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Regime Uncertainty and the Fallacy of Aggregate Demand

Thursday, October 4th, 2012 by posted in Economics, History, Regulation.
desert island keynesian

In a recent New York Times column, economist Paul Krugman once again took to chastising a claim he has infamously dubbed  the “confidence fairy.”  According to the Nobel laureate, the “confidence fairy” is the erroneous belief that ambiguity over future

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The BBC on F.A. Hayek


Masters Of Money: Friedrich Hayek A look at the life of Hayek and his economic views – including interviews with Peter Schiff, Bruce Caldwell, John Papola, Ron Paul and others. Jeffrey Sachs is particularly clueless… and Paul Krugman is unbearable


Climate Alarmism: Our Sanity and Wallets Need a Break

Thursday, September 27th, 2012 by posted in Capitalism, Economics, Environment, History, Regulation.
polar bear teaser

Reprinted from The Moral Liberal Pick up any 40-year-old science textbook – on chemistry, biology, geology, physics, astronomy or medicine – and you’ll find a slew of “facts” and theories that have been proven wrong or are no longer the

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The Sad Legacy of Ronald Reagan

Monday, September 24th, 2012 by posted in Capitalism, Economics, History.
Reagan legacy teaser

Article originally appeared in The Free Market–Volume VI, No. 10, October 1988.  Reprinted from Mises.org  On August 2, 1988, President Ronald Reagan announced that he had changed his mind about the pro-union plant-closing bill. He had vetoed it three months

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The Brilliant but Confused Radicalism of George Orwell

Thursday, September 20th, 2012 by posted in Civil Liberties, History.
Orwell teaser

[This article is transcribed from the Libertarian Tradition podcast episode "Eric Arthur Blair aka George Orwell (1903–1950)." Reprinted from Mises.org] Eric Arthur Blair, who is best known under his pseudonym, George Orwell, was born 107 years ago this month in

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Rothbard’s Man, Economy and State at 50

Wednesday, September 19th, 2012 by posted in Economics, Education, History.
Rothbard cartoon teaser

Reprinted from the Freeman This year marks the 50th anniversary of the 1962 publication of Murray Rothbard’s grand treatise, Man, Economy, and State (MES). I was humbled when asked to write an appreciation of this indispensable work of Austrian economics.

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Marx’s Path to Communism

Tuesday, September 18th, 2012 by posted in History.
Karl Marx teaser

[This article is excerpted from volume 2, chapter 10 of An Austrian Perspective on the History of Economic Thought (1995). An MP3 audio file of this chapter, narrated by Jeff Riggenbach, is available for download. Reprinted from Mises.org] Karl Marx,


The Bill Clinton Myth

Saturday, September 8th, 2012 by posted in Capitalism, Economics, Foreign Policy, History, Politics.
Clinton myth

Earlier this week, former U.S. president Bill Clinton gave the keynote address to the Democractic National Convention in an effort to lend some of his popularity to Barack Obama.  With the unemployment rate still stubbornly high at 8.1%, Obama has


Liberalism as a Foundation of Peace and Property

Friday, September 7th, 2012 by posted in Capitalism, History.
Port scene teaser

[This article is excerpted from Liberalism, the introduction and Chapter 1] 6. The Psychological Roots of Antiliberalism It cannot be the task of this book to discuss the problem of social cooperation otherwise than with rational arguments. But the root

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1913 by Oliver DeMille

Wednesday, September 5th, 2012 by posted in Banking, Education, History, Politics.

1913. It was the year everything changed. In his book ‘Freedom Shift‘, Oliver DeMille explained how nations go through what he calls world shifts. He explained that these shifts either put a nation on a path towards more freedom through a freedom

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Bernanke’s Blindness on the Great Depression

Monday, September 3rd, 2012 by posted in Banking, Economics, History.
Bernanke pose teaser

Reprinted from LewRockwell.com With all his scholarly study of the Great Depression, Prof. Bernanke is blind to several truly major factors that caused the Great Depression. His is a blindness that he shares with very many other economists of this

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Paul Krugman’s Mis-Characterization of the Gold Standard

Thursday, August 30th, 2012 by posted in Banking, Capitalism, Economics, History.

With a price hovering around $1,600 an ounce and the prospect of “additional monetary accommodation” hinted to in the latest meeting of the Federal Reserve’s Federal Open Market Committee, gold is once again becoming a hot topic of discussion. George

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Letter to the Liberals

Tuesday, August 28th, 2012 by posted in Civil Liberties, History.
peace teaser

Written in 1896, this letter is available in Tolstoy On Civil Disobedience and Non-Violence. Note by Translator:  This letter was addressed to a Russian lady who wrote to Tolstoy asking his advice or assistance when the “Literature Committee,” Komitet Gramotnosti,

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The Dialetic of Destruction

Monday, August 27th, 2012 by posted in Economics, History.
Marx teaser

[This article is excerpted from volume 2, chapter 10 of An Austrian Perspective on the History of Economic Thought (1995) Reprinted from Mises.org] Some might protest that, in our discussion of communism, we have not mentioned the feature that is

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Canada’s One Month Republic

Monday, August 20th, 2012 by and posted in History.
Canada Republic Flag teaser

Reprinted from the Institute for Liberal Studies Despite our love of a gut-wrenching body-check, Canadians are some­times thought of as nice folks who embody “peace, order, and good government,” happy to have the government as both our nanny and our


Henry Kissinger on Gold

Tuesday, August 14th, 2012 by posted in History.
Henry Kissinger teaser

The following are reprinted minutes from then-Secretary of State Henry Kissenger‘s Principals and Regionals Staff Meeting which took place on Washington, April 25, 1974, 3:13–4:16 p.m. Reprinted from the U.S. Department of State Office of the Historian. [Omitted here is

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Quebec, The Sick Man of Canada

Friday, August 3rd, 2012 by posted in Capitalism, Civil Liberties, History, Politics, Socialism.
Quebec, The Sick Man of Canada

In this edition of the Austrian A/V Club, we interview Marie-Josee Loiselle, Fellow at the Montreal Economic Institute and Director of MJ Economics about the bankrupt social democratic welfare state known as Quebec. http://www.mj-economics.com/ Redmond is the director of the

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Free Your Minds and Free Our Beer!

Friday, August 3rd, 2012 by posted in Civil Liberties, History, Law, Lifestyle, Politics.
give us beer

Ask a person on any street in most countries of the world—including those Westerners consider unfree and undemocratic—whether theirs is a free society, and chances are the answer will be in the affirmative. It is a curious phenomenon, yet a


Another nail in the coffin of the “Peak Oil” myth

Tuesday, July 31st, 2012 by posted in Capitalism, Economics, Environment, History, Trade.
Another nail in the coffin of the “Peak Oil” myth

From the UK Telegraph (H/T: the Daily Bell) So much for peak oil. According to a fascinating new study by Leonardo Maugeri of the Belfer Center for Science and International Affairs at the the John F Kennedy School of Government,

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Scaling Back the State as a Solution to Gun Violence

Saturday, July 21st, 2012 by posted in History, Law, Regulation.
gun ban

The news of a masked gunman opening fire on movie theater goers in Aurora, Colorado during the premier of The Dark Knight Rises has predictably reignited calls for increased gun control laws.  New York City Mayor Michael Bloomberg immediately called