Remembrance Day

When the armistice that officially ended the First World War came into effect on the 11th hour of the 11th day of the 11th month, the anniversary was originally commemorated as Armistice Day, marking a time of tribute to and a remembering of those who died in that war. On November 11th, 1919, one year after the war's end, King George V asked the public to observe two minutes of silence at 11am. He asked that "the thoughts of everyone may...

Necessity is the Mother of Invention – Retirees Desperate Reach for Yield

Ben Bernanke’s creativity inspired a generation of economists and central bankers. QE, ZIRP and NIRP established a new class of economics that is mathematically sound but practically disastrous. Billions of dollars were transferred from savers to investors to boost the economy, but the wizards of quant forgot that something has to give. In this case, it was the formation of a pension crisis that threatens the golden years of millions of...

Rothbard’s Lost Book on the Constitution

The long-awaited (to put it mildly) 300+ page fifth volume of Rothbard’s history of the American founding, addressing the crucial period of the Constitutional Convention (which, you will not be surprised to learn, Rothbard views as something less than a heroic miracle of liberty) is finally available, both in print and as a free download. Published on: November 2, 2019November 2, 2019Author: Roderick Long

Getting Comparative Advantage Right

In the latest issue of Economic Affairs (gated), I have a new, academic-ish article on comparative advantage. It’s titled “The disadvantage of misunderstanding comparative advantage: a response to Sherman Xie.” I wrote it in response to what I believe to be Prof. Xie’s misunderstanding of the principle of comparative advantage and of this principle’s role in the case for a policy of free trade. Here are two slices: 1 | INTRODUCTION Somebody or...

50 years of failed doomsday, eco-pocalyptic predictions; the so-called ‘experts’ are 0-41 – Publications – AEI

AEI 50 years of failed doomsday, eco-pocalyptic predictions; the so-called ‘experts’ are 0-41 This week Myron Ebell (director of the Center for Energy and Environment at the Competitive Enterprise Institute) and Steven J. Milloy published a post on the Competitive Enterprise Institute (CEI) blog titled “Wrong Again: 50 Years of Failed Eco-pocalyptic Predictions:” Modern doomsayers have been predicting climate and environmental disaster since...

Wealth Tax Revenues

Presidential candidates Bernie Sanders and Elizabeth Warren have each proposed an annual wealth tax on the richest Americans. There are so many flaws with such a tax that it probably would not pass Congress. If it did pass, it would likely be repealed soon after as the damage became obvious even to the politicians. The number of European countries with annual wealth taxes has fallen from 12 in 1990 to just 3 today. The Europeans found that...

Students of Society — Looking forward to our visit with Viviana Zelizer

On October 17th at GMU, the renowned sociologist Viviana Zelizer will be delivering the 2019 Ostrom Lecture.  It has been 10 years since Elinor won the Nobel Prize. And we are thrilled that Professor Zelizer has agreed to speak in our lecture series, and to help us commemerate this anniversary, as well as help us continue to shape our self-understanding of the methodological, analytical and social philosophical implications of studying society...

The Harlot Of Wall Street: Why The Fed’s Assault On Main Street Must End, Part 4

Regulation creates concentration

The Bay Area of California is ground zero of NIMBYism.  Daniel Herriges has a very good article on the issue: A few months ago, I wrote about San Bruno, California’s rejection of a 425-unit apartment complex, even after the developer jumped through an insane series of hoops. To get the project approved, Mike Ghielmetti’s Signature Development followed San Bruno’s own voter-approved downtown vision to the letter. The project was near mass...

How Not to be a CIA Propagandist

Recorded on November 9, 2019, in Lake Jackson, Texas. Powered by WPeMatico Post Views: 0

What’s the Price of Gold in the Gold Standard, Report 10 Nov

Let’s revisit a point that came up in passing, in the Silver Doctors’ interview of Keith. At around 35:45, he begins a question about weights and measures, and references the Coinage Act of 1792. This raises an interesting set of issues, and we have encountered much confusion (including from one PhD economist whose dissertation committee was headed by Milton Friedman himself). Gold, Paper, and Redeemability Back in the 18th century, three...

