Austrian Economic Blogs
Adam Smith Institute
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The numbers in climate science really are quite amazing
A couple of days back we noted that the WWF presented us all with some truly remarkable numbers. Or rather, in their report about the costs of climate change, didn’t present the numbers which mattered:We’re fine so far. They also say that higher emissions will cause more damage than lower. We’re fine with that as a logical assumption, something internal to the case being built. Then they say that higher emissions will cause damage to ecosystem...
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Well, if the government’s going to hand out money like a drunken sailor…
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Our New Henry VIII
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Give Britons a Holiday
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Less is more in climate change, not just fashion
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Who would want to be a GP?
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Medellín’s Cable Car Miracle
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
Bleeding Hearths Libertarians
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Statism as Accepting Moral Extortion
I’m reading David Estlund’s new book Utophophobia right now for an symposium at the PPE Society. Estlund’s book got me thinking more about non-ideal theory and the moral status of the state in non-ideal circumstances. While ideal theory asks, “What institutions would we have if everyone were perfectly good and just?,” non-ideal theory asks, “What institutions should we have in the real world, where many people are evil, where people will take...
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Advisor Influence vs Reliability
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Doing Philosophy Means Being Wrong, but with Style
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The Kochs Are Going to Destroy Academia with Their Evil Kochness!
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It’s EA to Say Voting Is EA Even Though It Isn’t EA
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Voting as Conspicuous Caring
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Why the Politicization of History Is So Disturbing
Cafe Hayek
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Oren Cass Differs Little from Bernie Sanders
Alberto Mingardi is correct: Oren Cass, in his call for government to exercise discretionary power to proscribe and to prescribe Americans’ commerce, is quite akin to Bernie Sanders. It is, of course, certain that each of these scholars would reject the comparison. Cass surely doesn’t feel himself to be motivated by the same sentiments that he believes fuel Sen. Sanders’s fires. And Sen. Sanders surely doesn’t feel himself to be motivated by...
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Bonus Quotation of the Day…
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Quotation of the Day…
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The U.S. Government’s Fiscal Incontinence
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Some Links
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Quotation of the Day…
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Don’t Fall for the Fallacies of Economic Nationalism
Carpe Diem
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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...
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Quotation of the day on the ‘High Church of Environmentalism’…… – Publications – AEI
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Animated chart of the day: Public school enrollment, staff, and inflation-adjusted cost per pupil, 1970 to 2016 – Publications – AEI
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Videos of the day: Index funds, renewable portfolio standards and eco-anxiety – Publications – AEI
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Tuesday afternoon links – Publications – AEI
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Quotation of the day on the inconsistency of treating children as both role models and incompetent snowflakes….. – Publications – AEI
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A huge gender disparity for loss of life trying to save others – Publications – AEI
Cato Liberty
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Agriculture Purchase Commitments Under the U.S.-China Trade Deal: The Case of Beef
Yesterday, President Trump and Chinese Vice Premier Liu He signed a "phase one" U.S.-China trade deal. A "phase two" deal may be coming, although the timing is unclear, and many people (including us) are skeptical that it will happen any time soon. There are some technical and complicated parts of the phase one deal, and it will take some time to digest it all and come up with an overall evaluation. But it's worth exploring...
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New York Shortchanged but NY Politicians No Help
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The Democrats’ Search for a New Foreign Policy
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USMCA Races Across the Finish Line, but Uncertainty Remains
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Raising Wages via Policy Is Hard or Destructive. It’s Time to Focus on Living Costs
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When Debating Base Closure, Look at the Data
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New York vs. Florida on Bureaucracy
Coordination Problem
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Manipulation and Deception in Society
Rosolino Candela and I have published a series of papers on the history of price theory since Alfred Marshall. In these papers we distinguish between not only microeconomics and macroeconomics, but also within microeconomics those theories that could be dubbed price theoretic as opposed to those that are more appropriately labeled choice theoretic. Furthermore, we distinguish between three different approaches found in the literature in...
