Category Archive: 6b.) Mises.org

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The European Central Bank Is Being Stretched to Its Breaking Point in Italy

2020-03-26

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2020-03-26

Investment/GDP in Italy, 2000-2019
When Mario Draghi’s tenure was approaching its end, I argued for a sterner governor for the European Central Bank (ECB); hence, I was not even slightly enthusiastic when Draghi’s successor turned out to be Christine Lagarde—a patent dove, as can be inferred from her ideological proximity to a famous Keynesian like Olivier Blanchard.

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Diseases Are Bad. Government-Forced Shutdowns Are Often Worse.

2020-03-26

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2020-03-26

However high the death rate of the COVID-19 coronavirus becomes, the governmental response to the threat will be even more dangerous. If the current blockade of economic life continues, more people will die from the countermeasures than from the virus itself. In a short time, the basic supply of everyday goods will be at risk. By interrupting the global transport and supply chains, important medicines will be missing and food supplies will be...

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Ep. 5208 – Ryan McMaken on the Coronavirus and our Fragile Economy – 3/13/2020

2020-03-25

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Scott interviews Ryan McMaken about the current coronavirus-induced financial slowdown and what it might mean in terms of the next big crash. McMaken explains that with America’s incredibly over-financialized economy, practically the only tool that the government knows how to use is huge injections of liquidity directly into the financial sector. This of course only …

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In Spain You Can’t Use Your Own Back Yard. Police Make Sure of It.

2020-03-25

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2020-03-25

The last days and weeks of the coronavirus epidemic give an interesting insight into the human psyche. Elementary liberties are restricted all over the world, such as the freedom of movement or private property. Yet most people accept these restrictions without blinking, as the state declares their indispensability.

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No, Technology Shocks Aren’t Behind Recurring Business Cycles

2020-03-22

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2020-03-22

Economic fluctuations, also known as business cycles, are seen as being driven by mysterious forces that are difficult to identify. Finn Kydland and Edward C. Prescott (KP), the 2004 Nobel laureates in economics, decided to attempt to find out what these forces were.1 They hypothesized that technology shocks are a major factor behind economic fluctuations and demonstrated that a technology-induced shock can explain 70 percent of the fluctuations in...

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A crisis tailor made for increased government power with Jeff Deist

2020-03-21

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The current outbreak has consumed everything lately–from media to government. My guest today says crises of all kinds, whether economic, political, military, or health, send ideologues scrambling to explain how such events fit neatly into their worldview. In fact, political partisans often attempt to paint any crisis as having occurred in the first place precisely …

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Truths About Money – Past, Present, and Future | Prof. Dr. Thorsten Polleit

2020-03-21

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Thorsten Polleit is Chief Economist of Degussa, Europe’s largest precious metal trading firm, since April 2012. From 1998 to 2012, he worked as an economist in the international investment banking business. In 2012, he co-founded an Alternative Investment Fund. In September 2014 he was appointed Honorary Professor for economics at the University of Bayreuth. Thorsten …

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Capitalismo vs. Socialismo | Jeff Deist

2020-03-21

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¿Tiene razón Bernie al decir que Estados Unidos se ha convertido en un país socialista? El presidente del Instituto Mises, Jeff Deist (Mises.org/Deist) se une al juez Andrew P. Napolitano en Fox Business (FoxBusiness.com) para discutir el debate “Capitalismo vs. Socialismo” dentro del Partido Demócrata. Vídeo original emitido el 20 de Febrero de 2020. © …

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Private Law & Defense by Robert P. Murphy – Essay Summary

2020-03-21

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Find Robert P. Murphy’s podcast here: https://www.bobmurphyshow.com/episodes/ Robert P. Murphy’s website: https://consultingbyrpm.com/blog Follow me on BitChute: KeithKnightDontTreadOnAnyone https://www.bitchute.com/channel/keithknightdonttreadonanyone/ The Best of Keith Knight – Don’t Tread on Anyone: https://www.youtube.com/playlist?list=PLLnZMpC0fqV4X_P84oRafiGARXyIJBPnR Book Summary Collection:...

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Human Action Part Three with Dr. Per Bylund

2020-03-20

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We continue our series on Human Action with Professor Per Bylund of Oklahoma State University. Dr. Bylund and Jeff Deist consider Part Three of the book, “Economic Calculation,” considering Mises’s conception of value and the folly of attempting to define a “unit of value” in a highly subjective world. They discuss socialism and the elementary …

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Government Is No Match for the Coronavirus

2020-03-20

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2020-03-20

The coronavirus is reminding everyone that you cannot rely on government and that ultimately it is the private sector that will provide the solutions. Many nonmedical government officials and members of the media are predicting massive cases of COVID-19 and death, when in fact no one can predict the outcome.

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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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