Category Archive: 6b.) Mises.org

Are There Constants in Economics?

One of the Austrian arguments against using mathematics to model economic phenomena is that there are no constants in economics, as things always are changing.

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The True Dollar Price to Redeem an Ounce of Gold

It is clear that the government has lost all spending discipline and it would be foolish to believe that it will suddenly regain that discipline absent an external control, namely, gold.

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Have Fiat Money, Will Tyrannize

Thanks to the Federal Reserve, the US government will always have enough printed money to fund its tyrannical schemes.

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The Division of Labor

Entrepreneurs, prices, and profit-and-loss coordinate the division of labor that makes prosperity possible.

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The Political Economy of Pesticides: How to Subsidize a Poison

Will the Make America Healthy Again (MAHA) succeed? If the regulatory story of DDT is a prime example of government regulation in action, then the answer is a resounding no.

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The Panic of 1857: An Austrian View

Economic historians usually are mistaken when looking at the causes of the Panic of 1857. Douglas E. French sets the record straight.

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Kevin Warsh’s Successful Political Campaign

Leading up to his selection, Warsh had expertly crafted a message for his chosen audience of one—Donald Trump.

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Trump wants markets up and more easy money. Warsh will deliver.

Warsh's hawkish credentials are real. His hawkish future is not. Trump didn't pick him to raise rates and crash markets before the midterms.

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Unger The Weather

In this week’s Friday Philosophy, Dr. David Gordon examines the demands of philosopher Peter Unger, namely, that we be forced to give up our wealth to fund a world welfare state. Suffice it to say that Dr. Gordon is not impressed with Unger’s arguments.

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Trump picks Kevin Warsh as new Federal Reserve chair.

If confirmed by the Senate, Warsh would succeed current Fed Chair Jerome Powell, whose term ends in May.

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Fraud as Policy: The Incentives of the Modern Welfare State

Politicians and the media always express shock when they hear about the latest fraudulent schemes involving the welfare system. They shouldn't be surprised, as nothing incentivizes fraud like the welfare state.

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Mises, Money, and Catallactics: The State “Theory” of Money Abandons Economics

Ironically, an acatallactic pseudo-theory of money that emerged from a school of thought that rejected theory in favor of an empirico-realistic, historical theory of money now finds it intellectually acceptable, not only to reject catallactic economic theory, but also empirical history.

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Why the Federalists Hated the Bill of Rights

The Bill of Rights transformed the Constitution from one of supreme and total national power to a partially mixed polity where the liberal anti-nationalists at least had a fighting chance.

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The Fed Does Nothing

Dr. Jonathan Newman joins Tho and Connor to discuss Jerome Powell's favorite type of FOMC meeting: a boring one. No cuts, no concerns, no drama in the eyes of the soon-to-be-former Fed Chair. On this episode, we try to bust his bubble on this episode of Power and Market.

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Quantitative Finance Has a Rotten Foundation

Austrian economists have long criticized using mathematics to undergird economic analysis. It is time to apply that same criticism to using math to undergird analysis of financial markets.

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Surprise! Mamdani Is Governing Like a Socialist

By hiring a communist as his main housing adviser, New York Mayor Zohram Mamdani is fully committed to driving out private ownership of rental properties and handing over apartments to the city and politically-connected organizations. It will only make housing problems worse.

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Applause for the Exception: How Legal Education Is Learning to Stop Limiting Power

Liberty often dies to thunderous applause. At a recent graduation ceremony at one of Latin America’s oldest and most prestigious law schools, young lawyers applauded a vision of authority in which law no longer operates as a limit on power, but as its instrument.

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We Can Have Unity or We Can Have Freedom. We Can’t Have Both.

While unity sounds like a nice thing to have, when it comes to politics and nation-states, experience repeatedly shows that unity is the tool of those who build state power at the expense of freedom.

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Surprise! Mamdani Is Governing Like a Socialist

By hiring a communist as his main housing adviser, New York Mayor Zohram Mamdani is fully committed to driving out private ownership of rental properties and handing over apartments to the city and politically-connected organizations. It will only make housing problems worse.

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The Ruthlessness and Brutality of the US Government

From time to time, the American people need to be reminded who is the boss. The boss is the US government. The citizenry are the serfs, the servants, the subordinates.

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