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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.

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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What Was “The Coyne Affair” ?

Monday, March 17th, 2014 by posted in Banking, Economics, History.

James Elliott Coyne would have been 104 years old this July, if he had lived past the ripe old age of 102. A lawyer by training, Coyne first joined the Bank of Canada in 1938 in the Research Department, but

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Episode 55: Predrag Rajsic – The Economy of Tito’s Yugoslavia, Delaying the Inevitable Collapse

Saturday, March 15th, 2014 by posted in Capitalism, History.

Catch one of the latest episodes of “Better Red Than Dead,” hosted by Mises Canada Executive Director Redmond Weissenberger and Predrag Rajsic. Predrag Rajsic specializes in production economics and economics of markets with substantial market exchange restrictions. His research interests

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The Failure of Keynesianism

Saturday, March 15th, 2014 by posted in Banking, Capitalism, Economics, History.

It’s hard not to agree with the old aphorism “history doesn’t repeat itself, but it does rhyme.” It’s nice to think we learn from our mistakes; yet we always seem to repeat them at some later date. Reading the daily

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The Economy of Tito’s Yugoslavia: Delaying the Inevitable Collapse

Thursday, March 13th, 2014 by posted in Economics, History, Socialism.
propala fabrika

There seems to be a resurgence of nostalgia for the “good old days” among the citizens of countries that were once known under the common name of Socialist Federal Republic of Yugoslavia.  This article is dedicated to all of us

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Sociologists Spot the Blinders of Macroeconomics

Wednesday, March 12th, 2014 by posted in Banking, Economics, History.

Sociology is the last place from which one would expect helpful insights into the workings of the Fed.   While at one time the field produced some illuminating work on economic topics — think of Max Weber’s The Protestant Ethic

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Boosting the Bust

Friday, March 7th, 2014 by posted in Banking, Capitalism, Economics, History.
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The root cause of the crisis is the credit money system Economic data suggest that the large economies around the world – the US, Europe and Japan – are working themselves out of the latest financial and economic crisis. Output

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Rothbard’s Remedy

Thursday, March 6th, 2014 by posted in Economics, History.
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Reprinted from FEE.org Economic theories don’t lend themselves to laboratory testing, so the work of a national appraisal firm is especially enlightening. A new study lends support to the Austrian business cycle theory, which says that the less government is

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Peter Boettke Interview

Wednesday, March 5th, 2014 by posted in Economics, History, Philosophy.
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Reprinted from TheBestSchools.org Austrian economics, of course, is the school of thought which holds that the free market is basically self-regulating and that the government’s role should be limited to providing a reliable and predictable legal structure within which all

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Misunderstanding Machiavelli

Tuesday, February 25th, 2014 by posted in Capitalism, Economics, History, Philosophy, Politics.

An op-ed page discussion of Niccolo Machiavelli’s The Prince is the last place to expect another bit of carping about present-day inequalities of wealth. But that’s what the Toronto Star presented its readers today in a mini-symposium commemorating the 500th anniversary of

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Stalin’s Apologists

Tuesday, February 25th, 2014 by posted in Capitalism, History.
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It’s a sad fact of the world today that there are people still enamored with the murderous rule of socialist tyrant Joseph Stalin. There are various groups around the world dedicated to washing the blood from his hands and transforming

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Say’s Law and the Permanent Recession

Monday, February 24th, 2014 by posted in Capitalism, Economics, History.
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Mainstream media discussion of the macro economic picture goes something like this: “When there is a recession, the Fed should stimulate. We know from history the recovery comes about 12-18 months after stimulus. We stimulated, we printed a lot of


Mises and Schumpeter: Friendly Rivals?

Tuesday, February 18th, 2014 by posted in Economics, History, Philosophy.
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Reprinted from Mises.org Ludwig von Mises and Joseph Schumpeter are the most famous economists trained by the older Austrian School, although generally Schumpeter has received the lion’s share of attention.[1] This is especially true, for example, in the field of entrepreneurship.

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Turning Their Backs on Sweden’s Welfare State

Wednesday, February 12th, 2014 by posted in Capitalism, History, Regulation.
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Reprinted from Circle Bastiat As noted by e.g. Reason.com, Yahoo! News recently reportedthat Swedes are increasingly turning their backs on their globally lauded utopian welfare state. While very little known, Sweden’s welfare state “worked” through the early 1970s thanks to deliberately preserving

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The President and the Bomb

Tuesday, February 11th, 2014 by posted in Foreign Policy, History, Law.

It’s funny how war makes you appreciate real acts of courage. Valor in wartime is usually reserved for the men and women who fight on the front lines. The generals who direct action from overseas are also given a fair

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Conrad Black’s Faulty Economic History Lesson

Sunday, February 9th, 2014 by posted in Economics, History.

Conrad Black has a capacious knowledge of history, which often makes for an enjoyable read of his regular Saturday column in the National Post. This Saturday, however, Black’s attempt to put the current economic recovery, as sluggish as that has been

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Johann Gutenberg: Genuine Inventor and Benefactor of Mankind

Friday, January 31st, 2014 by posted in Capitalism, Economics, History.
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Reprinted from Strike-the-Root.com In a previous essay, NASA, the Aerospace Welfare Queen, we explored what happens when technology is grafted onto big-government militarism and the bread-and-circuses mentality of the state. The result? The kind of scientific ‘achievement’ described by Ayn Rand


My letter to the NY Times re: Reviving New Deal Fallacies

Thursday, January 30th, 2014 by posted in Capitalism, Economics, History, Politics, Regulation.

Re: Confronting an Old Problem May Require a New Deal, by Eduardo Porter Dear Sirs: Mr. Porter recently trotted out every discredited economic idea of the New Deal, from Keynes’ fallacious idea of permanent, structural unemployment to the fallacious idea

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The New Republic’s Guilt by Association

Monday, January 27th, 2014 by posted in Civil Liberties, History, Philosophy.

Plenty of ink has been spilled on the Edward Snowden leaks, and government leaks in general. Opinions on the bespectacled whistleblower run the gamut between savior and treacherous cretin. Libertarians and progressives love the guy. Political elites loathe him. California

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