Category Archive: 6b) Austrian Economics

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Paying the Piper: Time to Clean Up the Latest Malinvestments

2023-05-02

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2023-05-02

The Austrian business cycle theory teaches us that low interest rates manipulated by the central bank lead to malinvestments, which are cleared when the central bank lets rates rise, reflecting a truer cost of capital. A real-time example is happening in the United States commercial office real estate market. Combine that with the government’s covid lockdowns, which forced employees to work from home. Now, employees never want to change out of...

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France on strike

2023-05-02

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2023-05-02

The roots of the injustice that brought over a million to the streets  It is the core of a long running joke that the French love to strike more than they like to work – and for good reason. Demonstrations, strikes and even riots, have been a common occurrence for decades. However, this latest round seems to be interestingly persistent, despite the fact that it’s receiving increasingly sparse media coverage.   The last time that the French...

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How the Woke Left Is Destroying Education

2023-05-01

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2023-05-01

Adherents of leftist dogma increasingly push the notion that teachers should be permitted to distract, confuse, or influence their students by discussing their personal beliefs, ideas, and private activities and choices in the classroom. Original Article: "How the Woke Left Is Destroying Education" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Historical Effects of the Transatlantic Slave Trade

2023-05-01

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2023-05-01

Economists are becoming more appreciative of how historical episodes shape future events. The resurgence of history as an explanatory tool has led economists to publish a series of papers collectively known as the “Deep Roots” literature. These papers cover a wide range of topics, but Africa has been a strong focus due to its unique history of underdevelopment. Some trace Africa’s fortunes and misfortunes to the character of precolonial...

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Presidents Are Legally Immune for Their Most Dangerous Crimes

2023-05-01

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2023-05-01

Donald Trump legally pays hush money and prosecutors try to fashion a crime from it. However, if a president lies and thousands of people die, it is called foreign policy. Original Article: "Presidents Are Legally Immune for Their Most Dangerous Crimes" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Charles Schwab and Other Big Banks May Be Secretly Insolvent

2023-05-01

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2023-05-01

The taming of monetary policy necessary to slow price inflation has triggered a corrective trend in the valuation of financial instruments. Many big banks in the United States have substantially increased their use of an accounting technique that allows them to avoid marking certain assets at their current market value, instead using the face value in their balance sheet calculations. This accounting technique consists of announcing that they...

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Property, Civilization, and Culture: Mises in Reno

2023-05-01

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2023-05-01

"The foundation of any and every civilization, including our own, is private ownership of the means of production. Whoever wishes to criticize modern civilization, therefore, begins with private property." — Ludwig von Mises Every day, more and more Americans are awakening to the reality that the institutions in control of this nation are failing them. From violence in the streets, inflation in our stores, increasing tyranny and...

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It Hurts to Pay for Strained China-USA Relations

2023-04-30

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2023-04-30

American politicians are beating war drums. They forget that bad relations are costly in many ways. Original Article: "It Hurts to Pay for Strained China-USA Relations" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Why Do Banks Still Fail?

2023-04-29

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2023-04-29

Despite all of the supposed safeguards to prevent bank failures, banks still fail. Perhaps the so-called safeguards are causing much of the trouble. Original Article: "Why Do Banks Still Fail?" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Do We Need a “National Divorce”? It’s Not a New Idea

2023-04-29

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2023-04-29

We are hearing calls both from right and left for an amicable national divorce. In truth, the states were never "hitched" in the first place, at least not by any plausible definition of marriage. Original Article: "Do We Need a "National Divorce"? It's Not a New Idea" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Investing in Gold

2023-04-29

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2023-04-29

Mark discusses something bigger than the Disney layoffs: the Wall Street Journal's April 25 frontpage article on investing in gold. It would seem that the recent rise of the price of gold is the result of tired, dumb, and disillusioned crypto currency investors throwing in the towel to "chase shiny new object—gold." Mark explains that the rational reasons for investing in gold loom larger than the entire Magic Kingdom! Be sure to...

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Rothbard: The Myth of Tax “Reform”

2023-04-29

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2023-04-29

Everyone will agree that the American tax system is a mess. Taxes are far too high, and the patchwork system is so complicated that even IRS officials don’t understand it. Hence the evident need for some sort of dramatic, even drastic, reform. As often happens, a group of dedicated and determined reformers has arisen to satisfy that need. But before we embrace this new gospel, we should heed the old maxim about jumping from the frying pan into the...

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Due Process or Transgender Protection on Campus?

2023-04-29

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2023-04-29

College campuses have long been battlegrounds between due process for those accused of sexual misconduct (innocent until proven guilty) and legal privileges for alleged victims who many automatically believe (guilty until proven innocent). The front line is Title IX, the 1972 federal law designed to curb sex discrimination in schools. President Joe Biden’s Department of Education (DOE) wants to add gender identity to the mix. The players in this...

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How the Dollar Became the World’s Top Global Currency

2023-04-28

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2023-04-28

In March 2009, in the midst of recession, then Treasury secretary Timothy Geithner was pressed to respond on the question of whether or not another currency—possibly the IMF’s special drawing rights (SDRs)—might displace the US dollar as the dominant global reserve currency. Geithner responded that he’s open to more use of SDRs but then felt the need to clarify with “The dollar remains the world’s dominant reserve currency and I think that’s likely...

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The Great Reset and the Grand Refusal

2023-04-28

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2023-04-28

Recorded in Birmingham, Alabama on April 22, 2023. From the Mises Institute's recent event in Birmingham, Alabama dedicated to the global threat of "The Great Reset".

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Mises Meetup Opelika

2023-04-28

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2023-04-28

Join Mises Club Opelika for their second meeting at Botanic in Opelika. The Meetup will take place Saturday, June 24.  There is no registration fee, but attendance will be limited due to space.  Please contact Ed Kerns to reserve your spot or if you have any questions, [email protected].

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Equality Requires State Violence

2023-04-28

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2023-04-28

Although equality and "equity" are modern buzzwords, the only way to reach such a social nirvana is through violent means. Do we really want to go there? Original Article: "Equality Requires State Violence" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Canada’s Housing Boom Was a Bubble. Now Comes the Bust

2023-04-28

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2023-04-28

The latest Canadian housing data showed a slight uptick in prices and a pause from 2022’s correction, and a new wave of dip buyers has already begun to call this a buying opportunity, as if valuations at ten times average annual income and 50 percent more expensive than their cash flows were anything but still extremely overvalued. This is merely the most recent development in what appears to be the end of Canada’s massive housing bubble and the...

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The Environmentalist Revolt against Humanity.

2023-04-28

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2023-04-28

The Revolt against Humanity: Imagining a Future without Usby Adam KirschColumbia Global Reports, 2023; 100 pp. Aristotle says in book 1 of the Nicomachean Ethics that “happiness, therefore, being found to be something final and self-sufficient, is the End at which all actions aim.” The Greek word eudaimonia, “happiness” in this edition, is often translated as “flourishing.” Isn’t it obviously true that you want your life to flourish? Of course, all...

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The Economics of Space Travel

2023-04-28

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2023-04-28

Are NASA contracts propping up the private space industry? Or are Government regulations stifling the private space race? Dr. Eli Dourado, Senior Research Fellow with the Center for Growth and Opportunity at Utah State University, joins Bob to discuss the recent "successful failure" of the exploded SpaceX launch and the differences between government and privately funded space travel. Dr. Dourado on NASA contracting private companies to...

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