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PhD-Standard Monetary Crack Up

Saturday, January 24th, 2015 by posted in Banking, Economics, History.

The hills are alive with the panic of central bankers. First there was the fallout from the Swiss National Bank’s decision to unshackle the Franc from the Euro. Then, how much Q Mario Draghi put with his E. It turns

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Get ready for negative interest rates in the US

Saturday, January 24th, 2015 by posted in Banking, Economics.

Re: Dollar rise puts Fed under pressure I predict that the Fed will start charging negative interest rates on bank reserve accounts, which will ripple through the markets and result in negative interest rates on savings at banks. I make

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Thom Hartmann’s Bogus Tax History

Wednesday, January 21st, 2015 by posted in Economics.

I’ve seen some pretty crazy things from the Facebook page “U.S. Uncut,” but recently I saw their reprint of some “facts” from Thom Hartmann that had more than 60,000 shares. This particular billboard was so absurd that I felt compelled

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The U.S. Cannot Afford to be the World’s Police

Wednesday, January 21st, 2015 by posted in Economics, Foreign Policy, Regulation.

Reprinted from the Press and Journal The recent shooting at the French satirical magazine Charlie Hebdo by Islamic extremists has reignited the debate on how to handle the threat of terrorism. The renewed talk is understandable. As horror extraordinaire H.P. Lovecraft

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Vancouver Mises Meet!

Friday, January 16th, 2015 by posted in Announcements.

Mises is headed to Vancouver this weekend to attend the Vancouver Resource Investment Conference! Come join us and your fellow Austrians for an evening of stimulating discourse and spectacular views of Stanley Park, Lions Gate Bridge, Coal Harbour and the

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Switzerland Leaves the European Monetary Union

Friday, January 16th, 2015 by posted in Banking, Economics, Politics.

Oh. You didn’t know that Switzerland was part of the European Monetary Union? You thought that the Swiss used their own currency, the Swiss franc? In a definitional sense only, you are correct. Within its monopolized currency area, the political

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A *Defender* of Piketty Damns With Faint Praise

Friday, January 16th, 2015 by posted in Economics.

I previously blogged about my new paper (with GMU’s Phil Magness) critiquing the empirical contribution of Thomas Piketty’s bestseller, Capital in the 21st Century. Our paper recently became the #1 downloaded (in the last 60 days) on the Social Science

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From the “You can’t make this stuff up” department

Wednesday, January 14th, 2015 by posted in Economics, Politics.

From today’s Open Europe news summary: Irish Finance Minister Michael Noonan said yesterday that he would not dismiss the idea of a European conference to discuss a possible debt write-down for crisis-hit Eurozone countries such as Greece, Ireland and Spain.

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Maastricht Treaty? We don’t need no stinkin’ Maastricht Treaty!

Tuesday, January 13th, 2015 by posted in Law, Politics.

From today’s Open Europe news summary: Bank of France Governor Christian Noyer told Handelsblatt that, if the ECB were to buy government bonds, he would favour “a cap” in terms of percentage of the market which the ECB can buy. Handelsblatt Le

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The worst that can happen to you for committing a nonviolent marijuana crime, around the World

Tuesday, January 13th, 2015 by posted in Capitalism, Civil Liberties, Education, Law, Lifestyle, War on Drugs.

Everyone knows different countries treat drugs differently. For example, if you get caught buying or selling a large amount of marijuana in Canada, you’re probably not going to get your head chopped off by the government–but in Saudi Arabia, that is the law.

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The Quick Summary of My Paper (With Magness) on Piketty

Monday, January 12th, 2015 by posted in Economics.

Phil Magness, a historian at George Mason University, and I have a new paper critiquing the empirical contribution of Thomas Piketty’s runaway bestseller, Capital in the Twenty-First Century. Because Piketty is such a hot topic right now, FoxNews and some

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Commodity Booms and Busts

Sunday, January 11th, 2015 by posted in Economics.

An article in The Globe and Mail details the woes of a Labrador mining town that has been crushed by the collapse in iron ore prices: “The Wabush mine…is shutting down along with another iron ore mine called Bloom Lake in

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Mises Canada Continuing Education

Sunday, January 11th, 2015 by posted in Announcements.

It’s no secret that Mises Canada exists in order to educate the Canadian public about Austrian Economics.  What you may not know is that we regularly teach courses on this subject across the country. When did this start? You ask,

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Austrian Economics and Math

Sunday, January 11th, 2015 by posted in Economics.

Several people have sent me this curious blog post by Brian Albrecht, who is a PhD econ student at Minnesota and (this academic year) an Adam Smith Fellow at GMU. The post is titled, “Study Math, My Austrian Friends” and

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The CCF’s 2015 Law and Freedom Conference

Saturday, January 10th, 2015 by posted in Uncategorized.

    Those interested in Canadian Law and Individual Freedom might be interested in attending this conference that will be held in Toronto next weekend – Find out more here http://theccf.ca/2015conference/ The Canadian Constitution Foundation is pleased to announce the return

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Uber and Basic Economics

Thursday, January 8th, 2015 by posted in Capitalism, Economics.

Last year, the car-sharing service Uber had the privilege of being a prime target of the capitalist-loathing left. Not only did the company challenge traditional barriers to entry established by government-friendly cartels, but it earned the distrust of the mainstream

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Maybe Italy should raise the minimum wage

Wednesday, January 7th, 2015 by posted in Economics, Politics.

From today’s Open Europe news summary: Preliminary estimates by the Italian national statistics office ISTAT show that Italy’s unemployment rate went up to 13.4% in November, with youth unemployment soaring to 43.9% – a new record high. La Repubblica ISTAT Il Sole

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A statement full of Keynesian fallacies

Friday, January 2nd, 2015 by posted in Banking, Economics.

From today’s Open Europe news summary: Draghi: ECB ready to initiate QE to counter low inflation In an interview with Handelsblatt, ECB President Mario Draghi warned that persistently low inflation in the Eurozone meant that “the risk that we do not

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Krugman: I’m Only Keynesian to Botch 1980s Inflation Call

Wednesday, December 31st, 2014 by posted in Economics.

Krugman famously admitted he doesn’t read conservative economics bloggers. Maybe he should, though, so he can stop making a fool of himself when he tries to rewrite history. Today’s example is Krugman’s recent post arguing that right-wing economists have created a myth

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Centralization Fails in the Private Sector Too

Wednesday, December 31st, 2014 by posted in Capitalism, Economics.

Proponents of limited government have long recognized the dangers of excessive centralization. When an entity becomes large and many diverse parts are bound by a single nexus of control, it loses flexibility, adaptability, and humanity. This is true of government,

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