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	<title>Monty Pelerin&#039;s World &#187; Favorites</title>
	<atom:link href="http://www.economicnoise.com/category/favorites/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.economicnoise.com</link>
	<description>Economics, Finance and Politics Through The Prism of Classical Liberalism</description>
	<lastBuildDate>Wed, 08 Sep 2010 11:43:52 +0000</lastBuildDate>
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		<title>Keynes as “Useful Idiot”</title>
		<link>http://www.economicnoise.com/2010/08/31/keynes-as-%e2%80%9cuseful-idiot%e2%80%9d/</link>
		<comments>http://www.economicnoise.com/2010/08/31/keynes-as-%e2%80%9cuseful-idiot%e2%80%9d/#comments</comments>
		<pubDate>Tue, 31 Aug 2010 11:35:53 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Favorites]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[History]]></category>
		<category><![CDATA[Keynesian]]></category>
		<category><![CDATA[Other]]></category>
		<category><![CDATA[Hayek]]></category>
		<category><![CDATA[Hazlitt]]></category>
		<category><![CDATA[ideology]]></category>
		<category><![CDATA[Kevin Hassett]]></category>
		<category><![CDATA[Keynes]]></category>
		<category><![CDATA[Keynesianism]]></category>
		<category><![CDATA[Knight]]></category>
		<category><![CDATA[Kuhn]]></category>
		<category><![CDATA[mises]]></category>
		<category><![CDATA[statist]]></category>
		<category><![CDATA[Viner]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=13420</guid>
		<description><![CDATA[The milk of American politics may be money, but the fuel for American socialism is Keynesian economics. Keynesianism’s inherent bias toward bigger government has made it the indispensable tool for statists around the globe. Politicians&#8217; natural wont to spend and control benefited immensely when John Maynard Keynes published the General <a href='http://www.economicnoise.com/2010/08/31/keynes-as-%e2%80%9cuseful-idiot%e2%80%9d/'>[...]</a>]]></description>
		<wfw:commentRss>http://www.economicnoise.com/2010/08/31/keynes-as-%e2%80%9cuseful-idiot%e2%80%9d/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Eggs vs. Idiots</title>
		<link>http://www.economicnoise.com/2010/08/25/eggs-vs-idiots/</link>
		<comments>http://www.economicnoise.com/2010/08/25/eggs-vs-idiots/#comments</comments>
		<pubDate>Wed, 25 Aug 2010 11:20:16 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Favorites]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[ethics]]></category>
		<category><![CDATA[knowledge]]></category>
		<category><![CDATA[law]]></category>
		<category><![CDATA[Carter]]></category>
		<category><![CDATA[eggs]]></category>
		<category><![CDATA[idiots]]></category>
		<category><![CDATA[Lenin]]></category>
		<category><![CDATA[narcissism]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[Psychology]]></category>
		<category><![CDATA[Socialism]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=13227</guid>
		<description><![CDATA[An interesting battle is shaping up between what I call the “Eggs” and the “Idiots.” The significance of the terms and which team you are on will become clear shortly. American Thinker discussed the intelligence of President Obama and concluded: As far as Barack Obama being smart as a whip <a href='http://www.economicnoise.com/2010/08/25/eggs-vs-idiots/'>[...]</a>]]></description>
		<wfw:commentRss>http://www.economicnoise.com/2010/08/25/eggs-vs-idiots/feed/</wfw:commentRss>
		<slash:comments>6</slash:comments>
		</item>
		<item>
		<title>The Divine Right of Government</title>
		<link>http://www.economicnoise.com/2010/08/19/the-divine-right-of-government/</link>
		<comments>http://www.economicnoise.com/2010/08/19/the-divine-right-of-government/#comments</comments>
		<pubDate>Thu, 19 Aug 2010 11:31:25 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Favorites]]></category>
		<category><![CDATA[GDP]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Insolvency]]></category>
		<category><![CDATA[Keynesian]]></category>
		<category><![CDATA[divine right]]></category>
		<category><![CDATA[Gary North]]></category>
		<category><![CDATA[Gdp Increase]]></category>
		<category><![CDATA[Keynesian Economic Theory]]></category>
		<category><![CDATA[Keynesian Theory]]></category>
		<category><![CDATA[Nominal Gdp]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=12995</guid>
		<description><![CDATA[History is a great teacher. It often provides clues that enable us to understand the present and future. The ancient regime’s concept of divine right of kings seems pertinent to today. According to Wikipedia: The Divine Right of Kings is a political and religious doctrine of royal absolutism. It asserts that a monarch is subject <a href='http://www.economicnoise.com/2010/08/19/the-divine-right-of-government/'>[...]</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Horrors of Socialism</title>
		<link>http://www.economicnoise.com/2010/08/11/the-horrors-of-socialism/</link>
