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My letter to the NY Times re: Keynesian macro economists are confused

Wednesday, March 4th, 2015 by posted in Economics.

Re: Saving Big on Energy Bills, People Take It to the Bank, by Nelson D. Schwartz Dear Sirs: Keynesian school macro economists may be scratching their heads that the spending numbers that they hold so dear are not increasing, but

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First Call for Papers for ICPM 2015!

Tuesday, March 3rd, 2015 by posted in Announcements.

The Mises Institute of Canada, along with its scholarly publication the Journal of Prices and Markets (http://pricesandmarkets.org/), is hosting the 4th annual International Conference of Prices and Markets is being held November 6th-7th 2015 in Toronto, Ontario! Consider this announcement

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Water Rights and Chinatown

Tuesday, March 3rd, 2015 by posted in Politics, Regulation, Socialism.

Does a warning mean anything if nobody listens? With the precarious case of Lake Mead, doomsayers never seem to break the surface. For years, reports of the lake’s declining levels have popped up in the news. Yet residents of the

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Paul Krugman Is the Brian Williams of Economics Bloggers

Sunday, March 1st, 2015 by posted in Economics.

Paul Krugman knows a lot of economic theory and is a very clever writer, but you should never ever trust him to recount tales of battles between Keynesians and other schools of thought. His misrememberings in this realm are so

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Retirement at the End of a Rope

Sunday, March 1st, 2015 by posted in Uncategorized.

“They were people with great dignity,” Ivo Costamagna said of his neighbors who committed suicide in 2013. Romeo Dionisi, 62, and Anna Maria Sopranzi, 68, hanged themselves after Ms. Sopranzi’s pension evaporated. “People like Romeo would not accept charity or

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Check out John O’Donnell on Mises Weekends

Sunday, March 1st, 2015 by posted in Banking, Capitalism, Economics.

Make sure you check out investor John O’Donnell discuss applied Austrian economics and his history with Murray Rothbard on the latest Mises Weekends podcast show. You can listen here.

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Fed Independence is a Joke, So Why Not Audit?

Thursday, February 26th, 2015 by posted in Banking, Capitalism, Economics.

Reprinted from FreedomWorks A whistleblower-hating president, a bureaucrat who illegally targeted conservatives, and the former national intelligence director who lied before Congress walk into a bar. The bartender says: what can I get “the most transparent administration in history”? If

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The futility of bank regulation in a repressed monetary regime

Thursday, February 26th, 2015 by posted in Economics, Regulation.

Re: The Futility of Bank Regulation Under a Monetary Regime of Financial Repression, by Jeffrey P. Snider   I have admired the writing of Mr. Snider for some time now. His latest missive is long and detailed, but I was

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March Mises Meet!

Thursday, February 26th, 2015 by posted in Events.

It’s time for the Triple M: March Mises Meet. Are you ready? Are you prepared? Because it’s happening! Join the Ludwig von Mises Institute of Canada for our monthly meet up this Tuesday, March 24, at 7 pm, at the

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The Austrian Solution to Greece

Wednesday, February 25th, 2015 by posted in Economics, Politics, Regulation.

Arnold Kling asks economists to fill in the blank: “Greece will achieve economic success when ____” There is an answer from the Austrian perspective, but first I want to highlight some thoughts from other prominent bloggers. Option A: Paul Krugman of

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The Greek deal won’t solve anything

Monday, February 23rd, 2015 by posted in Economics, Politics, Regulation.

Since the Greek deal contains absolutely zero pro-market reforms, it won’t fix anything. Raising taxes, cutting down on tax evasion and smuggling, even if successful in raising tax revenue, simply entrench government at its current and possibly higher level. The

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My letter to the NY Times re: Why the Fed is perplexed about interest rates

Sunday, February 22nd, 2015 by posted in Economics, Regulation.

Re: Fed Appears to Hesitate on Raising Interest Rates Dear Sirs: Austrian School economists are not at all perplexed about what to do with interest rates, because our understanding of economics and especially monetary policy is superior to that of

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“Gold is a noble metal…”

Saturday, February 21st, 2015 by posted in Economics.

Re: Gold coins, at bottom of sea for millennium, go on display A wonderful little report about a recent discovery of gold coins off the coast of Israel, which confirms why gold is the premier store of value since time

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Scott Sumner and the Lead Up to the Great Recession

Wednesday, February 18th, 2015 by posted in Banking, Economics, History.

Scott Sumner poses a question, and his answer over at Econlog: 1. What would it look like if it looked as though interest rates fell for some reason other than the Fed cutting interest rates with an expansionary monetary policy?  

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Elizabeth Stoker Bruenig Fails to Take Down Libertarianism over Children’s Rights

Monday, February 16th, 2015 by posted in Law, Philosophy.

If you ever want to disrupt a room of libertarians, you should bring up the topic of children’s rights. Similar to intellectual property and private law enforcement, the rights of the smallest, most defenseless among us is contentious. It’s so

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My letter to the Philadelphia Inquirer re: Will a new bomber bring prosperity?

Sunday, February 15th, 2015 by posted in Economics.

Re: Will a new bomber bring boom times? on Page A8 of Sunday February 15, 2015 issue of Philadelphia Inquirer – Philly Edition Dear Sirs: Ignore for the moment whether or not the US actually needs a new stealth bomber, which is

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Limited Government Is Not Possible in the Interventionist State

Friday, February 13th, 2015 by posted in Uncategorized.

Would we have political liberty we must first have economic freedom, for the form of government is determined by the form of economic organization. At first blush the opposite would seem to be self-evident; i.e., that our form of government

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Pundits: Only a Crazy Person Would Doubt the Fed!

Friday, February 13th, 2015 by posted in Capitalism, Economics.

Senator Rand Paul’s recent speeches against the Fed have elicited scorn from the financial and economic blogosphere. Our technocratic wonks assure us that central banks are quite trustworthy, and only a crank or charlatan would want more accountability for the

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Perhaps Krugman’s Grandson Will Understand Government Debt

Thursday, February 12th, 2015 by posted in Economics.

Oh boy here we go again… In two recent posts, Paul Krugman has once again hoisted up a fallacy in his attempt to educate the masses on the proper way to analyze government debt. This is particularly frustrating since a

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My letter to the NY Times re: How much more government “help” can the poor withstand?

Wednesday, February 11th, 2015 by posted in Economics, Politics.

Re: Consumer Protection Agency Seeks Limit on Payday Lenders Dear Sirs: Although one loses count very quickly, government’s attacks upon the poor seem to come in three’s. First government fights the dreaded specter of deflation, meaning lower prices, by its

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