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Ferguson’s Segregated Ruling Class

Monday, August 18th, 2014 by posted in Civil Liberties, Economics.

There might not be any easy answers to what’s going on in Ferguson, Missouri, but there are points that might make it just an extreme case of a more general problem. Some commentators have chimed in to claim that the

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Oh, no! Not lower prices!

Monday, August 18th, 2014 by posted in Economics.

From today’s Open Europe news summary: Italian Finance Minister Pier Carlo Padoan has said in an interview that the ECB “has to be consistent and bring [eurozone] inflation close to 2%…which is very far from current levels.” Separately, Handelsblatt reports that the

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Germany cannot carry Europe any longer

Monday, August 18th, 2014 by posted in Economics, Politics.

From today’s Open Europe news summary: Persson: Eurozone still an awfully long way from becoming a healthy and vibrant economic bloc In the Sunday Telegraph, Mats Persson argued that while the risk of a euro breakup has subsided, “the currency zone

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Low Interest Rates Harm Everyone

Monday, August 18th, 2014 by posted in Banking, Capitalism, Economics.

It’s not just poor pensioners who are harmed by central banks’ ultra-low interest rate targets. Governments are now also getting squeezed. Pension plans like social security rely on, historically, fixed-income investments to provide returns for the future payouts. With interest

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Elizabeth Warren and the 11 Commandments of Progressive Statism

Monday, August 18th, 2014 by posted in Capitalism, Economics.
warrent

Reprinted from LewRockwell.com Elizabeth Warren has become a true “rock star” among American Progressives, and especially among the hard-left wing of the Democratic Party, which would love for her to run for President of the United States as a candidate

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Debunking Piketty’s Capital with George Reisman

Saturday, August 16th, 2014 by posted in Capitalism, Economics.
piketty_capital

John O’Donnell and special guest George Reisman discuss Piketty’s new book Capitol in the Twenty-First Century. They discuss Reisman’s recent review of the book entitled Wrong Theory/Destructive Program. They also discuss education and its lack of substance in the U.S.

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The Economics of Immigration

Thursday, August 14th, 2014 by posted in Economics.
children-climbing-fence

In economist George Borjas’ new book Immigration Economics, he poses a problem, which, on the surface appears to be unexplainable using the tools of classical economics. The problem is this: if an increase in the supply of a good tends

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The Amazing Crash in Clothing Prices

Thursday, August 14th, 2014 by posted in Capitalism, Economics.
clothing teaser

Reprinted Liberty.me I was out shopping for a new winter coat, hopping from store to store looking for a good deal. To my astonishment, it was almost impossible not to find a good deal. Coats of a quality that once

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The Case Against a Maximum Wage

Wednesday, August 13th, 2014 by posted in Economics, Regulation.
ceiling

The minimum wage has been such a hot topic of debate over the last year or so that journalists and commentators have apparently gotten sick of it and are instead proposing still crazier ideas of ways in which the government

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No Matter Who Wins, a Sociopath Is Elected

Tuesday, August 12th, 2014 by posted in Economics, Politics.
dc_capitol teaser

Reprinted from Casey Research The midterm election season is upon us, and it’s a tossup whether the Republicans will win the Senate, or if President Obama, seemingly oblivious as conflict flares up around the world, will, through his continuous campaigning,

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Fed Fueled M & A Destroys Capital

Monday, August 11th, 2014 by posted in Banking, Economics.

The world’s central bankers have given companies the urge to merge. Merger and Acquisition (M&A) activity has already reached $2.2 trillion this year according to Thomson Reuters Deals Intelligence, up 70% from this time a year ago. The deals are

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The Greatest Thinker You’ve Never Read: Ludwig von Mises

Monday, August 11th, 2014 by posted in Economics, History, Philosophy.
MisesLibrary (1) teaser

Reprinted from Forbes Had he not passed away at the tender age of 92 in 1973, Ludwig von Mises would have turned 131 years old today. In my humble opinion, he was the greatest social thinker of the twentieth century.

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Fighting Fires

Friday, August 8th, 2014 by posted in Capitalism, Economics.
Forest-Fire teaser

Reprinted from LewRockwell.com According to Terry L. Anderson and Daniel Botkin, “Fighting Western Fires with Economics” is a good idea. Were I writing an essay with this title, I would emphasize the role of private property rights. If all forests

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Krugman Admits His Inflation Model Has Been Wrong Since Great Depression

Thursday, August 7th, 2014 by posted in Economics.
Krugman Inflation Call

Precisely because Paul Krugman and I have had an unpleasant exchange of views on the subject, I realize there is a danger in me beating a dead horse, or appearing to be making excuses, whenever I return to the topic of

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Money Doesn’t Really “Go Into” Other Financial Assets

Thursday, August 7th, 2014 by posted in Banking, Economics.
Printing Press

One of the interesting features of the U.S. economy since 2008 is that despite the tremendous increase in what’s called “the monetary base”—the quantity of dollars that the Federal Reserve directly controls—we haven’t seen a corresponding increase in consumer prices.

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I’ll punish you by starving my own people

Thursday, August 7th, 2014 by posted in Economics.

Re: Russia bans food imports from US and EU Putin has banned food imports from the US, EU, Canada, and Japan.  He is waging war against his own people in the misguided view that it is money that people desire and

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Cooperation, Not Competition!

Wednesday, August 6th, 2014 by posted in Capitalism, Economics.
capitalism1 teaser

Reprinted from FEE.org “Gym Now Stresses Cooperation, Not Competition,” blared a headline in The New York Times a decade ago. The story was about an elementary school where “confrontational” games, team sports, and elimination rounds were changed or scrapped so that differences between

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How Government Uses “Efficiency” as an Excuse to Steal

Tuesday, August 5th, 2014 by posted in Economics, Politics, Regulation.
efficient teaser

Reprinted from Mises.org Scarcity makes efficiency — getting the most value from given resources —important. The more efficient individuals are, the more they benefit from their actions. That’s why economists are always talking about efficiency. Unfortunately, some things said to

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On Krugman’s Arrogance

Monday, August 4th, 2014 by posted in Economics, Epistemology.
krugmanpic

Economist Paul Krugman’s New York Times column dropped off my reading list months ago. His conscious effort to become a kind of parody of himself, a holier-than-thou hero fighting off the scourge of ignorant free marketeers, was too much of

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Rebels Will Inherit the Earth

Monday, August 4th, 2014 by posted in Capitalism, Economics, Regulation.
rebel teaser

Reprinted from Liberty.me To get to the coolest bar in Chicago — recently voted the best new bar in the U.S. — you turn down a small alley and walk half-way down until you get to a small blue light.

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