Category Archive: 6b.) Mises.org

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Financialization: Why the Financial Sector Now Rules the Global Economy

2020-03-19

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2020-03-19

To read or watch the news in today's world is to be confronted with a wide array of stories about financial organization and financial institutions. News about central banks, interest rates, and debt appear to be everywhere.

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*Bonus* A Discussion about the State of the Economy w/ Per Bylund

2020-03-18

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62 Minutes Suitable for All Ages Pete wanted to do an episode about the economy so he invited Associate Professor at Oklahoma State University and Mises Fellow, Per Bylund, to return to the show. Show notes and links – http://freemanbeyondthewall.libsyn.com/bonus-a-discussion-about-the-state-of-the-economy-w-per-bylund

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Jeff Deist Discusses Trump’s Stimulus Package

2020-03-18

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Jeff Deist (Mises.org/Deist) joins Rick Sanchez on RT America to discuss the immense stimulus package proposed by the Trump administration to help the failing economy. Republished here under “Fair Use” for scholarship and research purposes by a nonprofit educational institution.

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Money Supply Growth Climbs to 37-Month High

2020-03-18

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2020-03-18

M2 and TMS/Rothbard-solerno Measure, 1998-2019
The money supply growth rate rose again in February, climbing to a 37-month high. The last time the growth rate was higher was during February of 2017, when the growth rate was 7.9 percent. During February 2020, year-over-year (YOY) growth in the money supply was at 7.49 percent. That's up from January's rate of 6.32 percent, and up from February 2019's rate of 3.20 percent.

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Volkswirt Thorsten Polleit: „Unsere Wirtschaft befindet sich im Blindflug“

2020-03-17

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Die faktische Abschaffung des Zinses hat gravierende Folgen für die Stabilität des Finanzsystems, warnt der Volkswirt Thorsten Polleit bei FINANCE-TV: „Die Marktwirtschaft kann ohne den Zins nicht leben. Die Volkswirtschaft befindet sich derzeit in einem Blindflug“, glaubt der Chefvolkswirt des Goldhändlers Degussa. Warum die Banken kaum mehr Kredite vergeben können, wann die Inflation zurückkommt und …

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The Fed’s Massive Injection of “Liquidity” Also Benefits Uncle Sam

2020-03-17

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2020-03-17

There’s a lot to be said regarding the Fed’s surprise announcements—including its Sunday surprise of $700 billion in renewed QE and the complete elimination of all reserve requirements for banks—but here let me just focus on one element: the tendency for Fed officials and all the pundits to treat injections of “liquidity” as if they don’t count as much when distorting the economy.

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Modern Monetary Theory Is an Old Marxist Idea

2020-03-15

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2020-03-15

Modern monetary theory, or MMT, has been getting a lot of attention lately, often celebrated as a revolutionary breakthrough. However, there is absolutely nothing new about it. The very basis of the theory, the idea that governments can finance their expenditures themselves and that therefore deficits don’t matter, actually goes back to the Polish Marxist economist Michael Kalecki (1899–1970).

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Jeff Deist President Mises Institute -The “Small Revolution”

2020-03-14

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From his years running Dr. Ron Paul’s congressional office to the last half dozen as president of the Mises Institute, Jeff Deist has had to apply the classic lessons of free-market politics to the temporary crises powerful interests exploit to grow government power. He calls it the “Small Revolution”. Mr. Deist will examine the quiet …

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The CDC’s Budget Is Larger Now Than Under Obama

2020-03-14

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2020-03-14

Centers for Disease Control and Prevention Operating Budget, 2016-2020
This is how the budget process in Washington begins. Step one: the president submits his budget to Congress. Step two: Congress puts the president's budget in a drawer somewhere and forgets about it. Step three: Congress passes a budget it likes instead.

