-
Quote: "But now the central bank comes in and provides free money for people, can this then suppress market interest rates forever or will interest rates rise on the market in order to take into account the increased money supply and subsequent inflationary loss?" What does "free money for people" mean? That anybody can go and ask
-
Maybe he meant this: Foreign savers are lending US dollars. So they first have to obtain some USD. This is eventually done by selling goods/services to the US, that is, by increasing imports (from the point of view of the US), thus increasing the trade deficit at that time period.
-
Laurence Vance in this article is discussing the question whether being anti-abortion / pro-life is unlibertarian. Quote from the article: " Killing someone is the ultimate form of aggression. Especially a helpless, defenseless fetus that is only guilty of suddenly waking up in a womb. " ... " So again I ask: Why should it be considered
-
What do you think about this article re. shadowstats inflation stats? http://econologos.wordpress.com/2011/05/15/the-absurdity-of-shadowstats-inflation-estimates/#more-10 Quote: For 2005-2010, CPI-U says cumulative inflation was 13.4%, ShadowStats claims it was 60%. For 2000-2010, CPI-U says 28.7%, Williams says 144.7%. For 1990-2010, CPI-U says 73
-
How much from those 975 billion was spent on real education ? Education is important - too important to be managed by the state. And that gold is just a mineral? Then a good study book is just a paper.
-
May I suggest you a book The School of Salamanca by Marjorie Grice-Hutchinson. The pdf is available at mises.org. It is a small book, 150 pages. It has brief analysis of history of economic thought, especially regarding theory of value and just price, origin of money, etc.
-
I think he actually gives some arguments for that in his analysis of suply and demand in MES. I can't check it right now, will look tomorow.
-
Painting by Dominik Skutecky. I cannot find it in better resolution.
-
Fyodor Mikhaylovich Dostoevsky, who defended natural law and opposed moral relativism.
-
There is a book called Wages and Labor Markets in the United States, 1820-1860 By Robert A. Margo. I haven't read the book, but you can read a review here: http://mises.org/journals/qjae/pdf/qjae4_1_6.pdf Maybe it could be helpful.