Category Archive: 6b) Austrian Economics

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Lending without Saving Brings Recession and Poverty

2024-05-13

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2024-05-13

Popular thinking says that lending is banking activity. Banks are believed to be responsible for the expansion of credit. However, is this the case?The Meaning of CreditFor instance, take a farmer, Joe, who produced two kilograms of potatoes. For his own consumption, he requires one kilogram, and the rest he decides to lend for one year to a farmer named Bob. The unconsumed one kilogram of potatoes that he agrees to lend is his real savings.Note...

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Real Savings and Lending: What Is the Relationship?

2024-05-13

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2024-05-13

Popular thinking says that lending is banking activity. Banks are believed to be responsible for the expansion of credit. However, is this the case?The Meaning of CreditFor instance, take a farmer, Joe, who produced two kilograms of potatoes. For his own consumption, he requires one kilogram, and the rest he decides to lend for one year to a farmer named Bob. The unconsumed one kilogram of potatoes that he agrees to lend is his real savings.Note...

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They Want to Scare You with Myths of “Unhampered Capitalism”

2024-05-13

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2024-05-13

Bad ideas are sometimes the hardest to dethrone. It’s probably accurate to say most people think of money as the paper currency printed by governments. And it is money in the sense that it functions as a medium of exchange, but is it sound? Is it vulnerable to inflation? Its very existence is evidence that it is, so why are so many people reluctant to switch to a money that isn’t?There any many myths surrounding hard money currencies, and one of...

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CATALUÑA: GANA SÁNCHEZ Y ENTREGARÁ ESPAÑA SEGÚN LE CONVENGA

2024-05-13

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#cataluña #eleccionescatalanas #eleccionsparlament #catalunya #eleccionscatalanes #salvadorilla #erc #pedrosanchez 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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Profit Is Not Plunder

2024-05-13

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2024-05-13

Frédéric Bastiat in his book The Law distinguishes between profit and plunder. Profit is financial gain earned through industrious behavior. Business owners make a profit by selling products at a greater amount than what it costs to produce that product. Plunder, by contrast, is the theft of property through nonvoluntary means, such as theft, coercion, or fraud. Bastiat noted that while most plunder is illegal, there remains one major exception:...

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NICARAGUA: La COREA DEL NORTE de AMÉRICA LATINA! ¿Por qué LA IZQUIERDA guarda SILENCIO?

2024-05-12

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El silencio izquierdista ante la dictadura de Ortega en Nicaragua es ensordecedor. ¿Por qué callan ante este abuso de poder? 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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¡Bancos centrales ¿Salvadores o destructores

2024-05-12

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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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Artificially Low Interest Rates Are Creating Economic Chaos

2024-05-12

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2024-05-12

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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An Optimistic Strategy for Liberty

2024-05-12

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2024-05-12

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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Fixing FDR’s Biggest Blunder: From Gold Standard to Fiat Folly and Back

2024-05-12

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2024-05-12

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 Humility of the Spontaneous Order

2024-05-12

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2024-05-12

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 War on Poverty Makes Poverty Worse

2024-05-12

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2024-05-12

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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Abolish all Treason and Sedition Laws

2024-05-12

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2024-05-12

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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How the “Informal” Economy Creates Free Markets in Bolivia

2024-05-12

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2024-05-12

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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Is “Havana Syndrome” Russian Aggression or Another Media Conspiracy Theory?

2024-05-12

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2024-05-12

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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El COLAPSO Democrático de España, con Jano García

2024-05-11

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#sanchez #pedrosánchez #economíaespañola #daniellacalle #psoe #crisisdeuda #janogarcia Link al programa completo - _y1J1E9Uz4 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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La EMISIÓN de DINERO solucionará el CAMBIO CLIMÁTICO

2024-05-11

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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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The Fed Fears a Bond Meltdown

2024-05-11

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2024-05-11

The money supply (M2) has bounced to March 2023 levels and has been rising almost every month since October last year. Furthermore, US government deficit spending has more than offset the decline in the Federal Reserve balance sheet. While the Fed’s balance sheet has shrunk by $1.5 trillion from its peak, the US government deficit remains above $1.5 trillion per year.The money supply (M2) in the United States has bounced above March 2023 levels,...

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Commercial Real Estate’s Future

2024-05-11

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2024-05-11

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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Property Rights and the Will to Own

2024-05-11

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2024-05-11

Jeremy Bentham famously regarded natural rights as “nonsense on stilts” and taught that property rights are created by law and enforced by courts. Bentham’s view was that “before the laws, there was no property: take away the laws, all property ceases.” Lawyers in the Benthamite tradition accordingly set out to define the state-created nature of property rights and the boundaries of these rights as defined by the courts.The elusive nature of...

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