Category Archive: 6b.) Mises.org

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Thanks to Bailouts, Wall Street Banks Are More Fragile than Ever

2021-11-13

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2021-11-13

The financial covid crash of 2020 came and went in a month as the US government threw every monetary and fiscal trick it had at the government-imposed flash panic. We’ll never know which malivestments would have been cleansed. We live on with goods and labor shortages and with higher prices we’re assured by experts are transient.

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Why There Is No Free Lunch

2021-11-12

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2021-11-12

Caleb Fuller, an economist who teaches at Grove City College, thinks that many people have a mistaken conception of economics. It is, they think, a dull and dry subject, the “dismal science,” of primary interest to specialists. Fuller disagrees. He says that “economics changed my life” (p. 11; all page references are to the Amazon Kindle edition), and in this wonderful short book, which can be read in an hour or so, he conveys his infectious...

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Price Inflation Hits a 31-Year High as Janet Yellen Insists It’s No Big Deal

2021-11-11

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2021-11-11

The Bureau of Labor Statistics reported Wednesday morning that prices rose 6.2% on a year-over-year basis in October. That’s the highest YOY rate since December 1990 when the CPI was also up 6.2 percent. October’s rate was up from 5.3 percent in September, and remains part of a surge in the index since February 2021 when year-over-year growth was still muted at 1.6 percent.

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The Problem with “Stakeholder Capitalism”

2021-11-11

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2021-11-11

Writing in the Investment Monitor on March 18, 2021, Klaus Schwab, the founder of the World Economic Forum, was urging the replacement of the present economic system. According to Schwab, the present system is deficient, since it only benefits a small minority of the population while leaving all the others at a visible disadvantage.

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Cronyism, Not Welfare, Is China’s Big Problem

2021-11-10

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2021-11-10

After three decades of promarket reforms, extreme poverty in China has been virtually eradicated. So President Xi Jinping now has the leverage to shift his attention to reducing the wealth gap in Chinese society. In a speech to the Chinese Communist Party in August, Xi touted "common prosperity" for all Chinese as an essential requirement of socialism and modernization.

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Amazing Street Singer | Street Song From Young Boy (Andrew Moran) | Genius Singer Performing #Shorts

2021-11-09

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#Shorts #street_performer #street_song #Genius_Singer Please Subscribe The Singers Channel if you love his song and vocal https://www.youtube.com/channel/UCHGKX4lBXMbAKm2KziLJvNQ

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In a Free Economy, Prices Would be Going down, Not Up

2021-11-09

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2021-11-09

Whenever politicians and media outlets discuss inflation, they invariably use the Consumer Price Index (CPI) as their measure. The CPI is only one of several price indices on top of the various measures of the money supply that underlie aggregate price changes. Strictly speaking, the CPI does not measure inflation per se, but rather the consequences of monetary expansion on consumer products. In macroeconomics, the CPI is one of the key indicators...

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Thorsten Polleit: Der Ausweg aus der Fiat-Geld-Tyrannei – ein freier Markt für Geld

2021-11-08

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Hören und sehen Sie heute den Vortrag von Prof. Dr. Polleit den er bei der Geldkonferenz der Atlas Initiative gehalten hat. Herzlichen Dank für den lösungsorientierten Beitrag!

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Why Bureaucrats Aren’t Like Private Sector Workers

2021-11-08

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2021-11-08

Bureaucratic management means, under democracy, management in strict accordance with the law and the budget. It is not for the personnel of the administration and for the judges to inquire what should be done for the public welfare and how the public funds should be spent. This is the task of the sovereign, the people, and their representatives.

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There’s Nothing Hawkish About the Fed’s New Tapering Plan

2021-11-07

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2021-11-07

The Federal Reserve concluded its November Meeting of the Federal Open Market Committee on Wednesday. According to the FOMC’s statement, the Fed now plans to taper beginning in mid-November by cutting back its asset purchases by 10 billion in Treasury securities and 5 billion in mortgage-backed securities.

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Employer Vaccine Mandates: When the Feds Pay the Piper, they Call the Tune

2021-11-06

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2021-11-06

Advocates for vaccine mandates—led by the Biden Administration—are apparently unconcerned that the mandates are likely to drive down total employment and reduce access to government services.

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Thanks to Central Banks, the Old Investment Rules Don’t Apply Anymore

2021-11-05

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2021-11-05

Audio Mises Wire
Thanks to central banks' easy money policies, historically low interest rates and a desperate search for yield have created new danger zones for investors trying to stay out of trouble.

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What “Inflation” Really Means

2021-11-04

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2021-11-04

Most commentators label increases in the prices of goods and services over a period of time as inflation. Ludwig von Mises however, held that the popular definition of inflation is erroneous.

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The Great Reset, Part VI: Plans of a Technocratic Elite

2021-11-03

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2021-11-03

In previous installments, I introduced the Great Reset idea1 and treated it in terms of its economic2 and ideological3 components. In this, the sixth installment, I will discuss what the Great Reset entails in terms of governance and the Fourth Industrial Revolution (4-IR), closing with remarks about the overall Great Reset project and its implications.

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Marxism versus Libertarianism: Two Types of Internationalism

2021-11-02

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2021-11-02

There are two main philosophical and ideological schools of thought that include the problem of internationalism in their principles. The first is liberal internationalism, which developed within the framework of classical liberalism. The second is orthodox Marxism and its various derivatives that entertain the idea of proletarian internationalism.

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The Federal Reserve’s Assault on Savers Continues

2021-11-02

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2021-11-02

The front-page headline in the Wall Street Journal on October 14 says it all, “Inflation Is Back at Highest in over a Decade.” The Labor Department reported that the Consumer Price Index (CPI) increased 5.4 percent from a year ago.

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“Idle Resources” Are Problems Caused by the Central Bank

2021-11-01

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2021-11-01

Audio Mises Wire
It is not possible to replace productive credit by means of the easy monetary policies of the central bank. If this could have been done, then the world would have already ended poverty. Original Article: "'Idle Resources' Are Problems Caused by the Central Bank" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

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Bharat Kanodia: How Subjective Value Generates Valuation In Business

2021-10-31

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2021-10-31

All value is subjective. But often, when an exchange is to be made, a numerical value is required. It’s a special kind of economic calculation, what Bharat Kanodia terms “a subjective opinion based on objective facts”. Bharat has built a career on valuations, from 2-founder garage start-ups to the Eiffel Tower. He shares his knowledge, experience, and insights with the Economics For Business podcast.

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The Battle over the Free Market

2021-10-30

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2021-10-30

Nicholas Wapshott is a British journalist and biographer with a strong interest in economic theory. He says that the Nobel laureate Edmund Phelps is his mentor. One theme in twentieth-century economics dominates his work: the clash between economists who favor the free market and those who support a “mixed economy,” in which the government plays a large role.

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Thanks to Central Banks, the Old Investment Rules Don’t Apply Anymore

2021-10-29

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2021-10-29

Sixty percent equities, 40 percent bonds. What has been considered the golden rule of portfolio theory for decades is of less and less value to investors today. Because central banks have backstopped almost every market, essentially mimicking the market maker of last and first resort, returns have been low, correlations have increased, and valuations are deprived of their meaning.

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