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Posts tagged as “Economics”

Barack Obama and the Price of Change

The Competitive Enterprise Institute, an important organization dedicated to advancing the principles of free enterprise and limited government, has a short (one minute) video that…

The bailout reader

The events taking place in the financial market offer an illustration of the soundness of the Austrian theory of money, banking, and credit cycles, and, which has long warned of precisely the scenario playing itself out today, is your source not only for analysis of these events but also the economic theory that helps explain what is happening and what to do about it. There are many thousands of articles available, and also the full text of thousands of books as well as journal articles.

Big Government Is Not Stimulus

From the Center for Freedom and Prosperity Foundation. In less than four minutes, Dan Mitchell of the Cato Institute reviews the theory and history of…

I Tested My Politics

I came across a test designed to place you and your political thoughts on a map of political ideologies. The test I took is here.…

Markets are the best regulators

Since the start of the current financial crises, we're told that markets are at fault. The most common diagnosis is that there's not enough regulation in place, and only a move away from reliance on markets and toward more laws and regulations will save the economy.

Who is Responsible for Inflation?

Walter Williams explains the difference between counterfeiting and monetary policy. He explains that "inflation results from an increase in the supply of money relative to the demand for money." He asks who, then, is responsible for inflation? In the United states, who is able to create money? The answer, of course, is the Federal Reserve System, and they're creating it by the bucketful. Williams asks whether we really need our central bank, and answers his question with a history lesson. He makes a recommendation how to get our of the trouble we're in.

Applying For Food Stamps: American Duty?

A television news story from yesterday in Wichita went like this: Television news anchor: “Some may think that using food stamps is a drain on…

The New Deal in Retrospect

Many people refer to incoming president Barack Obama as the next FDR. The myth of Franklin Roosevelt — primarily that he cured the Great Depression…

New Deal Shouldn’t Be Our Template for Recovery

Can huge government spending programs rescue our economy? Amity Shlaes doesn’t think so: The New Deal is Mr. Obama’s context for the giant infrastructure plan…

Pat Buchanan Tallies the Total

The news from Washington over the past few months — $25 billion here, $700 billion there — is hard to keep track of. The amounts…

New York Times: 10 Weeks of Financial Turmoil

The New York Times has a nicely-done interactive timeline of the events since September 7, 2008, when the government took over Fannie Mae and Freddie…

The Austrian Prescription for Today

Murray N. Rothbard, in his book For a New Liberty: The Libertarian Manifesto, wrote a chapter that is highly relevant to the situation we face…

Introducing Economics in One Lesson

In This Book is So Me, Walter Block introduces a book that I’ve quoted from and used extensively: Economics in One Lesson by Henry Hazlitt.…

Bryan Derreberry and the Chamber’s goals for Wichita

When the head of a chamber of commerce speaks or writes, it pays to listen or read carefully. While chambers are nominally pro-business, that's a long way from saying they're pro-liberty. Instead, they increasingly exist to serve a narrow interest. Using words and language like "pride," "community," "investment," and "economic development" -- all words that people can agree with, their flowery messages hide their real agenda.

Wichita Chamber of Commerce values

Here's a message that Bryan Derreberry, president of the Wichita Metro Chamber of Commerce, sent to Chamber members. Note that this message doesn't mention the role its political action committee played in the third Sedgwick County Commission district. In that race, the PAC spent some $19,000 of its $48,000 in an effort to elect Goddard mayor Marcey Gregory. Her opponent, longtime taxpayer advocate Karl Peterjohn, is just the type of candidate you'd expect chambers of commerce to support.

Pragmatism must recognize reality

Any editorial that starts with "Karl Marx was right about at least one thing ..." deserves close examination, especially when it appears in Kansas' largest newspaper and is written by that newspaper's former editor. The thrust of Davis Merritt's article is that the theory of free markets hasn't worked: "We're painfully experiencing right now the unraveling of neat free-market theory." (Pragmatism needs to trump ideology, November 18, 2008 Wichita Eagle)

Joe Scarborough: Please Stop Saying Laissez-faire

I’m listening to Joe Scarborough on MSNBC, and he says: “Laissez-faire capitalism is a wonderful thing except in this case …” I’ve heard stuff like…

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