Category Archive: 6b.) Mises.org

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The EU’s Latest Screw-You to the UK Shows a Big Problem with Trade Agreements

2020-02-28

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2020-02-28

Global non-tariff barriers, 2009-2016:
All too often, discussion over trade deals focuses almost solely on tariffs. It's true that tariffs—i.e., taxes—are always a significant barrier to free exchange at all levels, but there are also plenty of ways to block or lessen trade that are not primarily tariff-based. Recent conflicts over the pending negotiations between the UK and the EU are a reminder of this.

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Central Banking since the 2008 Financial Crisis

2020-02-27

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2020-02-27

[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 chapter 5 we reviewed the textbook analysis of how a central bank buys government debt in “open market operations” to add reserves to the banking system, with which commercial banks can then advance loans to their own customers.

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Mises and the “New Economics”

2020-02-27

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2020-02-27

[This article is excerpted from a talk delivered on February 22, 2020 at the Austrian Student Scholars Conference, hosted by Grove City College in Pennsylvania.] I. Introduction What a wonderful gathering of students today, on this impressive and beautiful campus. We can see why Hans Sennholz loved this place, and why Drs. Herbener and Ritenour so enjoy living and teaching here.

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The WTO Is Both Irrelevant and Unnecessary

2020-02-26

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2020-02-26

Share of total tariff reduction, by type of liberalization1983–2003, by %:
The World Trade Organization (WTO) is in a state of crisis. When it comes to trade negotiations among large states like the US, India, and China, the WTO has been shown to be an organization that is largely irrelevant.

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Tax Burdens, Per Capita Income, and Simpson’s Paradox

2020-02-25

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2020-02-25

Home Price
How many times have you heard that higher taxes mean greater social welfare and economic development? The statement is backed up by a touch of popular wisdom: “More taxes, more public services.” Almost incontestable empirical evidence is also cited: with very few exceptions, the richest countries’ tax rates are very high, whereas taxes in poor countries are relatively low.

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Thorsten Polleit – Währungsgeschichte der Deutschen – Ein Trauerspiel (ef Konferenz 2020)

2020-02-23

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Thorsten Polleit über die Währungsgeschichte der Deutschen: Ein Trauerspiel in fünf Akten. ef-Deutschlandkonferenz 2020 auf Usedom

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Thorsten Polleit – Währungsgeschichte der Deutschen – Ein Trauerspiel (ef Konferenz 2020)

2020-02-23

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Thorsten Polleit über die Währungsgeschichte der Deutschen: Ein Trauerspiel in fünf Akten. ef-Deutschlandkonferenz 2020 auf Usedom

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Nationalism as National Liberation: Lessons from the End of the Cold War

2020-02-23

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2020-02-23

During the early 1990s, as the world of the old Soviet Bloc was rapidly falling apart, Murray Rothbard saw it all for what it was: a trend of mass decentralization and secession unfolding before the world's eyes. The old Warsaw Pact states of Poland, Hungary, and others won de facto independence for the first time in decades. Other groups began to demand full blown de jure secession as well.

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Judge Nap in 4 Ken N Dee panel Dave Smith kat tmpf. Jeff deist seg

2020-02-22

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Capitalism vs. Socialism | Jeff Deist

2020-02-21

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Is Bernie right to say America has become a socialist country? Mises Institute president Jeff Deist (Mises.org/Deist) joins Judge Andrew P. Napolitano on Fox Business (FoxBusiness.com) to discuss the “Capitalism vs. Socialism” debate within the Democrat Party. Original video © 2020 FOX News Network, LLC (https://video.foxbusiness.com/v/6134471482001). Republished here under “Fair Use” for scholarship and research …...

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Is Free Market Economics Too “Ideological”?

2020-02-21

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2020-02-21

Free market economics is often ignorantly dismissed for being "ideological" rather than scientific. It probably sounds smart to the economically illiterate, but it is decidedly not. It doesn't mean nearly what most people assume it does. The word "free" in free market economics is not used as a normative value judgment but indicates an economy that is unaffected by exogenous (from the outside) factors.

