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Economic Debates

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A Decade of Illegal Conduct by JP Morgan Chase

A summary of known illegal activity by JP Morgan chase over the last 10 years.

Stefan Molyneux: The Truth About Karl Marx

Karl Heinrich Marx is known as a German philosopher, economist and revolutionary socialist. How did the man who railed against economic and sexual exploitation treat those around him? What is the truth about Karl Marx?

Nigel Farage: "Europe Is Now Run By Big Banks, Big Business, And Big Bureaucrats"

With Greek Prime Minister Antonis Samaras settling into his role as EU President, UKIP's Nigel Farage stunned the "Goldman Sachs puppet" with a 150-second tirade of truth he has likely never experienced.

Thomas Sowell's personal odyssey from Marxism to free market capitalism, and his experiences at Harvard

Uncommon knowledge host Peter Robinson investigates Professor Sowell's journey from Marxism to free market advocacy.

George Gilder on information theory, knowledge and economics

George Gilder discusses his conception of knowledge, power, and the economy, as described in his latest book, Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World. He argues that a low entropy, or predictable and stable, carrier is required for the emergence of knowledge -- whether it be a fiber optic cable and communication, or a social system governed by the rule of law and economic innovation. Such a social system is not spontaneous, but rather developed through sacrifice and a religious order.

Ron Paul: Chained Consumer Price Index masks inflation

Chained CPI is an effort to alter the perceived impact of inflation via the gimmick of “full substitution." This is the assumption that when the price of one consumer product increases, consumers will simply substitute a similar, lower-cost product with no adverse effect. Thus, the government decides your standard of living is not affected if you can no longer afford to eat steak, as long as you can afford to eat hamburger.

Judge Rakoff: Why Has Nobody Gone To Jail For The Financial Crisis?

Five years have passed since the onset of what is sometimes called the Great Recession. While the economy has slowly improved, there are still millions of Americans leading lives of quiet desperation: without jobs, without resources, without hope. Who was to blame? Was it simply a result of negligence, of the kind of inordinate risk-taking commonly called a “bubble,” of an imprudent but innocent failure to maintain adequate reserves for a rainy day? Or was it the result, at least in part, of fraudulent practices, of dubious mortgages portrayed as sound risks and packaged into ever-more-esoteric financial instruments, the fundamental weaknesses of which were intentionally obscured?

Confessions of a Quantitative Easer

"I can only say: I'm sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the Fed's first plunge into the bond-buying experiment known as quantitative easing. The central bank continues to spin QE as a tool for helping Main Street. But I've come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time."

How Farmers Became Slaves to the Corporate Masters

Divided We Stand is an expose of the domination of the corporations in America over the people of America and, in particular, the people of the South and West. The professor presents evidence to support the idea that America is composed of three distinct regions, with differing cultures and the controlling corporate interests were primarily in the Northern Region. These interests were pulling the wealth out of the other regions.

Fewer Americans Pay No Federal Income Tax

The percentage of Americans who pay no federal income tax is falling, thanks to an improving economy and the expiration of temporary Great Recession-era tax cuts. In 2009, the Tax Policy Center estimated that 47 percent of households paid no federal income tax. This year, just 43 percent will avoid the tax.

Japan's Debt Problem Visualized

A short, visual explanation of Japan's debt crisis by Addogram.

How Modern Economics Is Built On 'The World's Dumbest Idea'

Moving on from the shareholder value theory, which even its foremost exemplar, Jack Welch, has called “the dumbest idea in the world”, will entail re-thinking and re-writing much of the basics of modern economics.

Three ways to think about intellectual property

The Stop Online Piracy Act created a stir in the United States about intellectual property and how it should be understood. Attempts to shut down the peer-to-peer music-sharing website Pirate Bay in Europe led to the creation of a new political party, the Pirate Party, which has had some surprising electoral success. The debates over SOPA and Pirate Bay have brought intellectual property into the spotlight. How should we define intellectual property? What are the implications of the different possible definitions? How will the debate end?

Death of a Civilization, by David Deming

Western Civilization is coasting on an impetus provided by our ancestors. There is scarcely anyone alive in Europe or America today who believes in the superiority of Western society. Guilt and shame hang around our necks like millstones, dragging our emasculated culture to the verge of self-immolation.

Story of Cosmetics, The Critique

Lee Doren's critique of the popular "Story of Cosmetics" video.

Story of Broke, The Critique

Lee Doren's critique of the popular "Story of Broke" video.

Blast From the Future on the Crash of 2015

In this speculative fiction, Peter J. Tanous writes from 2016.

Story of Stuff, The Critique

Lee Doren's critique of "The Story of Stuff.

Hayek vs. Keynes Rap Battles

Improve your economic literacy by watching two of history's greatest economists rap.

Bar Stool Economics and How Taxes Work

Lee Doren explains bar stool economics.

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