Clik here to view.
The “Unemployment Is Voluntary” Myth
Loyd S. Pettegrew and Carol A. Vance of the Ludwig von Mises Institute ask and answer a question: Why does a large portion of the population choose not to work when there are many jobs available? The...
View ArticleClik here to view.
The Trouble With Shadowstats
Often, when I talk about inflation being low, people who disagree tend to cite John Williams’ Shadowstats as evidence that price inflation is not low at all. Now, I don’t disagree with the idea that...
View ArticleClik here to view.
What Are Interest Rates And Can They Be Artificially Low Or High?
Many economic commentators believe that interest rates in America and around the world are “artificially low”. Indeed, I too have used the term in the past to refer to the condition in Europe that saw...
View ArticleClik here to view.
Are Markets Informationally Efficient?
A key assumption in many mainstream macroeconomic models (both formal and informal) is the Efficient Market Hypothesis. Very simply, this is the belief that markets are informationally efficient — that...
View ArticleClik here to view.
What is Profit?
In neoclassical macroeconomic models that assume perfect competition, there can in the long run be no such thing as profit — defined as revenue left over after all costs have been subtracted. Clearly,...
View ArticleClik here to view.
A Critique of the Methodology of Mises & Rothbard
I find myself in the middle of a huge blowup between Max Keiser and Tom Woods over Mises, Menger and Austrian economics and feel that this is an opportune moment to express some doubts I have regarding...
View ArticleClik here to view.
The Origin of Money
Markets are true democracies. The allocation of resources, capital and labour is achieved through the mechanism of spending, and so based on spending preferences. As money flows through the economy the...
View ArticleClik here to view.
Bernanke vs Greenspan?
Submitted by Andrew Fruth of AcceptanceTake Bernanke and Greenspan appear to have differing opinions on whether the Fed will monetize the debt. Bernanke, on behalf of the Federal Reserve, said in 2009...
View ArticleClik here to view.
Out of the Liquidity Trap?
Professor Krugman has produced an interesting graph that — according to his calculation — suggests that while we’re not quite out of the liquidity trap, we are getting closer: It’s a useful...
View ArticleClik here to view.
The Non-Paradox of Inactivity
The Paradox of Thrift states: If everyone tries to save more money during times of recession, then aggregate demand will fall and will in turn lower total savings in the population because of the...
View Article
![ONEW – KAKERA -Unmei no Piece- – EP [iTunes Plus M4A]](http://is1-ssl.mzstatic.com/image/thumb/Music221/v4/d0/fb/86/d0fb86a5-ba60-4bea-41fb-7f54c125f518/VEATP-45908.jpg/296x296bb.webp)
