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The Minimum Wage “Experiments”

Tuesday, June 16th, 2015 by posted in Economics.

Noah Smith is excited about the recent minimum wage decisions in certain U.S. cities: This is why I’m so happy about the $15 minimum wage that is being phased in in cities such as Los Angeles, Seattle, and San Francisco.

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Krugman and Yglesias Get Tough With the Bankers–After It Doesn’t Matter

Monday, June 15th, 2015 by posted in Economics.

Matt Yglesias recently praised the “heterodox” policies in Iceland, and Paul Krugman endorsed the sentiment. Both of them pose as champions of the little guy, willing to take on the canons of orthodox finance and stick it to the bankers.

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Krugman Loves Deficits, So Long as They’re From Democrats

Thursday, June 11th, 2015 by posted in Economics.

Some things in life are very dependable. The sun rises in the east, water flows downhill, and Paul Krugman thinks balancing the budget during a recession or weak recovery is a terrible idea. Indeed, on this last point, recall Krugman’s

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“Green” Policies Don’t Make Economic Sense Even on Their Own Terms

Monday, June 1st, 2015 by posted in Economics, Environment.

When confronting the typical proponents of “green” government policies, the free-market economist must make a strategic decision: Since most of these recommended (and often, actually implemented) State measures make no sense even on their own terms, one course of action

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June Mises Meet!

Monday, June 1st, 2015 by posted in Uncategorized.

June is here, spring is in full swing, the NSA isn’t allowed to spy anymore… what could be better? I’ve got an idea: How about getting together with your fellow liberty lovers for drinks, food, and discussion? Come on out

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My letter to the Financial Times, London re: Do bank regulations actually work?

Friday, May 29th, 2015 by posted in Banking, Regulation.

Re: Banks face pushback over surging compliance and regulatory costs Re: ECB warns of risks posed by shadow banking sector Dear Sirs: Nowhere in your excellent article about shareholder concern over whether banks are spending their regulatory compliance money wisely

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John Nash’s Equilibrium Concept in Game Theory

Friday, May 29th, 2015 by posted in Economics.

With the tragic deaths (in a taxi accident) of John Nash and his wife, people have been explaining Nash’s contributions to the general public. The single best piece I’ve seen so far is this one by John Cassidy. However, even

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How Does It Know?

Wednesday, May 27th, 2015 by posted in Economics, Methodology.

IMF Says China’s Currency No Longer Undervalued The International Monetary Fund announced on Tuesday that for the first time in over a decade China’s currency is no longer undervalued (SCMP). U.S. policymakers have long criticized China’s artificial weakening of the renminbi,

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Walter Block Responds on Negative Interest Rates

Tuesday, May 26th, 2015 by posted in Banking, Economics.

I thank this author: Bhansali, Vineer. 2015. “Look at Negative-Yielding Bonds as Insurance.” May 20; for mentioning an old publication of mine: Block, Walter E. 1978. “The Negative Rate of Interest: Toward a Taxonomic Critique,” The Journal of Libertarian Studies: An Interdisciplinary

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“Utility” in Economics vs. “Happiness” in Normal Conversation

Monday, May 25th, 2015 by posted in Economics.

In my last blog post here at Mises CA, I picked up on a dispute over interpersonal utility comparisons that involved some prominent free-market economists. David R. Henderson (whose side I had taken) linked to my post with approval at

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Can We Compare People’s Utilities?

Friday, May 22nd, 2015 by posted in Economics.

There has been a flareup in free-market economist circles over the issue of “interpersonal utility comparisons.” First Tyler Cowen wrote a post that took it for granted that a rich man got less utility from an extra dollar than a

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My letter to the NY Times re: Why laid off American workers can’t find jobs

Re: The Perils of Globalization Dear Sirs: I believe that Binyamin Appelbaum may have unwittingly answered his own question about why American workers who lose their jobs–as illustrated by the former Maytag employees in Galesburg, Illinois–have such a difficult time

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Greeks get Mercedes and BMW’s; Germans get depreciating euros

Monday, May 18th, 2015 by posted in Banking, Economics.

Re: Where Greeks Are Stashing Their Cash Ludwig von Mises characterized the third and final stage of a currency’s collapse, where people are desperate to exchange their currency for almost anything of real value, as a “crack up boom”. Notice

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Leading German Keynesian Economist Calls For Cash Ban

Sunday, May 17th, 2015 by posted in Banking, Capitalism, Civil Liberties.

Reprinted from Zerohedge.com It’s official: the world has gone central-planner crazy. Monetary policy, whether in the form of “conventional” methods such as the micromanagement of policy rates or so-called “unconventional” measures such as QE, has proven utterly ineffective when it

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The War on Cash Destroys a Small Entrepreneur

Friday, May 15th, 2015 by posted in Banking, Capitalism, Economics, Regulation.

Reprinted from LewRockwell.com Lyndon McClellan is a small entrepreneur who owns and operates L & M Convenience Mart in Fairmont, North Carolina.  L & M comprises a gas station, convenience store, and a small restaurant serving hot dogs, hamburgers, and catfish

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May Mises Meet!

Thursday, May 14th, 2015 by posted in Events.

It’s time for the alliterative May Mises Meet! This only happens twice a year, so make sure you can make it out! Come on out to the Pauper’s Pub for Mises Canada’s monthly meet up on Tuesday, May 19 at

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Do Critics Think Walmart Water Bottles Fall From the Sky?

Tuesday, May 12th, 2015 by posted in Economics.

The latest outrage concerning the California water drought–the economics of which I explain in this short YouTube video–is that Walmart is earning an unconscionable profit in bottling and reselling water back to California residents. Here’s a RawStory summary of a

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Was It Carly Fiorina’s Job to Create Jobs at Hewlett-Packard?

Monday, May 11th, 2015 by posted in Economics.

It caused quite a chortle in political circles when Republican presidential nominee Carly Fiorina’s campaign team failed to lock-down an important website. Specifically, a critic of Fiorina grabbed CarlyFiorina.org and used it to condemn the massive layoffs she oversaw while

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Trade Autarky: Do It For the Children!

Thursday, May 7th, 2015 by posted in Economics, Trade.

Walking out of the grocery store today I saw this sticker:   What was impressive about this sentiment is that it doesn’t even focus on a trade deficit. No, just the brute fact of buying imports per se is (apparently)

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The problem isn’t overproduction; it’s malinvestment

Tuesday, May 5th, 2015 by posted in Capitalism, Economics, Socialism.

Mr. Max Ehrendfreund, writing in the Washington Post’s Wonkblog, believes that he has discovered something new: that the world is producing too much and doesn’t know what to do with it. His solution, of course, is to confiscate the overproduced

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