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Libertarians assert that in a free market, people tend to get paid their marginal revenue product. This is hilariously silly. How the hell do you even calculate marginal revenue product? And don't give me this "the employers will calculate it" garbage - even if the employers of a given...
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Hello everybody, I am afraid I am asking in the wrong place. Does anybody of you know anybody else who has an account with Euro Pacific Bank? (The problem might be that this bank is not for U.S. citizens, so actually most people here at mises.org should not be able to open account with them.)
I am trying...
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What organization promote sound money? I'm especially interested in organizations running advertising campaigns. Here's my current list: Campaign for Liberty Cobden Centre Constitutional Tender Foundation for the Advancement of Monetary Education Gold Standard 2012 Gold Standard Solution InflationData...
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I've been thinking a lot about Gibson's Paradox the last few weeks, and I reread Barsky and Summer's paper on it. In the process, I think I came up with a model that significantly improves on their version, although I am unable to provide a theoretical explanation of precisely how it functions...
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I made an account here to ask a question I have been pondering for some time. I understand why a gold standard might be a good idea, what the problems with fractional reserve banking is, why central bankers cant get the rate right, why falling prices isnt a bad thing and so on. Say a country adopted...
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Wyoming Introduces ‘Doomsday Bill’ To Prepare For Collapse of Federal Government Legislation lays plans for alternate currency in aftermath of US dollar devaluation Paul Joseph Watson Infowars.com Monday, February 27, 2012 Lawmakers in Wyoming have introduced a bill that would compel the...
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Hello I simply assume that after cutting dollar from gold that financial instability has drastically increased, as actors will have a hard time guessing the future value of money. Are there however any empirical work done on this as I imagine it has been ? Thank you, Aman Mender
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Bitcoin is based on a general platform that is largely unassailable through any currently existing means and not specific to financial concerns. It is more a system of management that works well in a monetary function. That management is the key difference, otherwise it operates no differently than existing...
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I always thought so. What say everyone else?
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http://www.theblaze.com/stories/these-states-will-suffer-the-most-in-the-event-of-an-eu-collapse/ Some analysts believe that a collapse of the EU will have a calamitous effect on the U.S. economy. But exactly how will that play out, that is, who will get hit the hardest? Although every state would feel...