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Category Archives: Theory
LASIK Technology and Interventionism
If we had a free market in health care, instead of spending $4,000 on lasik, it might have only cost me in the hundreds. Continue reading
Malinvestment versus Overinvestment
Critics are again confusing the differences between malinvestment and overinvestment. The problem comes down to a misunderstanding. Continue reading
Further Notes on Capital Theory and Unemployment
Austrian capital theory does explain why the consumer-good industry is hit, along with the capital-good industry, during recessionary periods. Furthermore, Austrian business cycle theory is not real business cycle theory – there is a different in causation, while the latter tends to lend itself to the pitfalls of macroeconomic aggregation. Continue reading
Posted in Theory
Tagged Austrian, business, Capital, cycle, Krugman, Theory, Unemployment
7 Comments
The State and Violence
Some argue that the 2nd amendment allows for the people’s right to guarantee a “limited government”. The argument here is that violence is necessary to combat the initiation of violence. A peaceful and free society should never have this as a prerequisite for existence—it is, in fact, a contradiction. Continue reading
Posted in Theory
Tagged 2nd ammendment, Anarchy, force, Government, guns, State, Violence
6 Comments
Unemployment in the Hangover Theory
Krugman argues that Austrian theory doesn’t explain why a fall in production occurs in sectors not directly related to the housing sector. This is untrue. Austrian capital theory explains this perfectly. Continue reading
Paper Money is Worthless
Paper money might be worthless, but so is everything else. Continue reading
Posted in Current Events, Theory
Tagged commodity, fiat, Libertarians, money, paper, party, specie, tea
2 Comments
Defining Employment
Is involuntary unemployment possible? Debate between Misesians. Continue reading
Rational Expectations and Austrian Theory
A defense of Austrian business cycle theory from Caplan’s rational expectations criticism. Continue reading
Posted in Theory
Tagged Austrian, bryan, business, caplan, cycle, expectations, rational, Theory
5 Comments
Austerity in Germany
Germany may not be as good a case for austerity as we are led to believe. Continue reading
Affording the Unemployed
“Affording the Unemployed”, my latest article at Mises Daily. Also, some thoughts on the insider-outsider theory of unemployment. Continue reading
Posted in Miscellaneous, Theory
Tagged Employment, insider, outsider, structural, Theory, Unemployment
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