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Mario Rizzo on Rationality, Behavioral Economics and Public Policy
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Happy 90th Birthday to Professor Israel M. Kirzner (February 13th 1930)
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Symposium on F A HAYEK (Palgrave, 2018)
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Some Recent Papers That Might Be of Interest, as well as some essays
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The Beautiful Patterns of Nature
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G. L. S. Shackle on Alan Coddington’s THEORIES OF THE BARGAINING PROCESS
David Stockman’s Contra Corner
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Fire In The Hole! Why The Eccles Building Should Burn To The Ground
The level of Fed group-think sophistry, circularity and plain old humbug has gotten so bad that there is nothing left to do other than what the British Navy would have done if the Eccles Building had been there in 1812. Namely, burn it to the ground. These people have become so inebriated with their own […]
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Say’s Law Versus Keynesian Humbug
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What’s Good For The (Roger) Stone Should Be Good For The Clap(per)
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The Fed Heads’ Give Mendacity A Wholly New Definition
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Time Again For Triple Digit Dollar
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Buy The Dip! With Half of China Locked Up, Car Sales Plunge 92% But Xi’s Got This!
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Mini Mike’s $60 Billion—The Apotheosis Of Keynesian Central Banking
EconLog Library
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Will We Run Out of Energy or Other Resources?
I just came across a talk I gave at the Naval Postgraduate School in my last few months on the faculty. It’s titled “Will We Run Out of Energy or Other Resources?” Short answer: No. It’s here. I haven’t done my usual time stamping. But my favorite part is about the Julian Simon bet. It starts at 15:16 and my favorite slide is at 21:23. The $10,000 bet that I offered Paul Krugman is at 29:16. At around the 35:00 point it segues into...
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Are the US and the UK political systems converging?
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The Problem of Aggregating Capital
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Oren Cass as a gift to Bernie Sanders
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Winners, Losers, and Interesting Aspects of the Dem Debate
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Paul Romer’s second critique of economics
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Neoliberalism as a term of abuse
Jay Taylor Media
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Coronavirus Cases Doubling Overnight In Many Countries
Boy this is not good… Covid-19 cases are leaping higher in disparate countries around the globe — doubling overnight in South Korea, Italy and Iran. New research continues to clarifying how *extremely* contagious this virus is (as the rash of worldwide infections confirms). It increasingly looks like the only hope countries have of containing covid-19 is to use the draconian mass quarantine efforts that China is enforcing on its populace....
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Investors Are Piling Into Safe Havens on Coronavirus Fears
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REPLAY VIDEO: Coronavirus Q&A Webinar #2
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It’s Easy to Believe AOC Has an Economics Degree
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The Coronavirus Pandemic Is Accelerating Worldwide
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“Why I canceled my Tesla roadster order” – Mike Maloney
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Gold Rallies As Fear Takes Center Stage
Keith Weiner
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Widening Bid-Ask Spreads, Gold and Silver Market Report 17 February
The price of gold rose $14 and the price of silver fell $0.07. The gold-silver ratio rose further with this price action. Welcome to our new Gold and Silver Market Report, or “Market Report” for short. We are separating this from the economics essay, which was attached for many years. As they used to say in many toy commercials of yore, “batteries sold separately”—or in this case essays. The new Market Report is going to depart from the...
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Monetary Metals Gold Brief 2020
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Monetary Metals Gold Outlook 2020
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Central Planning Vs. Economics, Report 29 Dec
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Open Letter to John Taft, Report 17 Dec
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The End of an Epoch, Report 8 Dec
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Money and Prices Are a Dynamic System, Report 1 Dec
LewRockwell
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How Trump Made the Federal Courts Blink
A quick back-and-forth occurred over the last week between President Trump and the nation’s federal judges. After lying to Attorney General Barr about seeking a minimum sentence, the prosecutors in the Roger Stone case (including two from the Mueller Crew) entered a harsh sentencing recommendation that he serve a decade behind bars for lying to Congress. President Trump rightly criticized the prosecutors for their double standard in...
