Tag Archives: austrian economics

Elections: A Very Poor Substitute For Markets

While debating the merits of my last post, I received plenty of objections, most of which were from people who were just missing the point entirely and therefore not worth responding to.  But I also received one objection that I … Continue reading

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“But What About People Who Make Bad Decisions?”

Recently, I was involved in a debate in which the following criticism was made (obviously I’m paraphrasing here):  “Sure, the free market sounds good and all, but how can it possibly correct itself and allocate resources efficiently when some people … Continue reading

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The ABCT Explains The Student Loan Bubble

  Everything you need to know about the student loan rate hike. 2007 Trends in Higher Education Series:  Student Loans I’ve heard a lot of whining over the last few days from the college student crowd over the impending doom … Continue reading

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Nanny State Wants To Lower Your Standard Of Living (For Your Own Good)

How to curb obesity: Tax calories, study says – The Washington Post. What a shocker!  A bureaucratic government panel of “experts” proposes to make us better off by requiring us to pay more for the food we enjoy.  Yes, our … Continue reading

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Defending “Defending the Undefendable”

I wanted to write about this on the front page rather than simply in the reading list in order to draw additional attention to it.  I just finished reading Defending the Undefendable by Walter Block, and I was completely amazed. … Continue reading

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Politics: The Dismal(er) Science

Those unfamiliar with the specifics of Austrian economics are often suspicious or critical of its rejection of complex mathematical models.  Mises refutes these objections and explains the basis of this reasoning in Human Action, and I won’t go into the … Continue reading

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Bloomberg’s Economic Fallacy

The Conservative media has been completely up in arms over Michael Bloomberg’s latest nanny state attempt to stomp on free markets and your natural right to free trade.  This proposed legislation is obviously an example of tyrannical, out of control … Continue reading

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