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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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Do Treasury Yields Prove QE Had No Effect?

Monday, December 15th, 2014 by posted in Economics.

Now that the third round of quantitative easing (“QE3″) has officially ended, proponents of looser money are gleefully pointing to low U.S. Treasury yields as (apparent) proof that the Fed never had anything to do with low interest rates. Ironically,

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Down with Grumpy Cat

Monday, December 15th, 2014 by posted in Capitalism, Economics, Socialism.

“The proletarians have nothing to lose but their chains. They have a world to win. Working Men of All Countries, Unite!” – Karl Marx In our dire era of increasing economic inequality, we need a symbol for the oppression of

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Krugman’s Uncertainty

Thursday, December 11th, 2014 by posted in Banking, Capitalism.

Attending the “Managing the Economy: Main Street, Wall Street and the Federal Reserve” on 9th December 2014, I was able to hear Dr Paul Krugman speak on issues of monetary policy and fiscal policy. Fiscal policy was deemed irrelevant early

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Attend the Austrian Scholars Conference Feb. 20-21

Thursday, December 11th, 2014 by posted in Capitalism, Economics, Education.

Grove City College will host the eleventh annual Austrian Student Scholars Conference, February 20-21, 2015. Open to undergraduates and graduate students in any academic discipline, the ASSC will bring together students from colleges and universities across the country and around

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How Far are you Willing to Go?

Wednesday, December 10th, 2014 by posted in Civil Liberties, Law, Philosophy.

When I was in college (at the progressive stronghold Oberlin College in Ohio), the most profound influence I received was the tutelage of philosophy professor Tim Hall, a libertarian whose area of expertise was ethics. In his Philosophy and Values

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Denmark joins Switzerland in mad rush to destroy its currency

Wednesday, December 10th, 2014 by posted in Economics, Trade.

Denmark promises to match the ECB’s money printing craze First the normally sane Swiss promise to match the European Central Bank’s money printing mania. Now the Danes’ have succumbed to the same insane fever. These central bankers harbor the fallacious

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Paper Submission Alert: Austrian Economics Research Conference 2015

Tuesday, December 9th, 2014 by posted in Capitalism, Economics, Education.

The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian school, bringing together leading scholars doing research in this vibrant and influential intellectual tradition. The conference is hosted by the Mises Institute at its campus in Auburn,

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Chris Rock: Bring the Pain of Economic Ignorance

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

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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To LIcense or Not to License

Monday, December 8th, 2014 by posted in Capitalism, Economics.

Imagine the following scenario: Two adults, both in full possession of their faculties, agree to engage in a certain interaction, which they both expect to be mutually beneficial. But this activity is fraught with risk. There is a distinct imbalance

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Will Prediction Markets Undermine State Power?

Friday, December 5th, 2014 by posted in Economics.

Prediction markets are wonderful things. They apply the power of markets to elicit the best available entrepreneurial knowledge and insight, and they do so for things that ordinarily couldn’t be subject to market exchange. A steel futures market, a market

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Are these two events linked?

Friday, December 5th, 2014 by posted in Banking, Economics.

From today’s Open Europe news summary: According to documents seen by Reuters, Eurozone finance ministers are considering extending Greece’s bail-out programme, due to end this year, by six months to the middle of 2015. However, a Greek government official insisted that

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Hong Kongers vs. Mainlanders

Thursday, December 4th, 2014 by posted in Politics.

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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The Rhetorical Significance of the 1920-1921 Depression

Wednesday, December 3rd, 2014 by posted in Economics.

Jim Grant has a new book out on the 1920-1921 depression in the United States, and the relevance it has for macro policy. (Here you can listen to Tom Woods interview Grant about the book.) Because of Grant’s book, mainstream

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Democracy or The Rule of Law

Tuesday, December 2nd, 2014 by posted in Politics.

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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John H. Dunn & The Financial Crisis of 1837

Sunday, November 30th, 2014 by posted in History.

It would be a grave mistake to neglect the financial crisis behind the Upper Canadian Rebellion of 1837 [1]. In the first half of the 19th century, Upper Canada was an economically-backward British colony. British money funded the roads, canals

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On the Swiss Gold Referendum

Sunday, November 30th, 2014 by posted in Banking, Capitalism, Economics.

The Swiss gold initiative has come and gone. It can be summarized as much ado about nothing. Even if it had passed, the initiative would have had no real impact on the Swiss National Bank’s ability to print money or

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The Continuing Story of Involuntary Servitude

Sunday, November 30th, 2014 by posted in Civil Liberties, Law.

The word slavery conjures up the most horrific images of evil and injustice in modern mind, on par with just about any other atrocity we can imagine. And rightly so. Nothing interferes with the fundamentally human right to control ones

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Krugman: “Sticky Wages I Win, Flexible Wages You Lose”

Sunday, November 30th, 2014 by posted in Economics.

The fun thing about Paul Krugman is that you often can use his own charts against him. For a recent example, consider the issue of “sticky wages.” One of the typical complaints against a hardline “the market always clears” position

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