Category Archive: 6b.) Mises.org

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Keynes Called Himself a Socialist. He Was Right.

2020-04-13

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2020-04-13

In 1997 Ralph Raico published an article titled “Keynes and the Reds.” Raico’s article highlighted John Maynard Keynes’s review of a 1936 book by the British socialists Sidney and Beatrice Webb called Soviet Communism. In his review, Keynes discusses Joseph Stalin’s USSR and concludes: “The result is impressive.”

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Government Overreach in the Age of COVID-19

2020-04-13

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2020-04-13

In times of crisis, governments have a tendency to overcompensate for risk. This tendency may be in the public’s best interest, but it could also serve broader governmental interests. The public and government’s interest are not always one and the same.

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Ep. 5231 – Jeff Deist on the Economic Consequences of the Coronavirus – 4/10/2020

2020-04-12

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Jeff Deist discusses the political responses to the coronavirus, varying on a state-by-state level from complete lockdown to nearly complete normalcy. Deist says this is an example of federalism actually working, since beyond issuing recommendations and printing money, there isn’t all that much the federal government can do to enforce policies across the entire country. …

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Por qué el socialismo persiste | Jeff Deist

2020-04-12

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(Programa Mises Weekends del 18 de Enero de 2019.) Jeff examina con detenimiento el socialismo actual y por qué parece obtener mayor apoyo en Estados Unidos y en todo Occidente. ¿Realmente la gente entiende el socialismo como lo hizo Mises, y realmente quieren la propiedad colectiva de la industria? ¿O sólo quieren lo que él …

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Why Mexico Is Reluctant to Shut Down Its Economy to Combat COVID-19

2020-04-12

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2020-04-12

Mexico's president Andrés Manuel López Obrador has been reluctant to impose mandatory "social distancing" orders on the Mexican population. According to USNews, López Obrador "has maintained a relaxed public attitude" toward COVID-19, and the Mexican government did not impose a ban on "non-essential" work until March 30, long after health officials in other countries insisted Mexico must do so.

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Ep. 115 Per Bylund on Regulations, COVID, and Sweden

2020-04-11

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Our guest is Per Bylund, Assistant Professor of Entrepeneurship at Oklahoma State University where he holds the Records-Johnston Professorship of Free Enterprise in the School of Entrepreneurship. We talk about regulations in the age of COVID, and he also shares his perspective on Sweden’s response to the pandemic. Show notes: https://accadandkoka.com/episode115/

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?Jeff Deist: Bitcoin for the Poor!

2020-04-11

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Vintage footage from March 2018 of Jeff Deist explaining how Bitcoin should help the poor. Full Interview: https://youtu.be/uxZlwiSPtpo ?PATREON: https://www.patreon.com/KennedyFinance ?KF STORE: https://teespring.com/stores/kennedy-financial AFFILIATE PROGRAMS: Bitcoin T-shirt: https://teespring.com/wear-zero-given#pid=2&cid=2397&sid=front Cash App: https://cash.me/app/GTGJTKF KeepKey:...

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How Risk-Based Healthcare Could Make Us Healthier

2020-04-11

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2020-04-11

It is generally the case that simple concepts in nature produce incredible complexity. This applies to the genome, where simple base pairs have evolved to express complex and multifunctional instructions that would take thousands of lines of code for any human to create. This applies to the economy, where simple ideas such as the price system become infinitely complex at scale.

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Jeff Deist, Tom Feeney, and Pastor Jim Fitzgerald – A Neighbor’s Choice w David Gornoski

2020-04-10

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Let’s get back to work… Tom Feeney joins us to talk Florida manufacturing needs, Jeff Deist of Mises Institute analyzes the big picture, and pastor Jim Fitzgerald reflects on the meaning of Good Friday in light of our current times. A Neighbor’s Choice airs weekdays live 4-6pm Eastern. Call in at 727 587 1040. Email …

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The Real Cost of Anti-Price-Gouging Laws

2020-04-10

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2020-04-10

Supply and demand diagram
As has happened before with many natural disasters, the COVID-19 panic is leading to complaints of shortages and “gouging,” which about two-thirds of US states have passed laws against (often in terms so vague that it makes any enforcement discretionary, and thus discriminatory). But rather than complaining of shortages and gouging, critics should realize that “gouging” is the solution to shortages, not a cost in addition to them.

