Category Archive: 6b) Austrian Economics

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The Most Exciting Moments from Monday of Mises U

2023-07-25

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2023-07-25

This year during Mises University, we want to share the perspective of students in the program. The following are YouTube shorts from some of this year's Mises Apprentices asking fellow students about the highlights from the first full day of Mises U. [embedded content] [embedded content] [embedded content] [embedded content] In this short, one of our Mises U students talks to Dr. Patrick Newman, a member of the faculty and a Mises U...

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The American Revolutionaries Didn’t Need a Central Government. Neither Do We.

2023-07-25

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2023-07-25

You’re driving on a two-lane road and see cars headed your way. Do you drive off the road to protect yourself or your family? Probably not. You stay on your side, while they stay on theirs. In most cases you’re in a situation of mutually assured destruction if either one crosses the center line. It is not from the benevolence of the other drivers that we expect them to stay in their lane but from their regard to their own self-interest. It’s...

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Austrian Capital Theory

2023-07-25

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2023-07-25

Capital is the starting point of economic calculation. Download lecture slides at Mises.org/MU23_PPT_13. Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2023. Austrian Capital Theory | Shawn Ritenour Video of Austrian Capital Theory | Shawn Ritenour

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Calculation and Socialism

2023-07-25

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2023-07-25

In 1920, Ludwig von Mises destroyed the intellectual foundations of the case for socialist central planning. Download lecture slides at Mises.org/MU23_PPT_12. Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2023. [embedded content]

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The Theory of Interest

2023-07-25

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2023-07-25

Time is an irreversible flux. Each moment has a unique place in the sequence of moments of time with respect to action. Download lecture slides at Mises.org/MU23_PPT_11. Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2023. The Theory of Interest | Jeffrey M. Herbener Video of The Theory of Interest | Jeffrey M. Herbener

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To Smoke or Not to Smoke: The Cigarette Economy in Postwar Germany, 1945–48

2023-07-25

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2023-07-25

Postwar Germany was occupied, in ruins, with an economy in chaos. Germans were reduced to using cigarettes supplied by American GIs as money. Original Article: "To Smoke or Not to Smoke: The Cigarette Economy in Postwar Germany, 1945–48"

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A Higher Minimum Wage Won’t Improve Life in Pennsylvania

2023-07-25

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2023-07-25

Pennsylvania has no state minimum wage. Currently, the law of the land is the federal minimum wage that sits at $7.25 per hour. Not having a state minimum wage can be immensely beneficial assuming that the general business climate is amenable to growth. Pennsylvania definitely can’t boast of that yet, but they have taken steps to get there. However, recent actions by the Democrat-controlled State House of Representatives threatens this potential...

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SÁNCHEZ EN MANOS DE PUIGDEMONT @DanielLacalleOfficial

2023-07-25

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The Pentagon and Me: Curiosity vs. the State

2023-07-25

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2023-07-25

Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023. The Pentagon and Me: Curiosity vs. the State | Karen Kwiatkowski Video of The Pentagon and Me: Curiosity vs. the State | Karen Kwiatkowski

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Entrepreneurship

2023-07-24

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2023-07-24

Entrepreneurship is a general feature of the market economy. Download lectures slides at Mises.org/MU23_PPT_09. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023. Entrepreneurship | Peter G. Klein Video of Entrepreneurship | Peter G. Klein

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Money

2023-07-24

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2023-07-24

"We would not expect money to be paper, national, or under the control of any entity." Download the slides from this lecture at Mises.org/MU22_PPT_07. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023. Money | Sandra Klein Video of Money | Sandra Klein

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Banking

2023-07-24

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2023-07-24

Loan banking versus deposit banking, how deposit banking affects the money supply, how free banking limits credit expansion, the money multiplier process, and more. Download the slides from this lecture at Mises.org/MU23_PPT_08. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023. Banking | Patrick Newman Video of Banking | Patrick Newman

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Price Inflation Slowed to 3 Percent. That’s Still Far Too High.

2023-07-24

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2023-07-24

The recent University of Michigan survey’s reading of one-year price inflation expectations rose to 3.4 percent in July from 3.3 percent in June. The five-year outlook also increased to 3.1 percent from 3.0 percent in the previous month. There is a mainstream narrative that is growing all over the financial media: We must accept three percent annual price inflation as a success at combating rising prices. This is enough to pivot and return to...

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The Division of Labor and Social Order

2023-07-24

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2023-07-24

"The free market and the division of labor does not promote hyper-atomized individuals. It creates social harmony and community." Download the slides from this lecture at Mises.org/MU23_PPT_06. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023. The Division of Labor and Social Order | Shawn Ritenour Video of The Division of Labor and Social Order | Shawn Ritenour

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BLOQUEO O GOBIERNO. LAS MEDIDAS URGENTES QUE SE OLVIDAN EN ESTE CAOS

2023-07-24

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#elecciones2023 #23julio #economia #macroeconomía #crisis Te animo a suscribirte a mi canal y te invito a seguirme en mis redes sociales: ☑ Twitter - https://twitter.com/dlacalle ☑ Instagram - https://www.instagram.com/lacalledanie ☑ Facebook - https://www.facebook.com/dlacalle ☑ Página web - https://www.dlacalle.com ☑ Mis libros en Amazon - https://www.amazon.es/Daniel-Lacalle/e/B00P2I78OG ¡Un saludo!

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“Die Leute an der Macht sind meine Angestellten” – Henryk M. Broder

2023-07-24

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► Mein bald erscheinendes Buch jetzt vorbestellen: https://amzn.to/3K5EOW2 ► Mein Merch: https://shop.marc-friedrich.de/ ► Mein letztes Buch Du möchtest das erfolgreichste Wirtschaftsbuch 2021 "Die größte Chance aller Zeiten" bestellen? Auf Amazon: https://www.amazon.de/shop/marcfriedrich oder mit Signatur: https://www.marc-friedrich.de/ ► Friedrich & Partner Vermögenssicherung https://www.friedrich-partner.de/ ► Social Media...

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What Has Mises U Students Most Excited About the Week?

2023-07-24

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2023-07-24

This year during Mises University, we want to share the perspective of students in the program. The following are YouTube shorts from some of this year's Mises Apprentices, explaining what excites them most about "the best week of the year." A common theme is the power of the ideas that have attracted students from around the world to Auburn this summer and the unique opportunity to learn from, discuss, and debate them with their...

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Praxeology

2023-07-24

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2023-07-24

Praxeology is the method of economics. Download the slides from this lecture at Mises.org/MU23_PPT_05. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023. Praxeology | David Gordon Video of Praxeology | David Gordon

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FedNow Isn’t a CBDC, but It Is Dangerous

2023-07-24

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2023-07-24

Starting in July, the Federal Reserve will be rolling out a new payment service dubbed “FedNow.” Among many on the dissident side of politics, there is a growing worry that this new service may be a trojan horse for a central bank digital currency (CBDC). The concern is a valid one. A CBDC, depending on how it is implemented, could eliminate the privacy allowed by a cash system, allow the freezing of accounts with greater ease, and open the door to...

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Subjective Value and Market Prices

2023-07-24

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2023-07-24

This concept of economic calculation is really the foundation of all economic theory, and price theory is the cornerstone of economic calculation. Download lectures slides at Mises.org/MU23_PPT_04. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2022.

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