Category Archive: 6b.) Mises.org

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Brexit: Predictions of Economic Doom Show Why People Ignore “Experts”

2020-02-04

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2020-02-04

The headline was unambiguous: " Brexit Is Done: The U.K. Has Left the European Union ." As of January 31, The European Union (Withdrawal) Act of 2018 has become law and the United Kingdom has begun the withdrawal process from the European Union. The transition process will continue throughout 2020 as the UK and EU governments negotiate the nature of the future relationship between the UK and the EU.

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How Keynesian Ideas Weaken Economic Fundamentals

2020-02-03

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2020-02-03

Whenever there are signs that the economy is likely to fall into an economic slump most experts advise that the central bank and the government should embark on loose monetary and fiscal policies to counter the possible economic recession. In this sense, most experts are following the ideas of the English economist John Maynard Keynes.

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Doug French – Today’s Dad Definition – Wake. Dad. Drink. Repeat.

2020-02-03

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EP # 27 Doug French – Wake. Dad. Drink. Repeat. podcast Doug French gives his definition of a Today’s Dad on the Wake. Dad. Drink. Repeat. podcast Check us out at: www.WakeDadDrinkRepeat.com Check out Doug’s Podcast Episode at: www.WakeDadDrinkRepeat.com/podcast/doug-french

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Why Democracy Doesn’t Give Us What We Want

2020-02-02

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2020-02-02

That Americans are in the throes of a crisis in democracy has become a commonplace refrain of late. I have noticed that almost all such commentary treats political democracy, implicitly or explicitly, as the ideal. Yet in truth it is a seriously flawed ideal. In fact, as F. A. Hayek noted years ago.

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The Era of Boom and Bust Isn’t Over

2020-02-02

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2020-02-02

At the 2020 World Economic Forum in Davos, Bob Prince, co-chief investment officer at Bridgewater Associates, attracted attention when he suggested in a news interview that the boom and bust cycle as we have come to know it in the last decades may have ended. This viewpoint may well have been encouraged by the fact that the latest economic upswing ("boom") has been going for around a decade and that an end is not in sight as suggested by incoming...

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After November Surge, Money Supply Growth Slows in December

2020-01-28

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2020-01-28

YoY Change in money supply, 1998-2019
The money supply growth rate rose in December slowed after a November surge of nearly six percent. During December 2019, year-over-year growth in the money supply was at 5.53 percent. That's down from November's rate of 5.9 percent, but was up from December 2018's rate of 3.90 percent. The increase in money-supply growth in December continues a sizable reversal of the trend we saw for most of 2019.

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Peaceful Market Exchange—Not Politics—Harnesses the Value of Diversity

2020-01-26

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2020-01-26

That there are inherent benefits in diversity is a common article of faith in our democratic/populist times. We hear it in and about universities, businesses, politics, entertainment, etc. Typically, though, we hear about it in terms of forcing more diversity on those whose diversity in a particular dimension doesn’t measure up to someone else’s arbitrary standard.

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Jeff Deist: The Tom Woods Interview

2020-01-25

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2020-01-25

TOM WOODS: This is the Tom Woods Show, and today I welcome Jeff Deist. Everybody wants to know the sheer nuts and bolts of how somebody becomes Ron Paul’s chief of staff. I’ll tell a little story most people don’t know. About ten years ago, Dr. Paul was approached about doing an autobiography; he would have gotten a huge advance. There was big demand for it!

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Why “One Man, One Vote” Doesn’t Work

2020-01-25

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2020-01-25

The US Senate is increasingly targeted by left-wing think tanks and legislators for the fact it is based on "voter inequality." According to critics, the Senate ensures small states are "overrepresented,"and the body favors voters in smaller and more sparsely populated states. In contrast,  reformers  hold up the concept of "one man, one vote" as an ideal and a solution.

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The Majority of Virginia Homicides Come from only Two Metro Areas

2020-01-24

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2020-01-24

Virginia Homicides by City
In most times and places, crime tends to be a highly localized phenomenon. I have covered this for Mises.org at the national level, pointing out that homicide rates in, say, the Mountain West and New England are far lower than homicide rates in the Great Lakes region or the South. Gun-control laws clearly don't explain these differences, since many places with rock-bottom homicide rates such as Idaho and Maine also have few controls on private gun...

