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CAFE HAYEK

LOW INTEREST RATES CAN'T LAST FOREVER

7/17/2020

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THE ENVIRONMENTAL COST OF GREEN ENERGY
The “Stakeholder” Fallacy
Allison Schrager, City Journal

Joe Biden unveiled his economic plan last week. It’s mostly unremarkable, containing Donald Trump-like nods to economic nationalism, but one thing that stood out was Biden’s vow to “put an end to the era of shareholder capitalism.” The former vice president and presumptive Democratic presidential nominee rejects “The idea the only responsibility a corporation has is with shareholders. That’s simply not true. It’s an absolute farce. They have a responsibility to their workers, their community, to their country. That isn’t a new or radical notion.” Read more here..
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THE END OF GLOBALIZATION IS HERE: THE JOURNEY HOME AFTER KEYNES LEADS TO HAYEK

3/27/2020

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The Journey Home: Wilhelm Röpke & the Humane Economy
The Effect of Economic Freedom on Labor Market Efficiency and Performance
By Lee Ohanian via the Human Prosperity ProjectLee Ohanian surveys the history of American labor since 1960 and demonstrates that economic freedom has led to greater workforce participation and, consequently, has increased levels of production and per-capita compensation. Conversely, he maintains, when the United States has heavily regulated labor markets via high taxes, minimum wages, collective bargaining, or occupational licensing, it has caused reduced investment, slowed productivity, increased unemployment, and, over the long term, depressed wages.
A tribute to an economic giant — Friedrich Hayek — who would have celebrated his 121st birthday on May 8  
Mark J. Perry | Carpe Diem
What Austrian Economists Can Learn From Roger Scruton
By Allen Porter Mendenhall on May 10, 2020 07:59 pm
There can be no freedom absent some authority. Conservatives and libertarians alike may locate that authority in mediating institutions of modest size, recognizing the importance of consent and localism, family and place, to good government. Sir Roger Scruton’s example shows that certain conservative cultural conditions enable market-based economies to flourish. The room is alive with ...

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E21:  PANDEMIC & JOB LOSS
The Second Phase of Unemployment Will Be Harsher – Victor Tan Chen & Ofer Sharone, The Atlantic
Subsidiarity and solidarity during a pandemic
James C. Capretta | RealClearPolicy
Why Communism Failed And Liberal Democracy Prospered
by Peter Berkowitz via PolicyEd
Liberal democracy triumphs where communism fails because it limits the government’s ability to make important decisions on behalf of its citizens.
The Journey Home: Wilhelm Röpke & the Humane Economy
Building American Institutions During a Cultural Crisis
The Christian Moral Economy
By Cicero Bruce on Jun 20, 2020 04:00 pm
The contributors to “Wealth, Poverty, and Human Destiny” underscore the truth that liberal intellectuals who foster the illusions that God is dead, that man is self-sufficient, are but tools in the hands of the actual dominant force: global corporations that wield economic power, power that the liberal intellectuals unwittingly serve by providing corporate advertisers ...
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MILTON FRIEDMAN EXPLAINS THE INVISIBLE HAND & REGULATORY CAPTURE

2/5/2020

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The Invisible Hand
by Milton Friedman via PolicyEd
When people follow their own interest, 
Friedman Fundamentals: Good Questions Gone Awry
By Milton Friedman via PolicyEd
When reformers create new regulations, they create opportunities that special interests can exploit to accumulate money and power. As long as we believe that the way to solve our problems is to permanently give the government more power, it will continue to grow.
Reforming The Fed
China’s Coming Economic Shift
 The Phillips Curve: A Poor Guide for Monetary Policy By James A. Dorn
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The Once and Future Worker: A Vision for the Renewal of Work in America by Oren Cass
By Daniel Griswold
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A Century of Federal Reserve Monetary Policy: Issues and Implications for the Future by Thomas R. Saving
By Peter Ireland
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Milton Friedman, An 'Elfin Libertarian' Giant
by David R. Henderson via Defining Ideas
A response to the carping c
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LIFE IN THE NEO-LIBERAL RUINS

10/1/2019

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Life in the Neoliberal Ruins?
by James R. Rogers

Brown is exactly right on the reality of the social. Her cure, however, is to introduce more of the disease rather than the remedy.​ Read More »
Milton Friedman Got Another Big Idea Right
Noah Smith, Bloomberg
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HOW TO UNDERSTAND HAYEK & WHY SOCIALISM HURTS

