The Free Market

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You Can't Run an Economy With Spreadsheets

Global Economy

09/07/2014The Free Market
Argentina’s economic minister, Axel Kicillof, has become famous for his assertion that it is possible to centrally manage the economy now because we have spreadsheets.
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How Labor Unions Hurt Workers

09/07/2014The Free Market
Labor unions and the general public almost totally ignore the essential role played by falling prices in achieving rising real wages.
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An International View of Drug Prohibition

Big GovernmentFree MarketsMedia and CultureInterventionism

09/07/2014The Free Market
The war on drugs has no benefits, just costs and negative unintended consequences. These include drug-addict crime, drug-dealer violence, bribery and corruption, and the increase in drug potency to deadly levels.
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A New Austrian Textbook for All Economists

09/07/2014The Free Market
Economics students, including undergraduates, are groups I am targeting with the book. The book is not an introductory economics text from an Austrian perspective, and assumes that the reader already knows some economics.
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The Myth of the Unchanging Value of Gold

The FedMoney and BanksGold Standard

09/07/2014The Free Market
Forbes ’s “stable and flexible” gold standard would facilitate and camouflage an inflationary expansion of the money supply that would, according to Austrians, distort capital markets and lead to asset bubbles. The motto of our current gold-price fixers seems to be: “We want sound money — and...
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How Entrepreneurs Make Society Better

The Entrepreneur

09/07/2014The Free Market
The capitalist entrepreneur acts with a specific goal in mind: to attain a monetary profit.
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Scarcity, Monopoly, and Intellectual Property

Big GovernmentLegal SystemMonopoly and Competition

09/07/2014The Free Market
Few topics in recent years have aroused as much interest among libertarians as intellectual property. What place, if any, would IP — patents, copyrights, trademarks and the like — have in a libertarian society?
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Entrepreneurship: The Drivng Force of the Economy

The EntrepreneurEntrepreneurship

09/07/2014The Free Market
Entrepreneurship is the driving force of a market economy, and that entrepreneurs need property rights, the rule of law, sound money, and free and open competition to be successful.
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Sweatshops: A Way Out of Poverty

Global Economy

09/07/2014The Free Market
These so-called sweatshops are part of the development process that leads to better conditions. Austrian economic theory teaches that people choose purposively to improve their situation.
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Ron Paul on The School Revolution

Education

10/29/2013The Free Market
People during the presidential campaigns spoke of a Ron Paul Revolution. But without a revolution in education, there can be no Revolution.
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