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Freedom and Prosperity in Liechtenstein: A Hoppean Analysis
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Bloomberg Flunks Acting School
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The Death Of Free Speech: Zuckerberg Asks Governments For Instructions On ‘What Discourse Should Be Allowed’
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School vs. the Gateless Gate: Fixing the Damage
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The State and Heresy
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Blagojevich Is Finally Free, But Justice Has Not Been Served
Mauldin Letter
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Why Americans Want Socialism
As I write this, a self-proclaimed “democratic socialist” is leading the race for one of our major parties’ presidential nomination. The fact that so many Americans (especially young Americans) support Bernie Sanders ought to tell us something. A Quinnipiac poll out this week showed Senator Sanders with 54% support among Democrats age 18–34. Meanwhile, 50% of adults under 38 told the Harris Poll last year that they would “prefer living in a...
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Depending on the Undependable
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The Hits to GDP
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Dismissing the Experts
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Nose Blind to Inflation
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Looking on the Bright Side
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Decade of Living Dangerously, Part 2
Max Keiser
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Omens, Portents, Karma and the Mandate of Heaven
What makes humans unique among social mammals? Some say humor, I would nominate superstition: regardless of how hard we promote our rationality and logic, humanity continues to sense portents and omens in events and feel the intangible tug of karma: the consequences of past actions that we arrogantly thought we’d escaped forever. Michael Snyder recently compiled a list of peculiarities that are raising eyebrows around the globe: One, sure,...
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The World Is Awash in Oil, False Assurances, Magical Thinking and Complacency as Global Demand Careens Toward a Cliff
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[KR1503] Keiser Report: #CoronaVirus Rally
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COVID-19 Pandemic: The Complacent Are Clueless
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[KR1501] Keiser Report: Lessons from History
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The Fed Has Created a Monster Bubble It Can No Longer Control
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The Violent Collision of Market Fantasy and Viral Reality
Mercatus Center
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New Research on Currency Manipulation and Medical Drones
Currency Manipulation: Reframing the Debate and Currency Manipulation, Saving Manipulation, and the Current Account Balance Scott Sumner | Working Paper Currency manipulation has become an increasingly important flashpoint in negotiations involving international trade and finance. Unfortunately, the issue is not well understood, nor is it clear how the term “currency manipulation” should even be defined. In his new working paper, Scott Sumner...
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A Progressive Economist Makes the Case for Free Trade and Immigration
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Mercatus Scholars' Most Influential Books: Robert Graboyes
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Accounting for the Opportunity Cost of Capital in Cost-Benefit Analysis
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Medical Drones in the United States and a Survey of Technical and Policy Challenges
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Sectarian Networks and Big Personalities Will Decide the Presidential Election
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Currency Manipulation: Reframing the Debate
Mises institute Canada
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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....
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Defencemen Logan Stanley and Tucker Poolman will get their first flavor
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the Caps return household to participate in their very last two games
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Ottawa Senatorshave now secured an Eastern Conference berth within the 2017 Stanley Cup playoffs
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the Sabres just take on Arizona within the desert
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Red Wings have named residence has experienced its individual special aura
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The Predators once-a-year Fathers Journey begins tonight in Philadelphia
Mises Institute USA
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The Origins of Nazism
[An excerpt from Omnipotent Government: The Rise of Total State and Total War, originally published in 1944 by Yale University as the first full-scale examination of German-style National Socialism as a species of socialism in general.] 1. The Ancient Regime and Liberalism It is a fundamental mistake to believe that Nazism is a revival or a continuation ...
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When It Comes to Raw Power, Few Have More of It Than Central Bankers
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Tax Burdens, Per Capita Income, and Simpson’s Paradox
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Capitalism vs. Socialism
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Individual Responsibility and Guilt
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Pennsylvania’s Anarchist Experiment: 1681–1690
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Why Rothbard Wanted “Radical Decentralization”
Peter Schiff
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Fun on Friday: Scared of Gold??
