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Tag Archives: Featured

“Democratic Socialism” Means the Loss of Liberty

Reprinted from EpicTimes.com Democratic Party hopeful, Bernie Sanders, recently outlined what it means for him to be a “democratic socialist.” The problem is that the same label might be applied to most of the other candidates running in both the Democratic and Republican parties running to be the nominee for presidency of the United States. One November 19, 2015, Bernie Sanders delivered a speech in which he outlined what he means when he calls himself a “democratic socialist.” He assured...

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How Now Shall We Behave?

Article was originally published in Faith & Freedom, March 1951. Reprinted from Mises.org “and they shall beat their swords into plowshares” – Isaiah 2:4 With the advent of war, what means are available to those who wish to resist the progressive socialization of American society? After every war, until the last one, the people took their liberty back. It was understood that they would; it was understood, in each case, that the government would surrender its extraordinary...

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What the Fed Did NOT do

We will not spend much time discussing what the FOMC did as tons of ink have been spilled on that already. We will rather spend more time on what the FOMC did not do. A short recap will suffice; the FOMC did raise the interest rate band by 25 basis points to 0.25 – 0.5 per cent from the seven yearlong band of 0 – 0.25 per cent. No surprise there as this move was well communicated weeks in advance. As discussed in Unintended Consequences of Liftoff the recent move to secure a floor in the...

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The Demand for Money and the Time-Structure of Production

Article originally published in Property, Freedom and Society: Essays in Honor of Hans-Hermann Hoppe. Reprinted from Mises.org Hans-Hermann Hoppe is famous for his ground-breaking studies on the epistemology of the social sciences, on the ethics of capitalism, and on democracy. But he also made original and important contributions in various other fields, such as monetary economics.[1] Money and banking were actually our shared research interest many years ago, when I first got in touch with...

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The Fed’s in a bind

Reprinted from GoldMoney.com One can understand the Fed’s frustration over the failure of its interest rate policy, and its desire to escape the zero bound. However, since the FOMC has all but said it will increase rates at its December meeting, events have turned against this course of action. The other major central banks are in easing mode, and the slowdown in China has further undermined both world trade flows and commodity prices. The result has been a strong dollar, which has...

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Planning, Science, and Freedom

[Originally published in Nature, no. 3759 (November 15, 1941), p. 581–84] Reprinted from Mises.org The last ten years have witnessed in Great Britain a strong revival of a movement that for at least three generations has been a decisive force in the formation of opinion and the trend of social affairs in Europe: the movement for “economic planning.” As in other countries — first in France and then particularly in Germany — this movement has been strongly supported and even led...

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The Shoemaker and His Capitalist Elves

Reprinted from Liberty.me One reason that the Brothers Grimm fairy tales have such appeal — more so than the folklore that came before — is that they deal with a world that is familiar to us, a world that was just being invented in the early 19th century, when these stories were first printed and circulated. They deal with people, scenes and events that affect what we call the middle class today, or the bourgeoisie. This was the world that serves as the backdrop to the tales of the Brothers...

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Is There a Right to Unionize?

Reprinted from Mises.org I resist the notion that we have a “right to unionize” or that unionization is akin, or, worse, an implication of, the right to freely associate. Yes, theoretically, a labor organization could limit itself to organizing a mass quit unless they got what they wanted. That would indeed be an implication of the law of free association. But every union with which I am familiar reserves the right to employ violence (that is, to initiate violence) against...

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How Peak Debt Constrain the Fed from Moving Rates Higher

We have argued for a long time that 2016 will probably be a year of recession in the US and the Federal Reserve’s intent on raising rates will only help expedite it. We believe the current rate cycle will be short lived as the Federal Reserve is constrained by the heavy debt load weighing on the US economy. Or more specifically, the large share of unproductive and counterproductive debt that drain the US economy for resources.  Source: Federal Reserve – Financial Accounts of the United...

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Understanding “Austrian” Economics Part 2

This article originally appeared in the Freeman, February 1981. Reprinted from Mises.org Mises on Human Action Though there is now a gratifying number of able young American economists writing in the Austrian tradition, Human Action still stands as the most complete, powerful, and unified presentation of Austrian economics in any single volume. Mises always generously acknowledged his indebtedness to his predecessors. He recalled in a short autobiography (Notes and Recollections, 1978) that...

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