The Big Bad Firm and Other Stories

Note, the title of this post was for the literary quality only, because there are no other stories, just The Big Bad Firm. Didn’t want to disappoint you! I have noticed that one of the major problems people have with the free market, is their fear of monopolies. And I do want to point out that if you believe the government should create laws and regulations to prevent monopolies, you do not believe in the free market. You might be a believer in the quasi-free market, but not the real thing. So, what is it about monopolies that scare people…

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My Encounter with Keynesian Propaganda…er, I mean, Teaching

I had the great privilege recently of attending an economics class at a local college with some of my friends.  Very fascinating, a different way to do school, that’s for sure. Reminds me of Einstein, “The only thing that interferes with my learning is my education.” But I’ll try to keep myself confined to only speaking about Keynesian economics, at least for now. I met the teacher before the class, so we spoke for a few minutes. I had a chance to look around his office a bit. Didn’t see any Mises or Rothbard, but I glimpsed, “Macro Economics” by…

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Disrespect for the Government, by Felipe Franco

A fascinating article over at Lew Rockwell on the differences between Latin America and the United States. Excerpts to whet your appetite: People rarely race around at dangerous high speeds. They don’t delay either. Major collisions are much rarer than in the U.S. I lived for 5 years in a city of one million people that had no traffic lights or stop signs at the time. Traffic flow was very natural. Traffic would flow one way through an intersection until there was a natural lull and then the cars from the other direction would nose in and dominate the intersection until…

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Take This Course At All Costs

Bob Murphy is giving a course this fall (September-November) on the Principles of Economics. He will cover: Thinking Like an Economist How We Develop Economic Principles Economic Concepts Implied by Action “Robinson Crusoe” Economics The Institution of Private Property Direct Exchange & Barter Prices Indirect Exchange and the Appearance of Money The Division of Labor & Specialization Entrepreneurship & Competition Income, Saving, and Investment Supply & Demand Interest, Credit, and Debt Profit & Loss Accounting The Stock Market The Failures of Socialism—Theory and History So, I said, “Take This Course At All Costs” but I must add one caveat. If…

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