Category Archive: 6b.) Mises.org

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Why “Macro” Thinking in Economics Is Such a Problem

2021-12-22

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2021-12-22

As someone who teaches public finance (better termed the economics of government), I can’t count how many times I have heard politicians promise “comprehensive” reforms to some major problem. But what such efforts actually produce is always different from what is promised, because such achievements are beyond government’s competence.

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Can Dikes Be Private?: An Argument against Public Goods Theory

2021-12-21

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2021-12-21

According to many economists, we need the state to provide public goods.2 The assertion seems to be so crystal-clear that it is not even worth discussion in the mainstream. One typical and popular example of public goods in Germany is the case of dikes or levees.

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Who Will Inflate Faster? Europe or the Fed?

2021-12-20

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2021-12-20

The price of the euro in terms of the US dollar closed at 1.135 in November, against 1.156 in October and 1.193 in November last year. The yearly growth rate of the price of the euro in US dollar terms fell to –4.8 percent in November from –0.7 percent in October. Some commentators are of the view that the US dollar is likely to weaken against the euro (i.e., the price of the euro in US dollar terms is likely to increase).

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Fauci on Your Phone?

2021-12-18

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2021-12-18

If the Senate follows the House of Representatives's lead and passes the Immunization Infrastructure Modernization Act (HR 550), Americans who do not get the recommended number of covid vaccines can look forward to receiving a text like this: “This is Dr. Anthony Fauci. According to government records you have not yet received your monthly covid booster shot. Until you prove you are following vaccine protocols, your vaccine passport will be...

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Conservatives and the Free Trade Straw Man

2021-12-18

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2021-12-18

When Ronald Reagan officially announced his candidacy for president of the United States in November 1979, he called for the establishment of a large free trade zone encompassing the USA, Canada, and Mexico.

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Raiding the World Bank: Exposing a Fondness for Dictators

2021-12-17

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2021-12-17

I have always had a bad attitude toward official secrets regardless of who is keeping them. That prejudice and John Kenneth Galbraith are to blame for an unauthorized withdrawal I made from the World Bank. When I lived in Boston in the late 1970s, I paid $25 to attend a series of lectures by Galbraith on foreign aid and other topics.

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Walkthrough of New Music Hall

2021-12-15

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Walkthrough of the new Music Hall at St. Paul's School in Covington, Louisiana

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Using the Welfare State to Get Compliance on Vaccine Mandates

2021-12-15

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2021-12-15

A Democratic state lawmaker in Illinois has introduced legislation requiring unvaccinated residents to pay out-of-pocket for healthcare services. It's all part of an effort to come up with new and creative ways to punish people who refuse to get the covid jab.

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How Market Freedom Combats Economic Inequality

2021-12-12

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2021-12-12

For many, income inequality is a disease ravaging the fabric of capitalist societies. Therefore, curing this ailment, according to progressives, necessitates an injection of welfare benefits and higher taxes on the wealthy. Guided by a zero-sum outlook, critics believe that the success of the affluent is gained at the expense of the poor.

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Money Supply Growth Is Slowing—That Points to a Slowing Economy

2021-12-10

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2021-12-10

According to the popular narrative, the role of the central bank is to navigate the economy along the so-called path of economic stability. By this way of thinking if various shocks cause the economy to deviate from this path, then it is the role of central bank policy makers to offset these shocks.

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Natural and Neutral Rates of Interest in Theory and Policy Formulation

2021-12-09

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2021-12-09

Interest has a title role in many pre-Keynesian writings as it does in Keynes's own General Theory of Employment, Interest, and Money (1936). Eugen Böhm-Bawerk's Capital and Interest (1889), Knut Wicksell's Interest and Prices (1898), and Gustav Cassel's The Nature and Necessity of Interest (1903) readily come to mind.

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15s putting in work

2021-12-08

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Car audio

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December 7, 2021

2021-12-08

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Bitcoin Isn’t Any More Dangerous than the Euro

2021-12-07

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2021-12-07

Major representatives of the European Central Bank—including ECB president Christine Lagarde—continue to warn against bitcoin. In a recent article, addressed to the inflation-adverse German audience, the ECB representative Klaus Masuch together with the former ECB chief economist Otmar Issing has stressed five risks of bitcoin: a lack of intrinsic value, risks to financial market stability, the use in financing organized crime, high energy...

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more csr2

2021-12-06

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Racing crs2

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Planned Chaos

2021-12-06

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2021-12-06

The characteristic mark of this age of dictators, wars, and revolutions is its anti-capitalistic bias. Most governments and political parties are eager to restrict the sphere of private initiative and free enterprise. It is an almost unchallenged dogma that capitalism is done for and that the coming of all-around regimentation of economic activities is both inescapable and highly desirable.

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Africa’s Long History of Trade and Markets

2021-12-05

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2021-12-05

Market reforms in Africa can be thwarted because of propaganda asserting that markets are a Western import. Notwithstanding the currency of this belief, it is patently absurd.

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Markus Krall & Thorsten Polleit – Macht man Gesetze nur für die Reichen?

2021-12-05

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Dr. Markus Krall & Prof. Thorsten Polleit im Gespräch: Werden die Gesetze für das Volk oder nur für die Reichen gemacht? Und welche Einflüsse haben unsere Gesetze auf die wirtschaftliche Entwicklung unseres Landes?

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How Governments Seized Control of Money

2021-12-04

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2021-12-04

In discussions surrounding of the world’s monetary systems today there is usually one thing almost everyone can agree on: that money should be controlled by the organizations we call “states” or “sovereign states.” Nowadays when we say “the US dollar” we mean the currency issued by the US government. When we say “the British pound” we mean the money issued by the regime of the United Kingdom.

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Andy Moran Interview: Lessons learned and Leitrim journey begins

2021-12-03

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New Leitrim manager and Mayo legend Andy Moran chats to RTÉ Sports' Raf Diallo about his book 'Lessons Learned In The Pursuit Of Glory' and his preparations for his current role as the 2022 season looms with an FB League match in Connacht GAA's air dome against Sligo in January. Web http://www.rte.ie/sport Twitter: http://www.Twitter.com/rtesport Follow us on Facebook http://www.facebook.com/rtesport

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