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Stealth Inflation

Tuesday, March 25th, 2014 by posted in Banking, Capitalism, Economics, History.

Central bankers have managed to obscure the effects of money printing. But market efficiency gains can’t hide the problems forever.    Six years into recovery and the economy worldwide is punk, despite central bankers’ belief they can inject just the

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Creating Unemployment and Poverty

Tuesday, March 25th, 2014 by posted in Capitalism, Economics, Politics, Regulation.

From today’s Open Europe news summary: In an interview with Die Welt, Jean-Claude Juncker, the EPP’s candidate for European Commission President, argues, “As Europeans we have been active in many areas except for social policy where we have taken a

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Anthropomorphizing the Banking System

Tuesday, March 25th, 2014 by posted in Banking, Capitalism, Economics.

Re: European Officials Reach Deal on Failed-Bank System The European Union’s attempt to create one bank regulator with the power to shut down and bailout problem banks will fail, because it does not address the cause of generalized bank failures. 

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The Unemployment Mirage

Tuesday, March 25th, 2014 by posted in Capitalism, Economics.
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The rate of unemployment is one of the key metrics by which we tend to judge the health of an economy. If unemployment is low, we tend to say that the economy is strong. If unemployment is high, we conclude

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The Connection Between George Orwell and Friedrich Hayek

Tuesday, March 25th, 2014 by posted in Capitalism, Economics.
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Reprinted from Reason.com I’m inclined to think of George Orwell and F. A. Hayek at the same time. Both showed great courage in writing the truth, undaunted by the consequences awaiting them. Both valued freedom, though they understood it differently.

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Intellectual Property and Comparative Advantage

Monday, March 24th, 2014 by posted in Capitalism, Economics, Intellectual Property.
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People like Intellectual Property laws because they do not grasp how we, ourselves, are beneficiaries of other people’s productivity. We have a tendency to sue and chase after people who “stole ideas”. We praise “originality” and demonize copying, because we

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Culture in a Cage

Monday, March 24th, 2014 by posted in Economics, History.
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Reprinted from FEE.org Recently, three children from a little-known forest tribe in India approached a nearby village and asked to join their school. The teachers, however, were forbidden by law from admitting the kids. This is because the Indian government prohibits regular

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Don’t Believe In Free-Market Medicine? Have You Ever Seen the Inside of a Venezuelan Supermarket?

Sunday, March 23rd, 2014 by posted in Capitalism, Economics.
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Reprinted from RayHarvey.org It was in early autumn of 1989 that the drunkard Boris Yeltsin, soon-to-be president of the Soviet Union, visited, for the first time in his life, a supermarket in Houston, Texas. Not long afterward, in his autobiography Against

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The LEGO Movie Is AWESOME

Saturday, March 22nd, 2014 by posted in Economics, Education, Politics.
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I held off on writing this review to avoid giving (mild) spoilers to the parents who were taking their kids anyway. But now that the initial rush is over, I want to tell fans of liberty that the box office

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Mises Canada on Power Trading Radio

Saturday, March 22nd, 2014 by posted in Capitalism, Economics.
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Redmond Weissenberger, Director of Ludwig von Mises Institute of Canada, joins John O’Donnell and Merlin Rothfeld for a look at a wide variety of topics including the Fed, , Socialism, Health care, housing markets, trading partners, and how Austrian Economics

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Hazlitt’s Timeless Wisdom

Friday, March 21st, 2014 by posted in Banking, Capitalism, Economics, History.

CNBC’s Rick Santelli used his “Santelli Exchange” segment on March 14th to highlight the wisdom of Hazlitt’s Economics in One Lesson written in 1946. The financial network’s tea party rabble rouser and sparring partner to economist Steve Liesman said, Warren

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Is China Going to Back Its Currency With Gold?

Friday, March 21st, 2014 by posted in Economics.
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For years, hard-money enthusiasts (and critics of the Fed) have been wondering why a major world power doesn’t back its own currency with gold (or a broader collection of commodities), in order to unseat the US dollar as the world

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Overthrowing Smith & Marx: Profits, Not Wages, as the Original and Primary Form of Labor Income

Friday, March 21st, 2014 by posted in Capitalism, Economics, History.
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Remarks at the Conferral of Honorary Doctorate from Universidad Francisco Marroquin, July 9, 2013 A video of the degree ceremony appears at http://newmedia.ufm.edu/reismandoctoraldegree The author wishes to note that a full and comprehensive development of the foundations of this article and its

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A Faux Fix for Traffic Congestion in Toronto

Thursday, March 20th, 2014 by posted in Capitalism, Economics, Environment, Politics, Regulation.

Re: Proposal to ban cars every other day in Toronto Traffic congestion in certain cities is being met in the traditional ineffective, statist way; i.e., don’t fix it; just make it illegal by prohibiting cars to enter the city every

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Inflation Then and Now

Thursday, March 20th, 2014 by posted in Banking, Economics, History.
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Reprinted from Pembroke Daily Observer The struggle between the National Union of Mineworkers under Arthur Scargill and the government of the United Kingdom under Margaret Thatcher began thirty years ago this past week. The miner’s strike of 1984-1985 is remembered

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Episode 57: Detlev Schlichter – Paper Money Collapse

Wednesday, March 19th, 2014 by posted in Economics, History.
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Catch one of the latest episodes of Better Red Than Dead, starring Mises Canada Executive Director Redmond Weissenberger and economist Detlev Schlitcher. Detlev S. Schlichter is an Austrian School economist and author. His book Paper Money Collapse – The Folly of Elastic

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Detlev Schlichter: Economics and the a priori: In defense of Ludwig von Mises

Wednesday, March 19th, 2014 by posted in Economics, Philosophy.
Detlev Schlichter: Economics and the a priori: In defense of Ludwig von Mises

On Tuesday 11th March, Detlev Schlichter gave a on “Economics and the a priori: In defense of Ludwig von Mises” to the Libertarian Alliance in London.

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Mises on Al Jazeera on the Basic Income

Wednesday, March 19th, 2014 by posted in Announcements, Economics.

I’m going to be Al Jazeera English Thursday, March 20th at 3:30 pm EST to discuss the merits of the basic income–live!   Tune in, or find the livestream here: http://www.aljazeera.com/watch_now/   Ash Navabi is a student at Ryerson University.

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A Typical Day in Europe: getting a handout or desiring autonomy

Wednesday, March 19th, 2014 by posted in Civil Liberties, Economics, Politics.

(My comments in italics below the news reports) From today’s Open Europe news summary: The Greek government reached a deal with the EU/IMF/ECB Troika yesterday, paving the way for the next disbursement of €10bn in bailout funds, which Greece hopes

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The High Price of Delaying the Default

Wednesday, March 19th, 2014 by posted in Banking, Capitalism, Economics.
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Reprinted from Mises.org Credit is a wonderful tool that can help advance the division of labor, thereby increasing productivity and prosperity. The granting of credit enables savers to spread their income over time, as they prefer. By taking out loans,

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