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Money, Inflation, and Business Cycles: The Cantillon Effect and the Economy

2020-01-22

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2020-01-22

Abstract: Austrian economists hold that money matters a great deal in concrete terms in the immediate short run and has permanent long-run effects. Sierońs book investigates the Cantillon effect, which indicates that money is not neutral because inevitabily it is injected unevenly, creating economic distortions. These distortions are important to the long run and the Austrian theory of the business cycle.

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Die Währungsgeschichte der Deutschen. Ein Trauerspiel in fünf Akten

2020-01-21

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Vortrag von Thorsten Polleit auf der ef-Jahreskonferenz, Usedom, 18. Januar 2020.

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Ep. 5164 – Ryan McMaken on America’s Petrodollar Addiction – 1/17/2020

2020-01-21

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Ryan McMaken discusses his recent articles for the Mises Institute about the future of U.S. dollar hegemony. He walks us through the dollar’s history as global reserve currency, which began in the mid 20th century as an alternative to a direct gold standard. Still, the dollar was redeemable for gold in theory, until Nixon suspended …

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Chapter 11. Shays’ Rebellion | Murray N. Rothbard

2020-01-20

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Excerpted from the audiobook version of Murray Rothbard’s ‘Conceived in Liberty, Volume 5: The New Republic: 1784–1791’. Edited by Patrick Newman (Mises.org/PNewman) and narrated by Millian Quinteros (Millian.com). Thanks to generous Mises Institute donors, this audiobook is available for FREE download: Apple Podcasts: https://podcasts.apple.com/us/podcast/conceived-in-liberty-volume-v/id1495688124 Googe Play:...

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California’s Anti-Self-Employment Law Is Already Crushing Freelancers

2020-01-20

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2020-01-20

In 1971, Isaac Asimov wrote an extraordinary novel, The Gods Themselves, about a machine that generates unlimited energy for free, defying the fundamental economic principle known as scarcity. It is later learned that the Electron Pump is originating from a hole in space that connects parallel universes. Doomsday is nigh as it is discovered that galaxies will soon be destroyed and that the sun will metastasize into a supernova. The crux of the...

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Luck and Taxes

2020-01-20

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2020-01-20

“Luck egalitarianism” is a philosophical fad, and in the past I have had some characteristically unkind things to say about it. I’d like today to discuss a new argument that concerns luck and government. The economist Robert H. Frank says in Under the Influence, Because successful people often fail to appreciate the importance of seemingly minor random events in life, they tend to develop an exaggerated sense of entitlement to the enormous material...

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The Prospects for a Sound-Money Revolt against the Dollar and Euro

2020-01-19

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2020-01-19

In the last decade, the combination of virulent asset price inflation and low reported consumer price inflation crippled sound money as a political force in the US and globally. In the new decade, a different balance between monetary inflation’s “terrible twins” — asset inflation and goods inflation — will create an opportunity for that force to regain strength.

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How Do We Calculate Value?

2020-01-18

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2020-01-18

[From Socialism: An Economic and Sociological Analysis, by Ludwig von Mises, pp. 113–22.] All human action, so far as it is rational, appears as the exchange of one condition for another. Men apply economic goods and personal time and labour in the direction which, under the given circumstances, promises the highest degree of satisfaction, and they forego the satisfaction of lesser needs so as to satisfy the more urgent needs. This is the essence...

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How I Bamboozled Thousands of Conservatives into Thinking Like Anarchists | Robert P. Murphy

2020-01-17

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Presented at Mises University 2007 at the Mises Institute in Auburn, Alabama. Robert P. Murphy (Mises.org/Murphy) is a Senior Fellow with the Mises Institute. He is the author of many books. His latest is ‘Contra Krugman: Smashing the Errors of America’s Most Famous Keynesian’. His other works include ‘Chaos Theory’ (Mises.org/ChaosTheory), ‘Lessons for the Young …

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Egalitarianism as a Revolt Against Nature | Murray N. Rothbard

2020-01-17

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Includes an introduction by Lew Rockwell. Recorded on April 12, 1991, at the Mises Institute’s “Egalitarianism and the Free Society” conference in Princeton, New Jersey.

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