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The Subjective Nature of Time: From Bergson to Mises

Time is a unique resource in economics because we cannot create more of it and are subject to its limitations. Ludwig von Mises and the Austrians und…

3 weeks ago

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The Great Disconnect: When Wealth and Productive Ability Diverge

Thanks to the Fed’s creation of asset bubbles, the US economy is producing many billionaires. However, the savvy entrepreneur is becoming increasingl…

3 weeks ago

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Economic Calculation and a Southern California Beach Girl

Can a communist system flourish under a liberal government? Bernie Sanders says yes, but Melanie Armstrong, author of Chicken in a Strange Way, gives…

3 weeks, 1 day ago

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Warsh’s Concerning Interest in Redefining “Inflation”

Although it's true that many government-driven price hikes in recent years aren’t “inflation” in the strict sense, the pain they cause is just as rea…

3 weeks, 1 day ago

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Trump’s Iran Predicament Is His Own Fault

Trump is trapped in a genuinely difficult situation as he tries to reach a deal with Iran. But it is a crisis of his own making. Also, the establishm…

3 weeks, 1 day ago

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Praxeology as an Antidote to Hyperreality

Government economic policies reflect abstract ideas of what agents wish reality were like. Praxeology is not beholden to abstract economic fantasies.…

3 weeks, 1 day ago

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Remembering the Mogambo Guru

The financial analyst Richard Daughty, whose pen name was Mogambo Guru, passed away four years ago, but while he was alive, he produced spot-on criti…

3 weeks, 1 day ago

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Crazy Wealth Tax Proposals in California and New York City

As socialists gain power in American cities and states, they look to destroy the creation of wealth and to tax the wealth-creators into oblivion. We …

3 weeks, 2 days ago

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Beware the Neo-Primes

The latest rage among defense contractors is the rise of the high-tech “neo-primes,” firms which supposedly will apply “smart” militarization. Histor…

3 weeks, 2 days ago

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Justice Clarence Thomas, Harry Jaffa, and the Declaration of Independence

Did the Declaration of Independence carry a hidden message of abolition of slavery? Justice Clarence Thomas and historian Harry Jaffa believe that, b…

3 weeks, 2 days ago

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