		<comments>http://www.economicnoise.com/2010/08/11/the-horrors-of-socialism/#comments</comments>
		<pubDate>Wed, 11 Aug 2010 10:00:05 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Favorites]]></category>
		<category><![CDATA[History]]></category>
		<category><![CDATA[politics]]></category>
		<category><![CDATA[Friedrich Hayek]]></category>
		<category><![CDATA[Lawrence Reed]]></category>
		<category><![CDATA[Murder]]></category>
		<category><![CDATA[Socialism]]></category>
		<category><![CDATA[Statism]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=12523</guid>
		<description><![CDATA[Friedrich Hayek warned about the dangers of socialism in The Road to Serfdom. It was a dispassionate attempt to describe how, when you relax the constraints on government, the results are unintended. His chapter on &#8220;Why the Worst Get to The Top&#8221; should frighten anyone, even the well-meaning, misguided persons <a href='http://www.economicnoise.com/2010/08/11/the-horrors-of-socialism/'>[...]</a>]]></description>
		<wfw:commentRss>http://www.economicnoise.com/2010/08/11/the-horrors-of-socialism/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>Desperate Economic Action Ahead?</title>
		<link>http://www.economicnoise.com/2010/08/10/desperate-economic-action-ahead/</link>
		<comments>http://www.economicnoise.com/2010/08/10/desperate-economic-action-ahead/#comments</comments>
		<pubDate>Tue, 10 Aug 2010 13:28:17 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Bernanke]]></category>
		<category><![CDATA[Favorites]]></category>
		<category><![CDATA[Fed]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Insolvency]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[ethics]]></category>
		<category><![CDATA[devaluation]]></category>
		<category><![CDATA[future]]></category>
		<category><![CDATA[Hyperinflation]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=12707</guid>
		<description><![CDATA[The economic condition of the country continues to decline toward its rendezvous with an, as yet, unknowable catastrophe. Speculation regarding this outcome is natural because self-interest, if not self-preservation, is at stake. Here is but one possibility. It is not a prediction, but a look at a series of not <a href='http://www.economicnoise.com/2010/08/10/desperate-economic-action-ahead/'>[...]</a>]]></description>
		<wfw:commentRss>http://www.economicnoise.com/2010/08/10/desperate-economic-action-ahead/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Inflation: The Last Gasp of the Obama Economic Crisis</title>
		<link>http://www.economicnoise.com/2010/08/03/inflation-the-last-gasp-of-the-obama-economic-crisis/</link>
		<comments>http://www.economicnoise.com/2010/08/03/inflation-the-last-gasp-of-the-obama-economic-crisis/#comments</comments>
		<pubDate>Tue, 03 Aug 2010 11:10:28 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Bernanke]]></category>
		<category><![CDATA[Favorites]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Insolvency]]></category>
		<category><![CDATA[Volker]]></category>
		<category><![CDATA[Great Depression]]></category>
		<category><![CDATA[Richard Russell]]></category>
		<category><![CDATA[Volcker]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=12505</guid>
		<description><![CDATA[Inflation is neither strategy nor solution; it is the last gasp of a desperate ruling class. Inflation is the inevitable ending of this awful economic crisis. The only questions are how much and when. Rising support champions inflation as a salvation strategy. Richard Russell in a recent newsletter provides the <a href='http://www.economicnoise.com/2010/08/03/inflation-the-last-gasp-of-the-obama-economic-crisis/'>[...]</a>]]></description>
		<wfw:commentRss>http://www.economicnoise.com/2010/08/03/inflation-the-last-gasp-of-the-obama-economic-crisis/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Our Patrick Henry Moment is Here</title>
		<link>http://www.economicnoise.com/2010/08/01/our-patrick-henry-moment-is-here/</link>
		<comments>http://www.economicnoise.com/2010/08/01/our-patrick-henry-moment-is-here/#comments</comments>
		<pubDate>Sun, 01 Aug 2010 10:26:52 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Favorites]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[History]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[ethics]]></category>
		<category><![CDATA[morality]]></category>
		<category><![CDATA[spending]]></category>
		<category><![CDATA[taxes]]></category>
		<category><![CDATA[Founding Fathers]]></category>
		<category><![CDATA[Hayek]]></category>
		<category><![CDATA[Liberty]]></category>
		<category><![CDATA[mises]]></category>
		<category><![CDATA[Patrick Henry]]></category>
		<category><![CDATA[Socialism]]></category>
		<category><![CDATA[Totalitarianism]]></category>
		<category><![CDATA[Tyranny]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=12264</guid>
