Love of Liberty

Teaching & The Market Price

It's very common to hear something like the following: "How can someone like Adam Sandler make $20 million per movie, while a teacher makes a pittance?" This is usually followed by a declaration on how everyone's priorities are messed...

Published Sun, Aug 17 2008 12:54 PM by ChrisR

Filed under: free market

Lower Oil is Not a "Tax Cut"

The fact that the price of oil has dropped considerably does not constitute any kind of "tax cut." When the price of oil increases once again, are we supposed to call it a tax increase ? How did the price of oil get singled out for such a distinction...

Published Tue, Aug 12 2008 9:47 AM by ChrisR

Filed under: oil, taxation

Tackling a Stock Market Myth

Stock Prices Up = Good Stock Prices Down = Bad Is this correct? Anyone familiar with shorting knows that it's not correct. Some people make a very good living profiting off price declines. Try telling them that lower prices are bad. However, if you...

Published Sat, Aug 09 2008 4:20 AM by ChrisR

Filed under: stock market

Demand Destruction = Poor Choice of Words

The term "Demand Destruction" strikes me as a bit absurd. For example, let's say Bob & Joe are going to make a simple trade. Bob produces apples and Joe gives haircuts. The terms of the trade are 10 apples for 1 haircut. Bob's supply...

Published Fri, Aug 08 2008 1:43 PM by ChrisR

Filed under: inflation, supply and demand

Has the "Oil Bubble" popped?

Since the price of oil has finally broken to the downside, I've seen a lot of talk of how the "oil bubble" has finally popped. What's interesting to me is the exact opposite occured when the stock market initially broke back in 2000...

Published Thu, Aug 07 2008 4:16 PM by ChrisR

Filed under: oil

Record Profits for Oil Companies...What Does it Mean?

With oil companies earning record profits, there have been calls for a "windfall profits" tax to be placed on them by the government. From an economic point of view, this totally ignores the meaning of profits and losses. Oil company profits...

Published Mon, Aug 04 2008 11:30 AM by ChrisR

Filed under: supply and demand, oil

Presidents & Technology

It appears John McCain has admitted to not being able to use a computer. I've seen several conversations on the Internet about this subject....on why it is (or isn't) important that he know how to use computers. I personally could care less. My...

Published Tue, Jul 29 2008 12:30 PM by ChrisR

Filed under: President, technology

Inflation "Targeting"

What if the Fed set a goal for themselves to contain inflation at 3%? Let's assume (and this is a huge assumption) that government can control its spending to the point where 3% inflation is maintained. Is this the ticket to success? Well let's...

Published Mon, Jul 28 2008 11:24 PM by ChrisR

Filed under: inflation, federal reserve

Is it Greenspan's Fault?

Greenspan's book has been released, and it just so happens the recession that he helped create is occuring at the same time. I've been reading a lot of complaints about the many mistakes that Greenspan made as Fed Chairman. But how much blame...

Published Sun, Jul 27 2008 7:25 PM by ChrisR

Filed under: business cycles, greenspan, federal reserve

My Thoughts on "Cash For Clunkers"

Alan S. Blinder wrote a piece for the NY Times , in which he suggests the government buy up old vehicles ("clunkers") and scrap them in order to stimulate the economy, help the environment, and improve income inequality. I'd like to comment...

Published Sat, Jul 26 2008 8:37 PM by ChrisR

Filed under: interventionism

You Can't Force People to Value "Health"

Over on the LRC blog, Karen De Coster wrote a post covering the news that Los Angeles authorities are going to ban the opening of new fast food restaurants within a 32-square-mile area of the city. Karen then pointed out that: "Obesity and the non...

Published Fri, Jul 25 2008 4:11 PM by ChrisR

Filed under: regulation

Free Healthcare = Shortages & Rationing

The other day my wife and I were in the supermarket. I walked over to the soup aisle to buy my favorite Campbell's soup. Unfortunately, I arrived to an empty shelf. All of the other soups were there except my favorite. Why? It was on sale. The shelf...

Published Thu, Feb 21 2008 7:21 PM by ChrisR

Filed under: healthcare

Murray Sabrin on Ron Paul & The Fed

Murray Sabrin is a very eloquent "Ron Paul Republican" who is running for the U.S. Senate in NJ. Here is a YouTube of Mr. Sabrin on Ron Paul & The Fed.

Published Thu, Jan 31 2008 2:08 PM by ChrisR

Filed under: ron paul, federal reserve

Follow The Mises Institute on Twitter: ASC etc.

If you're a Twitter user, you can now follow The Mises Institute below: http://twitter.com/mises The comments have been fabulous

Published Tue, Jan 29 2008 7:15 AM by ChrisR

Then & Now: My Attitude on Convincing Non-Austrians

I can vividly remember my first exposure to Austrian Economics. Around 7 years ago, during the dot-com crash, I stumbled upon an article by George Reisman that explained the Austrian Business Cycle Theory. My eyes were instantly opened, and I've been...

Published Sun, Jan 27 2008 11:01 AM by ChrisR

Filed under: debate

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