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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


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 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 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


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 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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Give the free market a chance!

Saturday, May 2nd, 2015 by posted in Economics.

Re: US jobs relapse raises fresh doubts on Fed tightening This link to a recent Telegraph (of London) Ambrose Evans-Pritchard (AEP) report is typical of the trap that Keynesians have built for themselves. AEP well articulates their dilemma, stating: “…the


Where to Earn a Degree in Liberty

Friday, May 1st, 2015 by posted in Education.

This piece originally appeared on FEE’s “Anything Peaceful” blog In 1946, Leonard Read founded the Foundation of Economic Education because he recognized that learning is the key to advancing human liberty. The effort that Read began nearly 70 years ago

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My letter to the NY Times re: Rattle those bones, blow that smoke, and bleed the patient until he recovers!

Thursday, April 30th, 2015 by posted in Economics.

Re: Is 2% Inflation enough? Dear Sirs: As you note, the Fed has held “its benchmark rate near zero…since December 2008″, but without the result promised by econometric models. Therefore, those Keynesian economists you quote want even more money printing.

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Baltimore, D.C., and Panem All in One

Monday, April 27th, 2015 by posted in Politics, Regulation.

The teen fiction series The Hunger Games is a hit in the United States, and it’s not hard to see why. The books, and spin-off movies, share an anti-authoritarian message combined with a complicated story of young romance. What’s really

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3rd International Conference of the “Ludwig von Mises and Contemporary Societies” cycle: “LIBERALISM, POSTCOMMUNISM AND REFORMS”. Lviv, October 1-2, 2015.

Monday, April 27th, 2015 by posted in Economics.

On the initiative of the Department of Political Science and Philosophy LRIPA NAPA and other institutions a series of conferences in honor of the famous Austrian scientist, liberal thinker and our countryman Ludwig von Mises is held in Lviv. In

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My letter to the WSJ re: Austrians understand why there is a commodity glut

Saturday, April 25th, 2015 by posted in Economics.

Re: Glut of Capital and Labor Challenge Policy Makers Dear Sirs: The worldwide commodity glut is not a surprise to Austrian school economists. It is a wonderful example of the adverse consequences of monetary repression to drive the interest rate

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Do We Owe the Weekend to Labor Unions?

Thursday, April 23rd, 2015 by posted in Economics.

On Twitter the following graphic caught my eye: There are two problems with this argument, one obvious and one more subtle. The obvious problem is that it commits the post hoc ergo propter hoc fallacy. Rather than spelling out what

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Critiquing a Monetary Reform for Iceland

Wednesday, April 22nd, 2015 by posted in Banking, Economics, Politics, Regulation.

The Prime Minister of Iceland recently commissioned a report by Frosti Sigurjonsson (henceforth referred to as “Mr. S”) to recommend a better money and banking system for Iceland. (I’m sorry, but isn’t Frosti a great first name for someone from

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SDAE Call for Papers

Tuesday, April 21st, 2015 by posted in Economics.

To all Austrian-minded scholars, The Society for the Development of Austrian Economics has put out a call for papers for their November meeting in New Orleans. See the link below for details.

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When Not Getting What You Pay for is Preferred

Monday, April 20th, 2015 by posted in Foreign Policy, Regulation.

In his book Bourbon for Breakfast: Living Outside the Statist Quo, libertarian writer Jeffrey Tucker sagaciously noted that we Americans “really don’t get all the government we pay for, and thank goodness. Lord protect us on the day that we

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