Necessary Facts

Observations, reports, and discoveries that are true of necessity because they are perceivable and reasonable, empirical and logical, evidentiary and rational, synthetic and analytic. Truths are objective statements.

Showing posts with label Hayek. Show all posts

Sunday, October 27, 2013

Money Without Banks and Governments

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The Stock Market Crash of 1929 marked the onset of the Great Depression, but it took 30 months for the banks to fail. After all, the stock m...

Friday, July 27, 2012

The Pretense of Sociology

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The Pretense of Knowledge: Of What Use is Sociology? On the OrgTheory blog Jennifer Lena ( bio here ) replied with some numbers to F...

Tuesday, August 23, 2011

Numismatics informs Economics

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If economists actually collected and studied the media of commerce, they would avoid errors common even to advocates of capitalism. Milton ...

Monday, August 22, 2011

Numismatics: the Standard of Proof in Economics

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Hayek, Mises, and Rothbard, and of course Friedman, for all their passion, lacked any understanding of numismatics. As a result, their t...

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Friday, July 29, 2011

Innovation and Discovery

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The merchants of Sumeria invented fiduciary instruments on clay tablets 3000 years before the first coin was struck. Coins, philosophy, an...

Sunday, March 27, 2011

Mere Gold is Not Enough: Hayek's "Denationalisation"

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F. A. Hayek's Denationalisation of Money (1978) made a case for an open market in money, without legal tender laws, and without a gover...

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Michael E. Marotta: Experienced freelance technical writer always looking for more work. Author of over 300 newspaper, magazine and journal articles on topics of business, technology, and society.

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