Standard of Living – Madison, Wisconsin

Dr. Peter Leeson discusses why the Stimulus plan from Obama will not work. He also discusses his new book, the Austrian Business Cycle, and Government Spending.

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Tags: anarchy, Austrian Business Cycle, bailout, barack obama, BB&T Professor for the Study of Capitalism, capitalism, dr. peter leeson, economics, libertarian, pirate, Stimulus plan, The Invisible Hook

Maybe the king of printing press economics and second-hand peddler of the religion of inflationism, Paul Krugman, will give his highly intelligent advice that the NYT should print up more scraps of paper stock.  That would mean more wealth for the NYT according to Krugman’s theory of printing press economics.  Oh wait, that would just dilute the wealth of the current stockholders.  Oh, I guess that is what is going to happen to current holders of U.S. dollars after the federal government prints up more scraps of U.S. dollars to fund the inflation “stimulus” package.

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Tags: economic theory, economics, inflation, inflationism, new york times, paul krugman

Obama told individuals living in Wisconsin that all economists agree that a stimulus plan is needed.  Obama lied…

Check out this video: Opposing ‘Stimulus’ — Hundreds of Economists Sign On

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Tags: barack obama, economic, economics, economist, economy, political, wisconsin

This is excellent news.  In an age of grotesque human rights violations by the U.S. federal government under the guise of economic “stimulus”, economic academicians are exponentially increasing their research into ordered free market anarchy.  Thanks goes to the FR33 Agents blog for alerting me to a new survey that has been published regarding this trend.  The name and download URL of this publication is: Public Choice and the Economic Analysis of Anarchy: A Survey.  The abstract describes the recently tremendous increase of research in this area.

After economic slavery enabler, Dane County Judge Maryann Sumi recently enabled the continued human rights violation of a gas station owner in Merrill, Wisconsin, it is refreshing to hear that research into the incremental elimination of corrupt and coercive government is escalating.  Luckily, for individuals in the entire state of Wisconsin, Judge Randa has overturned the ruling by the tyrant, Judge Maryann Sumi, and has reinstated freedom for gas station entrepreneur-individuals and the communities they serve.  This comes after nearly 100 years of economic slavery for Wisconsin citizens in this sector of the economy.

A book I have just bought and cannot wait to crack open is Voluntary City.  Check it out online.  It looks like a very appealing addition to one’s knowledge of ordered free market anarchy.  I am half-way through Anarchy and the Law, and I most definitely recommend you read it when you get a chance.

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Tags: academic research, anarchist, anarchy and the law, cartels, competition, Dane County Judge Maryann Sumi, economics, economics theory, free market, Gov. Jim Doyle, human rights violation, Judge Randa, market economics, minimum gas price law, minimum markup law, monopolies, public choice economics, Sherman Act, slavery, voluntary city, wisconsin, wisconsin gas law

Economically-ignorant mainstream journalists (Stuart Varney etc.):

“Treat the underlying problem in the financial markets (the existence of the Federal Reserve) instead of the symptoms (potential bankruptcies)?  That’s ludicrous!”

Overstock.com’s CEO Patrick Byrne talks with reason and quotes Milton Friedman and Ludwig von Mises.  Stuart Varney spews some blarney.

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Tags: bankruptcy, economics, Federal Reserve, mainstream media, mainstream tv, overstock.com, patrick byrne, stuart varney

“What Peter Schiff?  Are you suggesting that government caused the financial crisis?  Well, whatever you think about who caused this mess, let’s get on with talking about how government will clean up the financial mess.  What Peter Schiff?  Are you suggesting that government will only make matters worse?  Where in the world did you get that idea from?” — An example dialogue between mainstream media’s windbags and Peter Schiff as Schiff dares to interject truth into conversations regarding the economy.

Individuals in Madison, WI can benefit from taking notice that major media talking heads typically use the False Dilemma fallacy to fool viewers into believing that there are only two options in a crisis, either a little government intervention or a lot of government intervention.  The major media windbags always shape the question as, “Let’s talk about what type of government policy should be used to fix the current mess in question”.  Notice in the video how Schiff points out this fallacy and talks truth to the viewers by saying, “Hey, despite what the other guests are saying, there is another option here and it’s called freedom.  Individuals need to be free to operate in their communities to clean up this mess absent incompetent government coercion”.

Madison WI individuals, you can raise your standard of living by spotting the False Dilemma fallacy when it is presented to you by others.  This should help you save both time and money by recognizing an incomplete set of options.

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Tags: economics, false dilemma fallacy, Freedom, mainstream media, mainstream tv, peter schiff

During my time in college studying economics and now out of college and listening to economists on TV, I am always amazed at the misinformation current economists have regarding the true effects of FDR’s “New Deal” policies.  If you have ever cared to get some insight into the economic effects that carried forth from the era of the Great Depression and the policies of the New Deal, then you will be in for a treat here.  Within this great discussion among economists and historians, you will get both the correct and the incorrect analysis.  This discussion was hosted in Canada so it also features the viewpoint of a Canadian historian.  His responses will probably surprise you.  But, pay special attention to Russ Roberts as he explains with great insight what the actual economic implications of the policies of Hoover and Roosevelt were.  Russ Roberts is a professor of economics at George Mason University and blogger at Cafe Hayek.

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Tags: cafe hayek, canada, economics, george mason university, great depression, new deal, russell roberts