Category Archives: Political_Economy

A Weekly Dose of Hazlitt: More Inflation Ahead?

“More Inflation Ahead?” is the title of Henry Hazlitt’s Newsweek column from August 18, 1958. Inflation, a booming stock market despite falling profits, sky high price to earnings ratios, large budget deficits: the present may not be an exact repeat … Continue reading

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The Big Short Misleads on Ratings Agencies: Government Regulators Crippled the Market’s Self-Regulation by Robert P. Murphy

The most interesting part of Murphy’s article is how government regulations regarding credit ratings agencies prevented a vital feedback mechanism for evaluating their efficacy. ‘The Role of Regulation Finally, consider the role of government financial regulation. There are various rules … Continue reading

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Political Economy Quote of the Week for 20160118

“That roundabout methods lead to greater results than direct methods is one of the most important and fundamental propositions in the whole theory of production.” – Eugen von Böhm-Bawerk, The Positive Theory of Capital.

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Why We Need Markets To Know Who Should Own Western Lands by Ryan McMaken

“Why We Need Markets To Know Who Should Own Western Lands” is the title of an interesting article about changing land use patters in the western US as well as a reminder about the importance of prices to facilitate economic … Continue reading

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From Reason.com: A Fight to Decriminalize Cookies (No, Really) Plays Out in Wisconsin – Home bakers sue for the right to sell their wares

‘It is against the law to sell homemade baked goods in Wisconsin. Cookies, brownies, muffins, whatever. Those who violate the law potentially face up to $1,000 in fines and up to six months in jail. The only other state with … Continue reading

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A Weekly Dose of Hazlitt: Time-Deposit Inflation

“Time-Deposit Inflation” is the title of Henry Hazlitt’s Newsweek column from August 11, 1958. Here Hazlitt makes a point that only the Austrian school makes, inflation is the increase in money proper and fiduciary media in an economy, while the … Continue reading

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Why the War Party Dominates the Media by Justin Raimondo

‘Stephen Walt has an excellent albeit incomplete piece in Foreign Policy magazine that raises an important question: What accounts for the lack of anti-interventionist voices in the “mainstream” media? Walt uses the term “realist” as a synonym for anti-interventionist, in … Continue reading

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