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Hello Everyone, I'm new to the Mises online community. I am not however, new to the ideas of Austrian economics. I am currently reading End the Fed-by Ron Paul and then moving on to Road to Serfdom-by Friedrich A. Hayek. I would love to hear about your favorite books or suggestions. -Natalie
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Hey, I'm not entirely sure but can someone please explain to me what's going on at NYU? I'm interested in transferring to NYU and I'm wondering how they are in terms of Austrian economics. I know there are a few acclaimed professors of the subject that teach there but is there actually...
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Greetings all. This is my first post on the LvMI boards, so please be kind. Over the past year or two, I've done much reading and studying of the Austrian theory and I've come to embrace its principles. From time to time, I read opposing views. Some of them are weak and easily refuted. Some are...
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I think I've made what will be my final post on Economics at the Science Forums Network, as I'm increasingly under the impression that it is not worth any further time and effort, I've said what needs to be said... In any case I was wondering what you guys think of how well I performed in...
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I have been listening to Rothbard and wondering about wildlife, particularly game animals like the whitetail deer. Who owns the deer and how, in a free society, can we prevent the tradgedy of the commons? It is easy to see how private ownership of a deer herd might encourage good management, but how...
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How do we deal with a murderer or rapist, in a free-market world? I understand self-defense, but let's say you were raped anway, and the rapist got away? Or maybe s/he is caught later.. what do you do? Do you shoot the rapist? Take them to a free-market court? We can apply this to a murder, too....
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I just finished the lecture course by Peter Klein and Joe Salerno, the Causal-Realist Approach to Economics, and the last lecture on banking and the business cycle was very fascinating. However, I was confused when Mr. Salerno said that the costs go up in the capital goods industry. Firstly, bank reserves...
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[quote user="JackCuyler"] I tend to define insolvent as having a negative balance. Am I wrong? If not, it is impossible for a 100% reserve bank to become insolvent. If all deposits are simply stored, and all loans are made from real savings, as 100% reserve implies, the absolute worst possible...