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June 28, 2023
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** By Doug French
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** Housing Prices Are Falling As Reality Sinks In ([link removed])
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Rental prices are falling as the markets adjust to new realities. The Austrian business cycle theory explains why this is happening.
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** By Ryan McMaken
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** Radical Decentralization Was the Key to the West's Rise to Wealth and Freedom ([link removed])
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"The first condition for the maximization of economic efficiency is the liberation of civil society with respect to the state. . . . The expansion of capitalism owes its origins and raison d’être to political anarchy."
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** By Rudolph Kohn
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** The MMT-and-Bailey Fallacy ([link removed])
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The latest rage in macroceonomics is modern monetary theory, whose adherents invariably resort to the motte-and-bailey fallacy. Advocating inflation is never a good idea.
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