For whatever reason people like to associate persons, places or things with certain days of the year. The first weekend in May, for example, is Jane’s Walk – a celebratory stroll around your community as if you were a tourist.
Cyprus and the reality of banking: Deposit haircuts are both inevitable and the right thing to do
Republished from detlevschlichter.com I, too, was shocked yesterday morning. Not so much by the news that depositors at Cypriot banks would face a haircut, or a ‘levy’ or a ‘tax’, on their deposits as a contribution to yet another Eurozone bailout
So Much for Deposit Insurance
The Cypriot people are in an uproar and very rightly so. While the details may yet change, the government of Cyprus is proposing a tax on depositors as part of a bailout package to save the country’s banks. Deposits of
Wenzel on the filibuster
Robert Wenzel is out with an important analysis on the Rand Paul filibuster. Bottom line: this was a very strategic, highly sophisticated move, and couldn’t have been done without careful planning and coordination from the upper echelons. The fact that
The Mao Jones Industrial Average
CNBC and other financial media outlets are pumping (pun lethally intentional) the DJIA’s hitting of its former all-time record today. As I posted on Twitter earlier, a look at the unemployment, income, GDP, and other such economic measures underlying this record
Greenpeace & UNEP – Cozy Under the Bedcovers
Republished from No Frakking Consensus Greenpeace envisions a new system of global governance – in which unaccountable UN bureaucrats gain “real powers.†The United Nations Environment Programme (UNEP) publishes a magazine called Our Planet. The February 2013 edition may be downloaded here.
The Evil Bastard Krugman
Republished from Economic Policy Journal Paul Krugman is at it again. He writes this morning (my highlight): Substance aside — not that substance isn’t important — Austrian economics very much has the psychology of a cult. Its devotees believe that they have access
Rudi Mogl vs. Kingston Bureaucrats
In September of 2011 I moved to Kingston, Ontario. I lived there for a year, first in the suburbs, then downtown, then in the Queens University “student ghetto.†I particularly liked the last two spots due to their close proximity
A Romantic Boom and Bust
Reprinted from Mises.org As a single, 21-year-old guy living in north Florida, I have found it hard to pick up girls by talking about economics. Perhaps it was an overdose of supply-and-demand charts in high school, but any mention of
Lobbing the First Hand Grenade
Reprinted from PeterCEarle.com …in the knife fight known as the global currency war is Venezuela, which just an hour ago announced that it would devalue its Bolivar Fuerte (looking rather débil today) to 6.30/dollar from 4.30/dollar. In one move, consumer purchasing power has
An Obituary to Critical Thinking
I miss my friend Jacob, God bless his soul. Don’t worry, he’s not dead—though he might as well be. He is, what my brother would classify as “POW: Prisoner of Woman.†Jacob’s present state prevents him from engaging in the
The Sniper and Sanctity of War
Now that he is totally unleashed from the burden of campaigning for a seat in the den of thieves known as Congress, former representative Ron Paul recently took to the social media network Twitter to speak on the death of
Mises Meet in Toronto this Tuesday!
If you’re in the Toronto area, come out to the Pauper’s Pub this Tuesday, February 5th, at 7 p.m.! Come meet other Austrian- and libertarian-minded people in the city and share your gripes against fiat money and passion for private
Argentina Freezes Supermarket Prices To Halt Soaring Inflation; Chaos To Follow
Reposted from Zero Hedge Up until now, Argentina’s descent into a hyperinflationary basket case, with a crashing currency and loss of outside funding was relatively moderate and controlled. All this is about to change. Today, in a futile attempt to halt inflation,
Under Sound Money, Everyone Understands Monetary Theory
Understanding today’s convoluted domestic and international fiat monetary system frankly requires a great deal of time and study. One must understand fractional reserve banking, which requires that one understand the concept of fractional reserves and the way this system affects
Nassim Taleb on Reason TV
A must see interview with Nassim Taleb Published on 20 Jan 2013 Nassim Nicholas Taleb is a former trader and hedge fund manager, a best-selling author, and a groundbreaking theorist on risk and resilience. Taleb drew wide attention after the 2007
Madmen, Intellectuals, and Academic Scribblers
Saturday, January 19, 2013 10:00AM-4:00PM Co-hosted with the Institute for Liberal Studies. This free, one-day will feature author and economist Edward Lopez talking about his new book “Madmen, Intellectuals, and Academic Scribblers: The Economic Engine of Political Change.” We’ll also
Bundesbank Official Statement On Gold Repatriation
Republished from Zerohedge.com When we first heard about it, we thought Handelsblatt had gotten something very wrong. The implications were just so staggering. Turns out the news was spot on. Here is the official announcement from the Bundesbank, which roundly
R.I.D.E. as an Ineffective Solution to Drunk Driving
The traditional clamor of family gatherings, feasts and gift exchanges that accompany the Holiday Season have of late been augmented by local and regional police squads with the widespread application of R.I.D.E. Â The “Reduce Impaired Driving Everywhere” (R.I.D.E.) program, which




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