mises

What Gave Bitcoin Its Value?

Tuesday, September 9th, 2014 by posted in Banking, Capitalism, Economics.
bitcoin_teaser

Reprinted from the Freeman Many people who have never used bitcoin look at it with confusion. Why does this magic Internet money have any value at all? It’s just some computer thing that someone made up. Consider the criticism of

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Does the World Need a World Bank?

Tuesday, September 2nd, 2014 by posted in Banking, Capitalism, Economics.
worldbank-tea

[Ludwig von Mises on Money and Inflation (2010)] As a medium of exchange, the situation of money is different from that of other commodities. If there is an increase in the quantity of other commodities, this always means an improvement of

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You Can’t Run an Economy with Spreadsheets

Monday, September 1st, 2014 by posted in Capitalism, Economics, Regulation.
spreadsheet-tea

Reprinted from Mises.org Argentina’s economic minister, Axel Kicillof, has become famous for his assertion that it is possible to centrally manage the economy now because we have spreadsheets such as Microsoft Excel. This assertion comes from the mistaken view that

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Check out Mises Cuba

Monday, August 25th, 2014 by posted in Economics, Education.
mises_cuba

Mises Institutes are popping up all over the world! A recent article at Forbes highlighted this worldwide movement. Check out one of the newest: Mises Cuba!

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Ludwig von Mises: Inspiring Think Tanks Across The Globe

Wednesday, August 20th, 2014 by posted in Uncategorized.
mises canada

There is a great article that is worth checking out over at Forbes by Alejandro Chafuen on the numerous Mises instutes that have popped up around the world since the founding of The Mises Institute USA in 1982. The free enterprise

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The Empirical Nature of the Praxeological Method

Tuesday, August 19th, 2014 by posted in Uncategorized.
prax

The praxeological method has long been a category of Austrian economics that brings great interest to me. Originally, it was the “shiny” aspects of the school that drew me to Austrianism. Business cycle theory is just one such example. However,

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The State’s Worst Atrocity

Wednesday, August 13th, 2014 by posted in Capitalism, Foreign Policy, History.
british-trench teaser

Reprinted from LewRockwell.com “The lamps are going out all over Europe,” Sir Edward Grey famously said on the eve of World War I. “We shall not see them lit again in our lifetime.” It was 100 years ago this week

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Life Insurance: Seceding from the System?

Thursday, July 31st, 2014 by posted in Banking, Economics.
life-insurance teaser

Reprinted from FEE.org Most Americans implicitly assume that the financial system has always worked the way it does now. Although they may have a vague knowledge that the U.S. dollar used to be tied to gold, they can’t really imagine

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Mises Canada’s Emerging Scholar Program

Thursday, July 24th, 2014 by posted in Announcements, Education.
RothbardChalkboard

Do you like to write about the economy? Does central banking get you down? Do you have career ambitions in academia or finance? Do you like to write about economics? Then apply to Mises Canada’s Emerging Scholar Program! The Emerging

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The Rebirth of Austrian Economics

Wednesday, July 9th, 2014 by posted in Economics, History, Philosophy.
South_Royalton_Vermont teaser

Reprinted from Liberty.me Forty years ago, during the week of June 15-22, 1974, the Austrian School of Economics was reborn during a conference in the small New England town of South Royalton, Vermont. Why was this important? Because the economists

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The Rise of Capitalism

Thursday, June 19th, 2014 by posted in Capitalism, History.
industrial_revolution teaser

[Liberty & Property (2009)] Reprinted from Mises.org The precapitalistic system of product was restrictive. Its historical basis was military conquest. The victorious kings had given the land to their paladins. These aristocrats were lords in the literal meaning of the word,

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The Impossibility of Negative Interest Rates

Tuesday, June 10th, 2014 by posted in Banking, Capitalism, Economics.
ecb

Central bankers must be getting desperate. After the futile effort to boost the global economy via synchronized money printing en masse, they are doubling down on the same failed policy. Now it’s no longer enough to produce endless supplies of

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The Ten Catch-22s: Regulation of Natural Monopoly Utilities

Monday, May 19th, 2014 by posted in Capitalism, Economics, Regulation.
public-utilities-bg

“No alleged ‘fact finding’ and no armchair speculation can discover another price at which demand and supply would become equal. The failure of all experiments to find a satisfactory solution for the limited-space monopoly of public utilities clearly proves this

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Capitalism with Dr. George Reisman

Wednesday, April 30th, 2014 by posted in Capitalism, Economics.
reismansmall

Reprinted from Online Trading Academy John O’Donnell’s guest today is Dr. George Reisman. He is a Pepperdine University Professor Emeritus of Economics and author of Capitalism: A Treatise of Economics. He was a personal student of Ludwig von Mises under

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Entrepreneurship: The Driving Force of the Economy

Friday, April 25th, 2014 by posted in Capitalism, Economics.
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Author of The Capitalist and the Entrepreneur, Peter Klein has published numerous books and articles on entrepreneurship from an Austrian perspective. Dr. Klein, who is executive director and Carl Menger Research fellow at the Mises Institute, was interviewed in late

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Deflation & Liberty (Pt. 5)

Tuesday, April 15th, 2014 by posted in Economics.
deflation-and-liberty

Inflation in the form of fractional-reserve banking and fiat money is ultimately a self-defeating practice. It bears in itself the germs of its own destruction and, as we shall see, deflation is the essential vehicle of this destruction. We can

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Deflation & Liberty (Pt. 4)

Monday, April 14th, 2014 by posted in Economics.
deflation-and-liberty

How would money be produced in a free society? Let us first observe that the fact that the quantity of money is irrelevant for the wealth of a nation must not be confused with the ideal of stabilizing the quantity

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Deflation & Liberty (Pt. 3)

Friday, April 11th, 2014 by posted in Economics.
deflation-and-liberty

[This article is excerpted from Deflation & Liberty] From the standpoint of the commonly shared interests of all members of society, the quantity of money is irrelevant. Any quantity of money provides all the services that indirect exchange can possibly

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Deflation & Liberty (Pt. 2)

Thursday, April 10th, 2014 by posted in Economics.
deflation-and-liberty

[This article is excerpted from Deflation & Liberty] When it comes to matters of money and banking, all practical political issues ultimately hinge on one central question: Can one improve or deteriorate the state of an economy by increasing or

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Deflation & Liberty (Pt. 1)

Wednesday, April 9th, 2014 by posted in Economics.
deflation-and-liberty

[This article is excerpted from Deflation & Liberty] The twentieth century has been the century of omnipotent government. In some countries, totalitarian governments have established themselves in one stroke through revolutions—apparently a bad strategy, for none of these governments exists

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