Category Archive: 6b) Austrian Economics

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Bureaucracy: The Red Tape that Prevents Economic Growth

2024-06-10

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2024-06-10

Javier Milei’s chainsaw policy has been without a doubt one of the most interesting and important topics of discussion in world politics. Argentina has taken important measures since Milei assumed the presidency to revert the tragic economic situation that the country was facing. Perhaps one of the most important measures is the adjustments and cuts in the state, the colloquially called “chainsaw policy.”Two months after Milei assumed the...

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¡OTRO GRAN ENGAÑO! de Sánchez y Díaz con el PARO de Mayo

2024-06-08

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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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Socialism’s Very Quiet Revolution

2024-06-08

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2024-06-08

In his 1949 book The Road Ahead: America’s Creeping Revolution, John T. Flynn warns about the “great tides of thought and appetite that run unseen deeply below the surface of society.” These unseen tides are political waves that shape the law and institutional policy, but because they are unseen, there is no widespread awareness of the danger they pose.

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The Achilles Heel of the Fiat Money System

2024-06-08

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2024-06-08

The fiat money system will not disappear just like that. Any expectations or hopes to that end should be tempered. Yes, the fiat money system could collapse; yet there is a significant likelihood it will persist longer than most people might think.

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Robert Reich’s Second Myth

2024-06-07

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2024-06-07

Robert Reich’s second myth is “Government Obstructs the Free Market.” (See my response to his first myth here.) He says that what we call the “free market” can only exist with a government enforcing rules about property, monopoly, contracts, and bankruptcy.

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Oil Prices Show Weakening Demand, but Not Because of Electric Cars

2024-06-07

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2024-06-07

The latest OPEC meeting conclusions show that the global economy is not as strong as headlines suggest and that industries all over the world are struggling to recover. Indeed, many manufacturing PMIs (purchasing managers’ indexes) continue to signal contraction.Oil prices have weakened in recent weeks despite the war in Gaza and rising geopolitical risk.

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¡ESCÁNDALO TRAS ESCÁNDALO! Los trapos sucios del presidente Sánchez salen a la luz.

2024-06-07

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Los casos de corrupción rodean a Sánchez. Utiliza la "tinta de calamar" para ocultar los presuntos delitos de su esposa y hermano. 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 -...

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The Unsustainable AI-Driven Lending Boom

2024-06-07

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2024-06-07

For lending, as in all things, necessity is the mother of invention. No matter the rate, lenders want to lend and borrowers want to borrow, with both sides tending to overdo it. The Wall Street Journal reports that the newest collateral thing is the AI chip.

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Hunter Biden Would Not Be Prosecuted in a Free Society

2024-06-07

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2024-06-07

How ironic that the son of a Democrat president of the United States is having to pay the price for living in a paternalistic state that his own father ardently supports. Hunter Biden is currently on trial in a U.S. District Court for federal gun-control violations. Waiting in the wings is another federal prosecution for income-tax violations.

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Is the Dollar the Global Reserve Currency Because There Is No Better Alternative?

2024-06-07

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2024-06-07

What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. 

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We Can Praise Milei’s Policies without Praising the Man

2024-06-07

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2024-06-07

When it comes to political battles and controversies there is, unfortunately, a deeply-seated human tendency to emotionally attach one’s self to political leaders and candidates, rather than to principles or policies. This tendency is especially foundational to modern democratic politics in which voters are encouraged to embrace candidates on an emotional level.

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Mandate Without Majority: BJP’s Struggle for Policy Continuity in a Socialist-Leaning Coalition in India

2024-06-07

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2024-06-07

The BJP-led National Democratic Alliance (NDA) has finally secured an electoral mandate on June 4, 2024. However, the stock market has not reacted favorably to this mandate because the BJP was unable to surpass the magical number of 272 seats in the Lok Sabha. Both the SENSEX and NIFTY corrected themselves by approximately 6%.

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The Menace of Political Show Trials

2024-06-07

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2024-06-07

In recent days, we have had brought home to us what “show trials” are like. They are not confined to Soviet Russia and its satellite countries during the Cold War but are a very present reality to us in America today. Political opponents of Donald Trump charged him with felonies for acts that were entirely legal.

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Can the Fed Fund the CFPB?

2024-06-07

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2024-06-07

Originally published by Law&Liberty. The Consumer Financial Protection Bureau (CFPB) has been a source of controversy since its creation. Critics of the agency have long argued that its independent status is unconstitutional. In a recent decision, however, the Supreme Court affirmed the constitutionality of the CFPB’s funding scheme, even though it circumvents the normal Congressional appropriation process by “allowing the Bureau to draw money...

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Understanding Reason Is Paramount to Understanding Liberty

2024-06-07

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2024-06-07

What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...

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Why Politicians Cannot Be Trusted with Just War Theory

2024-06-07

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2024-06-07

What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...

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The Intellectual Poverty of Racial Polylogism

2024-06-07

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2024-06-07

What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...

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Homeschoolers Don’t Need Government Regulation

2024-06-07

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2024-06-07

What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...

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Creative Destruction in American Higher Education: Schumpeter in Action

2024-06-07

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2024-06-07

What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...

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The Consequences of California’s New Minimum Wage Law

2024-06-07

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2024-06-07

What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...

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