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My letter to the NY Times re: New icebreakers to the Arctic for what purpose?

Thursday, September 3rd, 2015 by posted in Economics, Environment, Politics.

Re: Obama Calls for More Coast Guard Icebreakers to Gain Foothold in Arctic Dear Sirs: President Obama’s call for Congress to fund new icebreakers for the Arctic is troubling. Whereas, most nations of the world see the receding icecap as

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The implications of a reduction of Chinese holdings of US government debt

Sunday, August 30th, 2015 by posted in Economics, Politics.

Dear Readers, Below is my response to a reader of my blog, who asked about the implications of China reducing its holdings of US treasury debt. Pat Barron Dear Lawrence, I think that in the simplest terms, China is exiting

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What Individualism Is Not

Friday, August 28th, 2015 by posted in Philosophy, Politics.
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Reprinted from Mises.org The bottle is now labeled libertarianism. But its content is nothing new; it is what in the nineteenth century, and up to the time of Franklin Roosevelt, was called liberalism — the advocacy of limited government and

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My letter to The Times, London re: Legal tender laws protect unsound money

Thursday, August 20th, 2015 by posted in Economics, Law, Politics, Regulation.

Dear Sirs: I will not take the time required to refute point-by-point Mr. Ed Conway’s latest attack upon a gold-backed currency. It is obvious that he is completely ignorant of monetary theory and history. Rather, I will ask Mr. Conway

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The Man Who Almost Stopped Julius Caesar

Wednesday, August 19th, 2015 by posted in History, Politics, Regulation.
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Reprinted from the Freeman In the estimations of many historians, two men hold the honor as the most notable defenders of the Roman Republic. Marcus Tullius Cicero was one. Marcus Porcius Cato, or “Cato the Younger,” was the other. Since

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Henry Hazlitt: Journalist of the Century Part 2

Tuesday, August 18th, 2015 by posted in Economics, History, Politics.
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This speech was delivered at a Mises Institute Conference commemorating Henry Hazlitt, held on November 28, 1994, in New York City. Reprinted from Fee.org The Times Years Hazlitt was only the editor for a short while, before he decided to

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Trump: The Art of the Bureaucrat

Monday, August 17th, 2015 by posted in Mises on Policy, Politics.
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Donald Trump says America’s problems are managerial. The political class is “stupid,” and “horrible negotiators.” He can fix the country’s problems instantaneously with his own entrepreneurial ability and by drafting into government service the likes of multi-billionaire Carl Ichan. Trump

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Henry Hazlitt: Journalist of the Century Part 1

Monday, August 17th, 2015 by posted in Economics, History, Politics.
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This speech was delivered at a Mises Institute Conference commemorating Henry Hazlitt, held on November 28, 1994, in New York City. Reprinted from Fee.org Henry Stuart Hazlitt wrote brilliantly and presciently for more than eight decades on culture, government, economics,

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The Market and the State

Thursday, August 13th, 2015 by posted in Economics, Politics, Regulation.
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Originally published in German in 1968. Reprinted from Mises.org For every species of animals and plants the means of subsistence are limited. Hence every living being’s vital interests are implacably opposed to those of all members of its own species.

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Oh, the horror of cheaper Chinese goods!

Wednesday, August 12th, 2015 by posted in Economics, Politics, Regulation, Socialism, Trade.

Re: Cheaper Chinese Currency Has Global Impact China’s money dictators have decided to put all Chinese exports on sale, allowing people in foreign countries to buy more Chinese goods for the same amount of local currency or invest in any

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QE is “Not on the Table,” says Joe Oliver

Thursday, August 6th, 2015 by posted in Politics.
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In a world where central banks are given free rein over the supply of money and credit, and where any examination of these secretive institutions is considered interference with their “independence,” Finance Minister Joe Oliver’s comments about QE have not

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Orwell’s Big Brother: Merely Fiction?

Thursday, August 6th, 2015 by posted in History, Philosophy, Politics, Regulation.
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[Rothbard’s review of George Orwell’s Nineteen Eight-Four (Harcourt, 1949) appeared in Analysis, September 1949, p. 4] In recent years, many writers have given us their vision of the coming collectivist future. At the turn of the century, neither Edward Bellamy

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Don’t Call it a Recession!

Thursday, July 30th, 2015 by posted in Politics.
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“But pretty soon the word “recession” also became too harsh for the delicate sensibilities of the American public. It now seems that we had our last recession in 1957–58. For since then, we have only had “downturns,” or, even better,

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A Bankrupt Candidate for a Bankrupt Nation

Thursday, July 30th, 2015 by posted in Politics.
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“Voters vote on how they feel and what their instinct is,” Howard Dean said on Morning Joe, explaining Donald Trump’s popularity in the polls and in particular with the New Hampshire focus group that John Heilemann spoke with.  I think

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5 Unintended Consequences of Regulation and Government Meddling

Wednesday, July 29th, 2015 by posted in Economics, Politics, Regulation.
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Reprinted from the Freeman Voters frequently support measures that sound noble and beneficial but end up causing serious mischief — and often hurt the very groups the measures were intended to help. A well-known example is price controls, which include

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Stephen Poloz’s Zen Moment

Thursday, July 16th, 2015 by posted in Economics, Politics.
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To cut or not to cut, that is the question. And fortunately for Bank of Canada Governor Stephen Poloz, it was a pretty easy question. A lagging US recovery, China’s downturn, lower oil prices and “bad weather” all contributed to

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Side-Effects Include: Household Debt

Friday, July 10th, 2015 by posted in Politics.
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Bank of Canada Governor Stephen Poloz fancies himself a surgeon. He compares cutting interest rates to life-saving surgery for the economy. I consider it more like bloodletting, a terrible practice that is now widely accepted as pseudoscience. According to Canada’s

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My Advice for Greece

Monday, July 6th, 2015 by posted in Capitalism, Economics, Law, Politics, Regulation, Trade.

  Leave both the European Union (EU) and the European Monetary Union (EMU). These are very flawed institutions. In his prescient book Tragedy of the Euro, Professor Philip Bagus uses the term “misconstructed”, which I think is very descriptive of

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Millions in Brazil Follow a Teen Leader to Freedom

Thursday, June 18th, 2015 by posted in Capitalism, Economics, Politics, Regulation.
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Reprinted from the Freeman “I like a little rebellion now and then,” Thomas Jefferson famously wrote. The primary author of the Declaration of Independence and America’s third president regarded rebellion as “like a storm in the atmosphere.” It clears the

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The Principles of Liberalism in 17th-Century England

Monday, June 15th, 2015 by posted in History, Politics, Regulation.
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[Conceived in Liberty (1975)] Reprinted from Mises.org At the beginning of the 17th century, virtually all of England’s export trade consisted of unfinished woolen cloths, which were sent to the Netherlands for finishing and dyeing and to be reexported to the

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