Patrick Barron: The End of the US Dollar Imperium, Part 2 Jeff Deist and Patrick Barron continue their discussion on monetary imperialism. They delve deeper into US dollar supremacy, and how it might end with a whimper instead of a
Archive for October, 2014
My interview on Mises.org re: The End of the US Dollar Imperium, Part 2
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My latest interview on Power Trading Radio re: European developments that may prove positive in the long run
Click below to hear my latest interview on Power Trading Radio. I discuss in more detail the various movements in Europe that I view as economically positive in the long run. The interview last approximately one half hour with two
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The Dangers of Settled Science
Evolution is one of the most cherished doctrines of the worshippers of science. Whenever we hear the angry shouts of settled science, it is either in reference to climate change or evolution. Anyone who dares question these theories is treated
Keynes was a failure in Japan – No need to embrace him in Europe
Reprinted from DetlevSchlichter.com Draghi’s volte-face two weeks ago has emboldened the Keynesian majority in the media and in economic research departments. It has injected new life into their relentless campaign for yet more state intervention in the Eurozone economy. It
The Housing Boom Returns
For the last decade (or more), Canadians have been ebullient about their home-grown housing boom. Home prices in Toronto have grown by leaps and bounds over the past decade. New homeowners have rushed in to take advantage of what seems
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The Deflation Boogeyman
Here we go again. A plunge in oil prices has spurred a bevy of articles from the bought-and-paid-for media, as well as quasi-governmental agencies, alerting us of pending disaster if deflation were allowed to make an entrance, however briefly. Never
The Market and the State
[Originally published in German in 1968. Reprinted from Mises.org] For every species of animals and plants the means of subsistence are limited. Hence every living being’s vital interests are implacably opposed to those of all members of its own species.
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QE’s Seeds are Already Sown
The Federal Reserve has finally ended its quantitative easing programs. Since the financial crisis of 2008, the Fed has pursued what seemed like an endless policy of asset purchases. As recently as September 2008 the monetary base in the US
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Ebola Won’t Wait for the FDA
Just as fear of Ebola gaining a foothold in the United States in Dallas seemed to be passing, a new case has appeared in New York City. Even if we are so fortunate that no further cases result from this
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Dudley the Dud
Six years after the financial crisis rocked the world economy, it’s a safe bet to say the Federal Reserve will never take responsibility for the debacle. And why should it? To both mainstream pundits and academics, the Fed saved the
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Regulate through taxation
One lesson from the United States’ Obamacare debacle has been that if Congress can’t get its way through regulation, it can always resort to taxes. At least that’s the Supreme Court’s view, after it declared the Affordable Care Act constitutional
Mises on Policy 1.1
Is New York City’s Proposed Ban on the Use of Supplemental Nutrition Assistance Program Benefits for Purchases of Sugar-Sweetened Beverages Effective Policy? Larissa Flister In 2011, New York City mayor Michael R. Bloomberg proposed a ban on using Supplemental Nutrition
Why Money Doesn’t Measure Value, Part II
In a previous post, I explained why Ludwig von Mises was so adamant that money doesn’t “measure” value, in the way that a ruler measures length or a scale measures weight. But I could tell from the discussion on my
The Fed: Strangling the Saving Ethic and Values
Reprinted from Casey Research Saving was once drummed into our heads as the prudent thing to do. How many times did you hear, “A penny saved is a penny earned”? Now some argue it’s not worth anyone’s time to pick
Patrick Barron interview with Jeff Deist re: The End of the US Dollar Imperium-Part 1
Play video Jeff Deist and Patrick Barron address the issue of monetary imperialism. How does the US use the dollar as a weapon of economic and cultural power? How long can it last? What might the unprecedented… 00:17:01 Added on
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Would Milton Friedman Endorse Today’s “Market Monetarists”?
In addition to the (New) Keynesians and the Austrians, a major school of economic thought has been the monetarists in the Chicago School tradition, led of course by Milton Friedman. In recent years, however, a new school has arisen-the so-called
Europe’s banks are going bust, and accounting tricks will not save them
Europe’s Gong Show at Work: Back Taxes and Busted Banks The EU is doing everything it can to paper over the fact that its policies have turned the banks into what David Stockman likes to call “Roach Hotels”, where bad
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Cass Sunstein Doesn’t Understand Rationality
People are still apparently paying attention to Cass Sunstein and his insidious brand of “nudge” economics, and so it is necessary to continually expose the economic, ethical, and moral fallacies inherent in his philosophy. In brief, Sunstein contends that humans
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Legal Victory for the IRS
With the IRS scandals of early 2014 all but a distant memory, some closure is coming to the groups that the long arm of the tax law harassed. Unfortunately the verdicts aren´t going the way the affected would like. The
Einstein, Socialism and the Relativity of Intelligence
(original version in Italian: http://www.movimentolibertario.com/2014/10/einstein-il-socialismo-e-la-relativita-dellintelligenza/ - translation by author) The fact that socialism, in every single one of its expressions (“right”, “left”, “no-global”, incoherently pro-market, etc.), is linked to an objective and specific deficiency of intellectual ability, is well known
