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Archive of posts published in the tag: money

Stable Money

As Steve Forbes stresses, the role of currencies is to serve as a standard of value, representing a measuring stick of the worth of goods and services.  “Floating the currency is like floating the clock.  Let’s say you floated the…

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The Limits of Money, The Virtues of Wealth

Money will not purchase happiness for the man who has no concept of what he wants: money will not give him a code of values, if he’s evaded the knowledge of what to value, and it will not provide him…

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Keynes vs von Mises

The work of noted economist John Maynard Keynes is used to justify a bigger government role in the economy.  After the recent (or more accurately current) crisis it is understandable that many would return to this economist.  Yet most who…

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A Blow to Lobbyists

The McCain Feingold bill sought to restrict the influence of big money in politics. Yesterday it was struck down as a violation of free speech. It should have been. When one avenue of influence is cut off it just finds…

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Supervising the Punch Bowl

George Copper writes in “The Origin of Financial Crisis” that our economic thinking is regimented for failure in a world that is more influenced by the bubbles in financial assets. The efficient market hypothesis contends that prices find their natural…

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