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My letter to the NY Times re: Please, make me unemployed!

Friday, April 17th, 2015 by posted in Economics, Politics, Regulation.

Re: In test for unions and politicians, a nationwide protest on pay Dear Sirs: I find it incredible that anyone, especially the vaunted New York Times, would treat with respect the fallacious concept that pay can be set arbitrarily–and enforced

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Final Application Deadline for Rothbard U and Non-Student Registration News

Monday, April 13th, 2015 by posted in Announcements, Events.

July 15-18, 2015 Causal-Realist Economics, for the Real World. Toronto, ON “It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it

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Don’t Forget the Reasons People Don’t Believe in Your Social Cause

Monday, April 13th, 2015 by posted in Epistemology, History, Politics.

When it comes to Austrian economist and political thinker Friedrich Hayek, conservatives and libertarians are at odds. While conservatives like Hayek’s opposition to big government, they may disagree with his views on social progress. In the same vein, libertarians agree

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Will the New Banking Proposals in Iceland Save it from Economic Instability?

Monday, April 13th, 2015 by posted in Banking, Capitalism, Economics, Politics.

A recent proposal out of Iceland has been making the waves around economics blogosphere. In it, Frosti Sigurjonsson critiques the current fractional-reserve banking system and proposes instead a system he calls “Sovereign Money”. But what is “sovereign money”, how is

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CA Drought Fault of Capitalism, If We Ignore Economics and Math

Tuesday, April 7th, 2015 by posted in Economics, Environment.

Once again, the popularity of the Facebook page “US Uncut” should make everybody consider moving to Canada. Regarding Governor Jerry Brown’s mandatory water restrictions in the state of California, the US Uncut page posted the following graphic (and accompanying text)

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Tuesday April 28: April Mises Meet in Toronto!

Tuesday, April 7th, 2015 by posted in Events.

Even though it’s April, it’s still cold and snowy out. Come warm up with the Mises Institute of Canada at our monthly Mises Meet, on Tuesday April 28 at 7 pm! This month we have another presentation by our old dear friend

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My recent interview on Power Trading Radio

Friday, April 3rd, 2015 by posted in Banking, Capitalism, Economics, Politics, Regulation, Socialism.

  Banking Expert: Germany Should Leave the European Union April 3rd, 2015 Patrick Barron is a consultant to the banking industry. He teaches Austrian school economics at the University of Iowa and Bank Managemant Simulation for the Graduate School of

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What’s so great about the new Asian Infrastructure Investment Bank?

Thursday, April 2nd, 2015 by posted in Banking, Capitalism, Economics.

Recently a friend sent me the updated Wikipedia link about the newly formed Asian Infrastructure Investment Bank that has been in the news so much, mostly gathering glowing endorsements that this is a great undertaking.   http://en.wikipedia.org/wiki/Asian_Infrastructure_Investment_Bank Asian Infrastructure Investment

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Earth Hour: A Dissent

Monday, March 30th, 2015 by posted in Banking, Environment.

In 2009 I was asked by a journalist for my thoughts on the importance of Earth Hour. Here is my response. I abhor Earth Hour. Abundant, cheap electricity has been the greatest source of human liberation in the 20th century.

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How money creation threatens hyperinflation

Sunday, March 29th, 2015 by posted in Economics.

In order to understand the relationship between money creation and the price level, we first need to get some definitions straight. To Austrians the terms inflation and deflation refer to money and not prices. There is no doubt that money

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My letter to the NY Times re: New Pay Day Loan regs will hurt the working poor

Sunday, March 29th, 2015 by posted in Economics, Regulation.

Re: Agency wants to rein in payday loans Dear Sirs: Often payday lenders are the last tool of the working poor to forestall having utilities cut off, having a car repossessed (which can lead to losing one’s job), or even

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The Motte and Bailey Doctrine in Mainstream Economics

Friday, March 27th, 2015 by posted in Economics, Epistemology, Uncategorized.

A “motte and bailey doctrine” is a style of argument (and informal fallacy) that’s based on a motte-and-bailey castle. The bailey is a big courtyard and where people live and work and generally want to be. The motte is a mound

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My letter to the NY Times re: Setting the record straight on changes to the price level

Thursday, March 26th, 2015 by posted in Economics.

Re: Eurozone Business Growth Nears 4-year High, by David Jolly Dear Sirs: Once again one of your reporters repeats the mantra that there is a “…problem of declining consumer prices…in the eurozone…”. Problem for whom? Changes in the price level

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How the Education System Destroys Social Networks

Wednesday, March 25th, 2015 by posted in Capitalism, Education.

Reprinted from the Freeman I was at a restaurant for lunch and had time to visit with the waitress, who turns out to be a college graduate from a good institution. She has a degree in European languages. Here she

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A Waste of Time

Tuesday, March 24th, 2015 by posted in Economics, Politics, Socialism.

From today’s Open Europe news summary: Bundesbank proposes new European fiscal authority to replace European Commission Germany’s Bundesbank proposed in its monthly report yesterday to create “a new European fiscal authority which, in the style of independent national fiscal councils,

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BIS Slams The Fed: The Solution To Bubbles Is Not More Bubbles, It Is Avoiding Bubbles In The First Place

Tuesday, March 24th, 2015 by posted in Uncategorized.

Reprinted from Zero Hedge On one hand there are hard-core Keynesians who will wave the flag of inflation as the only cure to a world drowning in debt, even after the mushroom cloud results of their policies going off around

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My letter to the NY Times re: Time for an editorial board reassessment

Monday, March 23rd, 2015 by posted in Economics.

Re: Japan’s Recovery Is Complicated by a Decline in Household Savings, by Jonathan Soble Dear Sirs: Mr. Soble (and your editorial board, I’m sure) can’t seem to make up his mind whether Japan should spend its way to prosperity or

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Why We Should Use the Word “Taxpayer”

Monday, March 23rd, 2015 by posted in Politics, Regulation, Socialism.

Elizabeth Stoker Bruenig has been on a tear lately. Her near-constant attacking of libertarians has brought her “vertically-integrated digital media company” a good deal of traffic. For this I say: congrats! Mrs. Bruenig, you’re as enterprising as the capitalist robber

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Robert Reich Literally Doesn’t Understand the First Thing About Price of Labor

Sunday, March 22nd, 2015 by posted in Economics, Education.

Young people might think of Robert Reich as an annoying guy on the Internet who amasses an astonishing number of Likes and Re-Tweets, considering the number of fallacies in his social media posts. And yet, he actually has an impressive resume, having

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My letter to the NY Times re: Mr. Kuroda has put the cart before the horse

Friday, March 20th, 2015 by posted in Economics.

Re: Japan’s Central Bank Warns of Temporary Return to Deflation Dear Sirs: BOJ governor Kuroda and his supporters should question the very foundation of their beliefs that inflation is “…crucial to rekindling growth…” and that “a ‘deflationary mindset’ is behind

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