Artículo de la Semana - 25 agosto Posted on 08-25-2008 16:17 Getting Closer to Debasing the Currency Economically speaking, the so-called credit market crisis is, first and foremost, a reallocation of property rights. Overstretched borrowers default on their obligations. Lenders, who have made unwise credit decisions, run up losses if they fail to collect interest and principal payments on credit extended. Luckily, all this leaves the physical supply of economic goods untouched. Lower Labor Costs Now! Official data are starting to reveal what close observers have suspected for some time. Layoffs are increasing. Unemployment is on the rise. It now stands at a four-year high of 5.7 percent, which is not high by historical standards, but it stings when you consider that the rate dipped below 4 percent in the late 1990s. Artículo de la Semana - 28 julio [An audio version of this article, read by Ron Jennings, is available as a free MP3 download.] A debate has been raging for some time among those in the finance industry about whether the United States is currently experiencing inflation, deflation, stagflation, reflation, hyperinflation, or maybe even some other sort of "-flation" that only Dr. Seuss could imagine. Artículo de la Semana - 14 julio Christopher Lingle / New Delhi July 11, 2008, 0:03 IST Artículo de la Semana - 07 julio Secret report: biofuel caused food crisis Biofuels have forced global food prices up by 75% - far more than previously estimated - according to a confidential World Bank report obtained by the Guardian. The damning unpublished assessment is based on the most detailed analysis of the crisis so far, carried out by an internationally-respected economist at global financial body. Artículo de la Semana - 30 de junio - 4 julio Special Report What do LEGOs, Nokia and 18th century political economist Adam Smith have in common? All three show why Denmark has become the best country in the world for business. Speaking two decades before The Wealth of Nations was published in 1776, Smith said, "Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things." Artículo de la Semana - 23 de junio THE FUTURE OF ENERGY Jun 19th 2008 Artículo de la Semana - 9 de junio June 2, 2008 I do not want to work in a third world "sweatshop." If you are reading this on a computer, chances are you don't either. Sweatshops have deplorable working conditions and extremely low pay—compared to the alternative employment available to me and probably you. That is why we choose not to work in sweatshops. All too often the fact that we have better alternatives leads first world activists to conclude that there must be better alternatives for third world workers too. Artículo de la Semana - 02 de junio April 7, 2008 Artículo de la Semana - 19 de mayo Acerca del arroz y las Leyes del Grano Como todo el mundo sabe, los precios de los alimentos han subido dramáticamente en los últimos años. Los precios del arroz han contribuido considerablemente al alza—han aumentado más que el doble desde principios de este año. Una vez dicho eso, los mercados futuros de arroz, los cuales de hecho son fragmentados y de pequeño margen, indican que no hay una escasez severa de arroz. Artículo de la Semana - 12 de mayo Paul Krugman writes in the New York Times, April 7 that there is a world food shortage, accompanied by skyrocketing prices. Because of this, poor people in Africa and other places are starving. He suggests that this has come about mostly for these reasons: Artículo de la Semana - 05 de mayo Entrevista Economista opina que intervención del Estado podría crear más alzas
Inflationary Expectations
By Christopher Lingle
A triumph of education in the 20th century was that economists convincingly argued that inflation was caused by excessive monetary creation, usually at the behest of politicians.
A scientific and popular consensus formed that recognized inflation to be the result of actions of elected or appointed officials who controlled the money supply. As such, citizens were less likely to blame greedy grocers or omnivorous oilmen or testy trade unionists for higher prices.
Preventing the Free Market from Doing Its Job
Inflation Deflation Red-flation Blue-flation
Christopher Lingle:
It`s neither the oil prices nor the high wages
A common fallacy about inflation arises from a belief that prices are determined by costs.
With so much evidence of rising inflationary expectations, most blame higher oil prices, or rising wage levels, for the higher consumer prices. These fears reveal a common mistake of economic analysis that rising costs, either due to demands for higher wages or higher commodity prices, are the cause of rising consumer prices
Internal World Bank study delivers blow to plant energy drive 
The Best Countries For Business
Jack Gage 06.26.08, 6:00 PM ET
The power and the glory
From The Economist print edition
EVERYONE loves a booming market, and most booms happen on the back of technological change. The world’s venture capitalists, having fed on the computing boom of the 1980s, the internet boom of the 1990s and the biotech and nanotech boomlets of the early 2000s, are now looking around for the next one. They think they have found it: energy. 
In Defense of "Sweatshops"
by Benjamin Powell*
Oil Prices
by Robert P. Murphy*
n March 3, oil prices surpassed the inflation-adjusted record set back in 1980 during the Iranian hostage crisis. Since then, they have set all-time highs—over $111 per barrel as of this writing. These sky-high prices, as well as the "unconscionable" profits earned by the oil companies, have led to predictable calls for government to hike taxes on Big Oil and to subsidize alternative energy sources. Only wise politicians, we are told, can steer the myopic market away from its dependence on foreign fossil fuels.
Steve H. Hanke es profesor de economía aplicada en la Universidad Johns Hopkins y Senior Fellow del Cato Institute.Are We Running Out of Food?
James Gwartney: “Crisis de precios tiene soluciones de mercado”
La alerta mundial y nacional desatada por el incremento en muchos productos, como granos, bienes de la canasta básica y servicios como el transporte o la electricidad pueden enfrentarse de una manera diferente a la usual intervención gubernamental, al valerse del libre comercio y del fomento a la empresarialidad.
Artículo de la Semana - 28 de abril
Economic View
Freer Trade Could Fill the World’s Rice Bowl
By TYLER COWEN
Published: April 27, 2008
RISING food prices mean hunger for millions and also political unrest, as has already been seen in Haiti, Egypt and Ivory Coast. Yes, more expensive energy and bad weather are partly at fault, but the real question is why adjustment hasn’t been easier. A big problem is that the world doesn’t have enough trade in foodstuffs.
Artículo de la semana 21 de abril
Inflation and Price Control
Daily Article | by Ludwig von Mises
1. The Futility of Price Control
Under socialism production is entirely directed by the orders of the central board of production management. The whole nation is an "industrial army" (a term used by Karl Marx in the Communist Manifesto) and each citizen is bound to obey his superior's orders. Everybody has to contribute his share to the execution of the overall plan adopted by the Government.
Artículo de la Semana 14 de abril
11 de marzo de 2008
¿De dónde viene la inflación latinoamericana?
por Juan Carlos Hidalgo es Coordinador para Proyectos de América Latina del Cato Institute.La inflación nuevamente está causando dolores de cabeza en América Latina. En el 2007, el Índice de Precios al Consumidor (IPC) aumentó en todas menos dos economías.
- Read more (lea más)
Artículo de la Semana 7 de abril
May 1996, Vol 46, No. 5
I, Pencil
By Leonard E. Read
“I, Pencil,” his most famous essay, was first published in the December 1958 issue of The Freeman.
I am a lead pencil—the ordinary wooden pencil familiar to all boys and girls and adults who can read and write.*
* My official name is “Mongol 482.” My many ingredients are assembled, fabricated, and finished by Eberhard Faber Pencil Company.
Artículo de la Semana del 31 de marzo
Inflation
by David Ranson
Inflation is the loss in purchasing power of a currency unit such as the dollar, usually expressed as a general rise in the prices of goods and services.
Artículo de la Semana del 24 de marzo
Economics and the rule of law
Order in the jungle
Mar 13th 2008
From The Economist print editionThe rule of law has become a big idea in economics. But it has had its difficulties - Read more (lea más)
