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The Week in Review: September 24, 2016

The FedGlobal EconomyBusiness Cycles

Blog09/23/2016

From near-zero interest rates to price controls to easy home loans, it’s clear that government is now more in need of sound economics than ever.

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How Much Longer Will Investors Trust the Central Banks?

Global EconomyMoney and BanksMoney and Banking

Blog09/23/2016

The bond sell-off of early September 2016 may turn out to be just another blip in the extraordinary bond bull market. But it is too early to tell.

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Are Libertarians Too Anti-Pollution?

The EnvironmentLegal SystemPolitical Theory

Blog09/22/2016

Contrary to the myth that libertarians favor limitless pollution by capitalists, libertarian legal regimes would often put polluters out of business.

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Deja vu: Fannie and Freddie Lower Lending Standards

Booms and BustsInterventionism

Blog09/22/2016

Because the only thing government is worse at than pricing risk, is learning from past mistakes.

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Indoctrination: 35 Years of the US Department of Education

EducationTaxes and SpendingPolitical Theory

What has the Federal Department of Education done for students? The DOE has spent a lot of taxpayer money, but the results are less than impressive.

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Laws Against "Price Gouging" Aren't Helpful

Blog09/22/2016

If you want to ensure that goods and services are plentiful and go to where they are most wanted — do not pass anti-price gouging laws.

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FOMC, Not Surprisingly, Holds on Interest Rates Again

The FedMoney and Banks

Blog09/21/2016

The Federal Open Market Committee (FOMC) decided yet again today to hold off on raising the target federal funds rate.

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Italy's Earthquake: Will It Revive Their Economy?

Global EconomyTaxes and Spending

Blog09/21/2016

Bastiat's broken-window fallacy lives on in Italy where advocates for a new wave of government spending will bring an economic renaissance.

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Is it Junk or Is it Art?

SubjectivismValue and Exchange

Blog09/21/2016

The value of objects can change without any physical change to the object at all. I need only tell you that some junk you see is really art.

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No, Unions Don't Increase Everyone's Wages

U.S. EconomyPolitical Theory

Blog09/21/2016

Contrary to the common myth, labor unions mean fewer jobs and more competition among workers.

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No, the Fed Doesn't Have a Plan. Yes, the Fed Really is Monetizing Government Debt

The FedU.S. EconomyMonetary TheoryMoney and Banking

Blog09/20/2016

A Wall Street crisis would become a Main Street crisis without quantitative easing, or so the story began in Nov. 2008. Have you seen a recovery?

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Broken Politics, Broken Economics

EducationStrategyPolitical Theory

Blog09/19/2016

Populism, anti-globalism, anti-elitism — these are all symptoms of a hostility toward politics. We should embrace the opportunity they present.

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The Post-Brexit Boom is Baffling Elites

Global EconomyWorld HistoryPolitical Theory

Blog09/19/2016

Contrary to dire warning of economic disaster, the British economy has weathered Brexit quite well. Now central bankers are taking the credit.

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Why the EU Is Doomed

Global EconomyBusiness CyclesPolitical Theory

Blog09/16/2016

The EU is ill-equipped to deal with the crises that lie ahead.

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The Week in Review: September 17, 2016

Big GovernmentThe FedGlobal EconomyU.S. Economy

Blog09/16/2016

There is just no relief from the constant drum beat for more and more government intervention in the economy.

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How I Became an Agent for America’s Most Powerful Cartel

EducationInterventionismValue and Exchange

Blog09/20/2016

The NCAA is a powerful taxpayer-subsidized cartel that largely exists to deny the athletes the compensation they would earn in a working marketplace.

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What the Next Recession Will Look Like

Booms and BustsMoney and BanksBusiness CyclesMoney and Banking

Blog09/19/2016

The cure for the curse of the Federal Reserve and its grand experiment is to install a sound monetary order. The next US president must clean house.

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Free Trade Brings Abundance — Protectionism Brings Scarcity

Global EconomyTaxes and SpendingPolitical TheoryValue and Exchange

Blog09/18/2016

When it comes to trade, the best US policy, or that of any country, is the elimination of all barriers to imports.

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IRS Numbers Show Little Income Growth for Americans

Taxes and SpendingU.S. EconomyBusiness Cycles

Blog09/16/2016

Real income and wealth growth in the United States peaked in the 1990s, and has been declining since.

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