Austrian Economic Blogs
Adam Smith Institute
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Tianah
When I ask 20-somethings just out of university what they want to do, they often tell me that they would rather not work for a company driven by profit. “Profit-making isn’t a good cause.” Seeking profit is a sign of “greed”.I realised that something needed to be done to address this trendy aversion to capitalism. The economic case for the profit motive has been around for a long time, but many young people are not taking notice, if they have...
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The world is getting richer or freer – probably both
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Happy Birthday David Ricardo!
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Communal Forgetting
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Time to thaw out support for free enterprise in Iceland
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The Office for National Statistics proves Hayek Right. Again
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Yes we CANZUK
LewRockwell
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Active Shooter?
USA – In the aftermath of the Parkland shooting, there’s been a fierce debate on how to best protect our schools. This conversation often arises after school shootings, and undoubtedly, gun control comes up as one of the “solutions” for protecting our schools. Other measures are of course brought up; The ideas of hardening our school with things like metal detectors, more secure entrances, etc. but more often than not the proposal for gun...
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The Right To #Resist
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A Conversation on Race
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Could Hitler Have Escaped to S. America?
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What Do Google and Facebook Have on You?
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First Genetically Modified Humans?
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Crimes of a Monster
Cato Liberty
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The $1/Day Standard & Other Problems with DHS’s Public Charge Rule
The Trump administration has given notice of its intent to expand a current rule denying certain immigration applications to “public charges”—that is, people who are likely to rely on the government for their support. “The primary benefit of the proposed rule would be to help ensure that aliens … are self-sufficient,” the Department of Homeland Security (DHS) writes in a leaked version of the draft regulation. This intention coheres with Cato...
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US Only Country With Projected Rising Government Debt to GDP Ratio Through 2023
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Contrary to Theresa May’s Comments, the West Is Interfering in Syria’s Civil War
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Cuba: What Transition?
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Government Encourages Third-Party Payment, Which Drives Health Care Prices Higher
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Attorney General Sessions Proposes An Even More Destructive Opioid Policy
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Profiles of Every Terrorism Vetting Failure in the Last 30 Years
Mauldin Letter
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Hoisington Quarterly Review and Outlook, First Quarter 2018
Lacy Hunt is in the very top rank of US economists. He would have made an excellent Fed chairman, if you ask me (no one did who mattered); but he goes on holding down the fort, along with partner Van Hoisington, at Hoisington Investment Management in Austin; and so you and I continue to have the benefit of Lacy and Van’s quarterly updates, which I always feature here in Outside the Box. - Top Hedge Fund...
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How to Get Your Tax Weekend Back
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Fed “Policy Mistakes” – a View from Across the Pond
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Assumptions Equal Problems
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Is Risk-Free Really Risk-Free?
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Springtime Chart Fling
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Question Your Assumptions
Max Keiser
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Want Widespread Prosperity? Radically Lower Costs
It’s easy to go down the wormhole of complexity when it comes to figuring out why our economy is stagnating for the bottom 80% of households. But it’s actually not that complicated: the primary driver of stagnation, decline of small business start-ups, etc. is costs are skyrocketing to the point of unaffordability. As I have pointed out many times, history is unambiguous regarding the economic foundations of widespread prosperity: the core...
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Thanksgiving Dinner Is Not Usually Served On A Silver Platter But This Year We May See Just That
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Money and Markets Infographic Shows Silver Most Undervalued Asset
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[KR1151] Keiser Report: Will Weapons of Mass Financial Destruction Be Used against Qatar?
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The Great Retirement Con
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Today No Metals Die: Gold & Silver Prices Rise To Finish The Week Strong
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The Demise of Dissent: Why the Web Is Becoming Homogenized
EconLog Library
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A Collectivist Case for Trade, but not FREE Trade
By Pierre Lemieux Don't Trump and Xi have a different vision of international trade? Not really. Nobody knows how the protectionist tug-of-war between Chinese president Xi Jinping and U.S. President Donald Trump--each one deciding for his flock--will end. Perhaps we'll have a disastrous trade war and recession. Perhaps Chinese consumers and businesses will persuade Xi to back off, as the latter's April 10 speech was first interpreted...
