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In Defense of Uber’s Surge Pricing

Friday, January 30th, 2015 by posted in Capitalism, Economics, Regulation.
uber_pic

Reprinted from the Freeman The smartphone-coordinated ride-sharing company Uber has come under fire for charging “outrageous” prices during peak demand times. I will defend the general principle of “surge pricing,” which performs the vital social function of drawing forth supply

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A Graphical Introduction to the Austrian Business Cycle Theory

Tuesday, January 27th, 2015 by posted in Banking, Capitalism, Economics, Regulation, Uncategorized.
Bear_Stearns_in_CanaryWharf_London

A Graphical Introduction to the Austrian Business Cycle Theory By: Gaurav Mehra Twitter: @GMehra_ Email: gmehra@alumni.uwo.ca   For a pdf version of this article: Intro to ABCT – Final   Business cycles, simply put, are the fluctuations of economic growth

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Charlie Hebdo Goes Critical

Saturday, January 24th, 2015 by posted in Economics, Politics, Regulation.
france-attacks-charlie-hebdo

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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The U.S. Cannot Afford to be the World’s Police

Wednesday, January 21st, 2015 by posted in Economics, Foreign Policy, Regulation.
Cargo supplies are piled on the tarmac at the Ramstein U.S. air base in central Germany

Reprinted from the Press and Journal The recent shooting at the French satirical magazine Charlie Hebdo by Islamic extremists has reignited the debate on how to handle the threat of terrorism. The renewed talk is understandable. As horror extraordinaire H.P. Lovecraft

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Will the ECB Soon Fire Up the Printing Presses?

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

There is growing anticipation that the European Central Bank will pull the QE (quantitative easing) trigger at its upcoming meeting on January 22nd. Never mind that such an action explicitly violates article 104 of the Maastricht treaty (article 123 of

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How Reducing GDP Increases Economic Growth

Monday, January 12th, 2015 by posted in Capitalism, Economics, Politics, Regulation.
dollars-and-quarters_teaser

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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Jean-Serge Brisson vs. Canada’s Tax Collectors: A Modern Day Story of David vs. Goliath

Wednesday, December 31st, 2014 by posted in Capitalism, Economics, Regulation.
brisson_teaser

“Thus David triumphed over the Philistine with a sling and a stone; he hit the Philistine and killed him, though he had no sword in his hand.”  – 1 Samuel Chapter 17. Imagine a small businessman standing up to the

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The Economic Lessons of Bethlehem

Thursday, December 25th, 2014 by posted in Capitalism, History, Regulation.
AdorationOfTheMagi-teaes

Reprinted from LewRockwell.com At the heart of the Christmas story rests some important lessons concerning free enterprise, government, and the role of wealth in society. Let’s begin with one of the most famous phrases: “There’s no room at the inn.”

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America: Land of the Whipped and Whimpering

Tuesday, December 23rd, 2014 by posted in Civil Liberties, Foreign Policy, Regulation.
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Reprinted from Casey Research In this land of the free and home of the brave, a friend of mine wrote about an experience he had at the airport recently. Having taken his watch off to pass through the TSA scanner,

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The Austrian Case Against Economic Intervention

Monday, December 22nd, 2014 by posted in Economics, Regulation.

The basic unit of all economic activity is the un-coerced, free exchange of one economic good for another based upon the ordinally ranked subjective preferences of each party to the exchange. To achieve maximum satisfaction from the exchange each party

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In (Reluctant) Defense of Food Babe

Friday, December 19th, 2014 by posted in Economics, Regulation.

I love watching debates like this unfold. The “Food Babe,” a blogger and activist dedicated to misinforming people for fun and profit, has been making headlines, both positive and negative, for her over the top claims about food additives by

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Russia takes a page out of the Paul Volcker playbook

Tuesday, December 16th, 2014 by posted in Economics, Regulation.

From Zero Hedge: Russia Shocks With Emergency  Rate Hike The move by the Bank of Russia to drastically raise rates is the first break by a major central bank in the worldwide Keynesian dogma that lower rates are required to

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A Bit More about Equality and Liberty

Monday, December 15th, 2014 by posted in Philosophy, Politics, Regulation.
Egalitarian_and_equality_logo_teaser

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.
1861-Slave-State-Map-from-Harpers_teaser

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.
jennifer_lawrence_pic

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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Chris Rock: Bring the Pain of Economic Ignorance

Monday, December 8th, 2014 by posted in Capitalism, Economics, Regulation.
chris-rock

Late in his life, Murray Rothbard had a law that stated: “people tend to specialize in what they are worst at.” While the aphorism is definitely true about some specialists, more often than not the reverse is accurate. Artists have

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The Internet Memory Hole

Monday, December 8th, 2014 by posted in Capitalism, Civil Liberties, Regulation.
forgotton

Reprinted from the Freeman Imagine you are considering a candidate as a caregiver for your child. Or maybe you are vetting an applicant for a sensitive position in your company. Perhaps you’re researching a public figure for class or endorsing

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Freedom of the Press

Thursday, November 27th, 2014 by posted in Civil Liberties, Education, Regulation.
pressfreedom_teaser

Reprinted from The Anti-Capitalistic Mentality (1954) Freedom of the press is one of the fundamental features of a nation of free citizens. It is one of the essential points in the political program of old classical liberalism. No one has

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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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The Case Against Rent Control

Tuesday, November 25th, 2014 by posted in Capitalism, Economics, Regulation.
apartment_teaser

Reprinted from The Freeman To someone ignorant of economic reasoning, rent control seems like a great policy. It appears instantly to provide “affordable housing” to poor tenants, while the only apparent downside is a reduction in the income flowing to

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