sunday, August 31st, 2014 by posted in Economics, Politics.
hand for reciprocity 400 416

People respond to incentives. We all know this, and it is the basis for a great majority of economic policy decisions. The behavioralist school has increasingly argued in favor of “nudge” policies to induce people to behave as government would

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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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Contra Krugman, Europe Shows Benefit of Lean Government

Friday, August 29th, 2014 by posted in Economics.
Krugman Europe GDP Chart

The great thing about Paul Krugman is that you just need to let him tie the rhetorical noose with which he hangs himself. The funniest example is when he asked a group of Canadians in a live forum whether they liked

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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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An Intuitive Guide to Intellectual Property

Thursday, August 28th, 2014 by posted in Economics, Intellectual Property.
Macaca_nigra_self-portrait_0

These days, everyone and their mother seems to have an opinion on intellectual property. This has its positives and negatives. The positives are that the more people are aware of the issues affecting society, the more likely they are to

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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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CBO Thinks Millions of Americans Aren’t Going to Sign Up for “Affordable” Care

Tuesday, August 26th, 2014 by posted in Economics, Health Care.
CBO on Individual Mandate

In June the U.S. Congressional Budget Office (CBO) updated its forecasts regarding the “individual mandate” component of the Affordable Care Act (ACA), also known as “ObamaCare.” Recall that the individual mandate is the tax levied on Americans who commit the

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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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Check out Mises Cuba

Monday, August 25th, 2014 by posted in Economics, Education.
mises_cuba

Mises Institutes are popping up all over the world! A recent article at Forbes highlighted this worldwide movement. Check out one of the newest: Mises Cuba!

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Poloz is Gonna Leave ‘em Low

Monday, August 25th, 2014 by posted in Economics.
0524poloz

As Janet Yellen talked about the possibility of raising interest rates, Poloz’s comments followed with a definite no. We’re already bumped up to 1% and Canadian markets tend to react to American news anyway. Instead adding more speculative fire to

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The Happiness Problem

Monday, August 25th, 2014 by posted in Economics, Philosophy.
frownyface

In the ongoing march of scientism, the flawed worldview that everything in life is ultimately reducible to numbers and equations, researchers have been increasingly interested in attempting to measure people’s happiness in order to determine which economic and social policies

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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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Fifth Austrian Conference – November 17, 18th, 19th

Sunday, August 24th, 2014 by posted in Economics, Education.
Austrian_conference

Special Announcement – Fifth Austrian ConferenceWe are thrilled to inform you that –besides our outstanding list of Key Note Speakers(http://bit.ly/1BJvsFx) – the following scholars have already confirmed their presence at the FifthInternational Conference “The Austrian School of Economics in the

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CBO Keeps Reducing Its Estimate of ObamaCare Benefits

Sunday, August 24th, 2014 by posted in Economics, Health Care.
CBO Coverage Over Time

I’ve been following the wonkish analysis of the Affordable Care Act–abbreviated as the ACA or often referred to as “ObamaCare”–from the beginning. I’ve noticed that even though most Americans think it grants “universal coverage” the same way that anybody can walk

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What Does Bitcoin Mean for Austrian Money Theory?

Friday, August 22nd, 2014 by posted in Economics, Philosophy.
bagogold

Libertarians tend to agree with each other on most things. We all favor less government regulation, lower taxes, less involvement in international conflicts, and more personal freedom. There are a few areas, however, in which the movement remains sharply divided.

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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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What If We Could Sell Our Kidneys?

Friday, August 22nd, 2014 by posted in Economics, Health Care, Law, Politics, Regulation.
What If We Could Sell Our Kidneys?

According to the Kidney Foundation of Canada, one in 10 Canadians has kidney disease. Moreover, the number of Canadians being treated for kidney failure has tripled in the past two decades – and each day, 16 people are added to

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