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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.
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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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Banks Can Perform Their Two Functions With 100% Reserves

Thursday, August 21st, 2014 by posted in Banking, Economics.
teller

In a recent post at Forbes, John Tamny made some very strong claims against the Austrian School. In the present post, I want to push back on just one of his points (though I think there are several problems with

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Gold versus Fractional Reserves

Thursday, August 21st, 2014 by posted in Banking, Capitalism, Economics.
goldt

[This article originally appeared in The Freeman, May 1979.] The present worldwide inflation has done, and will continue to do, immense harm. But it may eventually lead to one great achievement. It may make it possible to restore (or perhaps it

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The Most Ethically Chilling Use of a “Steady State Equilibrium” I’ve Ever Seen

Wednesday, August 20th, 2014 by posted in Economics.
Everest

On the one hand, I obviously understand that economist Scott Sumner is being whimsical in this recent blog post where he offers “A utilitarian defense of reckless young men.” Yet on the other hand, Sumner’s analysis is horribly flawed, in

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Who Cares for Toronto’s Sidewalks?

Wednesday, August 20th, 2014 by posted in Capitalism, Economics, Environment, Law, Politics, Regulation.

In Toronto an important debate is starting to stir about who controls the sidewalks – the city or the owners of the adjacent properties. Sparking this debate is a bicycle owner, Lisa Ferguson, who thought her bike was stolen when

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World War One and the End of the Bourgeois Century

Wednesday, August 20th, 2014 by posted in Capitalism, Civil Liberties, Economics, History.
wwit

Reprinted from Mises.org Last week (two weeks ago – ed. note) marked the 100 Anniversary of the beginning of World War I. That war, which produced over 37 million casualties, not counting the related famines and epidemics that came in the

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Does Sexism Explain Dry Cleaning Prices?

Tuesday, August 19th, 2014 by posted in Capitalism, Economics.
Dry Cleaner

A recent Vox article claimed in its title: “Dry cleaners charge women more, and it matters more than you realize.” Yet as with most of these analyses, the discussion ignores basic principles of economics. Rather than viewing an initially surprising

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