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Beware of macro survey questions
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How People Get Good at Their Jobs: IDF Edition
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Reminder of Speech in Richmond Indiana Today
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An Economist Deals With a Cancelled Flight
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Divine Clarity
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Default or High Inflation?
Cafe Hayek
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Christian Science Monitor Op-ed: “Middle-class woes? A letter to Lou Dobbs.”
In the January 4th, 2007, edition of the Christian Science Monitor I penned an open letter to Lou Dobbs. My long open letter is below the fold. FAIRFAX, VA. — Dear Mr. Dobbs, Congratulations on having a large new bloc of voters bear your name! Politicians ignore the “Lou Dobbs Democrats” at their peril. Every night on CNN you claim to speak for these people. They are America’s middle class: decent folks who work hard and play by the rules...
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Quotation of the Day…
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Little Pink House
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Bonus Quotation of the Day…
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The Wages of Recycling
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Christian Science Monitor Op-ed: “Want world peace? Support free trade.”
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Some Links
Robert Murphy
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I’m Genuinely Asking
Regarding the Starbucks controversy, I read this article and was struck by this passage: The arrest of two black men sitting quietly in a Philadelphia Starbucks has set off a national discussion about whether there are any places or activities where race doesn’t color the experience. Even something as innocuous and common as waiting at Starbucks for a friend looks different when viewed through the lens of America’s ongoing race problem. On...
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Potpourri
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Murphy Stuff
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The Magical Murphy Tour
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Jim Caveizel’s Moving Testimony
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Hayek and the Regression Theorem
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Jon Stewart Points Out Media Silence on Ron Paul
Bleeding Hearths Libertarians
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Left-Libertarians at Libertopia
Announcements, Left-libertarianism Next month (3-6 May) in San Diego I’ll be speaking at the Libertopia conference, which is back after several years’ hiatus. Here’s my topic and abstract: Hoppean Libertarianism as Right-Wing Tribalism: A CritiqueRoderick T. Long One of the main conduits by which many libertarians in recent years have been drawn into the orbit of...
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Read Tomorrow 3.0!
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What’s the Best Objection to Open Borders?
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Welcome, Javier Hidalgo!
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Public Reason and Idealization
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The Thin Blue Line Flag
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No Shit, Sherlock: What Pro-Life People Think
Mises Institute USA
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The Future of Government is Smaller
One of the great controversies in modern society concerns the necessary and required functions of government. There are few who disagree that if government is to exist then it certainly has the duty and responsibility to secure and protect essential rights of every individual, including the right to life, liberty and honestly acquired property. But there are a wide variety of tasks that the private sector could better provide that many think...
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Manufacturing Jobs Are Overrated
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Not Even the Pentagon Thinks Tariffs Are Needed for National Defense
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Michael Boldin Makes the Case Against Jeff Sessions
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El Acta del Patrón Oro de 1900 y sus consecuencias
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La economía al servicio del estado: El empirismo de Richard T. Ely
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Jeff Sessions is Wrong: Nothing is “Settled”
Mises institute Canada
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Why Understanding Inflation Is So Important
Reprinted from Mises.org According to Ludwig von Mises, Inflation, as this term was always used everywhere and especially in this country, means increasing the quantity of money and bank notes in circulation and the quantity of bank deposits subject to check. But people today use the term ‘inflation’ to refer to the phenomenon that is an inevitable consequence of inflation, that is the tendency of all prices and wage rates to rise. The result...
