Saturday, 22 July 2017

Ludwig von Mises

The Regression Theorem: In Light of Bitcoin

July 18, 2017

In three previous posts, I have described the regression theorem, discussed its practical applications, and considered some misconceptions. In this post, I will consider the regression theorem in light of bitcoin. The discussion around bitcoin and the regression theorem usually focuses on whether bitcoin has some intrinsic worth (read: non-monetary use). If bitcoin is intrinsically […]

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The Regression Theorem: Misconceptions

July 13, 2017

In two previous posts, I described the regression theorem and discussed its practical applications. In this post, I will discuss some misconceptions. Misconception 1. The regression theorem only applies to a barter economy. In a recent article, Laura Davidson and Walter Block argue that the regression theorem is only applicable in a barter economy. It […]

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The Greatest Thinker You’ve Never Read: Ludwig von Mises

Posted by Gonzalo Schwarz
September 29, 2012

by Art Carden Had he not passed away at the tender age of 92 in 1973, Ludwig von Mises would have turned 131 years old today. In my humble opinion, he was the greatest social thinker of the twentieth century. In a series of breakthrough contributions like The Theory of Money and Credit, Socialism: An Economic And […]

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Robert Wenzel’s ‘David’ Speech Crushes Federal Reserve’s ‘Goliath’ Dream

Posted by Gonzalo Schwarz
April 27, 2012

Submitted by Tyler Durden In perhaps the most courageous (and likely must-read for future economists) speech ever given inside the New York Fed’s shallowed hallowed walls, Economic Policy Journal’s Robert Wenzeldelivered the truth, the whole truth, and nothing but the truth to the monetary priesthood. Gracious from the start, Wenzel takes the Keynesian clap-trappers to task on almost every […]

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Would the Real Gold Standard Please Stand Up?

March 5, 2012

“Bears are animals. Animals have four legs. Chairs have four legs. Therefore, chairs love honey.” What’s wrong with this logic? Don’t ask opponents of the Classical Gold Standard… The gold standard debate has seen a spike recently in different blogs (Bruce Bartlett, David Beckworth, David Glasner, Blake Johnson, Kurt Schuller, Scott Sumner, David Glasner, George […]

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