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Recent posts on Economics
Walter Block discusses Austrian Libertarianism and reappropriation. Walter Block in Terrebonne Parish « LewRockwell.com Blog.
Is Lucy Right? Should Insurance Be a Nickel? Mark Thorton says Lucy is right and that if we were on a gold standard that may be a very reasonable price. A return to the gold standard would be good for life insurance, just as it would improve so many things in our lives. The wisdom [...]
Walter Williams explains the differences of price versus cost: Suppose you buy a gallon of gas for $3. How much did it cost you? You say, “Williams, that’s a silly question. It cost $3.” That’s where you’re mistaken, because there’s a difference between price and cost. To prove that price and cost are not the [...]
From The Circle Bastiat By Joseph Salerno Monday, May 13th, 2013 In an interview on The Lew Rockwell Show, economist Harry Veryser of the University of Detroit-Mercy and author of It Didn’t Have to Be This Way shared the following recollection: I remember being in a conference with Ludwig von Mises in the sixties at FEE [the Foundation for Economic Education]. [...]
Why is it so difficult for young people to find jobs today? Professor Carrie Kerekes offers three reasons. 1. Mismatch of skills: Many young people may lack the skills employers desire or require. They may have college degrees but not in fields where jobs are available. Government may help subsidize college costs, but getting a [...]
Sometimes you need to do something different to get a message thru or just plain get thru to someone. This is an entertaining way to do so for the basic laws of Supply & Demand. Enjoy.. This song was created to enter the Supply and Demand Video Contest sponsored by Fayetteville State University’s Hackley Endowment. [...]
Joseph Salerno posted an awesome video over at The Bastiat Circle. Learn about subjective value in this hip-hop inspired value. Subjective Value in One (Hip-Hop) Lesson :: The Circle Bastiat.
Central planners try to overcome uncertainty by substituting formulas for entrepreneurial judgment. They believe that they can replace the price system with commands, but they miss the whole purpose of individual action on the free market. As Ludwig von Mises said, they make “not the slightest reference to the fact that the main task of [...]
From Tyler Durden via ZeroHedge #1 The Greatest Period Of Economic Growth In The History Of The United States Happened When There Was No Central Bank #2 The Federal Reserve Is Systematically Destroying The Value Of The U.S. Dollar #3 The Federal Reserve Is A Perpetual Debt Machine #4 The Federal Reserve Is A Centrally-Planned [...]
Recorded at the Ludwig von Mises Institute in Auburn, Alabama, on 15 April 2013. From: Taxes Are What We Pay for an Impoverished Society , Monday, April 15, 2013 by Matt McCaffrey via Taxes and the Black Hole of Government Spending – Mises Media.