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What is "Advanced" Technology?

EntrepreneurshipFederal ReserveUS Economy
07/10/2018Power & Market

During research for my book The Skyscraper Curse I started using the phrase "Advanced technology." It means a means of production that is currently beyond the capability of society or at least something that is "cutting edge." I would argue that is also useful in terms of the Austrian...

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Who Is? Podcast
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Who is Richard Cantillon?

History of the Austrian School of Economics

06/25/2018Audio/Video
Richard Cantillon (1680–1734) was perhaps the most important and influential economist of all time, though few people have ever heard of him.
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What Real Tax Reform Looks Like

Taxes and Spending

Blog12/15/2017
Real tax reform means reducing taxes and government spending. It does mean tax cuts in some places, and tax increases in others.
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Want to Grow the Economy? Stop Listening to Clueless Economists

Financial MarketsGlobal EconomyU.S. Economy

Blog08/31/2017
Not only are economists incapable of recognizing what economic growth is, they propose policies that are inimical to the progress necessary for growth.
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Wine, Art, and Ferraris: The Bubble in Luxury Goods

Booms and BustsBusiness Cycles

Blog05/24/2017
Our inflationary economy is sending the prices of luxury goods soaring — while prices on products for regular people are often flat.
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What Caused the Irish Potato Famine?

Free MarketsInterventionismOther Schools of Thought

03/17/2017Mises Daily Articles
As with most famines, it was government meddling that converted the Irish potato famine from a food-production problem into a deadly catastrophe.
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Why Understanding "Roundaboutness" Is so Important

Booms and BustsBusiness Cycles

Blog03/09/2017
Making production processes more roundabout results in greater production in terms of the quantity produced and a lower cost on a per-unit basis.
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World Power, World Policy, and the United States in 1917

U.S. HistoryWar and Foreign PolicyPolitical Theory

Blog03/07/2017
Like the European powers in the run up to the Great War, the United States was very active in new imperialist adventures.
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