This is ancap nightmare fuel
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Hi everyone, I recently finished Roger Garrison’s lecture on the Austrian Theory of the Business Cycle titled “Capital-Based Macroeconomics.” It is a roughly 50-slide presentation you can download for those who have not looked at it. It visually represents what happens when the Federal Reserve uses its policies to reduce interest rates using charts and graphs such as the Production Possibilities Frontier, Hayekian Triangle, and the Loanable Funds Market. Dr. Garrison illustrates the relationship between these charts in […]
Does an individual’s socio-economic background affect their likelihood of success in academia or their field of study? It certainly might. A new study, “Climbing the Ivory Tower: How Socio-Economic Background Shapes Academia,” by Ran Abramitzky, Lena Greska, Santiago Pérez, Joseph Price, Carlo Schwarz, and Fabian Waldinger, casts some light on this subject. Here’s the abstract: We explore how socio-economic background shapes academia, collecting the largest dataset of U.S. academics’ backgrounds and research output. Individuals from poorer backgrounds have been severely underrepresented for […]
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As President Joe Biden continues to mull whether to allow one private steelmaking company to purchase another, it’s worth taking a moment to appreciate the bizarre political alliances that opponents of the U.S. Steel/Nippon Steel deal have forged. Like the American steelmaking company that’s working with a prominent environmentalist group to lobby the White House to block the deal. The steel company is Cleveland-Cliffs, the Ohio-based company that lost the bidding war to buy U.S. Steel last year. […]
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