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All Crises Are Local

2020-04-09

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2020-04-09

South Dakota is not New York City. A seemingly innocuous statement, made last Wednesday by Governor Kristi Noem in response to calls for her to issue a coronavirus shutdown across a state with the motto "Under God the People Rule." South Dakota, after all, is one of the least densely populated states in the vast American West.

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Rory Sutherland: How The Austrian Approach Helps Entrepreneurs Multiply Value

2020-04-09

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2020-04-09

Key Takeaways And Actionable Insights. In episode 60, we are joined by Rory Sutherland, Vice Chairman of Ogilvy, one of the world’s largest advertising and marketing agencies, one with a long tradition of customer insights. His latest book is titled Alchemy, which explores how a deep understanding of subjective value can lead to outstandingly effective creative marketing.

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Creating More Money Won’t Revive the Economy

2020-04-08

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2020-04-08

In response to the coronavirus, central banks worldwide are currently pumping massive amounts of money. This pumping, it is held, is going to arrest the negative economic side effects that the virus-related panic inflicts on economies. As appealing as it sounds we suggest that this view is erroneous.

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In March, US Deaths From COVID-19 Totaled Less Than 2 Percent of All Deaths

2020-04-08

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2020-04-08

All US Deaths vs. US Covid-19 Deaths, March
About 2.9 million people die in the United States each year from all causes. Monthly this total ranges from around 220,000 in the summertime to more than 280,000 in winter. In recent decades, flu season has often peaked sometime from January to March, and this is a major driver in total deaths. The average daily number of deaths from December through March is over eight thousand.

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Jeff Deist: The Abysmal Status of Economic Departments in Academia

2020-04-07

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Minimum wage increases, higher taxes on the rich, or new import tariffs won’t solve deep structural problems with the American economy: spending, debt, entitlements, and unchecked monetary expansion. Yet while the candidates posture, millions of Americans are now stuck in a new normal of decreasing wealth and decreasing opportunities. Jeff Deist, president of the Mises …

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What “Lender of Last Resort” Is Supposed to Mean

2020-04-07

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2020-04-07

Modern central banks have already moved far beyond what was once considered the proper role for a central bank as a "lender of last resort." Now Keynesians and MMTers (modern monetary theorists) want to take things even further.

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Most People don’t understand these 2 Important Economic Concepts | Dr. Joe Salerno, Jeff Deist

2020-04-06

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Dr. Joe Salerno joins Jeff Deist two explain two of the most fundamental economic concepts “consumer goods” and “capital good” and why it is so important to understand their function in an economy. These are based on Mises’ “Human Action” #mises #consumergoods #capitalgoods Full video, licenced under creative common: https://www.youtube.com/watch?v=aKuYqkQrsGI - If you like the content, subscribe!

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Most People don’t understand these 2 Important Economic Concepts | Dr. Joe Salerno, Jeff Deist

2020-04-06

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Dr. Joe Salerno joins Jeff Deist two explain two of the most fundamental economic concepts “consumer goods” and “capital good” and why it is so important to understand their function in an economy. These are based on Mises’ “Human Action” #mises #consumergoods #capitalgoods Full video, licenced under creative common: https://www.youtube.com/watch?v=aKuYqkQrsGI – If you like the …

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The Pandemic Exposed the Frailty of the Financial System

2020-04-06

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2020-04-06

TED Spread, 2007-2020
Despite the more optimistic claims of political pundits and Federal Reserve officials (Jerome Powell, specifically), things are far from being under control. Notwithstanding archetypal Austrian objections to “loose” monetary and fiscal policies on the grounds that they create production structures that ultimately deplete the pool of real savings, the operational failures of central banks cross-globally are largely nested in faulty axioms.

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What Is the Good Entrepreneur to Do?

2020-04-06

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2020-04-06

In a January 2020 Forbes Magazine article titled “Why Doing Good Is Good For Business” clearly left out critical information: who is the good or bad entrepreneur? According to the author, good entrepreneurs are doing good if their primary objective is not to make a profit. And bad entrepreneurs are doing bad if their primary objective is to make a profit.

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