Author Archives: radiofreemarket

Collapse of the Irish Housing Boom

Re: Irish Try to Eradicate Ghosts of a Housing Crash Lord Keynes famously said that paying people to dig holes and fill them back up was necessary for recovery.  His disciple Paul Krugman wants Martians to attack earth so that … Continue reading

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Jeff Deist Joins the Mises Institute as its New President

By Mises Updates Saturday, December 21st, 2013 Jeff Deist has joined the Mises Institute as President, following many years as an advisor to Ron Paul and as a tax attorney specializing in mergers and acquisitions for private equity clients. Jeff was … Continue reading

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A Plan to Arrive at 100% Reserves on Bank Demand Deposits

Introduction This paper deals with the steps that are required to cover bank demand deposits 100% by reserves.  We will deal with ending the ability of the banking system to pyramid reserves into new money, created out of thin air, … Continue reading

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My letter to the NY Times re: Wrong definition of success for the Irish

Re: Hardships linger for a mending Ireland and Re: E.U. ministers stagger toward banking deal Dear Sirs: In her recent report on the so-called recovery in Ireland Ms. Liz Alderman makes the mistake of defining success in terms of saving … Continue reading

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Casey Research has launched two new important services: Sound Money Radio and Smart Metals Radio

Dear Listeners, Last month I reported on a new and exciting resource available. Casey Research has launched two new important services: Sound Money Radio and Smart Metals Radio both of which are hosted by our good friend and most excellent … Continue reading

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My letter to the NY Times re: Free Market Capitalism Works Every Time

Re: Dwindling Tools to Raise Wages, by Eduardo Porter Dear Sirs: Economic law is a deductive and not empirical science, meaning that market research cannot determine the effects of raising the minimum wage.  We know by the laws of logical deduction … Continue reading

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My letter to the NY Times re: You Call This Success?

Re: US Ends Bailout of GM Dear Sirs: Mr. Bill Vlasic and Ms. Annie L. Lowrey report that “Taxpayers lost about $10 billion on their $49.5 billion investment in (GM).”  Their story is full of pride in achievement all the … Continue reading

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More destructive socialism of the European banking sector

From today’s Open Europe news summary: Germany cedes ground on eurozone banking union The FT Weekend reported that, at a meeting with other eurozone decision makers on Friday, German Finance Minister Wolfgang Schäuble ceded ground on banking union plans. Officials … Continue reading

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Why doesn’t the EU just eliminate its import duties?

Re: EU seeks “time for reflection” after Vilnius summit failure I found this statement by EU Commission President Manuel Barroso to be particularly insightful: “This Agreement would save Ukrainian business some €500 million a year just in  import duties,” Barroso … Continue reading

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Hyperinflation a real possibility if foreigners drop the dollar

Re: Jim Rickards: Decline of the Petrodollar System is Good for Gold Any event that diminishes the value of the dollar as a reserve currency can trigger hyperinflation in the US as trillions of overseas dollars are repatriated to the … Continue reading

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