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My letter to the Wall Street Journal re: A strange definition of “good news”

Friday, July 31st, 2015 by posted in Economics.

Re: Consumers Prime the U.S. Pump Dear Sirs: Your definition of “good news” for the U.S. economy is defined as an increase in “real, or inflation-adjusted, personal-consumption expenditure”, which was driven by a “savings rate, which slipped to 4.8% from

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Central Banks and Our Dysfunctional Gold Markets

Friday, July 31st, 2015 by posted in Banking, Economics.
gold-coins-1280x960 teaser

Reprinted from Mises.org Many investors still view gold as a safe-haven investment, but there remains much confusion regarding the extent to which the gold market is vulnerable to manipulation through short-term rigged market trades, and long-arm central bank interventions. First,

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Short Memories in Las Vegas

Thursday, July 30th, 2015 by posted in Banking, Capitalism, Economics.
las-vegas-paris-hotel_teaser

Reprinted from LewRockwell.com Rates are low, the weather is hot, and builders are more active than they’ve been in years. “Groundbreakings on new homes surged 26.6% and permits to build new homes rose 30% in June compared to one year

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5 Unintended Consequences of Regulation and Government Meddling

Wednesday, July 29th, 2015 by posted in Economics, Politics, Regulation.
Washington teaser

Reprinted from the Freeman Voters frequently support measures that sound noble and beneficial but end up causing serious mischief — and often hurt the very groups the measures were intended to help. A well-known example is price controls, which include

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Keynesians Wrong About Stimulus, Coming AND Going

Tuesday, July 28th, 2015 by posted in Economics.
romer bernstein

In a previous post here at Mises CA I chronicled the hole Krugman keeps digging for himself regarding the botched warnings over the so-called “sequester” in 2013. Specifically, Krugman’s latest excuse is to say that when he argued back in

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A fourth economic fallacy about Greece

Tuesday, July 28th, 2015 by posted in Economics, Law.

Recently I posted a short essay listing three economic fallacies about the Greek crisis. The three were (1) the euro is too strong a currency for Greece, (2) debasing its own currency will allow Greece to export its way to

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The Übermensch vs. Uber & The Poor

Tuesday, July 28th, 2015 by posted in Capitalism, Economics.
UberStockholm-039_Teaser

In a previous article, I wrote about mankind’s greatest invention: The Free Market System. History has proven that there is no other system heretofore created that has generated so much wealth and prosperity for the average person. Plus, no other

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Friedrich A. Hayek (1899-1992)

Monday, July 27th, 2015 by posted in Economics.
hayek teaser

Reprinted from the Freeman Friedrich A. Hayek, who died on March 23, 1992, at the age of 92, was probably the most prodigious classical liberal scholar of the 20th century. Though his 1974 Nobel Prize was in Economic Science, his

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The Parenthood Market

Friday, July 24th, 2015 by posted in Civil Liberties, Economics, Regulation.
children

Reprinted from the Freeman Economist Abigail Hall is under fire for her defense of selling babies. A research fellow with the Independent Institute, Hall makes a case for deregulating the adoption market in a post for the institute’s website, provocatively

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Mises’s Contribution to Understanding Business Cycles

Thursday, July 23rd, 2015 by posted in Economics, History.
Home-Construction_teaser

Reprinted from Mises.org. September 29, 2014 is the 133rd anniversary of Ludwig von Mises’s birth. From The Essential von Mises: Included in The Theory of Money and Credit were at least the rudiments of another magnificent accomplishment of Ludwig von Mises:

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Greece Should Learn from Ireland

Wednesday, July 22nd, 2015 by posted in Capitalism, Economics.
greece_banks_teaser

Reprinted from the Independent Institute Greece missed its $1.8 billion loan repayment to the International Monetary Fund on June 30, and voters rejected the austerity measures creditors are demanding as the price of another bailout on last Sunday’s referendum. Greece

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Why Ludwig von Mises Admired Sigmund Freud

Tuesday, July 21st, 2015 by posted in Economics, History, Philosophy.
mises teaser

Reprinted from the Freeman Sigmund Freud has been dead 76 years. Still, his ideas are daily in the news — debated and denounced — and yet so much a part of how we think. Defense mechanisms, Freudian slips, projections, talking

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A Pseudo-Tax: Regulation of Public Utilities

Friday, July 17th, 2015 by posted in Capitalism, Economics.
Shelbyville_Public_Utilities_teaser

Introduction Every American business and household is directly and indirectly impacted by the seemingly never-ending rise in public utility prices (including airports, electricity, gas, post, public transport, rail, seaports, telecommunications, and water & sewerage). The state and federal regulation of

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Stephen Poloz’s Zen Moment

Thursday, July 16th, 2015 by posted in Economics, Politics.
stephen-poloz4

To cut or not to cut, that is the question. And fortunately for Bank of Canada Governor Stephen Poloz, it was a pretty easy question. A lagging US recovery, China’s downturn, lower oil prices and “bad weather” all contributed to

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How to Outsource Your Compassion to the Government

Thursday, July 16th, 2015 by posted in Capitalism, Economics.
homelessness teaser

Reprinted from the Freeman I saw the mom and her two little kids camped out in the shopping center parking lot. She held a sign asking for help to feed them. I bought some oranges and bananas for them. Imagine

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The Chimera of Contracyclical Policies

Wednesday, July 15th, 2015 by posted in Banking, Capitalism, Economics.
money printing teaser

[Republished from Human Action (1949)] An essential element of the “unorthodox” doctrines, advanced both by all socialists and by all interventionists, is that the recurrence of depressions is a phenomenon inherent in the very operation, of the market economy. But while

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An economic myth that just will not die

Wednesday, July 15th, 2015 by posted in Economics.

An excerpt from today’s Open Europe news summary: Luc Coene, a member of the ECB’s supervisory board and a former Belgian Central Bank Governor, told Belgian daily De Tijd that a Grexit may have been a better option, arguing, “Because

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Frédéric Bastiat Deserves a Posthumous Nobel

Tuesday, July 14th, 2015 by posted in Capitalism, Economics, History.
bastiat-pic teaser

Reprinted from the Freeman If a posthumous Nobel Prize was awarded for crystal-clear writing and masterful storytelling in economics, no one would be more deserving of it than Frédéric Bastiat (June 30, 1801–December 24, 1850). He set the standard over a

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The House Bubble: A Documentary

Monday, July 13th, 2015 by posted in Economics, History.
bubble film

The idea was simple: Track down the people who predicted the housing crash and ask them what’s next. 35,000 miles and four years later, we’re test screening our first documentary “The Bubble” and finishing editing the follow up “The Bigger

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Gold and Economic Inequality

Friday, July 10th, 2015 by posted in Banking, Capitalism, Economics.
gold silver teaser

Reprinted from Mises.org Inequality is a top news items for 2015 driven largely by the Baltimore riots, the minimum wage debate, Thomas Piketty’s bookCapital in the Twenty-First Century, and now the entry of socialist Bernie Sanders into the race for

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