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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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John Bugas: G-Man, Ford Executive, Misesian?

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

John Bugas and Consumer Sovereignty The economist Ludwig von Mises made the notion of “consumer sovereignty” a key plank in his economic analysis and defense of the market economy. John Bugas, a colorful character who rounded up “public enemies” for

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On The Fallacy of “We Make Too Much”

Tuesday, February 10th, 2015 by posted in Capitalism, Economics.

Murray Rothbard had a saying about economics: “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 is totally irresponsible to

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Wrong policies for Greece

Monday, February 9th, 2015 by posted in Economics, Politics.

From today’s Open Europe news summary: Greek PM refuses to change course ahead of crucial week of meetings with Eurozone partners “…Greek Prime Minister Alexis Tsipras…reiterated his plan to increase the minimum wage, halt privatisations, reopen closed public broadcaster ERT

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The real interpretation of high German exports

Monday, February 9th, 2015 by posted in Economics.

From today’s Open Europe news summary: German exports hit record high in 2014 German exports hit a record-high of €1.13 trillion in 2014, a 3.7% increase from 2013, the Federal Statistics Office announced on Monday. German imports increased by 2%

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Private Property the Only Solution to Vaccine Controversy

Sunday, February 8th, 2015 by posted in Civil Liberties, Economics.

A measles outbreak in the U.S. has prompted a national debate over vaccinations, a debate that quickly turned ugly because both sides think they are protecting their children from harm. Some parents say that they should have the right to

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Getting Serious About Keeping Children Safe

Friday, February 6th, 2015 by posted in Civil Liberties.

The following is a work of satire. A recent outbreak of measles has concerned citizens questioning how we can protect the lives of innocent children from neglectful, or even downright abusive, parents. Some have argued that vaccination should be mandatory,

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February Mises Meet with Pierre Desrochers!

Wednesday, February 4th, 2015 by posted in Events.

Love is in the air… and so is the smell of Liberty! Join the Ludwig von Mises Institute of Canada and special guest Professor Pierre Desrochers for our monthly meet up this Tuesday, February 17, at 7 pm, at the

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Reconciling Marginal Productivity Theory With Zero Profits in Equilibrium

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

This post will be an exercise in microeconomics which I hope interests and enlightens. A reader thought he had found a contradiction in Rothbard’s treatise, Man, Economy, and State, regarding how workers are paid and what happens in long-run equilibrium.

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