Tag: world economy

Did Capitalism Cause the Recession?

After hearing Tom Woods speak last night I was inspired to dig up this youtube video again. It was really cool that Tom Woods talked about much of the same things as I do in this speech. I guess that’s not surprising since I got a lot of my information from “Meltdown.” But in this video I go into more depth and look at more of the causes than Tom Woods did last night. No, it isn’t quite as funny (or near as funny, except maybe the slide about the animal spirits…) but if you need a crash course in…

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An Economy Without Borders

I have been thinking about the issue of outsourcing, foreign labor, etc…and I don’t understand what the big deal is. Borders between countries are political, purely political and nothing more. Borders are irrelevant to our economy. The world is one huge “latticework” as Rothbard said, and it doesn’t matter if one place is called “China” and another “America.” It is all about division of labor and allocating our scarce resources, time, and labor to the most valued ends. I’m going to employ some reductio ad absurdum now… Here is what we often here people say: By buying things from other…

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Gold and Deflation

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A question that often comes up in discussing financial preparing is, “what happens to our gold if we get deflation?” The author of this article argues that gold is your best bet, deflation or inflation.

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Tariffs: Good or Bad?

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Warning: This first paragraph is a bit of a digression from the topic at hand, but I feel it is necessary…you can skip it if you’d rather. A few months ago (May, to be precise) I started what we call a Mises Circle. We (usually 8-10 people) get together at a local restaurant once a month to talk about economics. This last meeting was sort of a free-for-all, there wasn’t any specific topic, everyone just shared their ideas, articles they had read, etc…One of the many topics was covered was (finally, here we go!) tariffs! I never like to agree…

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One World Currency…Here We Come!

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At the conclusion of Rothbard’s book, “What Has the Government Done To Our Money?” he discusses the future of money in the post-Bretton Woods economy. He says that the only way to reach stability is to return to the classical gold standard of the 1800’s. Sadly, however, no one is interested in that, but rather, a world currency is the more “viable” option. Here’s a recent article about that.

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