Many critics of Austrian economic theory on the causes of business cycles suggest that the lack of significant CPI-based inflation shows the Austrians are all wrong. Yet, as I have argued earlier, CPI inflation is NOT what Austrians are concerned with. Rather the central banks artificially lowering interest rates leads to malinvestment and a distortion […]
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Over on the DC publication The Hill, we find that the head of the IMF suggests climate change is the new growth engine for jobs! Christine Lagarde, the managing director of the International Monetary Fund, said Thursday that climate change will drive job creation. “Climate change will create jobs. It will create disasters before it […]
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Federalism as Instrument for Tolerance
27 Jun 2013
Last week I was able to go to Acton University and experience a great intellectual exploration of the intersection of faith and markets. One of the best features was the diversity of the participants; we had ~850 participants from 85 countries! Most were Christians (Protestant, Catholic or Orthodox), although I enjoyed one dinner while talking […]
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Yesterday President Obama announced he is not going to be hindered by lack of congressional action on Global Warming; he’ll use Executive Orders to implement his vision, since Mr. Obama avers that “We don’t have time for a meeting of the Flat Earth Society.” The WSJ has a nice editorial on this today, noting that […]
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Obamacare leading to Capitol Hill Exodus!
13 Jun 2013
Politico has the article today, which is sure to get major hits since its currently the lead Drudge Report article. Staffers and aides are being forced to transition into Obamacare in lieu of their existing health care benefits, yet if they retire now they can continue on their current plan. This is apparently a non-partisan […]
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Regulators run amok!
31 May 2013
Normally we focus on political economy issues on a broader scale, but today I’d like to take you down the path of a local example, as a microcosm of the problems of regulation. Recently we upgraded the paint in our building, as well as a number of other “clean up” type functions to remove eyesores. […]
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Wow–Mark Dever has blown me away today with his How to Survive a Cultural Crisis over at The Gospel Coalition. For those concerned over the cultural decay in the United States, this is absolutely a must read. The title of this blog post is just one of the gems within…
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There is a lot of discussion today and yesterday about Apple’s avoidance of the corporate income tax. As the WSJ reports on Senate Democrats investigation of Apple, Mr. Levin unveiled the results of his months-long investigation into Apple’s corporate taxes and accused the American business success of employing “alchemy” and “gimmickry” to lower its tax […]
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With public opinion polls low for Congress (independent of which party is in power) and support for the President seemingly at his base level, no real substantive work being done, and the only progress at all on our national debt is an approach that the President insisted on and now says is the worst way […]
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At least that is what this new report says. The government has more low-paying jobs than Wal-Mart and McDonalds combined. While one has to smile at the obvious inconsistency–President Obama wants to mandate increased wages on the private sector while in effect he has the most low-paid workers in the country–the presuppositions in the report […]
Bert Wheeler
Jeff Haymond
Marc Clauson
Mark Caleb Smith
Tom Mach