Aussienomics

Bitcoin Fractional Reserve Banking: An Austrian Perspective

drwasho — 2013-04-22T02:48:05+00:00

Can Bitcoins be used in a fractional reserved banking system? This is my analysis, from an Austrian economics perspective.

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Published under: Economics

Is Bitcoin in a bubble?

drwasho — 2013-04-09T22:58:53+00:00

The price of Bitcoin is going parabolic in US dollars, promoting many to wonder whether Bitcoin is in a massive bubble. We take a look at that in some finer detail.
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Published under: Economics

Fraudulent Reserve Banking?

drwasho — 2012-11-28T23:14:14+00:00

Libertarians often find themselves internally split on a few hot key issues. One of the most persistent issues is fractional reserve banking (FRB). There is a split between those who consider FRB to be a normal and healthy banking practice within the economy, and those who see it as inherently fraudulent.

I have promised to write an article about this issue many months ago, and finally I have got around to it. My position in this article is that FRB is not fraudulent. Rather, the mechanics of FRB adhere to the criteria of a valid contract and can rightfully exist on a free market without third party interference.
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Published under: Economics

The Mises Seminar: 1-2 December feat. Professor Walter Block

drwasho — 2012-10-25T22:53:18+00:00

It's that time of the year again.

The time where a small but passionate group of liberty-loving individuals gather together to learn and share. The Mises Seminar is the only conference in Australia to promote the Austrian school of economics and Rothbardian-Hoppe style libertarianism. Keeping up with this commitment, we're proud to announce that Professor Walter Block will be the keynote speaker for this year's seminar.

Please visit the website and register asap so you don't miss out on this event!

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Published under: Economics

Business ≠ Free Markets

Justin — 2012-07-31T06:00:25+00:00

Whenever the Government goes around proclaiming that they have the support of "business", it would be wise to first look at why "business" is supportive before blindly assuming it is good for the economy as too many pundits do.
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Published under: Economics

Re-thinking Road Funding

Justin — 2012-07-27T06:15:59+00:00

Excise taxation veils the true costs of road use to consumers and redirects decision making away from locals.
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Published under: Economics

The Sky is Falling!

Justin — 2012-07-12T03:17:19+00:00

Gillard's argument (and the opposition's chicken little argument) misses the point entirely. In economics, the margin matters.
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Published under: Economics

Taxi Wars

Justin — 2012-05-02T06:10:55+00:00

While yet another subsidy for taxi drivers may well help alleviate the problem, the real question we should be asking is why is the taxi market not clearing in the first place? Is this really a market failure -- as this response would indicate -- or is it government failure?
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Published under: Economics

Why ‘Price Gouging’ shouldn’t be illegal - in 5 minutes.

drwasho — 2012-04-18T22:09:49+00:00

Great video on a super important principle.
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Published under: Economics

Compulsory Superannuation Contributions - Who wins?

drwasho — 2012-03-26T03:44:50+00:00

Who wins when employers are coerced into raising superannuation contributions.
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Published under: Economics