Category Archive: 6b) Austrian Economics

What Exactly Is Neoliberalism, and Is It a Bad Thing?

There are few things nowadays that ignite more hatred, especially within university campuses, than declaring oneself to be a neoliberal (if the reader is not convinced, he is invited to try it himself and see what happens).

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Weltweite Mindeststeuern: Eine brandgefährliche Idee

Grundsätzlich herrscht, abseits von Kreisen eingefleischter Marxisten, weitgehend Einigkeit darüber, dass der Wettbewerb zwischen den Anbietern von Waren und Dienstleistungen Kreativität freisetzt, Innovationen fördert, die Produktivität steigert und die Preise für die Konsumenten senkt. Ohne Wettbewerb bedeutet der Trabant den Gipfel der Automobilentwicklung; unter Wettbewerbsbedingungen entsteht der S-Klasse-Mercedes. Beides probiert – kein...

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Biden’s New Budget Plan Means Trump-Era Mega Spending Will Continue

The reality of federal spending under Donald Trump did much to put to rest the obviously wrong and long-disproved notion that Republicans are the political party of “fiscal responsibility.” With George W. Bush and Ronald Reagan, it was pretty much “full speed ahead” as far as federal spending was concerned. Under George W. Bush, some of the biggest budget-busting years were those during which the Republicans also controlled Congress.

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How Federal Funding Is Used to Control Colleges and Universities

The Washington Post reports that a group of thirty-three current and former students at Christian colleges are suing the Department of Education in a class action lawsuit in an attempt to abolish any religious exemptions for schools that do not abide by the current sexual and gender zeitgeist sweeping the land.

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The Property-Based Social Order Is Being Destroyed by Central Banks

Private property is an institution central to civilization and beneficial human interaction. When central banks distort this institution with easy money, the social effects can be disastrous. 

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Progressivism’s Failures: From Minimum Wages to the Welfare State

The empirical evidence shows that neither minimum wages or welfare reduce poverty. In fact, minimum wages tend to increase the cost of living while poverty rates have gone nowhere since the Great Society was introduced.

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Anti-Vaccine and Anti-Vaping: Against Science and Innovation

Among the many problems originated by the Covid 19 pandemic, one of the most important is the resurgence of the anti-vaccine movement. Conspiracy theories, ridiculous arguments and unfounded accusations have given renewed fuel to one of the most anti-scientific and destructive trends we have ever seen.

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Precious metals are and always have been the ultimate insurance

As we enter the second quarter of 2021, the year during which so many mainstream analysts and politicians have predicted we’ll see a miraculous recovery from the covid crisis, it is becoming increasingly clear that the damage inflicted by the lockdowns and the shutdowns is really very extensive an persistent. Of course, I’m referring to the damage to the real economy, that is, to actual businesses, households and the countless citizens that were...

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The Annapolis Convention: The Beginning of the Counterrevolution

By 1787, the nationalist forces were in a far stronger position than during the Revolutionary War to make their dreams of central power come true. Now, in addition to the reactionary ideologues and financial oligarchs, public creditors, and disgruntled ex-army officers, other groups, some recruited by the depression of the mid-1780s, were ready to be mobilized into an ultra-conservative constituency.

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The Tyranny of the “Enlightened” Experts

If you were to stroll through any typical upper-middle-income American neighborhood in 2021, the odds are very high that you’d observe at least one yard sign exuberantly proclaiming something like this: “In this house, we believe that science is real, love is love, no human is illegal … ” and other banal tautologies.

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Planned Chaos in Immigration

REMINDER: Our zoom conference “The National Security State and the JFK Assassination” continues this Wednesday at 7 pm Eastern. To attend the conference, just register at our conference page. A zoom link will be sent to you. We are now moving into the medical-evidence portion of the conference.

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Progressivism’s Failures: From Minimum Wages to the Welfare State

As I write, the Democratic Congress is contemplating various measures designed to alleviate poverty levels in the United States. They include: the doubling of the minimum wage; the expansion of child credits. Let’s review both.

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Pandemic diplomacy in the Western Balkans

The business of fighting Covid-19 is now estimated at around $150 billion. As of March 2021, 354 million vaccine doses have been delivered – 90 percent of them to countries that are home to only 10 percent of the world’s population. If 65 to 85 percent of people have to be vaccinated to reach global immunity, then it is unlikely to happen this year.

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The Economic Effects of Pandemics: An Austrian Analysis

Traditionally, Austrian theorists have focused with particular interest on the recurrent cycles of boom and recession that affect our economies and on studying the relationship between these cycles and certain characteristic modifications to the structure of capital-goods stages.

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Allen Mendenhall—Is Intellectualism Dead?

Allen Mendenhall joins the show to expand last week's discussion on the intellectual state of America. Are we living in a decidedly anti-intellectual age, or has America always been predisposed toward doers over thinkers? Have Americans simply stopped reading books? Have we lost our ability to think deeply, due to the constant distractions of the digital age? And what does the shift away from any shared baseline cultural knowledge mean for our...

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Gun Laws and Decentralization: Lessons from “Constitutional Carry”

Few political movements can boast of success like the firearms movement in the United States. Often overlooked is how before the 1980s there was no concept of licensed, let alone unlicensed, concealed carry in the overwhelming majority of the country. The sole exception was Vermont, which through an idiosyncratic state supreme court decision in 1903 has had unlicensed carry for over a century.

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Colonies Compared: Why British Colonies Were More Economically Successful

Last month, British black studies professor Kehinde Andrews argued that the British Empire was “far worse than the Nazis.” It was a controversial comparison to be sure, but it raises the question: Compared to other expansionist regimes, how bad was the British Empire?

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Community and Civil Society over State

Raghuram Rajan has written a surprising book. Now teaching finance at the University of Chicago, he is an international bureaucrat in good standing, and not a minor one at that; he was chief economist of the International Monetary Fund. Yet far from calling for an increase in “global governance,” as one might expect from someone with his background, he wants to strengthen the local, “proximate,” community.

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The Loneliness Epidemic intensifies Thanks to Lockdowns

The coronavirus has dominated all of our lives in recent months. Radical paths were taken by politicians in the form of lockdowns to contain the pandemic. But we should recognize that even if the coronavirus is a (major) challenge for us, we always have to keep a holistic view of world events.

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They Said Things Would Be Much Worse in States without Lockdowns. They Were Wrong.

Like nearly all US states, Georgia imposed a stay-at-home order in March 2020 in response to demands from public health officials claiming a stay-at-home order would lessen total deaths from covid-19. But unlike most states, Georgia ended its stay-at-home order after only five weeks, and proceeded to lower other restrictions quickly.

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