Economics

Worshiping a False Idol: Why Money Is No God

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A few weeks ago I was out to lunch with a group of friends when the subject of money came up. One person at the table said that we should replace the phrase “In God We Trust” on currency with “This Is Your God.” To my surprise, there was very little pushback to that and even a few people ... [click for more]

The Business Cycle Explained

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It Didn’t Have to Be This Way: Why Boom and Bust Is Unnecessary — and How the Austrian School of Economics Breaks the Cycle by Harry C. Veryser (Intercollegiate Studies Institute 2012), 318 pages. This is one instance where a book’s subtitle tells the reader much more about its content than the title does. You know at once that ... [click for more]

The Myth of Economics (video)

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On October 16, 2013 Edward H. Crane gave the following speech as part of the Economic Liberty Lecture Series which is co-sponsored by The Future of Freedom Foundation and the George Mason Economics Society. Mr. Crane's talk is entitled "The Myth of Economics:  They Changed Global Warming to Climate Change, Why not Economics to ... [click for more]

Economic Liberty Lecture Series: Edward H. Crane

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Thursday, October 24, 2013 Speaker: Edward H. CraneGeorge Mason University 5:30 PM - 7:30 AM ECONOMIC LIBERTY LECTURE SERIES Dinner, Lecture, and Social Hour PLACE: George Mason University – Johnson Center 333 TIME: 5:30 pm – Pizza 6:00 pm – Talk with Q&A 8:00 pm – Social hour at Brion’s Grille SPEAKER: Ed Crane is the founder and president emeritus of the Cato Institute. Under his leadership, the Cato ... [click for more]

TGIF: The Housing-Financial Meltdown Revisited

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Five years after the housing and financial meltdown, self-styled progressives are still peddling their pseudoexplanation: that it was largely the fault of the 1999 repeal of a provision of the New Deal–era Glass-Steagall Act, which mandated the separation of commercial and investment banking. This tale is favored by Sen. Elizabeth Warren and others of her ilk, who hold the ... [click for more]

TGIF: Lysander Spooner on the National Debt

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Treasury Secretary Jack Lew says if Congress doesn’t raise the debt ceiling — or, as I call it, the debt sky, because apparently the sky is the limit — the government won’t be able to pay all its bills starting October 17. The Congressional Budget Office says that dire condition won’t set in until sometime ... [click for more]

Why We Should Not Raise the Minimum Wage

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The federal minimum wage has been $7.25 an hour since July 24, 2009. Although this is a long way from the first federal minimum wage of $0.25 an hour in the 1930s, it is not high enough according to some members of Congress, a group of over one hundred professional economists, President Obama, the executive director of the National ... [click for more]

Delete the Fed

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Who should run the Federal Reserve System when chairman Ben Bernanke’s term expires next year: Vice Chair Janet Yellen or former Obama adviser Lawrence Summers? Neither. Who then? No one. The fact is, we need the Federal Reserve like we need a hole in the head. Contrary to folklore, the Fed is not needed to stabilize the economy or to prevent unemployment. As ... [click for more]

FFF Webinar: The Myth of Market Failure (video)

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On Wednesday, August 14, 2013 FFF vice president and editor Sheldon Richman hosted a free, interactive online webinar entitled “The Myth of Market Failure." The webinar was an interactive experience with Sheldon and was limited to 24 participants. Download the audio here. Subscribe to the FFF podcast RSS feed. [click for more]
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