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Famed Austrian economist Ludwig von Mises wrote in his seminal work, Human Action (originally published by the Yale University Press in 1949), that “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come...
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Hera
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Ron Hera
on
Tue, Oct 23 2012
Filed under:
Filed under: Federal reserve, inflation, BRIC, Gold, IMF, OPEC, CDS, OTC derivatives, unemployment, Ben Bernanke, Brazil, debt monetization, RMB, U.S. dollar, International Monetary Fund, European Central Bank, ECB, Austrian economics, crude oil, LIBOR, mortgage fraud, securities fraud, Baltic Dry Index, sovereign default, state sponsored terrorism, FASB, bank failure, credit default swaps, HFT, BDI, monetary policy, money laundering, debt levels, European Monetary Union, OMT, SDRs, debt downgrade, forclosure fraud, GAAP, Australia, zero percent interest rate policy, collapse, recession, stock market crash, High-Frequency Trading, gross notional amount, Ludwig von Mises, consumers, liquidity, deficit spending, Greece, Italy. unfunded liabilities, United Arab Emirates, Russia, QE3, quantitative easing III, South America, London Interbank Offered Rate, hyperinflation. gross credit exposure, Generally Accepted Accounting Principles, systemic collapse, EMU, SML. Special Drawing Rights, mark-to-market rule, Africa. Sistema de Pagamentos em Moeda Local, renminbi, ZIRP, Japan, ISDA, Human Action, sovereign debt crisis, Spain, ATS, India and China, Financial Accounting Standards Board, over the counter, Automated Trading Systems, International Swaps and Derivatives Association, Iran, South Africa, Europe, depression, financial markets, Portugal, Organization of the Petroleum Exporting Countries, outright monetary transactions, Los Zetas, UAE
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Subjectivism is the philosophy that reality is what we perceive to be real and that no underlying, true reality exists independent of human perception. In other words, the nature of reality for an individual person is dependent on that individual's own consciousness. It follows that each person experiences...
Posted to
Hera
by
Ron Hera
on
Sun, Jul 1 2012
Filed under:
Filed under: Federal reserve, Euro, Alan Greenspan, U.S. dollar, gold standard, John Maynard Keynes, British pound, European Central Bank, Japanese yen, counterparty, Subjectivism. Objectivism, Aynd Rand, moral hazard, price stability, central banking, confidence, economic volatility, economic rent seeking, Bank of England, Bank of Japan, currency debasement, fiat money, Austrian economics, François-Marie Arouet de Voltaire
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Well I know this may get boring. However the stock markets were temporarily high up the last few days. So be it. Just it does not change anything IMHO. We still have have the same problems as before and they are worsen every day, with every new bond. We have debts everywhere. Not even our money has some...
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Interest Rates and Risk by Alex Merced (Originally Posted at LibertyIsNow.com) In plenty of articles I've written or videos I've created I've discussed how interest raes can cause mal-investment and alter the structure of the economy. The increasing of the money supply and lower of interest...
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Economic Equality versus Economic Liberty by Alex Merced One of the fundamental divides among activist economics is what is the goal when thinking of policy and the economy. Progressives focus on Economic Equality and how policy can manipulate the economy to distribute resources in a more "equitable"...
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What does a Strong Dollar Policy Mean? by Alex Merced We always hear that the US has a "Strong Dollar Policy" yet all we see from the federal reserve is constant pump priming and quantitative easing. The purpose of the devaluation of currencies by different nations is to increase exports by...
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Creating Infrastructure for Private Regulation by Alex Merced Everyone on both sides of the aisle have empathy for consumers who are defrauded, swindled, and are tricked into entering trade under false premises. The debate isn't should there be mechanisms to protect and put oversight on the consumer...
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A Response to Alan Harvey's Demand Side Podcast by Alex Merced This is a Response to THIS episode of Alan Harvey's Demand Side Podcast As an anarcho-capitalist aspiring austrian economist , one may ask why would I bother consuming such media such as the Rachael Maddow Show or Alan Harvey's...
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Labor Economics #3 - The Minimum Wage by Alex Merced One of the most sancrosanct bastions of Labor laws is the minimum wage, and if you want to go beyond this article in learning about it listen to Roger Garrisons lecture on topic from Mises U 2010 . Essentially what I want to demostrate through a brief...
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Labor Economics #1 - Sticky Wages by Alex Merced The next few posts I'll be writing will be a series on some aspects of labor economics which will mainly center around wages and upward mobility. In this initial part of the series I'm going to address one of the main Keynesian buzzwords, "Sticky...
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The Federal Reserve, Price Stability, and CPI by Alex Merced While here at LibertyisNow.com I've been discussing several economic and philosohical concepts regarding individualism and Liberty, no war is won over night yet strewn across many hard fought battles. The battle at hand is similar to the...
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AlexMerced
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Alex Merced
on
Thu, Aug 12 2010
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Filed under: Federal Reserve, Austrian Economics, 1870, 1920, Andrew Jackson, Macroeconomics, CPI, Martin Van Buren, Microeconomics, Price Stability, History, 1913, 1929, Full Employment
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Summarizing Jorg Guido Hulsmann's Lecture on Deflation by Alex Merced Listen to his Mises U Lecture on Deflation One of my favorite topics and debates is the Inflation/Deflation debate, of Hulsmann has written extensively about putting him in my top 5 misesians (Murphy, Block, Woods, Hulsmann, and...
Posted to
AlexMerced
by
Alex Merced
on
Sat, Aug 7 2010
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Filed under: Prices, Deflation, Austrian Economics, Politics, Structure of Production, 1843, Power, 1870, 1920, 1839
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A Respone to Peter Kleins Lecture on Entrepeneurship by Alex Merced This is a Response to Peter Kleins Lecture on Entrepeneurship In this lecture Peter Klein does a great job discussing different aspects of defining the entrepeneur, so to sum up two of the main definitions discussed. Mises - The Entrepeneur...
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No, it was not to save the global economy, nor was it that the leader of the free world was needed to save the free market. Most average Americans can cite a common phrase or paragraph on who they blame for the current financial crisis, less are able to on why our American economy entered the recession...
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The natural state of affairs when market entry is free is for net utility gain from profit-orientated investment to tend to zero. This is not the same thing as average monetary gains because the marginal utility of money declines as the amount of money an individual or group has increases. Therefore...