Category Archive: 6b.) Mises.org

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Turkey’s Economy Is in Big Trouble

2022-01-08

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2022-01-08

Over the years observers of Turkish politics have become somewhat inured to erratic swings in policy coming out of Ankara. Particularly since the political reforms of 2017, his high degree of control over the primary functions of the state mean President Recep Tayyip Erdoğan faces few hurdles to executing abrupt changes he views as correct or necessary. This lack of any effective institutional check to his authority is, at present, leading the...

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January 7, 2022

2022-01-07

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Taking Back Our Liberty in 2022

2022-01-07

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2022-01-07

For those of us who value liberty, these past two years have been a bad dream. It seems like we fell asleep in early 2020 and woke up in 1984! They said that if we just put on a mask and stayed home for two weeks, we’d be able to return to normal. The two weeks came and went and instead of going back to normal they added more restrictions.

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New York State Has Imposed New Covid Rituals. This Time There’s Some Resistance.

2022-01-06

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2022-01-06

With new mask and vaccine mandates, New York's Governor Kathy Hochul has reaffirmed the state’s status as the nation’s most zealous practitioner of covid cultism.

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csr2 playing around

2022-01-06

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Just some racing

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Inflation or Recession? The Fed Faces a Choice.

2022-01-04

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2022-01-04

On December 15, the Federal Reserve announced numerous quantitative tightening measures that have the intended goal of combating the rising inflation that has been bogging down the American economy. As of November 2021, the rate of inflation has reached 6.8 percent, the highest since 1982, and is unlikely to have peaked yet.

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The First Economics Lesson

2022-01-02

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2022-01-02

Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would be great enough in any case, but they are multiplied a thousandfold by a factor that is insignificant in, say, physics, mathematics, or medicine—the special pleading of selfish interests.

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Csr2 supply cup

2022-01-01

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Crs2 supply cup

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csr2 opening free creates

2022-01-01

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Opening free creates and daily battle

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True Competition versus the Monopolist “Minimal State”

2021-12-31

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2021-12-31

According to Ayn Rand’s ethics, the only basis for value is an individual’s survival as a rational being. In order to live as a rational being, you must respect the rights of others as rational beings each aiming at his own survival.

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An Inflation Outlook for the US Dollar in 2022

2021-12-31

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2021-12-31

First, we must define inflation: it is the increase in the quantity of money, currency, and credit. It is not an increase in prices. Changes in the general price level is the consequence of a combination in changes of the quantity of deposit currency and changes in the level of the public’s retention of deposit currency relative to their possession of goods. We can record deposits statistically, but cannot quantify human behaviour.

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The Businessman and the Holy Family

2021-12-30

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2021-12-30

At the heart of the Christmas story rests some important lessons concerning free enterprise, government, and the role of wealth in society. Let’s begin with one of the most famous phrases: “There’s no room at the inn.” This phrase is often invoked as if it were a cruel and heartless dismissal of the tired travelers Joseph and Mary.

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Mandatory Holidays Mean Less Freedom and Flexibility for Workers

2021-12-29

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2021-12-29

One of the things people tend to appreciate throughout the year, and especially during the Christmas season, is statutory holidays. These days off are taken for granted by many, and few people stop to think about whether they have any drawbacks. But as any good economist will tell you, everything comes with tradeoffs, and holidays are no exception. The trick, then, is to figure out where the cost lies, and who, ultimately, is paying it.

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The Real Reason Politicians Want Legal Cannabis Is Tax Money

2021-12-28

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2021-12-28

The latest two states to legalize recreational cannabis are New York and New Jersey. However, if one believes governors and legislators in those states have finally adopted a more libertarian view of the topic, one will be severely disappointed.

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Life Expectancy in 2020 Fell 2.3 Percent to 77 Years. Does This Justify the Covid Panic?

2021-12-26

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2021-12-26

According to a new report released Wednesday by the Centers for Disease Control, the life expectancy at birth in the United States fell to 77.0 iyears n 2020, falling from 2019’s life expectancy of 78.8 years. The report also noted an increase of mortality with age-adjusted mortality in the US rising from 715.2 per 100,000 in 2019 to 836.4 per 100,000 in 2020. 

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The Fed’s Dovish “Tapering” and the ECB

2021-12-25

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2021-12-25

This week, the Federal Reserve gave the most dovish “hawkish” statement ever, an apparent aggressive tapering that, in reality, means maintaining very low rates and massive repurchases for longer.Inflation has skyrocketed and aggressive monetary policy is the key factor in understanding it. I already explained it in my article “The Myth of Cost-Push Inflation.” 

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The Truth about Tulipmania

2021-12-24

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2021-12-24

When the economics profession turns its attention to financial panics and crashes, the first episode mentioned is tulipmania. In fact, tulipmania has become a metaphor in the economics field. Should one look up tulipmania in The New Palgrave: A Dictionary of Economics, a discussion of the seventeenth century Dutch speculative mania will not be found.

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Respective of butterfly knife

2021-12-24

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csr 2 game play

2021-12-23

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Csr2 playing around on new account racing

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Why “Macro” Thinking in Economics Is Such a Problem

2021-12-22

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2021-12-22

As someone who teaches public finance (better termed the economics of government), I can’t count how many times I have heard politicians promise “comprehensive” reforms to some major problem. But what such efforts actually produce is always different from what is promised, because such achievements are beyond government’s competence.

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