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    My economics teacher is a whole sale idiot. We've gotten into several little scuffles over the course of class and I think it's fair to say that there is a mutual hatred between the two of us. I knew I was in for a doozy when on the first day he said that he'd earned his masters in economics...
    Posted to Political Theory (Forum) by ThisIsWhyYoureWrong on Wed, Aug 1 2012
  • Can economy theory explain elimination of slavery?

    I am always suspicious that there is a strong connection between economy and politic. Before slaves are the only way to get things done better. So incentive to support slavery is high. Then industrialization run high and low paid workers can get paid higher. More and more capitalists find it easier to...
    Posted to Political Theory (Forum) by genepool on Thu, Mar 15 2012
  • Re: Should Tennessee Firemen Have Let the House Burn? Read more

    The Best Argument Against the Free Market Anytime someone mentions anything about the free market that isn't immediately followed by "needs to be severely regulated and contained" or "is worse than a casino" or "is completely flawed, without compassion or morals"'s...
    Posted to Political Theory (Forum) by John James on Wed, Nov 16 2011
  • Exactly What is Going to Happen on July 15th?

    Not long ago, I found this blog post on Here it is: Just got a notice in the mail from my Forex broker. Apparently it is illegal to trade currencies against precious metals now. What a good way to show how safe the dollar is. From We wanted to make you aware of some upcoming...
    Posted to Current Events (Forum) by kingofkings92 on Sun, Jul 3 2011
  • The Liberty Portal - iOS app for Libertarianism and Austrian economics.

    Hello. I have developed an app for iOS which has been designed for those that love individual freedoms and free markets. The app shows article and video feeds. It has a chat feature for the #mises and #uklibertarian IRC channels. You can view like-minded individuals on a map and optionally share your...
    Posted to Announcements (Forum) by MatthewM64 on Fri, Jun 10 2011
  • What caused the housing boom/bust of the mid-1890s?

    I was reading Doug French's book about the housing collapse and came across the Shiller graph showing historical home values. I'm a self-taught student of economics and don't have the background that others might. I wanted to pick the brains of the Mises community on the housing spike/collapse...
    Posted to History (Forum) by ashleycsmith85 on Thu, Feb 10 2011
  • Found this comment on a CNBC article, what do you make of it?

    What do you think about this guys comment? Is he right? "What worries me (and hopefully many others who are paying attention) is that at the end of this year the US national debt will be nearly $14T, with total unfunded obligations (social security, medicare/caid, natl health care, etc) approx ...
    Posted to Current Events (Forum) by Jonathan on Tue, Aug 3 2010

    The US government paying off the national debt by borrowing more money, and/or printing more US bonds and selling them. This is an over simplification, but when these existing US bonds come due, the US government redeems these bonds with US dollars that are raised by selling more freshly printed new...
    Posted to Economics Questions (Forum) by Gerald Spencer on Fri, Mar 12 2010

    Dear bbnet: You have got it right! The US government is selling freshly printed paper US bonds that is being exchanged for our seed corn, instead of gold! Real wealth and real monetary value is created and/or acquired ONLY when the members of a family (or a nation, tribe, city-state, etc.) plant, grow...
    Posted to Economics Questions (Forum) by Gerald Spencer on Wed, Mar 10 2010
  • Re: Out of a job yet? Keep buying foreign

    Dear Peter: There is nothing more saddening or devastating than mass unemployment such as existed in countries such as Mexico or Asia in the last century. I have visited Asia several times on Business in the last part of the 20th century. Crime, family abandonment, divorce, selling your own 12 year old...
    Posted to Economics Questions (Forum) by Gerald Spencer on Tue, Feb 16 2010
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