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For more than two years now, and even longer depending on your dating scheme, the federal government has waged war on the reality of the incredible Fed-fueled bubble that developed in housing with spillover effects on the rest of economic life. That ...
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Bryan McKenzie of the Charlottesville Daily Progress reports that small banks are confused by new federal “regulations” that seem to appear at random:With a quarter-century in the industry, Patricia G. Satterfield has long recognized that regulation of banks is a subjective practice. But the ...
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You know, there are some laugh-out-loud moments in this New York Times piece that dares to imagine the unthinkable: Housing Woes Bring New Cry: Let Market Fall.As the economy again sputters and potential buyers flee — July housing sales sank 26 percent from July ...
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Eugen von Böhm-Bawerk was Mises’s great teacher. Here is a very early statement (1891) on the cost controversy, published in English. It demonstrates why Böhm-Bawerk remains a standard-bearer of the Austrian tradition. FULL ARTICLE by Eugen von Böhm-BawerkJoin the discussion and ...
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Libertarianism does not claim to encompass the whole of morality. Quite the contrary, it asks only, when is force or the threat of force permissible? The answer to this question delimits a sphere of rights, but not everything that is within one’s rights ...
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Once the monetary interventions start, they can’t be stopped. The economy requires ever more of the same to fix the problems created by the first round. This is the ratchet effect that Robert Higgs applies to statist policies in general. FULL ARTICLE ...
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According to Paul Krugman, it seems that World War II created a foundation for long-run prosperity. Yes, what we really need is to add to our deficit and debt in ways unimaginable. (Thank goodness, Krugman does not recommend that our armed forces invade yet ...
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“I hate to say it, but before TV people spoke better and were better read than we are,” Terence Winter tells the New York Times. “They were probably more literate.” What Winter, who along with Martin Scorsese, is an executive producer of HBO’s ...
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Econtalk host Russ Roberts interviews author Daniel Pink on the topic Drive, Motivation and Incentives in last week’s podcast. Pink’s message is that a substantial body of empirical evidence shows that people are only motivated to a limited extent by money to increase ...
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The following is an elaboration of Jeremiah Dyke’s informative September 4, 2010 posting, “Keynes, The Intellectual Lightweight.”I am certainly not qualified to assess Keynes’s overall learning and intellectual capabilities. However, his education in and knowledge of economics was rudimentary and insular, hence the collection of ...
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“Between the years of 1911 to 1915 John Maynard Keyes was the principal reviewer of German Books for Economic Journal (see footnote 12, here)” It was during this time frame that “Maynard”, as Rothbard often referred to him, reviewed Mises path breaking 1912 book ...
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The New Deal: History, Economics and Law taught by Thomas Woods. The technology is incredible, the content even more so. No matter where you are, you can be a student of Thomas Woods.Join the discussion and post a commentRelated posts:...
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Patent-enforcement madness often seems to have much in common with terrorism, but there is a bright side. It is helping more and more people think through the nature of competition, marketing, government privilege, what can and can’t be property, and other important considerations. It has ...
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From the Economist: “America’s universities lost their way badly in the era of easy money. If they do not find it again, they may go the way of GM.”Join the discussion and post a commentRelated posts:Good Research Universities?...
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Edmunds Daily is reporting 10-40% increases in used car prices over last year. H/T J Jacoby.Join the discussion and post a commentRelated posts:Commodity Prices and Inflation: What’s the Connection?Does ...
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Jeff Riggenbach’s extraordinary article today recalls the revealing results of the Milgram Experiment in 1961, and describes the political implications. Here is a documentary showing a repeat of the experiment. The results are reproduced time and again.Join the discussion and post a commentRelated ...
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If the learner made an error, the teacher would administer an electric shock to the learner by remote control, pressing a button on a control console. Each electric shock administered would be stronger than the one before. FULL ARTICLE by Jeff RiggenbachJoin ...
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The Austrian theory of the trade cycle explains why the Fed’s below-market interest rates invariably lead to a correction known as the bust. The theory is not new. Why has it been so out of favor with most economists? FULL ARTICLE by ...
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By eliminating the analytical straightjacket imposed by neoclassical economics, economists could have a lot more to offer about how to improve the world. They would start thinking about changing preferences, not just incentives. FULL ARTICLE by Edward Strigham and Jeffrey Rogers HummelJoin ...
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David Gordon covers new books in economics, politics, philosophy, and law for The Mises Review, the quarterly review of literature in the social sciences, published since 1995 by the Mises Institute. He is author of The Essential Rothbard, Resurrecting Marx, and The ...
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If you have a chance to try it, Mises.org works really great on the iPad. With the new Stanza catalog, all the audio and most video, and of course the full website, it makes for a great Austrian economics consumption device. Please comment below ...
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Economy Avoids Recession Relapse as Data Can’t Get Much WorseJoin the discussion and post a commentRelated posts:State = Death and PovertyBecause the government can work magic...
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Hans-Hermann Hoppe is one of the giants of liberty in our time. He has contributed to economic theory (firming up property rights theory), ethics (providing an epistemological foundation for individualism), philosophy (deductivism has never been so compelling), and politics (democracy is the ...
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Back in the boom, Sin City’s population grew by nearly 200 each day. The Las Vegas metro area had a population of just over 1.2 million in 1998 and a decade later it was nearly 1.9 million.But now with an unemployment rate approaching 15%, the ...
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It’s a fascinating list put together by Economics of Contempt. Perhaps it is biased but I note the number of free-market thinkers here, people with a supply-side bias who do not have the Austrian theory of the business cycle figured into their intellectual apparatus.At ...