Bernie Leads His Party to Open Borders

Shop all books by Pat Buchanan Some 100 members of an American Mormon community in northern Mexico, nine of whom — women, children, toddlers — were massacred a week ago on a lonely stretch of highway, just crossed over into Arizona. Other family members who have lived there for decades will follow. The atrocity was the work of one of the cartels battling for control of the drug traffic into the United States. In Mexico’s Sinaloa state in...

Slowing but Not Stopping (Yet)

If you are a computer (other than the newest experimental quantum ones), your world is entirely binary. Everything is some combination of zeroes and ones. The machines can do marvelous things with those two digits but they have limits. We humans don’t have to think in either/or terms, yet we often do. I see it in the economic outlooks that cross my screen. Some forecast imminent doom, others endless boom. But in reality, there is lots...

The End Of Money

[unable to retrieve full-text content]The unfolding wealth transfer is about to get markedly worse. Read why it’s so important now to position yourself to be on the winning side Click to read the full article >>

Amazon and the Diffuse Power of Consumers

Franklin Foer’s article in the Atlantic on Jeff Bezos’s master plan offers insight into the mind of the famed CEO, but his argument that Amazon is all-powerful is flawed. Foer overlooks the role of consumers in shaping Amazon’s narrative. In doing so, he overestimates the actual autonomy of Bezos and the power of Amazon over its consumers.  The article falls prey to an atomistic theory of Amazon. The thinking goes like this: I am an atom, and...

Who Wants To Be A Jewi er And Other Essays The Institute For Israel And Jewi udies

2013 Essay Writing Services Tips We closely work with professors and PhD holders in helping in project development. Such writers can persuade their readers through their essays and are able to present the content with which the readers Limestone College ambcrypto.com Gaffney SC http://limestone.edu can relate themselves. You can enjoy any of these services at any time of the day or night because we operate as a 24/7 service provider....

How Not to be a CIA Propagandist

Recorded on November 9, 2019, in Lake Jackson, Texas.

ETF Gold Holdings Hit Another Record High

Gold continued to flow into ETFs after breaking a record in September. Gold-backed funds took in another 44.4 tons of metal in October, pushing global holdings to another record of 2,900 tons, according to the latest data by the World Gold Council.The previous record for ETF gold holdings was set back in 2012 when the price of gold was near $1,700 per ounce.Global ETF holdings have grown by 421 tons year-to-date, a 14.4% year-on-year...

You Didn’t Build That (God Did)

There’s nothing wrong with the logic of libertarian property rights (homesteading etc.). The problem only comes in if you assume empirically at the outset that the Earth was unowned when the first human stumbled upon it. Because if the opening Genesis account were true, for example, then God is obviously the owner of everything. Again, for me to point this out doesn’t refute The Ethics of Liberty in terms of its framework, it just shows...

Ep. 1532 How One Man Is Neutralizing the Drug War

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Murky Business of Chinese Merchandise on Amazon’s US Site

As Amazon “aggressively recruited Chinese manufacturers and merchants” to sell to US consumers, its China team “saw increasing patterns of fraud, counterfeits and unsafe products.” But consumers have no clue where the sellers are and where the products came from. Everybody who buys enough on Amazon has noticed this: Buyer beware! You get a mix of Amazon’s own merchandise and the third-party market place, which accounts for over half of...

Trump Expected To Delay Decision On EU Auto Tariffs

After months of threats, the deadline for the White House to impose new tariffs on cars and auto parts manufactured in the EU is fast approaching. And according to Bloomberg, the Trump Administration will - for now, at least - opt to maintain the status quo. This isn't a surprise: Commerce Secretary Wilbur Ross, in an interview with Bloomberg TV earlier this month, signaled that a postponement was likely. "Our hope is that the...