Economics  RSS Feed

Privatize Outer Space!

Friday, March 28th, 2014 by posted in Economics.
firefly

“The Planetary Society” is trying to whip up public action in the United States to pressure the federal government to restore spending programs for NASA. The website tells the reader, “For decades, Jupiter’s moon Europa has cried out for exploration.

No comments yet

The wages of public control of the economy

Friday, March 28th, 2014 by posted in Capitalism, Economics, Environment, Foreign Policy, Politics.

From today’s Open Europe news summary: German Energy Minister warns that there is “no reasonable alternative” to Russian gas German Minister for Economic Affairs and Energy, Sigmar Gabriel, yesterday warned that there is “no reasonable alternative” to Russian gas imports,

No comments yet

Fiat Money and Business Cycles in Emerging Markets

Friday, March 28th, 2014 by posted in Banking, Capitalism, Economics.
world-currency teaser

Reprinted from Mises.org After the stock market collapse of 2008 and a decline of 3.4 percent for U.S. GDP in 2009, investors rushed to stash funds in emerging markets (EM) where economies were growing at a 3.1 percent annual rate.

No comments yet

The New Deal for the Youth?

Thursday, March 27th, 2014 by posted in Capitalism, Economics, Regulation.
new deal

“It’s time for Canada to offer a new deal to its young people.” That’s how the uber-liberal state worshippers at the Broadbent Institute introduced a new plan to fix the Great North’s ailing economy and boost the job prospects of

No comments yet

What can we expect from new Fed Chairman Janet Yellen?

Thursday, March 27th, 2014 by posted in Banking, Economics, Politics.

No change. Oh, you want more?  Well, OK, I suppose I can give more of an explanation than that.  Groucho Marx used to tell a joke on himself that “I wouldn’t want to belong to any club that would admit

No comments yet

Did the Government Pay for WW2 with Interest-Free Loans?

Thursday, March 27th, 2014 by posted in Economics, History.
GiveUsTheTools

Did the government of Canada use the Bank of Canada to fund World War 2 with interest-free loans? It’s a claim that is often made by the Canadian Greenbackers (or Loonies, as I like to call them). The Loonies maintain

No comments yet

Kevin Williamson of National Review channels Jean Baptiste Say

Thursday, March 27th, 2014 by posted in Economics.

Dear Sirs: In his recent essay, “To Work Is to Live”, Kevin D. Williamson gave about as nifty an explanation of Say’s Law as you will find anywhere.  We buy goods with other goods, and money is merely the indirect

No comments yet

Keynesian Myths and The Triumph of The Warfare State

Thursday, March 27th, 2014 by posted in Banking, Economics, History.
federal reserve teaser

Reprinted from LewRockwell.com Presentation by David A. Stockman to The Committee for the Republic, February 11, 2014 Flask in hand, Boris Yelstin famously mounted a tank outside the Soviet Parliament in August 1991. Presently, the fearsome Red Army stood down—an

2 comments

Cuba Woos Foreign Investors

Wednesday, March 26th, 2014 by posted in Capitalism, Economics, Socialism.

One of socialism’s last men standing, Cuba has recently softened its stance on foreign investment. In a bid to attract capital to the stagnant economy, a newly proposed foreign investment law would cut taxes on foreigners in half to 15%

No comments yet

The EU Cannot Be Reformed, Because It Does Not Honor the Rule of Law

Wednesday, March 26th, 2014 by posted in Capitalism, Economics, Law, Politics.

From today’s Open Europe news summary: Swidlicki: Clegg/Farage debate risks establishing false ‘all-or-nothing’ choice and ignoring public appetite for EU reform Writing on Liberal Democrat Voice ahead of the first EU debate between Nick Clegg and Nigel Farage tonight, Open

No comments yet

Brazil’s Slow Default

Wednesday, March 26th, 2014 by posted in Economics.

After flying high for several years, Brazil’s luck is quickly running out. Citing bad economic management and one-off accounting tricks that flattered its public finances, credit rating agency Standard & Poors has downgraded the country’s debt to BBB-, just one

No comments yet

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

1 comment

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

No comments yet

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. 

No comments yet

The Unemployment Mirage

Tuesday, March 25th, 2014 by posted in Capitalism, Economics.
OLYMPUS DIGITAL CAMERA

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

No comments yet

The Connection Between George Orwell and Friedrich Hayek

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

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.

1 comment

Intellectual Property and Comparative Advantage

Monday, March 24th, 2014 by posted in Capitalism, Economics, Intellectual Property.
Digital-Intellectual-Property

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

No comments yet

Culture in a Cage

Monday, March 24th, 2014 by posted in Economics, History.
20130311_Reidschoolsdetail

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

No comments yet

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.
supermarket

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

1 comment

The LEGO Movie Is AWESOME

Saturday, March 22nd, 2014 by posted in Economics, Education, Politics.
Chris-Pratt-Lego

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

3 comments