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Source link: http://archive.mises.org/18972/mises-daily-thursday-november-3-2011/

Mises Daily: Thursday, November 3, 2011

November 3, 2011 by

"Is Debt Necessary for Recovery?" by Robert P. Murphy

Contrary to the assertions of these pundits, an economy does not need mountains of debt — whether government or private — in order to grow. Corporations can still raise needed financing through issuing equity. There are pros and cons to debt financing, but it isn’t necessary for a strong economy.

"Two’s Company: The Basics of Property" by Daniel James Sanchez

A great deal of truth can be unveiled via "Crusoe economics" — the analysis of acting man in complete isolation.

"Rothbard against War" by David Gordon

Murray Rothbard modified the famous dictum of Marx: he wished both to understand and change the world.

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