Monthly Archives: January 2012

Quote of the day

The trouble with fighting for human freedom is that one spends most of one’s time defending scoundrels. For it is against scoundrels that oppressive laws are first aimed, and oppression must be stopped at the beginning if it is to … Continue reading

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Who predicted the Great Recession?

As I discussed in a recent post, we need to be sure what caused the Great Recession if we are to decide upon the best means to return to a growing economy and reduce unemployment. In this light, it’s worth … Continue reading

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Upcoming documentary on the Great Recession

I’m excited to hear of an upcoming Spanish documentary giving an Austrian explanation for the Great Recession (as we seem to be calling it now). It looks to be in the same vein as Overdose which I highlighted last year. I … Continue reading

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On the meaning of words

What do we mean by democracy? How do we define capitalism or socialism? Part of the challenge when discussing these ideas is that we all have different definitions of the ideas themselves. CS Lewis complained about certain words losing their meaning, and … Continue reading

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Sensible advice

The aim shouldn’t be to preserve the status quo, but to find ways to allow banks to fail without exposing the general public to the fall-out. Anthony Evans, of the Cobden Centre amongst other organisations. If western governments had taken … Continue reading

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Orwellian truths from Big Brother

Longrider sums up the latest set of made up statistics regarding drinking problems: If you drown, it counts as 0.34 of an alcohol-related admission – though most people unlucky enough to drown aren’t admitted to hospital. Getting chilled to the … Continue reading

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Another metaphor on the causes of recessions

I’ve previously presented thoughts on the causes of recessions, the bust part of ‘boom and bust’. Understanding the causes of recessions is crucial in order to help prevent them, and to return to growth. The mainstream Keynesian view (named after … Continue reading

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