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	<title>Monty Pelerin&#039;s World &#187; knowledge</title>
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	<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>Econophiles from the Austrian Tribe</title>
		<link>http://www.economicnoise.com/2010/09/07/econophiles-from-the-austrian-tribe/</link>
		<comments>http://www.economicnoise.com/2010/09/07/econophiles-from-the-austrian-tribe/#comments</comments>
		<pubDate>Tue, 07 Sep 2010 10:41:35 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Econ 201]]></category>
		<category><![CDATA[ethics]]></category>
		<category><![CDATA[knowledge]]></category>
		<category><![CDATA[markets]]></category>
		<category><![CDATA[Austrian Economics]]></category>
		<category><![CDATA[Economics Education]]></category>
		<category><![CDATA[Hayek]]></category>
		<category><![CDATA[History Of Economic Thought]]></category>
		<category><![CDATA[Mario Rizzo]]></category>
		<category><![CDATA[mises]]></category>
		<category><![CDATA[Philosophical Aspects]]></category>
		<category><![CDATA[Undergraduate Economics Students]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=13618</guid>
		<description><![CDATA[For econophiles, you might be interested in Thinkmarkets. They specialize in Austrian Economics. I receive regular emails from them with their latest updates. I thought the following would be of interest to those interested in exploring Austrian economics in more depth. Especially useful is the reading list included in the <a href='http://www.economicnoise.com/2010/09/07/econophiles-from-the-austrian-tribe/'>[...]</a>]]></description>
		<wfw:commentRss>http://www.economicnoise.com/2010/09/07/econophiles-from-the-austrian-tribe/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Soon to Burst Education Bubble</title>
		<link>http://www.economicnoise.com/2010/09/06/the-soon-to-burst-education-bubble/</link>
		<comments>http://www.economicnoise.com/2010/09/06/the-soon-to-burst-education-bubble/#comments</comments>
		<pubDate>Mon, 06 Sep 2010 14:41:28 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[all other]]></category>
		<category><![CDATA[knowledge]]></category>
		<category><![CDATA[Charles R Anderson]]></category>
		<category><![CDATA[College Education]]></category>
		<category><![CDATA[Colleges and Universities]]></category>
		<category><![CDATA[Education]]></category>
		<category><![CDATA[Student Loans]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=13650</guid>
		<description><![CDATA[Just like the housing market, the price of higher education is a bubble. Prices are well-beyond any reasonable, free-market level based on private income. As in housing, government created the bubble. Student loans, grants and other subsidies enabled prices to be higher than could be supported in a market context. <a href='http://www.economicnoise.com/2010/09/06/the-soon-to-burst-education-bubble/'>[...]</a>]]></description>
		<wfw:commentRss>http://www.economicnoise.com/2010/09/06/the-soon-to-burst-education-bubble/feed/</wfw:commentRss>
		<slash:comments>6</slash:comments>
		</item>
		<item>
		<title>Expatriation</title>
		<link>http://www.economicnoise.com/2010/09/06/expatriation/</link>
		<comments>http://www.economicnoise.com/2010/09/06/expatriation/#comments</comments>
		<pubDate>Mon, 06 Sep 2010 11:45:00 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Regulation]]></category>
		<category><![CDATA[knowledge]]></category>
		<category><![CDATA[expatriation]]></category>
		<category><![CDATA[Grandchildren]]></category>
		<category><![CDATA[Inquiries]]></category>
		<category><![CDATA[Risk Perspective]]></category>
		<category><![CDATA[Source Of Information]]></category>
		<category><![CDATA[Uncertainties]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=13625</guid>
		<description><![CDATA[At least twice a week I am asked about either expatriating money or oneself from this country. These inquiries are natural, given what people perceive is happening in the US. From a risk perspective, investigating both make sense given the enormous uncertainties regarding the future. Unfortunately, I am not knowledgeable <a href='http://www.economicnoise.com/2010/09/06/expatriation/'>[...]</a>]]></description>
		<wfw:commentRss>http://www.economicnoise.com/2010/09/06/expatriation/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Tough to Charge for a Product when a Superior One is Free</title>
		<link>http://www.economicnoise.com/2010/09/05/tough-to-charge-for-a-product-when-a-superior-one-is-free/</link>
		<comments>http://www.economicnoise.com/2010/09/05/tough-to-charge-for-a-product-when-a-superior-one-is-free/#comments</comments>
		<pubDate>Sun, 05 Sep 2010 11:25:37 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Government]]></category>
		<category><![CDATA[knowledge]]></category>
		<category><![CDATA[Competitive Marketplace]]></category>
		<category><![CDATA[Content Networking]]></category>
		<category><![CDATA[Education Establishment]]></category>
		<category><![CDATA[Outdated Model]]></category>
		<category><![CDATA[Salman Khan]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=13565</guid>
		<description><![CDATA[Not too long ago, I posted The Prostitute We Know as Education. In that post I was critical of the educational establishment because, despite thousands of years of technological innovation, teaching is little different from the methods used by Socrates. (Actually it has deteriorated!) The reason this occurred I stated <a href='http://www.economicnoise.com/2010/09/05/tough-to-charge-for-a-product-when-a-superior-one-is-free/'>[...]</a>]]></description>
		<wfw:commentRss>http://www.economicnoise.com/2010/09/05/tough-to-charge-for-a-product-when-a-superior-one-is-free/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>What are Your Thoughts?</title>
		<link>http://www.economicnoise.com/2010/09/01/what-are-your-thoughts/</link>
		<comments>http://www.economicnoise.com/2010/09/01/what-are-your-thoughts/#comments</comments>
		<pubDate>Wed, 01 Sep 2010 11:48:36 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[economics]]></category>
