Archive | June, 2012

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Krugman does not understand Austrian Economics

The title should be no surprise by now.  Paul Krugman–arch-Keynesian–is once again misrepresenting what Austrian economics is. Krugman thinks the recent financial crisis can test (and prove) the superiority of Keynes prescriptions for an ailing economy. Before we delve into the specifics, consider the alternatives Krugman proposes: classical economics (he considers Austrian among them) and…
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Why we need financial markets

“My true adversary in this battle,” he said “has no name, no face, no party… it is the world of finance.” Thus spoke new French President Francois Hollande while campaigning last month. Despite the seeming backwardness of such sentiments, it is no secret that many people actually do feel a degree of animosity toward the…
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Introducing Liberty Classroom!

With the introduction of Tom Woods’ Liberty Classroom, you now have the opportunity to learn the history and economics that you never learned in school. Since the “intellectual battle for the free society is on,” Liberty Classroom‘s “goal is to equip as many ambassadors for liberty as possible with the knowledge that they need to…
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