The word capitalism was coined by none other than Karl Marx, who hoped that it would help in his crusade to denigrate the system of private property and free enterprise and to promote socialism. Â Marx insinuated that the only
Archive for May, 2011
The Man Who Inherited 40 Billion Pesos
If there ever was a hall of fame of countries that resort to money printing as a regular instrument of public finance, Argentina would definitely merit induction. Reading Vito Tanzi’s insightful and engaging book, Argentina: An Economic Chronicle, I came
The separation principle and the US dollar
Please, click here to read this article in pdf format: may-16-2011 A week later, the sell off in commodities has continued, due to the global deleveraging that is taking place. It has been so serious that the media everywhere is
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Austrian Economics meet in Toronto
Hello fellow Austro-Canadians, I would like to remind everyone about the 1st Monthly Austrian Econ Meetup in Toronto, It will be held next Thursday May 19th at 7pm at Paupers Pub, 539 Bloor Street West, on the 2nd floor. All
The Case for the Gold Standard
by David Stockman This talk was delivered at the New York Historical Society on May 8, 2011. And originally Published at LewRockwell.com It took 200 years to build and perfect the classic gold standard system; then it was destroyed in
Rothbard Was a Red
Why you need not choose sides among your favorite libertarians How quickly can libertarianism jump the shark? Try this experiment: Initiate a debate about intellectual property among a collection of well-read libertarians, then count how many seconds (not minutes)
A View from the Trenches, May 9th, 2011: “It starts with deleveraging, it ends with hyperinflation”
Please, click here to read this article in pdf format: may-9-2011 About two months ago, at the Austrian Scholars Conference of the Ludwig Von Mises Institute, a few asked us what it was like to live under hyperinflation, when they
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Travelling, State Free
Couchsurfing.com is a free online social network for backpackers and travellers. It brings together travellers who are looking for a cheap, usually free, place to stay, with apartment and house owners willing to host them. In order to first become
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Prices, Price Ceilings, and Subsidies
There’s an old saying that if you lay all the economists in the world in a straight line, you still wouldn’t reach a conclusion. That is very true on many matters economic, but there are a few instances where universal
Marx’s View of the Division of Laborx
The division of labor is a subÂject which has fascinated social scientists for millennia. Before the advent of modern times, phiÂlosophers and theologians conÂcerned themselves with the imÂplications of the idea. Plato saw as the ultimate form of society a
We understand you, Ben
Please, click here to read this article in pdf format: may-2-2011 Today we could discuss the most important developments that have unfolded since we last wrote on April 18th. We could discuss the rationale of Greece’s debt restructuring, the
