Category Archive: 6b.) Mises.org
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:
Publisher's Summary
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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A Rothbardian Analysis of the Constitutional Convention
Relates to Murray Rothbard’s Conceived in Liberty, Volume V: The New Republic, 1784-1791 and my forthcoming book, Liberty versus Power: A History of Cronyism in the United States, 1607-1849 (2021?)
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The Current State of World Affairs — Murray Rothbard
Murray N. Rothbard, at the 1989 Texas State Libertarian Conference
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The Death Wish of the Anarcho-Communists
[This article first appeared in the Libertarian Forum, January 1, 1970.]
Now that the New Left has abandoned its earlier loose, flexible non-ideological stance, two ideologies have been adopted as guiding theoretical positions by New Leftists: Marxism-Stalinism, and anarcho-communism.
Marxism-Stalinism has unfortunately conquered SDS, but anarcho-communism has attracted many leftists who are looking for a way out of the bureaucratic and statist...
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Krugman’s Keynesianism Has Made Him Wrong about Much More Than Economic Theory
Let me tell you about Keynesian economists. They are different from you and me. They learn their mathematical models and aggregate terminology early and easily, and it does something to them, makes them proud and self-omniscient where the rest of us are circumspect, in a way that, unless you were born a Keynesian economist, is very difficult to understand.
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Como os Empreendedores construíram o Mundo | Per Bylund – Mises University 2020
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Gravado no Mises Institute em Auburn, Alabama, em 16 de julho de 2020.
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#29 Verwundbarkeit der Finanzmärkte nimmt zu – Golden Times
Der Weltgoldpreis ist auf neuem Allzeithoch und liegt weit über der bisherigen Rekordmarke. Thorsten Polleit: "Es ist damit zu rechnen, dass die nächste Bewegung im Goldmarkt Kurs nimmt die Marke von 1.900 Dollar pro Feinunze zu knacken." Für den hohen Goldpreis gibt es 3 Gründe: Niedrige Zinsen sorgen für geringe Preise bei der Goldhaltung, die Geldmengen steigen drastisch und schmälern somit die Kaufkraft der offiziellen Währungen und...
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