Calculation and Knowledge

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GDP Forecast based on TMS

U.S. EconomyCalculation and Knowledge

Blog03/05/2014

Here is a forecast of Gross Domestic Product based on the Austrian notion of the money supply and its growth rate. Jeffrey Peshut shows that Real GDP peaks with a variable lag to the growth rate of the True...

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Video: Mark Thornton Explains the Latest GDP Numbers

Calculation and Knowledge

Blog02/05/2014

Mark Thornton explains why the latest government GDP numbers are bogus.

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The Rothbard/Higgs/Vedder and Gallaway Thesis Part II

Booms and BustsCalculation and Knowledge

Blog04/08/2013

Thomas J. DiLorenzo in this 2004 Mises Daily, “The New Deal Debunked (again)”, provides detail on the work by Cole and Ohanian behind the Ohanian video highlighted on Mark Thornton’s Circle Bastiat post “...

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The Rothbard/Higgs/Vedder and Gallaway Thesis

Booms and BustsCalculation and Knowledge

Blog04/08/2013

Murray Rothbard argued that the cause of the Great Depression was the result of Herbert Hoover's New Deal policies which sought to keep wages and profits high. Robert Higgs, Richard Vedder and Lowell Gallaway extended this thesis to FDR's New Deal policies which created artificially high prices...

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My Apology to Paul Krugman

Calculation and Knowledge

Blog02/15/2013

From time to time I have been critical of Professor Paul Krugman, the Nobel Laurette from Princeton University and the New York Times. Recently I criticized his use of the babysitter model of the...

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Inflation Alarms May Signal Real Threat ?

Calculation and KnowledgeInterventionism

Blog01/15/2013

The Wall Street Journal takes note of Paul Krugman’s attack on “Austrian/Ron Paul types” (1/13/13) page C1, “Ahead of the Tape”).

We have all heard of the boy who cried wolf.

A similar charge is being leveled against pundits who warned of runaway inflation as a

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Put that in your pipe

Calculation and Knowledge

Blog11/07/2012

Many marijuana issues were on ballots in yesterday's election. Marijuana was legalized in Colorado and Washington. The city of Detroit passed a law decriminalizing marijuana possession. The state of Massachusetts passed a medical marijuana law. Several ballot measures involving marijuana were...

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Krugman's MMMF Question

Financial MarketsCalculation and Knowledge

Blog09/17/2012

Paul Krugman attacked Ron Paul, Paul Ryan, and “Honest Money” and also took a shot at Austrian economists on his blog today. He called honest money a “Ron Paul dog whistle” and then went on...

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Mises.org now validates against web standards

Calculation and Knowledge

Blog05/21/2008

If you've emailed the webmaster with suggestions and requests to make Mises.org more web standards compatible, be assured that your efforts were not for naught: the majority of Mises.org is...

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Copyright and the Intellectuals

Calculation and KnowledgePolitical Theory

Blog05/16/2008

While IP may not stimulate true innovation and creativity, Hayek suggests that copyright might stimulate something more pernicious: the intellectual class. In "The Intellectuals and Socialism," he writes:

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