Musings from an Economics Student - All Comments

re: An Austro-Libertarian Review of Glenn Beck's "Common Sense"

freefred — Thu, 13 Aug 2009 00:36:12 GMT

The part about the Founding fathers being deists is just factually wrong..if you indeed have an open heart and mind please refer to www.wallbuilders.com/LIBissuesArticles.asp and you will see several hundred quotes from our Founding fathers who were indeed devout Christians. This sample is just the tip of the iceberg. These are not the qoutes of "deists"

re: An Austro-Libertarian Review of Glenn Beck's "Common Sense"

Michael Cermak — Thu, 13 Aug 2009 00:20:02 GMT

Good job. I agree with most of your opinions. I think this mysterious "unity" is something which does, and probably will not exist. I'd like the idea of America dedicated to the ideal of liberty, but now it would mean the USSA (United Socialist States of America)...

btw maye you could do some spell check. For example Fuhrer (not Furher) and the redundant apostrophe in the antepenultimate paragraph(simply the third last, I'm not a native speaker so I'm not sure how to express it).

re: An Austro-Libertarian Review of Glenn Beck's "Common Sense"

NewLiberty — Wed, 12 Aug 2009 03:34:55 GMT

Great writing. I'd think this would be a popular daily article.

Do it.

re: An Austro-Libertarian Review of Glenn Beck's "Common Sense"

jtucker — Tue, 11 Aug 2009 13:46:45 GMT

very nice review!

re: You know you've been reading too much Mises.org when...

Mac — Tue, 05 May 2009 08:26:59 GMT

lol, this seems to be a phenomena (my version didn't have Tucker, just books and tangents).

You know, that reminds me, I gotta do my live-blog.

re: You know you've been reading too much Mises.org when...

Bebe — Mon, 04 May 2009 19:59:51 GMT

I had that same dream.

re: Tip for the avid economics student

johnny2000 — Tue, 11 Mar 2008 15:08:19 GMT

Hi Champthom!

Eugen Ritter von Böhm-Bawerk - a familiar name to me, i studied in the late 70s 'Volkswirtschaft' at the University of Vienna .

from wikipedia >

Although he was a liberal he was not the radical libertarian that the label of Austrian economist suggests today. He wrote that he feared that unbridled free competition would lead to "anarchism in production and consumption." He wrote extensive critiques of Karl Marx's economics in the 1880s and 1890s, and several prominent Marxists—including Rudolf Hilferding—attended his seminar in 1905-06.

re: Review of two economic museums

Fephisto — Mon, 10 Mar 2008 21:54:56 GMT

"they force you to see exhibits in a certain way and it's not just a recommendation - they yell at you if you don't"

That'd piss me off.

re: Review of two economic museums

David — Mon, 10 Mar 2008 21:19:41 GMT

When I visited MIDE in December, I got a chance to play their stock exchange simulation, which was actually quite fun. Got to wear a vest and everything. I did wonder who financed the museum, and as it turns out the whole thing was financed by the Mexican central bank, so it came to no surprise to see the heavy bias towards central banking in the exhibits.

Most important is to be true.. » Two Economics Museums

Most important is to be true.. » Two Economics Museums — Mon, 10 Mar 2008 18:03:16 GMT

Pingback from Most important is to be true.. » Two Economics Museums

re: In defense of job "stealing" and outsourcing

Brutus — Wed, 12 Dec 2007 06:28:14 GMT

Compartative advantage is one thing but absolute advantage is another, especially when based on fiat currency and labor.

How can someone in another country doing the exact same job as an American be 10 times cheaper? If we say it is an oversupply of labor then why don't we let them all move? What are the consequences for labor to move to any location where the currency is stronger? How would you like mass migrations of billions all over the world following the fiat currency of higher value?

It isn't job stealing, but it is labor arbitrage because it is absolute advantage. These countries are using first world capital and first world education and the only thing Americans can do is take a paycut to balance the difference and then pray that we can employ most of the worlds labor very quickly.

Unless of course you truly enjoy living on about 2 dollars a day if things were truly allowed to balance with real free trade. It won't be bad for India, but it would be very hard for America to adjust to this balance especially if done over night. Even worse is they can keep the value of labor low through fiat manipulation.

re: In defense of job "stealing" and outsourcing

ricarpe — Mon, 10 Dec 2007 06:16:37 GMT

Since he is worried about Indians "stealing" American jobs, you could tell him that his intentions opening an accoutn were actually aiding in the "stealing" of business from an American bank since HSBC is headquartered in London, UK.

re: In defense of job "stealing" and outsourcing

Attackdonkey — Sun, 09 Dec 2007 20:26:14 GMT

I agree with the overall idea here, but there's nothing contrary to a free market in a person not doing business with a company because they hire foreigners? I mean it isn't just raw products that a business sells, they also sell themselves. I might support Bob's hardware (who has higher prices) over Lowe's, because Bob supports the peewee football league, while Lowe's doesn't... and likewise an American working for HSBC or Liberty National Bank will contribute back to the American culture, while an Indian can only contribute in a monetary sense in the way you mentioned, just to save money to someone on this side of the sea.

This is not of course to justify any action by the gov't in anyway. but there's no harm in people choosing to do business with the home town burger joint over a chain, or a bank with American employees over one with Indian employees.