Monthly Archives: May 2012

Madness

From EconomicPolicyJournal.com, “Demand is So Strong for Government Program Paying Farmers Not to Plant Crops That Some Were Turned Away“. This is nothing new, the federal government has been paying farmers not to produce for decades. This is known as … Continue reading

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Inflation or Deflation?

One of the great debates of the current depression is what is the end state, a hyperinflationary or deflationary collapse? While there are valid arguments on both sides, it is certainly not clear to me which argument is more valid. … Continue reading

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The Production of Security (De la production de la securité) by Gustave de Molinari

Gustave de Molinari‘s famous essay, “The Production of Security“, has an interesting role in the development of free market thought. Molinari was born in Belgium in 1819. By the 1840s he was living in France where he became steeped in … Continue reading

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Bernanke’s ZIRP and Consumer Spending

To adherents of the Austrian school of economics, the zero interest rate policy (ZIRP) of Federal Reserve chairman Bernanke presents a myriad of problems. In this post, I would like to mention one particular problem. Bernanke claims that ultra low … Continue reading

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