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Government Spending and Regime Uncertainty

Monday, February 9th, 2015 by posted in Capitalism, Politics, Regulation.
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Reprinted from The Independent Institute In 1997, my article “Regime Uncertainty” appeared in The Independent Review. In the article, I sought to explain and elaborate on an idea that I believed, and continue to believe, helps substantially in understanding why

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The Case for Freedom

Monday, February 2nd, 2015 by posted in Philosophy, Politics.
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Reprinted from The Constitution of Liberty via The Freeman The case for individual freedom rests chiefly on the recognition of the inevitable ignorance of all of us concerning a great many of the factors on which the achievement of our ends

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I beg to differ…

Friday, January 30th, 2015 by posted in Economics, Politics.

Re: CAT CEO says strong dollar bad for US economy Here come US exporters, right on schedule, complaining that a strong national currency is bad for them and for the US economy. Not so. When a nation debases its currency

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Why the welfare state grows, and grows, and grows…

Thursday, January 29th, 2015 by posted in Law, Politics.

Re: George Will on the mushrooming welfare state Columnist George Will puts recent research into the adverse consequences of the welfare state into words that we all can understand. However, I do not think that he gets to the heart of

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Financial Myth Busting: The Bubble Economy

Monday, January 26th, 2015 by posted in Banking, Economics, Politics.
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This weekend, I had the pleasure to be a guest on the radio program Financial Myth Busting with Dawn J. Bennett. We discussed the inability or unwillingness of politicians and economists alike to learn from past mistakes, and the consequences

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Charlie Hebdo Goes Critical

Saturday, January 24th, 2015 by posted in Economics, Politics, Regulation.
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The murder of eleven employees of the Charlie Hebdo newspaper in Paris has grabbed international headlines. It was, indeed, an appalling act. Western media outlets went ballistic.  Politicians from around the world descended on Paris and locked arms in a

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Switzerland Leaves the European Monetary Union

Friday, January 16th, 2015 by posted in Banking, Economics, Politics.

Oh. You didn’t know that Switzerland was part of the European Monetary Union? You thought that the Swiss used their own currency, the Swiss franc? In a definitional sense only, you are correct. Within its monopolized currency area, the political

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From the “You can’t make this stuff up” department

Wednesday, January 14th, 2015 by posted in Economics, Politics.

From today’s Open Europe news summary: Irish Finance Minister Michael Noonan said yesterday that he would not dismiss the idea of a European conference to discuss a possible debt write-down for crisis-hit Eurozone countries such as Greece, Ireland and Spain.

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Maastricht Treaty? We don’t need no stinkin’ Maastricht Treaty!

Tuesday, January 13th, 2015 by posted in Law, Politics.

From today’s Open Europe news summary: Bank of France Governor Christian Noyer told Handelsblatt that, if the ECB were to buy government bonds, he would favour “a cap” in terms of percentage of the market which the ECB can buy. Handelsblatt Le

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How Reducing GDP Increases Economic Growth

Monday, January 12th, 2015 by posted in Capitalism, Economics, Politics, Regulation.
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Reprinted from Mises.org Recently, the Financial Times published an article containing charts displaying the correlation between government spending and real GDP growth.1 Based on these correlations, the author of the article, Matthew Klein, comments: “It’s no secret that spending cuts

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Maybe Italy should raise the minimum wage

Wednesday, January 7th, 2015 by posted in Economics, Politics.

From today’s Open Europe news summary: Preliminary estimates by the Italian national statistics office ISTAT show that Italy’s unemployment rate went up to 13.4% in November, with youth unemployment soaring to 43.9% – a new record high. La Repubblica ISTAT Il Sole

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Leftists become incandescent when reminded of the socialist roots of Nazism

Wednesday, December 24th, 2014 by posted in Economics, History, Philosophy, Politics.
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Reprinted from The Telegraph On 16 June 1941, as Hitler readied his forces for Operation Barbarossa, Josef Goebbels looked forward to the new order that the Nazis would impose on a conquered Russia. There would be no come-back, he wrote,

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Will lifting the embargo bring prosperity to Cuba?

Monday, December 22nd, 2014 by posted in Capitalism, Economics, Politics.

On December 17th, the White House announced that it would restore full diplomatic relations with Cuba. This is certainly a step in the right direction. Nevertheless, ending the American embargo on Cuba – something Mr. Obama cannot do without approval

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A Bit More about Equality and Liberty

Monday, December 15th, 2014 by posted in Philosophy, Politics, Regulation.
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Logan Albright suggests that equality is “a very, very broad term, with myriad meanings and interpretations.” But it isn’t really very broad in meaning, although its applications are indeed very wide – just as the term ‘red’ refers to the same

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Is Secession a Right?

Friday, December 12th, 2014 by posted in Philosophy, Politics, Regulation.
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Reprinted from Mises.org Grant defeated Lee, the Confederacy crumbled, and the idea of secession disappeared forever, or at least that’s what the conventional wisdom says. Secession is no historical irrelevance. Quite the contrary, the topic is integral to classical liberalism.

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Mockingjay Part I: No Romance in Revolution

Thursday, December 11th, 2014 by posted in Civil Liberties, Politics, Regulation.
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Reprinted from Liberty.me Surely there has to be a better way. That was my non-stop thought through the whole of the viewing of Mockingjay Part I, a brilliant addition to the Hunger Games series. It picks up where the last

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Kingdom Come: The Politics of the Millenium

Tuesday, December 9th, 2014 by posted in History, Philosophy, Politics.
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[First published in Liberty Magazine, 1990] Reprinted from Mises.org Christianity has played a central role in Western civilization and contributed an important influence on the development of classical-liberal thought. Not surprisingly, Christian beliefs about the “end times” are very important

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Hong Kongers vs. Mainlanders

Thursday, December 4th, 2014 by posted in Politics.
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Hong Kong has been enjoying a capitalist system since for a long time. Even after 1997, the region has kept this feature, which makes it significantly different from mainland China. However, tension between the people in Hong Kong and the

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Democracy or The Rule of Law

Tuesday, December 2nd, 2014 by posted in Politics.
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One of the most heated topics last month was the protest in Hong Kong, led by students who were later joined by other Hong Kong citizens. The main issue between the government and the protesters is the Chief Executive Election

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The Path to the Perfect Reserve Currency

Tuesday, November 25th, 2014 by posted in Banking, Economics, Politics, Regulation.

Much has been written lately, including by me, about the coming rejection of the dollar as the primary reserve currency of the world’s most important central banks. My prediction is based upon two things: one, that the Federal Reserve is

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