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Solidus.Center

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Just like it did during the pre-Great Depression "Roaring" Twenties, the Fed has promoted malinvestment ("irrational exuberance") of epic proportions...
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Solidus.Center

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Texas building a gold depository. China creating world's largest gold fund. Audit the Fed bill making progress. Deutsche Bank questions the Fed's credibility. http://www.solidus.center/reports-from-the-monetary-front-lines/
Texas building a gold depository. China creating world's largest gold fund. Audit the Fed bill making progress. Deutsche Bank questions the Fed's credibility.
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¿Confiscación de herencias?

Sorprende el último anuncio presidencial sobre lo que será el futuro impuesto a las herencias, legados y donaciones en el Ecuador. No porque sea nuevo (con tantos nuevos impuestos ya hemos perdido la capacidad de asombro) sino porque envía un mensaje negativo y peligroso en momentos delicados de nuestra economía.

Hay una cifra contundente que resalta cuando se ve la tabla de cálculo: 77,5%. Sí, ya hemos llegado en el país a un impuesto que se llevará, para el Estado, el 77,5% de la riqueza de algún ecuatoriano. Algo insólito, entiendo, desde que empezó nuestra vida republicana en 1830.

http://www.etorrescobo.com/2015/05/confiscacion-de-herencias.html
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Sorprende el último anuncio presidencial sobre lo que será el futuro impuesto a las herencias, legados y donaciones en el Ecuador.  No porque sea nuevo (con tantos nuevos impuestos ya hemos perdido la capacidad de asombro...
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Scott Goddard

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Would anybody be able to provide an Austrian School of Economics interpretation of income inequality? 

I've written a blog about the topic and want it to be as inclusive as possible of all economic dispositions.

On a side note, if you would like to read it, it can be found here:
Introduction In the UK at the time of writing, there appears to be a handful of issues that are seemingly inexpungible from the media limelight; they are tireless and of unceasing appeal. Immigration and welfare benef...
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Warren Dew's profile photo
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+Scott Goddard Small competitors tend to be more nimble and thus more able to take advantage of new technologies and organizational inefficiencies of the large incumbents.  This is for example how MCI  was able to break open the long distance telephony market from AT&T.

Personally, I think the reduction of income inequality during major crisis wars is a direct result of the wars destroying many of the large incumbents - for example, taking away the slave labor used by the large incumbent plantations in conjunction with the Civil War, or Packard losing its peacetime production capital due to lack of maintenance during WWII.
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Christian Gruber
moderator

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Economics.  It's all about that X, 'bout that X. No macro...
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Solidus.Center

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The Fed's bubble/burst economic paradigm has been widening the federal government's revenue/spending gap.
The Fed's bubble/burst economic paradigm since the late 1990s has been widening the federal government's revenue/spending gap. This is primarily because...
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Junius Maltby

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Mark Efreet

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To even follow the logic of this article requires an extraordinary amount of economic illiteracy.
 
Why is it people still think Republicans are all about cutting the deficit, spending less and smaller government? Folks really need to understand that the GOP has been co-opted by greedy oligarchs who blatantly manipulate religious radicals in order to maintain their control and rob taxpayers blind.
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meanwhile, they decry the Koch brothers :)
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Roland Mösl

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Economy and politics has to be guided by an new paradigm:

Infinitism: a civilization can develop an ability for unlimited survival.

An association to support infinitism was founded March 2nd in Austria.

We are now fund raising for the first big action:
A keynote at the 3rd WEIS - World Emerging Industries Summit in China April 20 to 22.

http://www.pege.org/2015/2015-03-08_e.html
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Warren Dew

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The more I hear about Christine Lagarde, the smarter she seems.  She is absolutely spot on about every recommendation regarding the U.S., despite the New York Post 's desire for her to butt out.

http://nypost.com/2015/06/07/christine-lagarde-says-federal-budget-is-policy-dysfunction/
On Thursday, IMF chief Christine Lagarde shocked Wall Street — and probably the Obama administration — with a speech telling Fed boss Janet Yellen she should stop talking about raising rates this y...
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Solidus.Center

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Re: Looking for writing opportunities with pro-free market organizations. Forgot to mention yesterday that several examples of my writing can be found on my nonprofit's--Solidus.Center's--blog and on ECOMINOES, my former libertarian economics and politics blog. Hope you find them enlightening and entertaining. Thanks again. http://solidus.center/looking-for-writing-opportunities-with-pro-free-market-organizations/
Seth Mason operates Solidus.Center pro-bono. As such, he's looking for paid writing opportunities with pro-free market organizations.
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Cheesy Mac

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+Brook Warren he's got a guest speaker, I forget his name. Pretty good though. I'm going to re listen it tomorrow
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Dellrugby PM

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Please check out views on the economy, chance for a free Silver Eagle and some coins to admire: https://youtu.be/xvvrw3MDaR4
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Paul Atwood

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The Quantity Theory of Money that an increase in supply should result in a decrease in its purchasing power (inflation) is being seriously questioned behind the curtain. The simplistic idea is star...
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Mark Efreet

Discussion  - 
 
 
We should abandone anti-discrimination laws in regards to employment. Every employer should be allowed to hire or not hire any individual for any reason because the alternative is irrational and here are some arguments why.

But first, ground rules.

1. You cannot use segregation as an argument because segregation was enforced by the government. My argument is that anti-discrimination laws are irrational therefore I would hold the same position in regards to pro-discrimination laws.

2. The absence of a law is not a law. Removing anti-discrimination laws cannot be considered a pro-discrimination law.

3. You cannot use any instances of murder, assault, rape, or verbal abuse because these things are already illegal separate from the equal opportunity employment act.

Definitions
Market = All human activity including decisions you yourself make on a daily basis.

Anti-discrimination laws = see the equal opportunity employment act.

Arguments

1. If the market has a preference towards multi-culturalism and diversity then employers who exhibits those traits will have a market advantage. The fact that the majority of Americans vote in favor of anti-discrimination laws shows us that market demand is there, but imposing those laws would effectively eliminate any market advantage non-bigoted employers would otherwise have.

2. Clothing retail is in the business of selling persona. Telling Abercrombie that they can't take persona into consideration is equivalent to telling a welding company that they can't hire welders based on how well they weld. We might as well tell Hooters to only hire hairy fat men. Bon apatite. (Sp?)

3. If an employer puts petty prejudice above financial gain in his hiring or promoting practices, he is reducing his exposure to the talent pool. The more profit driven, and therefore open minded, an employer is the greater market advantage is because of his greater exposure to the talent pool. If talent is evenly distributed among race then diversity will be automatic, but if it is not there is no law that can effectively change that because that would be predicated on the actions of individuals.

4. Anti-discrimination laws are unenforceable because we cannot ever know all the reasons why someone may be hire or not hired. If we enforce these laws on bigots we also impose these laws on non-bigots therefore giving market advantage to those who are willing to break laws rather than those who abide by laws. This creates a reversal of the laws intentions because bigoted employers would thus break the law and in turn have a wider exposure to the talent pool giving the bigots market advantage.
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+Allan P 
How so?
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