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The Case for Revisionism (and Against A Priori History)
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Reasons for Anti-Capitalism: Ignorance, Arrogance, and Envy
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A Common Misunderstanding of Economic Development
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The Euro Might Destroy Europe
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The True Money Supply Is Flashing Red
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The War Powers Resolution Fraud
David Stockman’s Contra Corner
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Remember The Maine! And All The Other False Flags To War
For the three Western nations to bomb before the international inspectors from the Organization for the Prohibition of Chemical Weapons (OPCW) could check the bodies of those killed for chemicals, take soil samples, talk to survivors and compare the results with what is in the Syrian government chemical facilities is bewildering– unless the U.S., UK and France knew the UN inspectors were going to find NOTHING to substantiate their assessment....
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The Market Is Underpricing Risk…Again!
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Junk Bond Market In La-La Land
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The Delusions of MAGA, Part 1
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Chart of the Day: What Synchronous Acceleration? Global Productivity Growth Is Falling At Record Pace
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Chinese Industrial Production—44 Straight Months of Sub-Par Expansion
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Euro-Area Engine Sputters as German Downturn Risk Sharpens
Peter Schiff
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Gold Could Play Key Role in Cancer Treatment
In recent years, gold has been increasingly valued for its use in various technological applications. In a report late last year, the World Gold Council reported the demand for gold in the technology sector has been growing since 2016 and that growth is continuing to accelerate due to new innovations.Some of the most amazing developments utilizing the yellow metal have been in the field of medicine. For instance, researchers at the University...
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In a World Drowning in Debt the US Stands Out
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The Petroyuan Is For Real
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“A-List” Economists Agree: The US Is Going Broke
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Peter Schiff: Enjoy the Calm Before the Storm
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Turkish President Fires Another Shot in an Escalating War Against the Dollar
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Ron Paul: Everything Is Subprime Thanks to the Federal Reserve (Video)
Zerohedge
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“It’s An Ominous Sign”: Trader Reveals The “Nightmare Facing China’s Leaders”
With the market's attention focused on how the China-US trade wars impact the US stock market, many have forgotten to check in on China's markets. And it is here that Bloomberg commentator Kyoungwha Kim notes that things are going from bad to worse, as despite the recent spate of good economic news, the local market just can't rally on good news, an indication of the "nightmare facing China's leaders." The reason: Trump may have...
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US Sub That Attacked Syria “Not Welcome” Back To Italy
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Another Debt-Bomb Exposes “Limits” In The Nordic Junk “Casino”
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Criminal Referral Issued For Comey, Clinton, Lynch And McCabe; Rosenstein Recusal Demanded
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Germany Recession Indicator Flashes Yellow
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Liberal College Professor Calls Barbara Bush “Racist”, Cheers Her Death
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The Global Smartphone Boom Has Peaked, IMF Warns
Wolf Street
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Now Even a Fed Dove Homes in on the “Everything Bubble”
Bonds, junk bonds, spreads, commercial real estate, leveraged loans, over-leveraged companies… all get named as risks to the banks. This is why tightening will continue. “If we have learned anything from the past, it is that we must be especially vigilant about the health of our financial system in good times, when potential vulnerabilities may be building,” explained Federal Reserve Board Governor Lael Brainard in a speech in Washington,...