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Jeff Deist: Why the U.S. is Beyond the Point of No Return

2020-02-20

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Jeff Deist (Mises.org/Deist) is president of the Mises Institute. Recorded at Loyola University New Orleans on February 15, 2020. In this clip he argues that the U.S. is Beyond the point of no return. This is part of a two-part series. Check out the talk by Cliff Maloney who argues for the converse proposition: https://www.youtube.com/watch?v=i0vo3WOeOOQ …

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The Case Against Political Activism | Jeff Deist

2020-02-20

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American politics is in crisis. Is this because of the Constitution, or in spite of it? For many libertarians, the Constitution is a dead letter. Nobody alive today signed it or consented to it. And politicians ignored it almost from the beginning. But for many others, the allure of constitutionalism remains strong. Surely the Founders’ …

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Why It’s so Hard to Escape America’s “Anti-Poverty” Programs

2020-02-20

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2020-02-20

Sustaining Progress Against Poverty, 1960-2017
One of the most common debates that has occurred in the United States for the past six decades is the discussion of the poverty rate. As the narrative goes, the US has an unusually high poverty rate compared to equivalent nations in the OECD (Organisation for Economic Co-operation and Development).

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Thorsten Polleit: Mit Geld zur Weltherrschaft – Wohin der demokratische Sozialismus führt

2020-02-19

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Der Ökonom Thorsten Polleit stellte am 5. Februar 2020 sein neues Buch „Mit Geld zur Welt Herrschaft“ vor. Er sprach über die Ideen des demokratischen Sozialismus, der eine Weltwährung anstrebe, um global Einkommen und Vermögen umverteilen zu können. Dem stünden nur die Nationalstaaten entgegen, die alleine die Grundlage seien, um Freiheit, Eigentum und Demokratie zu …

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Some Problems with Worker Productivity Stats

2020-02-19

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2020-02-19

According to the US Labor Department, worker productivity in the non-farm sector increased at an annual rate of 1.4 percent in the fourth quarter of 2019 after declining by 0.2 percent in the previous quarter. For the year, productivity increased 1.7 percent, up from 1.3 percent in both 2017 and 2018. It was the best annual showing since the 3.4 percent increase in 2010.

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Andy Moran and Dr. Alvia Wardlaw: A Collector Talk.

2020-02-18

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Featured in the exhibition were original works by Dr. John Biggers, Kermit Oliver, Carroll Harris Simms, Edsel Cramer, Joe Moran, Jade Cooper, Julian Joseph Kyle, and Earlie Hudnall. Houston collector Andy Moran, a bohemian retired investment banker and real estate investor, has deep ties with Texas Southern University, and a history of befriending talented artists. Many of the works in his art collection were acquired directly from the artists and...

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Per Bylund: The Entrepreneurial Ethic

2020-02-18

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Entrepreneurs create the future and thereby change the world. Tomorrow will be different. Tomorrow is created by entrepreneurs. From the high street store owner introducing new inventory to the high tech founder introducing new features, entrepreneurs actively participate in changing the future to the way they want it to be. Real change happens through value …

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Interview: Unser Geld ist kaputt!

2020-02-18

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Unser Geld ist kaputt, sagt Thorsten Polleit, Chefvolkswirt beim Goldhändler Degussa: “Alle großen Währungen sind nach der gleichen Blaupause gebaut. Die Zentralbanken kontrollieren das Geld und schreiben es den Menschen als Monopolinstitution vor. Sie können es beliebig durch Kreditvergabe vermehren. Dieses System bringe viele Probleme mit sich, ökonomische wie ethische.” Probleme sieht Polleit viele: “Beginnen …

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Three Reasons Why Decentralization and Secession Lead to More Open Economies

2020-02-18

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2020-02-18

When we hear of political movements in favor of decentralization and secession, the word "nationalist" is often used to describe them. We have seen the word used in both Scottish and Catalonian secession movement, and in the case of Brexit. Sometimes the term is intended to be pejorative. But not always.

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