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Walk Away: The Rise and Fall of the Home-Ownership Myth

BooksNovember 18, 2010
This elegant and fact-filled book by Doug French examines the background to the case of "strategic default," or walking away from your home, and considers its implications from a variety of different perspectives...

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Default! Default!

JournalsNovember 1, 2001
We will never resort to a bailout, said the Bush administration concerning the financial failures of the Argentinian government. That was one week before the same administration arranged an $8 billion line of credit for the same government.

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The Moral Case for the Free Market Economy

BooksJuly 6, 2006
Tibor Machan makes the case for the free market system of economics based on the view of human beings as moral agents with the legal system of a good community as designed to nurture this moral agency.

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The Return to Laisser Faire

BooksJune 5, 2009
Government means, or should mean, the right ordering of all. Modern government has degenerated into tinkering with the wants or rights or liberties of classes or sections or groups, and it is rare, in these days, to hear a political discussion which takes adequate account of the interests of the...

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How to Keep Our Liberty

BooksJuly 17, 2009
"Individualities may form communities, but it is institutions alone that can create a nation." This was a comment by Benjamin Disraeli a century ago when he was beginning the task of building the Conservative Party, a party that still lives a lusty, constructive life...

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The New Despotism

BooksMarch 16, 2010
When the modern political community was being shaped at the end of the 18th century, its founders thought that the consequences of republican or representative institutions in government would be the reduction of political power in individual lives.

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Argentina Is Now In Default, But There Is Life After Default

BlogJuly 31, 2014

The Wall Street Journal declares it a done deal.

Nicolás Cachanosky explains the road that got us...

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The De Moneta of Nicholas Oresme and English Mint Documents

BooksFebruary 14, 2009
Nicole Oresme has been called the most brilliant scientist of the 14th century: mathematician, musicologist, physicist, philosopher, and economist. On top of that, he was a Bishop and a theologian. His writings of money bear much in common with Carl Menger. Oresme's treatise on money, De Moneta...

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How Greek Default May Still Unravel the EU

Mises DailyJanuary 23, 2015
The Greeks may still default, and that would mean big trouble not so much for Greece as for other EU member states who will be on the hook for even more bailouts.

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Understanding Argentina’s Coming Default

Audio/VideoAugust 8, 2014
The Argentine government has a habit of spending without restraint and then trying to cheat its creditors. But this time, it's run into a problem, writes Nicolás Cachanosky. This audio Mises Daily is narrated by Robert Hale...

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Understanding Argentina’s Coming Default

Mises DailyJuly 30, 2014
The problem is that Argentina had decided to once again prefer deficits and unrestrained government spending to paying its obligations.

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The Looming Default

Audio/VideoOctober 25, 2013
Interviewed by host Marina Dzhashi, Mark Thornton discusses the U.S. government shutdown and its impact on the country's economy and image abroad...

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The Government Default

Audio/VideoOctober 17, 2013
In his recent appearance on RT, Lew Rockwell discusses the upside of government default.

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The High Price of Delaying the Default

Mises DailyFebruary 26, 2014
A central-bank induced boom cannot continue forever. The piper must be paid.

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There Is Life after Default

Mises DailyOctober 11, 2013
A default on US government debt is no more or less radical than a default on any other kind of debt.

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Default, Argentina!

BlogJuly 30, 2014

Regarding Nicolás Cachanosky's insightful article this morning on Argentina's coming default, I would just add that it can't come soon enough.  Although one can only imagine what kinds of behind-...

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Brazil’s Slow Default

BlogMarch 26, 2014

After flying high for several years, Brazil’s luck is quickly running out. Citing bad economic management and one-off accounting tricks that flattered its public finances, credit rating agency...

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Hyperinflation Is Not Inevitable (Default Is)

Mises DailyAugust 20, 2012
The US government cannot use hyperinflation to escape the the promises it made to retirees.

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The High Price of Delaying the Default

BlogFebruary 26, 2014

Politician kicking the can down the roadThorsten Polleit writes in today's Mises Daily...

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China’s Coming Default

BlogJanuary 20, 2014

Last June I pointed to four unfortunate facts in the Chinese economy.

1. Overall credit had increased to $23 trillion dollars, up from $9 trillion as recently as 2008.
2. This...

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