Category Archive: 6b.) Mises.org
New Unemployment Increased to 1.4 Million Last Week as Recovery Falters
The rising unemployment comes partly as a result of state governments forcing the closures of some businesses, or restricting operations, in the name of mandatory social distancing.
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American Police Forces Were Created to Fight Rioters. But Police Probably Made Things Worse.
Whenever the vicious portion of population shall be permitted to gather in bands of hundreds and thousands, and burn churches, ravage and rob provision-stores, throw printing presses into rivers, shoot editors, and hang and burn obnoxious persons at pleasure, and with impunity,” Abraham Lincoln told a crowd in Springfield, Illinois, in 1838, “the feelings of the best citizens will become more or less alienated from it.
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There Are No Winners in the US-China “Tech War”
After unleashing a disruptive trade conflict with China, the Trump administration has also escalated the lingering “cold tech war” between the two rival powers. Over the last two years, the US has passed new rules limiting China’s investments in the US, restricting bilateral information and communications technology (ICT) trade and controlling exports of sensitive and emerging technology to China.
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The Myth of the Failure of Capitalism
The nearly universal opinion expressed these days is that the economic crisis of recent years marks the end of capitalism. Capitalism allegedly has failed, has proven itself incapable of solving economic problems, and so mankind has no alternative, if it is to survive, than to make the transition to a planned economy, to socialism.
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Money-Supply Growth Hits New High For Third Month In a Row
In June, for the third month in a row, money supply growth surged to an all-time high, following new all-time highs in both April and May that came in the wake of unprecedented quantitative easing, central bank asset purchases, and various stimulus packages.
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What Has Government Done to Our Money? – Murray N Rothbard
"Strict separation of money and state",... to see any progress... and wake up from the myth that one can survive their entire life by harvesting only one season...no delivery of goods and services, no payment.
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Consumer is sovereign – Per Bylund – Talks with Petri
Per Bylund talks about the role of entrepreneurship in society, what's wrong with economics, why prices are always rising and how to spend a year in Hawaii.
Bio
Per Bylund is a Swede in Oklahoma, USA, where he works as assistant professor of entrepreneurship in the Spears School of Business. He had careers in politics and as business consultant and systems developer before moving to the USA and starting a career in academia. He has also...
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New Opportunities for Marxists: Climate Change and Coronavirus
In The Communist Manifesto (1848) Karl Marx (1818–83) and Friedrich Engels (1820–95) predicted that capitalism would lead to the impoverishment of the laboring class. Why? Well, to raise profit on capital invested, Marx and Engels argued, entrepreneurs (the capitalists) would exploit the workers.
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Three Reasons Representative Democracy Doesn’t Work
In representative democracies, voters ostensibly control the state through the politicians they vote for. However, most representative democracies fall far short of this goal. Three of the reasons for the trouble are the problems of scale, bundling, and omission.
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Modern Monetary Theory’s Connection to Soviet-Era Money
MMT starts to make a little more sense when thinking of it as comparable to money systems used under the USSR and the old Soviet Bloc.
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Could the Economy Survive a W-Shaped Recovery?
In the weeks following the United States shutting down over what has turned out to be mainly a nursing home epidemic, the economic geniuses on CNBC and Bloomberg discussed the various letter recoveries.
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Inflation: This Time Is Different
Bank lending is contracting, and it is important to understand why. At this stage of the credit cycle, which began expanding following the aftermath of the Lehman crisis over a decade ago, a sharp contraction of bank credit to nonfinancials is normal.
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A Rising Demand for Money Won’t Save Us from Inflation
According to popular thinking, not every increase in the supply of money will have an effect on the production of goods. For instance, if an increase in the supply is matched by a corresponding increase in the demand for money, then there will be no effect on the economy.
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Walter Berns and the Cult of “Patriotic” Sacrifice
[unable to retrieve full-text content]In his great new book The Problem with Lincoln, Tom DiLorenzo brought back an old memory. As Tom points out, Walter Berns, who taught political science at Cornell and then worked for the American Enterprise Institute, was one of the main figures urging us to worship Honest Abe.
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ANDY MORAN & JOHNNY DOYLE: The Return of the GAA | Appetite for club action | New normal of training
Ballaghaderreen's Andy Moran & Johnny Doyle of Allenwood join Joe to discuss the new normal of the GAA after the return of club action.
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For a New Liberty (Audiobook) by Murray N. Rothbard
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For a New Liberty (Audiobook) by Murray N. Rothbard Reviews:
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In For a New Liberty: The Libertarian Manifesto, Rothbard proposes a once-and-for-all escape from the two major political parties, the ideologies they embrace, and their central plans for using state power against...
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The World Is Drowning in Debt
According to the International Monetary Fund (IMF), global fiscal support in response to the crisis will be more than $9 trillion, approximately 12 percent of world GDP. This premature, clearly rushed, probably excessive, and often misguided chain of so-called stimulus plans will distort public finances in a way which we have not seen since World War II.
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The Dangers Posed by State-Controlled Digital Currency
If we choose to break the state monopoly of money and allow private digital currencies to compete, a myriad of different solutions will emerge to serve a myriad of different needs.
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How Central Banks Destroy Money’s Purchasing Power
Without a monopolist central bank, market forces would restrain the issuance of bank notes. But once central banks monopolize money creation, wealth is systematically transferred to the central bank and the privileged few who are favored by the state.
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