3/28/2019

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VON MISES INSTITUTE
Conservatives need to reread their Hayek 
Jonah Goldberg | NationalReview.com
Why Socialism Causes Shortages
Jeffrey Tucker, National Review
Socialism Rises from the Grave
Clifford D. May — The Washington Times 
In 2002, Joshua Muravchik, a distinguished scholar, wrote a history of socialism which, he thought, might also be considered an epitaph for socialism. Beginning in the 18th century, socialism had taken many forms in many countries throughout Europe, Asia, Africa, the Middle East and Latin America. These experiments failed, in many cases spectacularly and tragically. Surely, socialism was dead and buried. Yes, but like a zombie in a horror movie, it rose from the grave... Read More
Skewering “the Pretense of Knowledge” in the Financial Realm
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WHY THE AMERICAN LEFT ISN'T CONVINCED ABOUT ECONOMICS & THE THREAT FROM HOMO ECONOMICUS

2/10/2019

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LUDWIG VON MISES INSTITUTE 
Things we know that aren’t so  It’s not just homo economicus who threatens us
 Clifford D. May | Founder & President
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HOOVER INSTITUTION LAUNCHES FRIEDMAN FUNDAMENTALS

2/7/2019

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Hoover Institution Launches Friedman Fundamentals, A Video Series Highlighting The Nobel Laureate's Policy Insights
via Hoover Daily ReportThe Hoover Institution today launched Friedman Fundamentals, the latest video series in its Educating Americans in Public Policy (PolicyEd) program. The new videos pair the voice of economist Milton Friedman with custom and contemporary animation to compellingly illustrate his timeless explanations of economic concepts and policy ideas.
What We Learned About 70% Tax Rates 50 Years Ago
via PolicyEdMilton Friedman explains what happened when federal tax rates actually reached seventy percent over fifty years ago. As tax rates go up, taxpayers have more of a reason to avoid paying those taxes. Loopholes go hand-in-hand with higher tax rates, which is why lower rates on a broader base of income leads to a more equitable system.
HOOVER POLICY ED:  FRIEDMAN FUNDAMENTALS
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WHAT DO WE LEARN FROM THE BEST ECONOMISTS

2/3/2019

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What can we learn from the great economists? A long-read Q&A with Linda Yueh
James Pethokoukis | AEIdeas 
Economics professor and BBC presenter Linda Yueh describes how the world’s greatest economists took on the "big questions of the day — even if the answers weren't tidy."
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REFLECTIONS ON AYN RAND:  114 YEARS AFTER HER BIRTH

2/1/2019

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Reflections on Ayn Rand 114 Years After Her Birth
via Hoover Daily ReportAyn Rand was one of the first to offer an alternative vision of the knowledge economy where intellect truly drives a creative and free marketplace, Hoover scholar Jennifer Burns says.
ayn_rand__engineer_of_souls_by_anthony_daniels_published_in_the_new_criterion_february_2010.pdf
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THE INTERWAR YEARS:  LUDWIG VON MISES AS ECONOMIC ADVISOR

1/25/2019

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VON MISES.ORG
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REMEMBER HAYEK'S POINT:  GETTING BEYOND GROWTH

1/8/2019

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Beyond Growth
Abby McCloskey, National Affairs
Milton Friedman on ‘fair’ versus ‘free’ 
Mark J. Perry | AEIdeas 
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KEYNES VS. HAYEK:  THE DEBATE THAT SHAPED A GENERATION

11/26/2018

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HAYEK'S CONCEPT OF AN 'EXTENDED ORDER' EXAMINED

10/29/2018

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FEE
BOOK REVIEW:  THE FATAL CONCEIT
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HAYEK ON TRIBALISM

10/28/2018

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FEE
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A STUDY GUIDE TO HAYEK

10/28/2018

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FEE
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HAYEK & THE REINVENTION OF CURRENCIES

10/28/2018

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PROJECT SYNDICATE
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7 THINGS YOU MAY NOT KNOW ABOUT 'THE ROAD TO SERFDOM'

10/28/2018

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FEE
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Forward>>
    SOLZHENITSYN & HAYEK:  NOBEL PRIZE; BOTH MEN DEFEATED POSITIVISM.

    Author

    An authority on Southwest Asia political economy, and international columnist. covering 'the long war'.


    INSTITUTIONS & CULTURE = MARKETS

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    HOOVER INSTITUTION FRIEDMAN FUNDAMENTALS
    MILTON FRIEDMAN: LIBERALISM
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