economics

Here is an interesting video: It actually is very interesting. I liked seeing all the robots and technological progress. I have always been of the mind that there will always be plenty of jobs, because there will always be plenty of human desires. And so someone has to fulfill those...

The Economics of Bernie Sanders https://mises.org/library/economics-bernie-sanders William L. Anderson (01 September 2015) As the political campaign of Hillary Clinton continues to run aground, Democrats are flocking to the campaign of Bernie Sanders, the self-described “socialist” US senator...

You’ve likely already seen the term “Black Monday” being thrown around today. While you were sleeping, China’s state controlled media was already using the term. And that means it’s serious–they’re notorious for positive propaganda. [LINK] Have no fear, this trip is just beginning! Hundreds...

Newman: What Happened When One Company Set a Minimum Wage of $70,000 https://www.lewrockwell.com/lrc-blog/newman-what-happened-when-one-company-set-a-minimum-wage-of-70000/ Ryan McMaken (18 August 2015) Jonathan Newman writes in Mises Daily: When one CEO set his company’s minimum wage at...

Frédéric Bastiat: Slayer of Fallacies The Tom Woods Show: Episode 469 - Frédéric Bastiat: Slayer of Fallacies http://tomwoods.com/podcast/ep-469-frederic-bastiat-slayer-of-fallacies/ Frédéric Bastiat, who wrote two centuries ago, got to the heart of so many of the economic fallacies that...

Discuss!

"Free Trade Destroys Jobs" http://www.lewrockwell.com/2014/12/gary-north/does-free-trade-destroy-jobs/ Gary North (16 December 2014) One of the most popular arguments among America’s anti-free trade non-economists is this one: free trade destroys American jobs. We need to think through the...

Do Treasury Yields Prove QE Had No Effect? http://mises.ca/posts/blog/do-treasury-yields-prove-qe-had-no-effect/ Bob Murphy (15 December 2014) Now that the third round of quantitative easing (“QE3″) has officially ended, proponents of looser money are gleefully pointing to low U.S. Treasury...

Should Economics Emulate Natural Sciences? http://mises.org/library/should-economics-emulate-natural-sciences Frank Shostak (16 December 2014) Economists have always been envious of the practitioners of the natural and exact sciences. They have thought that introducing the methods of natural...

USA Today: The Economy Needs High Oil Prices http://mises.org/blog/usatoday-economy-needs-high-oil-prices Ryan McMaken (11 December 2014) Today's USA Today includes a Q and A about falling oil prices: A: Oil prices are collapsing. Consumers are pouring less of their money into their gas...

UPDATED PDF (see post #5 below): http://understandingbitcoin.us/ub1.1.pdf Understanding Bitcoin http://consultingbyrpm.com/blog/2014/12/understanding-bitcoin.html Bob Murphy (09 December 2014) You guys think I spend my time at the karaoke bar and trolling Scott Sumner. Well, I do spend my time...

Politicians to Business Owners: Drop Dead http://mises.org/library/politicians-business-owners-drop-dead Peter St. Onge (04 December 2014) Senator Ted Stevens once explained that the Internet is a “series of tubes” and “not a big truck.” Steven’s comments made me a little sad, since I worried...

If you haven't seen it yet, check out Tom Woods' redesigned website: https://www.tomwoods.com (Among other things, each episode of The Tom Woods Show now has extensive "show notes" ...) Ep. 298 Income Inequality: Non-Solutions to a Non-Problem...

https://www.youtube.com/watch?feature=player_embedded&v=wzW2RLxrZN8 Felt a need to share this. Enjoy!

I used to listen to the Peter Schiff show regularly and had the app on my phone. I learned a lot about economics and politics just listening to him. His show just got cancelled and I am wondering if anyone has any good recommendations?? Ideally something that has a good app or it's own...

500297082084003840

Bob Murphy (29 May 2014): http://consultingbyrpm.com/blog/2014/05/book-review-of-piketty.html So you can mentally prepare yourself, here is a short (about 1,000 words) review of Piketty. Next week I’ll publish a much longer review with quotations from the book. The good thing about this...

FTA: http://consultingbyrpm.com/blog/2014/05/shocking-quotes-from-piketty.html Shocking Quotes from Thomas Piketty http://mises.ca/posts/blog/shocking-quotes-from-thomas-piketty/ Robert P. Murphy (19 May 2014) Here at Mises Canada I’ve already tackled some of the serious theoretical problems...

From: http://consultingbyrpm.com/blog/2014/05/potpourri-202.html Bob Murphy eviscerates "Capital in the Twenty First Century" by Thomas Piketty https://www.youtube.com/watch?v=KoVg1MPp87s "Capital in the Twenty First Century" is a best-selling book that has apparently caused quite a stir...

Which one would be worse? Assume an equal number of wage earners directly affected. For instance, a maximum wage lopping off the top 3% of wage earners, or a minimum wage cutting off the bottom 3% of wage earners.