		<category><![CDATA[knowledge]]></category>
		<category><![CDATA[Commentary]]></category>
		<category><![CDATA[Economic Savvy]]></category>
		<category><![CDATA[Forum]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=13443</guid>
		<description><![CDATA[Below is a response I received to my article on American Thinker:  http://www.americanthinker.com/2010/08/keynes_as_useful_idiot.html (also posted on this site on August 31. The commentator sent the remarks directly, so I assume he desires anonymity. He is sincere, but has some erroneous economic thinking included in his commentary. I post his comments <a href='http://www.economicnoise.com/2010/09/01/what-are-your-thoughts/'>[...]</a>]]></description>
		<wfw:commentRss>http://www.economicnoise.com/2010/09/01/what-are-your-thoughts/feed/</wfw:commentRss>
		<slash:comments>20</slash:comments>
		</item>
		<item>
		<title>Failed Economics</title>
		<link>http://www.economicnoise.com/2010/08/30/failed-economics/</link>
		<comments>http://www.economicnoise.com/2010/08/30/failed-economics/#comments</comments>
		<pubDate>Mon, 30 Aug 2010 10:31:09 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Government]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[knowledge]]></category>
		<category><![CDATA[Economic Data]]></category>
		<category><![CDATA[Human Behavior]]></category>
		<category><![CDATA[Importance Of Microeconomics]]></category>
		<category><![CDATA[Macroeconomics]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=13407</guid>
		<description><![CDATA[This blog consistently emphasizes the importance of microeconomics over macroeconomics. Indeed, I argue that macroeconomics is not economics but rather a part of either history or statistics or some other field. It is merely the summary of past aggregates. In that sense it is both history and statistics. It summarizes <a href='http://www.economicnoise.com/2010/08/30/failed-economics/'>[...]</a>]]></description>
		<wfw:commentRss>http://www.economicnoise.com/2010/08/30/failed-economics/feed/</wfw:commentRss>
		<slash:comments>0</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>Investing in a World Where the Impossible is Possible</title>
		<link>http://www.economicnoise.com/2010/08/14/investing-in-a-world-where-the-impossible-is-possible/</link>
		<comments>http://www.economicnoise.com/2010/08/14/investing-in-a-world-where-the-impossible-is-possible/#comments</comments>
		<pubDate>Sat, 14 Aug 2010 11:22:16 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[all other]]></category>
		<category><![CDATA[knowledge]]></category>
		<category><![CDATA[Economic Collapse]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Retirement Age]]></category>
		<category><![CDATA[Stock Market Bubble]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=12896</guid>
		<description><![CDATA[Investing is never easy, although sometimes it seems that way. During a bull market, most everyone is successful and believes he has superior abilities. Many investors were geniuses, at least in their own minds, during the decades of the 1980s and 90s. In the 21st Century, markets and the economy <a href='http://www.economicnoise.com/2010/08/14/investing-in-a-world-where-the-impossible-is-possible/'>[...]</a>]]></description>
		<wfw:commentRss>http://www.economicnoise.com/2010/08/14/investing-in-a-world-where-the-impossible-is-possible/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Prostitute We Know as Education</title>
		<link>http://www.economicnoise.com/2010/08/09/the-prostitute-we-know-as-education/</link>
		<comments>http://www.economicnoise.com/2010/08/09/the-prostitute-we-know-as-education/#comments</comments>
		<pubDate>Mon, 09 Aug 2010 11:01:45 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Regulation]]></category>
		<category><![CDATA[knowledge]]></category>
		<category><![CDATA[bubble]]></category>
		<category><![CDATA[Education]]></category>
		<category><![CDATA[Prostitution]]></category>
		<category><![CDATA[tuition]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=12061</guid>
		<description><![CDATA[What do education and prostitution have in common? Probably several things, but the important one is that the delivery of both services is virtually unchanged since the time of Socrates. I know of no other industries that can fit that characterization. Given the nature of the product, it is not <a href='http://www.economicnoise.com/2010/08/09/the-prostitute-we-know-as-education/'>[...]</a>]]></description>
		<wfw:commentRss>http://www.economicnoise.com/2010/08/09/the-prostitute-we-know-as-education/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Alan Greenspan &#8211; Hypocrite</title>
		<link>http://www.economicnoise.com/2010/08/07/alan-greenspan-hypocrite/</link>
		<comments>http://www.economicnoise.com/2010/08/07/alan-greenspan-hypocrite/#comments</comments>
		<pubDate>Sat, 07 Aug 2010 16:54:48 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Government]]></category>
		<category><![CDATA[Greenspan]]></category>
		<category><![CDATA[Quiz]]></category>
		<category><![CDATA[ethics]]></category>
		<category><![CDATA[knowledge]]></category>
		<category><![CDATA[morality]]></category>
		<category><![CDATA[Alan Greenspan]]></category>
		<category><![CDATA[Ayn Rand]]></category>
		<category><![CDATA[Government Bonds]]></category>
		<category><![CDATA[hypocrite]]></category>
		<category><![CDATA[Milton Friedman]]></category>
		<category><![CDATA[Welfare Schemes]]></category>
		<category><![CDATA[Welfare State]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=12660</guid>
		<description><![CDATA[There was good response to yesterday&#8217;s quiz, both on-line and off-line. The following quotes were presented: The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves. Deficit spending is simply a scheme for the confiscation of wealth. … the <a href='http://www.economicnoise.com/2010/08/07/alan-greenspan-hypocrite/'>[...]</a>]]></description>
		<wfw:commentRss>http://www.economicnoise.com/2010/08/07/alan-greenspan-hypocrite/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
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