Austrian Business Cycle Theory

Here is the essential reason I rail against the Federal Reserve on a regular basis. If you want to understand the seminal foundation for Austrian economics, here is your chance. Ron Paul published a basic version of Austrian Business Cycle Theory (ABCT) today in the Wall Street Journal, which is a theory that very capably…

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Inflation as Understood within Modern Governmentalism

The Consumer Price Index (CPI) is a method by which economists determine the effects of inflation (the increase in price of goods over time) on household spending. It has provided a somewhat reliable way to determine how money is losing value. The problem is, today’s CPI no longer reflects inflation, as it was gutted by…

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Missing the Point

As expressed in a post yesterday, the Occupy Wall Street people seem to be missing the point, as most are Obama-y, class-warfare types. Money isn’t the problem, at least not in itself. The state is. Let’s take a systematic look at on member’s proposed demands, which my dad sent me today… Demand one: Restoration of…

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OUTLAW THE SUN

Frédéric Bastiat (1801-1850) is my favorite economist. Even though he lived over 150 years ago, his social, political, economic, and fiscal criticisms of newly-socialist France were spot on. Eerily, they are just as pertinent to today’s America, especially to dispelling the fallacies that the political, media, and academic classes consistently air. The following essay speaks…

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September Superpost – In Pursuit of Virtue, September Vol. 2

Everything & All at Once. From the “I didn’t know these things” file… The presidential debates aren’t really debates at all, at least, no more than professional wrestling is real combat. Remember the word “softball” when you ponder watching the debates next year… The IMF is beginning to rate the U.S. economy as in decline.…

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