Other Schools of Thought

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Central Banks Are Not Innocent Bystanders

Money and BanksMoney and BankingOther Schools of Thought

Blog11/18/2014

Mises Daily Monday by Peter St. Onge: 

The Economist recently opined that interest rates don't affect...

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Military Socialism

War and Foreign PolicyEntrepreneurshipOther Schools of Thought

Blog11/10/2014

There’s a long history of comparing market competition to warfare. Game theorists, for example, sometimes use metaphors borrowed from military strategy to talk...

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On Pure Capitalism

Other Schools of ThoughtPolitical Theory

Blog07/09/2012

"A social system based on this natural position regarding the assignment of property rights is, and will from now on be called, pure capitalist.  And since its ideas can be discerned as the dominating ideas of private law, i.e., of the norms regulating relations between...

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Reducing Demand By Increasing Taxes: The Non-Logic of Road Socialism

Taxes and SpendingOther Schools of ThoughtPolitical Theory

Blog01/15/2008

When entrepreneurs and business owners and managers face difficulties in the market, it is rare for them to throw in the towel, blame the customer, increase prices and hope that the problem goes away. A business that does not live up to the expectations of the customer becomes marginalized and...

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The Real Aggressor

Other Schools of ThoughtPolitical Theory

Blog12/28/2007

A sign of our time is the split-personality of the conservatives, wrote Rothbard in 1954. Many to the right of center are off on a schizophrenic pursuit of both liberty and collectivism. In domestic affairs this regrettable condition is gradually being recognized for what it is. But the time is...

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The Church of Keynes

Other Schools of Thought

Blog12/27/2007

The work cumbersomely entitled, The General Theory of Employment, Interest and Money, now commonly abbreviated as "The General Theory," was published in 1936. Probably no other book has ever produced in so little time a comparable effect. It has tinctured, modified, and conditioned...

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Austrian Economics vs. Bernanke's Economics

Other Schools of ThoughtPolitical Theory

Blog12/05/2007

Economists of the Austrian School of economics define inflation differently than much of the mainstream of the economics profession, writes By Gary Danelishen. The typical mainstream intermediate macroeconomics textbook defines inflation as "an increase in the overall level of prices....

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Garrett on the Planned Economy

Big GovernmentWorld HistoryInterventionismOther Schools of Thought

Blog11/12/2007

In the newest issue of American Affairs to see the light of day after 60 years, Garet Garrett once again carries the day:

There are only two kinds of planned economy; and for all they may have, or seem to have, in common...

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Socialism Exposed by Natural Disaster

The EnvironmentWorld HistoryOther Schools of Thought

Blog08/15/2007

William Anderson today talks about America's pockets of socialism and how they collapse when tested. Meanwhile, in the prison called North Korea, there is massive flooding and...

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