Category Archive: 6b.) Mises.org

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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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The Bureaucrats Can’t Fix This

2020-04-05

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2020-04-05

In the midst of the emerging economic chaos triggered by the COVID-19 coronavirus, individuals are seeking answers from governments as to how to prevent the emerging economic disaster. Most economic experts are sympathetic to this and are urging the authorities to push massive injections of money. Thus in the US the central bank has embarked on a $2 trillion stimulus.

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Jeff Deist on Viral Economics – A Neighbor’s Choice LIVE with David Gornoski

2020-04-03

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Multistreaming with https://restream.io/?ref=rVrpk Jeff Deist, President of Mises Institute, joins us for his take on the unfolding coronavirus fallout. Then anthropologist Mark Sunwall joins us to discuss how politicians are driven by fear over faith. Science and U with Dr. Yu about new magnetic properties in the solar system observed. Call in at 407-916-5400. Email …

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The Crisis Has Exposed the Damage Done By Government Regulations

2020-04-03

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2020-04-03

As we watch in real-time how governments respond to the novel coronavirus pandemic, some of the most predictable forms of state overreach—from restrictions on the freedom of assembly to the suppression of regular commerce—have been rolled out. Thankfully, there is no unified world government, so there exist various examples of how certain countries are dealing with the crisis that we can closely examine and learn from.

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PRL Podcast Episode 265: Jeff Deist

2020-04-02

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Jeff Deist, president of the Mises Institute and former chief of staff to Ron Paul joins us to talk about his punk past, the future of political liberty, the left-right paradigm, and more! Help keep the lights on in Anarchy Basement by becoming a patron: https://www.patreon.com/punkrocklibertarians

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End the Shutdown

2020-04-01

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2020-04-01

The shutdown of the American economy by government decree should end. The lasting and far-reaching harms caused by this authoritarian precedent far outweigh those caused by the COVID-19 virus. The American people—individuals, families, businesses—must decide for themselves how and when to reopen society and return to their daily lives.

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Oren Cass and the Conservative Critique of Pure Laissez-Faire

2020-03-31

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2020-03-31

Oren Cass is the executive director of American Compass (AmericanCompass.org), a conservative think tank that stresses the importance of family and domestic industry, in opposition to a singleminded devotion to economic efficiency. Cass was previously a senior fellow at the Manhattan Institute for Policy Research, and was the domestic policy director for Mitt Romney’s 2012 presidential campaign.

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The Last Thing We Need Right Now Is Bernie’s Proposed Tax on Financial Transactions

2020-03-30

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2020-03-30

When one imagines working on Wall Street, he envisions stock traders scrambling to place buy or sell orders, perhaps even some puts or options. Today’s powerful artificial intelligence tools allow traders to game stock market trading. In some ways, this computer-driven high-frequency trading resembles actual gaming in that it may seem as if one is simulating various trading scenarios.

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More than Half of All US COVID-19 Deaths Occur in Only Four States

2020-03-29

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2020-03-29

Covid-19 Deaths as a % of All US Deaths
As of March 24, nearly 30 percent of all the COVID-19 deaths in the United States have occurred in New York state. Of the 910 deaths reported so far in the US, 271 happened in New York. Washington State was in second place, with 13 percent of the nation's COVID-19 deaths.

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