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Die traurige Währungsgeschichte der Deutschen – Thorsten Polleit im Interview

2020-03-13

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Thorsten Polleit ist Chefökonom der Degussa Goldhandel, Präsident der Ludwig von Mises Insitut Deutschland, Honorarprofessor für Volkswirtschaftslehre an die Universität Bayreuth sowie Autor von zahlreichen Büchern. Das Interview fand im Rahmen der eigentümlich frei Konferenz 2020 auf der Insel Usedom statt. ? Der Zensur entgehen und auf dem Laufenden bleiben, komm zu Telegram: http://t.me/gftv_hh ? …

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Der neue Stil der EZB unter Christine Lagarde (Die Heftperle 4 aus ef 201)

2020-03-13

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Grundlage der vierten Heftperle ist ein Artikel von Thorsten Polleit aus ef 201. Die Video-Illustratoren der Liberty Academy visualisieren einmal im Monat einen Artikel der aktuellen Ausgabe exklusiv für eigentümlich frei. Liberty Academy auf Youtube: https://www.youtube.com/channel/UCLHOy7iz2N5Cftg-BXoR4vg Bitte unterstützen Sie unsere alternative Medienarbeit durch ein Abonnement von eigentümlich frei über ef-magazin.de und/oder über eine...

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Why Medicare for All Would Require Huge Tax Increases

2020-03-13

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2020-03-13

Medicare for All is listed as the top priority of Democratic presidential candidate Bernie Sanders. He describes it as a single-payer system that is “free at the point of service” as there will be no premiums, deductibles, copays, or surprise bills. It will cover more services (dental, hearing, vision, long-term care, substance abuse treatment, etc.) than what the present Medicare system covers. It will also stop the “pharmaceutical industry from...

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The “Market Monetarists” and NGDP Targeting

2020-03-12

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2020-03-12

[This article is part of the Understanding Money Mechanics series, by Robert P. Murphy. The series will be published as a book in late 2020.] In addition to the Keynesian perspective (covered in chapter 14), a relatively new challenge to the Austrian framework comes from the “market monetarists” and their endorsement of a central bank policy of “level targeting” of nominal gross domestic product (sometimes abbreviated as NGDPLT1).

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If China Is the Problem, Can’t We At Least Have Free Trade with Everyone Else?

2020-03-11

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2020-03-11

It remains unclear how much the stock market implosion of recent days will affect the larger economy. As David Stockman has noted often, the Wall Street economy is not synonymous with the Main Street economy, contrary to what the advocates of rampant bank bailouts and financialization would have us believe.

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Why Sweden’s Negative Interest Rate Experiment Is a Failure

2020-03-10

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2020-03-10

According to the Financial Times's February 20 article “Why Sweden Ditched Its Negative Rate Experiment,” economists are pondering whether Sweden’s central bank experiment with negative interest rate was a success. Sweden’s Riksbank, the world’s oldest central bank, introduced negative interest rates in early 2015.

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What Comes After Quantitative Easing?

2020-03-09

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2020-03-09

André de Godoy: Ludwig von Mises mentions in his books that credit expansion is one of the causes of the inflation beyond the monetary expansion. What are the similarities and differences between those two phenomena?

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Episode 387: Ryan McMaken and Donnie Gebert Talk Radical Decentralization and Secession

2020-03-09

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62 Minutes Some Strong Language Pete invited Mises.org editor Ryan McMaken and author Donnie Gebert to come on the show and compare notes on the subject of decentralization and secession. Donnie wrote the book “A Direct Republic – The Null Hypothesis of Politics,” and Ryan has written many articles lately on getting States smaller. Ryan …

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What Would Murray Say About the Coronavirus?

2020-03-08

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2020-03-08

Murray Rothbard died in January 1995, long before this year’s coronavirus scare. But the principles this great thinker taught us can help us answer questions about the coronavirus outbreak which trouble many of us. Would the US government be justified in imposing massive involuntary quarantines in order to slow down the spread of disease? What about vaccines?

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Per Bylund on How Regulations Affect Our Everyday Lives (The Seen, the Unseen, and the Unrealized)

2020-03-07

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The Nassau Institute & Templeton Religion Trust In Collaboration with the Banking Economics & Finance Department & The Economics Society of The University of The Bahamas presents: Professor Per Bylund on The Seen, the Unseen, and the Unrealized: How Regulations Affect Our Everyday Lives On February 6, 2020 at 6:30pm at Choices Restaurant, University of …

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The US Constitution Needs an Expiration Date

2020-03-07

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2020-03-07

A unique feature of the Swiss Federal Constitution is the fact that the central government's power to impose direct taxes on citizens expires every decade or so. In fact, the current taxing authority expires at the end of 2020. Fortunately for the Swiss republic's central government, voters approved an extension (the "New Financial Regime 2021") for another fifteen years in a March 2018 election.

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