Category Archive: 6b) Austrian Economics

The Cost of College and Accompanying Student Debt Create a Negative Social ROI

Remember that credit is money. —Benjamin Franklin The June 2023 Supreme Court decision to reject the Biden administration’s plan that pandered to those claiming impoverishment by the costs of higher education is a second-act curtain on the student debt drama. A third act in the drama was outlined by President Biden on June 30 using piecemeal administrative decisions. For more than twenty years, the federal student loan program has been mismanaged....

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Central Banking and Inflation

Some problems with inflation measures, inequality and social mobility, and further implications. Download lecture slides at Mises.org/MU23_PPT_27. Recorded at the Mises Institute in Auburn, Alabama, on 27 July 2023. [embedded content]

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An Austrian Analysis of Covid Vaccines

Public health during the pandemic was anti-science and anti-health. Download lecture slides at Mises.org/MU23_PPT_26. Recorded at the Mises Institute in Auburn, Alabama, on 27 July 2023.

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The Tao and the Synergy of the Spontaneous Order

More than two thousand years ago, the ancient Chinese Tao presented ideas that are reflected in F.A. Hayek's concept of spontaneous order. Original Article: "The Tao and the Synergy of the Spontaneous Order"

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Hail the Speculators! They Take the Necessary Economic Risks in Our Economy

There are few individuals as reviled and vilified in our modern age as speculators. Economic turmoil of all shapes and sizes are placed squarely on their shoulders. Why do we have recessions from time to time? Because of the irrational speculators, of course. Why do economic bubbles exist? Because of wild overspeculation, undoubtably. Why are prices rising so quickly? The ceaseless activity of the speculators, no doubt. Yet it is seldom—if...

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¿RÉCORD DE EMPLEO? @DanielLacalleOfficial

Total de horas trabajadas, vía contabilidad nacional segundo trimestre 2023: 2T 2008: 9.137.186,6 Máximo de 2019: 8.554.873,9 2T 2023: 8.545.149,1 Total de horas trabajadas ajustado por estacionalidad y calendario, miles de horas (INE)

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The real failure of “trickle down economics”

Part II of II If this kind of theoretical reasoning seems too abstract, let us think about it more practically: Any public servant, any member of government, and even the leader of a nation, has very different motivations than any private sector decision-maker. Their financial compensation is a given and their time preference is dictated by their job description.  The company owner on the other hand has no such guarantees regarding their...

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Striking Hollywood Actors and Writers Might Have to Get Used to Stagnant Wages

People with jobs, children, and actual responsibilities might not have noticed, but Hollywood is nearly shut down right now thanks to both a writers' strike and an actors' strike. Or more specifically, the writers and actors—who are members of unions—are on strike. Members of SAG-AFTRA (SAG) and the Writers Guild of America (WGA) are refusing to work until TV and movie studios agree to a variety of demands. These actors and writers may be in for...

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Life in the Fast Lane

Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2023. [embedded content]

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The Ten Men Who Made the West

Download lecture slides at Mises.org/MU23_PPT_24. Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2023. The Ten Men Who Made the West | David Gordon Video of The Ten Men Who Made the West | David Gordon

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The Unseen Costs of Regulation

Few people understand how destructive regulations are. Download lecture slides at Mises.org/MU23_PPT_23. Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2023. The Unseen Costs of Regulation | Per Bylund Video of The Unseen Costs of Regulation | Per Bylund

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The Political Economy of Policing

Moving policing outside of the realm of economic calculation contributes to many of the problems we see. Download lecture slides at Mises.org/MU23_PPT_22. Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2023. The Political Economy of Policing | Tate Fegley Video of The Political Economy of Policing | Tate Fegley

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Student’s Favorite Moments from Tuesday at Mises U

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 ye ar's Mises Apprentices asking fellow students about the highlights from Tuesday, which included an evening pool party. [embedded content] [embedded content] [embedded content] [embedded content] Mises University is going on the entire week. You can watch live from home at mises.org/live. The Best...

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Free Trade vs. Protectionism

Free trade allows for maximizing the total number of mutually beneficial exchangers and promotes economic progress. Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2023. Free Trade vs. Protectionism | Lucas M. Engelhardt Video of Free Trade vs. Protectionism | Lucas M. Engelhardt

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Progressives Have Corrupted Not Only Money, but Its History as Well

As modern monetary theory (MMT) gains prominence in the political sphere, it has revitalized interest in some older theories about the origin of money—namely, the state and credit theories of money. The credit theory of money says that money is simply a unit for measuring debt. And the state theory of money, or chartalism, as it is often known, says that this measurement was created by the state. These days, the two theories are often combined and...

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Expertos Nos Cuentan CUÁL ES LA SITUACIÓN REAL DE LAS PENSIONES

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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Meet the Gadfather

Michael talks with Gad Saad about evolutionary psychology and the market, the mind parasites, and his new book. Meet the Gadfather Video of Meet the Gadfather

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Deutschlands Politik: “Wir sitzen im falschen Zug” (Henryk M. Broder)

► 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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They Didn’t Listen: The Reality of Hayek’s Bestseller

F.A. Hayek is one of the most influential figures in the field of social science. His works ranged from philosophy to economics to jurisprudence to psychology. He won the Nobel Prize in economics in 1974 and was probably the last major Austrian economist from Austria. He was not only important in Austrian economics but also in mainstream economics. One of his most popular works was the book The Road to Serfdom. Even though it was written in 1944,...

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Wokeness and Big Tech

Do woke tech firms have monopoly power? Download lecture slides at Mises.org/MU23_PPT_20. Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2023. Wokeness and Big Tech | Peter G. Klein Video of Wokeness and Big Tech | Peter G. Klein

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