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Congrats! Canadians Just Set a New Record for Borrowing Against their Homes
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EU Moves to Protect Financial System from Failing Banks
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Another Big Retailer Gets Liquidated
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Canada Home Prices Fall 6% in Q1 from Year Ago, First Decline since 2009
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Junk Bond Market Still in Total Denial, Fighting the Fed
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Nearly One-Third of U.S. Lottery Winners Declare Bankruptcy
Thomas Woods
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Ep. 1138 Black Guns Matter
Download Audio
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Ep. 1137 Absolute Immunity for Prosecutors: The Built-In Bias Against the Accused
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Ep. 1136 Dave Smith on Speaking Forbidden Truths on CNN; Plus: the Rotten State of Comedy, and More
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Ep. 1135 Domestic Consequences of U.S. Militarism
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Ep. 1134 Princeton Professor Hits Back at Campus Censors
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Ep. 1133 The State Keeps Messing With Your Car (But the Car Companies Can Be Annoying, Too)
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Ep. 1132 Conservatives Who Yield Everything to the Other Side, Example #43,366
Carpe Diem
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Inconvenient weather fact for Earth Day: the frequency of violent tornadoes fell to a record low in 2017 – Publications – AEI
AEI Inconvenient weather fact for Earth Day: the frequency of violent tornadoes fell to a record low in 2017 Earth Day 2018 will take place this Sunday (April 22) and I’ll put up an updated version of my annual Earth Day post (“18 spectacularly wrong predictions made around the time of the first Earth Day in 1970, expect more this year”) within a few days. For now, in preparation for Earth Day, let me present an “inconvenient weather fact”...
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Markets in everything – Publications – AEI
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You might be a protectionist….. – Publications – AEI
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Feminists don’t care about the gender gap in ballet. Why should we care about the one in tech? – Publications – AEI
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Quotation of the day on the mercantilist-in-chief’s backward, upside-down ‘theory’ of international trade….. – Publications – AEI
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Some thoughts, facts, and charts for Tax Day: Bring us back to 1913; or better yet, bring us back to 1912! – Publications – AEI
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The best sentence I read today…. – Publications – AEI
Bawerk
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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...
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Chinese Philosopher Kings, Losing their Yuan FX Religion?
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How to Invest in the New World Order
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Toward A New World Order, part III
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Toward a New World Order, part II
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Toward a New World Order?
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“Subtle forward guidance”: The marriage between best practice central banking and commodity markets
Keith Weiner
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The CEO Pay Ratio
A popular metric is to compare CEO pay to the pay of the lowest-skilled–and hence lowest-paid–worker in the company. If the CEO makes $15,000,000 and a burger-flipper makes $15,000 then the CEO is making 1,000 times more. This provides fuel for policy debate. As I often say, socialism is not about economics. There is no economics of socialism. It is nothing more than institutionalized envy. And the pay ratio of 1,000 appeals only to envy. It...
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You Didn’t See That
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The Party of Spend More vs. the Party of Tax Less
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The Big Myth
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What Will a 20% Tariff Do?
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Yield Purchasing Power
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Reflections over 2016
Coordination Problem
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Interactive Teaching as Research Productive Teaching
This video clip is from the Special Collections Oral History of GMU. It discusses Buchanan's approach to teaching, and his shift of focus from his journeyman years of teaching at Tenn and Florida State to his graduate course in Public Finance and Welfare Economics at UVA and his effort to involve the students in his research process. Also note his discussion of the difference between Jacob Viner and T. W. Schultz in their approach to...
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Site Maintenance
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Reconnecting Economics with Moral Sciences
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Art, Science and Political Economy*
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The Surveillance State is Developed Abroad But Perfected at Home
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What Could Possibly Go Wrong?
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You Just Lack Training …
Mercatus Center
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The U.S. Needs to Invest in Minds, Not Miners
In J.D. Vance's memoir "Hillbilly Elegy," which recounts the blasted hopes of those left out of the modern economy, grandfather Papaw makes a prescient prediction: "Your generation will make its living with their minds, not their hands." What Papaw didn't foresee was that this shift would be far easier for women than for men. The U.S. economy has long been moving away from "hands" industries such as mining and...
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Higher De Minimis Thresholds in Canada and Mexico Would Bring Reciprocity for US Small Businesses
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Virginia’s Certificate-of-Public-Need Law
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J. W. Verret on the Steve Gruber Radio Show
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Emily Hamilton on the Andy Caldwell Radio Show, KUHL (California)
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Veronique de Rugy on The Dave Gram Radio Show, WDEV (Vermont)
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Christine McDaniel on Canadian Broadcasting Corporation Television
