Category Archive: 6b.) Mises.org

413: Inflation vs Deflation, Jeff Deist, Mises Institue, Enhanced Unemployment Benefits, PPP loans

Jason Hartman interviews Jeff Deist, President of the Mises Institute and former advisor and chief of staff to Congressman Ron Paul, for whom he wrote hundreds of articles and speeches.

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This Professor Hates the Austrian School. But He Clearly Doesn’t Know Much about It.

Rob Larson, who is a professor of economics at Tacoma Community College in Washington, does not agree with Mises, Hayek, Rothbard, and Friedman that the free market promotes freedom and prosperity and that socialism is the “road to serfdom.” That is an understatement, and you won’t find any understatements in this book. To the contrary, the book abounds in wild accusations.

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No, Inflation Is Not Good for You

According to the Marxists and their fellow travelers, inflation is good because it transfers wealth from creditors to debtors, and debtors are "the 99 percent." But inflation doesn't work that way.  

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Markieff Morris workouts with Mariano Sánchez and Andrew Moran in Las Vegas

Todo lo necesario para compensar el juego interior en @lakers complementando a figuras @keefmorris5.0 se ganó un espacio de respeto en equipos donde necesitan ser finos en oportunidades externas y en la zona ! Un jugador con excelente tiro ! Runners + floaters y entrando a jugar en la zona con personalidad en sus comportamientos tácticos ! Todo bajo timing y técnica . Días de progresión asistiendo a @miamihoopschool en Las Vegas ! Una continua...

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Housing Hubris: Can Home Prices Spiral upward Forever?

For the Wall Street sequel, the subtitle was Money Never Sleeps. But the Oliver Stone reprisal of Gordon Gecko was the stuff of 2010. In America, a decade plus ago, money slept. Now, it truly doesn’t, with cryptocurrency prices gyrating 24/7/365. This frantic activity has spread to other asset markets.

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Andrew Moran (20 November 2020)

Andrew Moran (Department of Chemistry, University of North Carolina, US) “Elucidation of Energy and Charge Transport Mechanisms in Layered Perovskites with Nonlinear Action Spectroscopies” This video is for educational purposes only. No part of this video may be copied, reproduced or broadcasted without expliciet permission from the author. Adding this video to public channels is forbidden. If you like the video, do not hesitate to add a like!

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Why Don’t Police Unions Protect Whistleblowers?

Sergeant Javier Esqueda of the Joliet Police Department in Illinois thought he was doing the right thing by leaking a video recorded from inside of a squad car that showed a black man, Eric Lurry, in medical distress from a drug overdose being slapped and having a police baton forced in his mouth. Lurry later died from the overdose.

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With Low Vaccination Rates, Africa’s Covid Deaths Remain Far below Europe and the US

Since the very beginning of the covid panic, the narrative has been this: implement severe lockdowns or your population will experience a bloodbath. Morgues will be overwhelmed, the death total toll will be astounding. On the other hand, we were assured those jurisdictions that do lock down would see only a fraction of the death toll. Then, once vaccines became available, the narrative was modified to "Get shots in arms and then covid will...

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Smallpox: The Historical Myths behind Mandatory Vaccines

Throughout the corona “pandemic” the Holy Grail of public health officials has been vaccination: only by vaccinating enough people—first the elderly and infirm, then all adults, and now even children—can the nefarious virus be beaten.

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The Inca Empire: An Indigenous Leviathan State

One of the realities that nullifies persistent interpretations of the European colonization of the Americas as a cataclysm of subjugation is the existence of state exploitation in the precontact New World.

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Is Price Stability Really a Good Thing?

Contrary to popular thinking, there is no such thing as a price level that should be stabilized by the central bank in order to promote economic prosperity.

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No, Inflation Is Not Good for You

With the recent rise in inflation—with subsequent increases in both consumer and producer price levels—one suspects that sooner or later people on the left either would downplay it or find a way to spin the bad news into something positive like an alchemist would want to spin straw into gold. Both accounts have arrived, thanks to the New York Times and the hard-left publication, The Intercept.

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The REAL ID Means a Real Leviathan

The annoyance of government edicts, no matter how petty, challenge my emotional equilibrium in a manner different from the various vagaries of life. Sure, I do not want to experience something such as a flat tire, but neither do I want to deal with pointless tasks required to satisfy a whim of the state, though, in the balance, the former I accept like a mosquito on a hot summer’s night, while the latter aches like a hammer to my thumb.

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“Going Cashless” Isn’t as Easy as It Seems

Many economic commentators are in favor of phasing out cash. They are of the view that cash provides support to the shadow economy and permits tax evasion. It is also held that in times of economic shocks that push the economy into a recession the rising demand for cash exacerbates the downturn—it becomes a factor of instability.

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The Long Rehabilitation of Frank Fetter

Abstract:  Economics has long history of “rehabilitations,” including W.H. Hutt’s rehabilitation of Say’s law, and Alfred Marshall’s attempt to rehabilitate David Ricardo. The rehabilitation of Frank A. Fetter should be as important as either of these, especially for economists working in the contemporary Austrian tradition.

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Is Price Stability Really a Good Thing?

One of the mandates of the Federal Reserve System is to attain price stability. It is held that price stability is the key as far as economic stability is concerned. What is it all about?

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Leaving behind the Labor Theory of Value

The labor theory of value has long undermined people’s understanding of the miracles created by markets and rationalized various incarnations of socialism which mangle those miracles. Leonard Read understood why undoing that misunderstanding by all who hold to it, as well as those who just use it as an excuse for what they want government to impose on unwilling citizens, is of immense value to each of us.

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Why It’s Important to Prepare Students for “Trick Questions”

I have taught economics long enough that I have made use of a variety of “trick” questions in introductory courses. I have found them, used well, to be pedagogically helpful. But not everyone agrees.

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Since 2008, Monetary Policy Has Cost American Savers about $4 Trillion

With inflation running at over 6 percent and interest rates on savings near zero, the Federal Reserve is delivering a negative 6 percent real (inflation-adjusted) return on trillions of dollars in savings. This is effectively expropriating American savers’ nest eggs at the rate of 6 percent a year. It is not only a problem in 2021, however, but an ongoing monetary policy problem of long standing.

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Homicide Rates in 2020 Rose to a 24-Year High. Is This a Crisis of State Legitimacy?

By mid 2020, it was already becoming clear that the United States was experiencing a spike in crime. Indeed, by midyear, numerous media outlets were already reporting remarkably large increases in homicide in a number of cities. It was clear that if then-current trends continued, homicide rates in the United States would reach levels not seen in over a decade.

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