The interwebs are a strange place. We can learn about virtually anything with a few keystrokes. We have all kinds of information right at our fingertips.Unfortunately, a lot of it is utter BS.For instance, there was a video that went viral that made some people scared of gold.Back in the day, the theory was that people weren’t dumb. The problem was a lack of access to information. The internet ostensibly solves that problem. But I think the...
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Gold’s Breakout! SchiffGold Friday Gold Wrap Feb. 21, 2020
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Inflation By Another Measure
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Peter Schiff: Gold Is Your Only Alternative
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Peter Schiff: Printing Money Is Not the Cure for Cononavirus
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Peter Schiff: The Fed Is Responsible for the Rise in the Stock Market
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Silver Expected to Shine in 2020
Robert Murphy
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BMS ep. 101: Tim Terrell on Why Big Business Favors Environmental Regulations
Tim told me some stories that I had never heard before. Audio here, and video below. [embedded content]
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“Why Does God Allow Bad Things to Happen?”
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Bob Murphy Show Twin Spin
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Bob Murphy Show ep. 99: Interview With Don Boudreaux
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BMS ep 97: Lyn Ulbricht on the Absurd Trial and Sentence in the Silk Road Case
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Bob Murphy Show ep. 96: Why I Am Still an Austrian Economist
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Dirty Secrets About the CLEAN Future Act
Tom Woods
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Ep. 1596 What Punishments Do Criminals Deserve, and Other Questions in Libertarian Theory
Download Audio
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Ep. 1595 Suing the New York Times for Libel
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Ep. 1594 In Defense of Corporate Raiders, Organ Merchants, and More
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Ep. 1593 Defending the Undefendable: A Libertarian Defense of Despised People
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Ep. 1592 Walter Block: I Lost a Debate to Ayn Rand
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Ep. 1591 Libertarianism: The Non-Embarrassing Version, With Scott Horton
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Ep. 1590 Peter Schiff on Trump, and How to Protect Your Money
Wolf Street
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Subprime Credit Card Delinquencies Spike to Record High, Past Financial-Crisis Peak, as Other Consumers Relish the Good Times. Why?
I’m not worried about banks or investors in subprime-credit-card backed securities. If they take a beating, fine. But what does this bifurcation tell us about consumers? By Wolf Richter for WOLF STREET. The rate of credit card balances that are 30 days or more delinquent at the 4,500 or so commercial banks that are smaller than the top 100 banks spiked to 7.05% in the fourth quarter, the highest delinquency rate in the data going back to the...
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So That’s the End for Air Italy. And More Airline Money-Pits
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California Auto Woes
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Ecommerce Spikes by Most Ever. Brick & Mortar Melts Down. Department Stores are Toast
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Coronavirus Slams Airbnb, Airlines, Hotels, Casinos, San Francisco, Other Hot Spots
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It Gets Surprisingly Ugly: US Freight Shipments Plunge 9.4%, Steepest since 2009
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Who Bought the $1.3 Trillion in Debt the US Government Added to its $23-Trillion Pile in 12 Months?
Zerohedge
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Mapping Out The Banking Elite’s Goal For A Cashless Monetary System – Part Two
Authored by Steven Guinness, In the first part of this article we traced the development of the ‘Utility Settlement Coin‘ – a project that began in 2015 and which has now evolved through the inception of a consortium called Fnality International. Fnality are comprised of a number of the world’s biggest banks including Barclays and UBS, all of whom are shareholders in the scheme. Their objective as stated on the company’s website reads:...
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Where Have You Gone, Smedley Butler? The Last General To Criticize US Imperialism
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Visualizing The Cost And Composition Of America’s Nuclear Weapons Arsenal
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Fat Women Are Not A National Priority
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Unfriendly Skies: Southwest Airlines Wants You To Call Out Bad Behavior
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Behold The “Green” Scam: Here Are The Most Popular ESG Fund Holdings
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The US Is World Leader In Bio-Weapons Research, Production, & Use Against Mankind