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- Inflation: A Semantic Change Worth Noting https://t.co/2TlFI45lPM @SchiffGold
- The Austrian school and monetary policy
- Kudow also said its important that we raise the debt ceiling so that we don't ruin our credit. Yep we would not want to "ruin" our credit by not raising a ceiling that prevents us from going even deeper into debt!
- Nov Commentary "US Democracy began as a great Movement. It became a Business. Now it is just a Racket." published. https://t.co/M2NoQayrz5
- I will be on the @Benzinga #PreMarket Prep show tomorrow at 9 a.m. EST! Tune in here: http://bit.ly/1RXB5uD
- Walter Block and Mark Skousen to Battle Over Hayekian Triangle at Anarchapulco!
- Excellent Comic Strip Explains Our Situation
- My latest CNBC Asia interview – Bubble Fundamentals: This Market Needs More Cheap Money @SchifGold https://t.co/g8XBgb0Xo6
- Ronald Reagan had the integrity to stand by Volcker when Volcker was doing something that was very politically unpopular. A lot of people were being hurt by these sky-high interest rates, but Reagan stood behind his Fed chairman. http://bit.ly/2BJIJG2
- 10 year treasury yields are now just below 2.95%. For those who think 3% is the ceiling think again. Once we move above 3.25% i think the move to 4% will be quick. If the stock market hasn't crashed by then, or the Fed has not changed policy, the move to 5% will be even quicker!
Friday, April 8, 2016
Net Neutrality and Internet Services Providers: Are they natural monopolies? How do Austrians justify the current state of the ISP market?
Hello all. I'm 18 and currently doing a lot of reading on these issues in order to form an opinion. I've been introduced to Austrian Economics through a variety of sources, and its arguments are very compelling. However, there is one issue which I remain skeptical about. I have never been able to find an adequate conclusion in the debate between the two parties on the subject of regulating ISPs. More often than not both parties simply end by saying that the other has been fed propaganda and is wrong. Austrians will argue there are no natural monopolies, and that the current state of the ISP market is caused by government regulation. However, others will counter this by identifying that the Telecommunications Act of 1996 primarily dealt in deregulation, and that the oligopoly we now see is a result of this. I have not found a satisfying conclusion to this debate, and it is the barrier of my entry into fully accepting Austrian Economics.