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There is no such thing as a negative interest rate

September 10, 2016

There is no such thing as a negative interest rate We Austrian economists are used to having terms corrupted, misused and redefined by statists and others who love and advocate strong central control of money and power. The term “inflation” is a prime example. We Austrians refer to “inflation” as creating new fiat money–as in […]

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Mises.org: Keynes’s Critique of Econometrics is Surprisingly Good

May 6, 2016

MISES.ORG: KEYNES’S CRITIQUE OF ECONOMETRICS IS SURPRISINGLY GOOD In a recent article we had a brief look at Ragnar Frisch’s (1895–1973) vision of econometric model building. As mentioned, Frisch was the first economist chosen over Mises to win the Nobel Prize in 1969. In fact, there was a second one in the same year. Frisch won the […]

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Mises.org: And So It Begins…Negative Interest Rates Trickle Down in Japan

April 5, 2016

MISES.ORG: AND SO IT BEGINS… NEGATIVE INTEREST RATES TRICKLE DOWN IN JAPAN The negative interest rates imposed by the Bank of Japan have begun to make their way into the Japanese banking system. Japanese trust banks have begun to impose negative interest rateson accounts held by institutional investors. It shouldn’t be surprising that Japanese banks are […]

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Mises.org: Brazil’s Easy-Money Problem

January 27, 2016

MISES.ORG: BRAZIL’S EASY-MONEY PROBLEM Brazil is undergoing what is considered its worst economic crisis in seventy years, and there is usually no agreement when it comes to the causes of this situation. President Rousseff and the Labor Party say that it was the corollary of the “International Crisis,” a ghost of the 2008 depression created in […]

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Bishop: Ben Carson Upsets Washington Post for Questioning Fiat Money

October 12, 2015

Bishop: Ben Carson Upsets Washington Post for Questioning Fiat Money Tho Bishop writes: Neurosurgeon-turned-Presidential candidate Ben Carson has been under attack this week by our PC-enforcers in the media. While most of the media scorn has been directed at Carson’s defense of gun ownership following last week’s shooting in Oregon – Matt O’Brien of the Washington Post slapped at Carson […]

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Forget the Greek Crisis, Immigration Will Divide Europe Against Itself

September 12, 2015

Forget the Greek Crisis, Immigration Will Divide Europe Against Itself Europe has complex immigration rules. As the EU web site shows, there are multiple layers of immigration regulations encompassing both the local national level and the EU level. But, as the recent influx of refugees and economic migrants has shown, the EU government is able to […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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