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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...
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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...
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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"...it's...
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Not long ago, I found this blog post on Lewrockwell.com. 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 Forex.com: We wanted to make you aware of some upcoming...
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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...
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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...
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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 ...
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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...
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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...
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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...