		<description><![CDATA[Obama&#8217;s election was supposed to transform America, at least in his mind. This country&#8217;s first Socialist President strode into office confident he would remake this country. Unfortunately for him and fortunately for the country, the timing of his election was twenty if not fifty years too late. Socialism failed in <a href='http://www.economicnoise.com/2010/08/01/our-patrick-henry-moment-is-here/'>[...]</a>]]></description>
		<wfw:commentRss>http://www.economicnoise.com/2010/08/01/our-patrick-henry-moment-is-here/feed/</wfw:commentRss>
		<slash:comments>16</slash:comments>
		</item>
		<item>
		<title>The Pretence of Knowledge</title>
		<link>http://www.economicnoise.com/2010/07/29/hayek-vs-bernanke/</link>
		<comments>http://www.economicnoise.com/2010/07/29/hayek-vs-bernanke/#comments</comments>
		<pubDate>Thu, 29 Jul 2010 17:52:57 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Bernanke]]></category>
		<category><![CDATA[Favorites]]></category>
		<category><![CDATA[Fed]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Keynesian]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[knowledge]]></category>
		<category><![CDATA[spending]]></category>
		<category><![CDATA[taxes]]></category>
		<category><![CDATA[Alan Greenspan]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[Chairman of the Federal Reserve]]></category>
		<category><![CDATA[Economic Outlook]]></category>
		<category><![CDATA[Economic Stress]]></category>
		<category><![CDATA[Economics Profession]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[Friedrich Hayek]]></category>
		<category><![CDATA[Keynesians]]></category>
		<category><![CDATA[Nobel Speech]]></category>
		<category><![CDATA[Uncertainty]]></category>
		<category><![CDATA[Uncertainty Principle]]></category>
		<category><![CDATA[Unemployment Rate]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=12092</guid>
		<description><![CDATA[The &#8220;Pretence of Knowledge&#8221; was the title of economist Friedrich Hayek&#8217;s 1974 Nobel speech. In his first few sentences, he described the then-prevailing economic condition in words appropriate to today: &#8230; [this economic condition] has been brought about by policies which the majority of economists recommended and even urged governments <a href='http://www.economicnoise.com/2010/07/29/hayek-vs-bernanke/'>[...]</a>]]></description>
		<wfw:commentRss>http://www.economicnoise.com/2010/07/29/hayek-vs-bernanke/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Repent: The end is near</title>
		<link>http://www.economicnoise.com/2010/07/28/repent-the-end-is-near/</link>
		<comments>http://www.economicnoise.com/2010/07/28/repent-the-end-is-near/#comments</comments>
		<pubDate>Wed, 28 Jul 2010 12:15:57 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Favorites]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[ethics]]></category>
		<category><![CDATA[law]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=12209</guid>
		<description><![CDATA[It was a lazy afternoon.  At least it was until I came across a blog by Mish. There was little in the post that I didn&#8217;t know or suspect, but this quote triggered a reaction: &#8220;It hides the economic substance of what&#8217;s really happening—an unlimited taxpayer bailout.&#8221; William Black, a <a href='http://www.economicnoise.com/2010/07/28/repent-the-end-is-near/'>[...]</a>]]></description>
		<wfw:commentRss>http://www.economicnoise.com/2010/07/28/repent-the-end-is-near/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Ratcheting to Ruin</title>
		<link>http://www.economicnoise.com/2010/07/11/ratcheting-to-ruin/</link>
		<comments>http://www.economicnoise.com/2010/07/11/ratcheting-to-ruin/#comments</comments>
		<pubDate>Sun, 11 Jul 2010 15:07:14 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Favorites]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Keynesian]]></category>
		<category><![CDATA[Monetarist]]></category>
		<category><![CDATA[spending]]></category>
		<category><![CDATA[Austerity Measures]]></category>
		<category><![CDATA[Death Spiral]]></category>
		<category><![CDATA[Debt Spiral]]></category>
		<category><![CDATA[Economic Destiny]]></category>
		<category><![CDATA[Government Economists]]></category>
		<category><![CDATA[Observation Points]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=11749</guid>
		<description><![CDATA[The U.S. government moves closer to a debt death spiral. Arguably, we are already in the beginning phase of this spiral as this rather scary observation points out: The nation&#8217;s debt leapt $166 billion in a single day last week, the third-largest increase in U.S. history, and it comes at <a href='http://www.economicnoise.com/2010/07/11/ratcheting-to-ruin/'>[...]</a>]]></description>
		<wfw:commentRss>http://www.economicnoise.com/2010/07/11/ratcheting-to-ruin/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
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