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Greetings. A new free audiobook is available in The Rational Argumentator's Audio Section : http://progressofliberty.today.com/tra-audio/ The Austrian Theory of the Trade Cycle , compiled by Richard M. Ebeling; Read by G. Stolyarov II This book contains six essays by Roger W. Garrison, Ludwig von...
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I currently attend UAB (University of Alabama at Birmingham) and we have a small group we recently started called "Students for Liberty". We're the official UAB chapter of the Libertarian Party and we're trying to grow, but we just started a few months ago, so with summer downtime and...
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I was explaing the ABCT using Garrison's argument and I got this response: [QUOTE] Your model is not completely. First I'll assume that your increase in savings in due to economic growth (a change in MPS would irrelevant in the short run due to the Paradox of Thrift). This effects money demand...
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[quote]There is a good case to be made that banking, like many social needs, is a federal not a local issue, and so should have a federal bank. Interstate commerce is regulated by the federal government, not state governments. This is constitutional. You make many claims that I do not agree with about...
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In the midst of our economic slowdown, the U.S. Treasury Dept has issued what they are calling the "Blueprint for Financial Regulatory Reform". The highlights, as given by an article on Yahoo!'s website , are as follows: --designate the Fed as the primary regulator for market stability...
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It was Albert Einstein who stated that the definition of insanity is "doing the same thing over and over again and expecting different results." After the FED's cutting of interest rates by three-quarters of a point today , those of us wary toward centralized banking and the socialization...
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[quote user="Tuneman"] In order to be in a recession we need two quarters with a drop in real GDP, we haven't had one...How could someone predict a depression? [/quote] I reject this (agreeably widely adhered to) definition and it is not possible to measure GDP, even if the government were...
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Has anyone else seen (or rather heard) the interview with Jim Rogers on today's Bloomberg.com? He said the US government is lying about us being in a recession, that there has never been a soft landing, etc. Very Austrian. He moved to Singapore and has no investments in US Dollars, has shorted all...
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When you say that they find the writings of Rothbard too hardcore-libertarian, have you actually shown them or are you just assuming this will be their reaction? If it's the latter, then I would suggest showing them Rothbard's work anyway (specifically: The Case Against the Fed , What Has Government...
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According to Austrian Business Cycle Theory, the boom in the capital goods industries generated by artificially low interest rates will end unless interest rates are continually cut further. Why is this? It seems to me that all of the investment in the capital goods industries for that low interest rate...