Category Archive: 6b) Austrian Economics

Republicans Fail on the Debt Ceiling in 2023

The United States House of Representatives’ passage of the Limit, Save, Grow Act of 2023 is a big Republican failure addressing the debt ceiling. The debt ceiling would be raised above the current limit of $31 trillion by $1.5 trillion or through March 2024, whichever comes first. Notably, “official cost estimates have not yet been released,” so the projected paltry $480 billion annual spending reductions likely will be much less. This is because...

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POR QUÉ SÁNCHEZ ADELANTA ELECCIONES. ¿EL FIN DEL SANCHISMO?

#23JULIO #elecciones #anticipadas #sanchez #podemos #sumar #economia #psoe 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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In the Event of an Official US Bankruptcy

Economically speaking, the US government is bankrupt even if the government won’t admit what is obvious. But how would an actual bankruptcy proceeding go?  Original Article: "In the Event of an Official US Bankruptcy"

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The Bankruptcy Caravan Is Now Arriving: Time to Pay for the Easy Money

The character Mike Campbell in Ernest Hemingway’s 1926 novel The Sun Also Rises was asked about his money troubles and responded with a vivid description embracing self-contradiction: “‘How did you go bankrupt?’ Bill asked. ‘Two ways,’ Mike said. ‘Gradually and then suddenly.’” Ground-hugging interest rates for more than a decade kept the inefficient and the incompetent in business. Now, the jig is up, with a Mother’s Day weekend corporate massacre...

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Taxing Capital Leads to Capital Consumption

Progressive governments in the name of equity are calling for taxation of capital gains. They really are demanding destruction of capital through capital consumption.  Original Article: "Taxing Capital Leads to Capital Consumption"

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“Trans Rights” Means Trans Entitlements and the End of Civil Society

A “civil society” is a community of individuals who are linked together by common interests and activities. Common interests include being able to walk the streets safely (peace) and to exercise such rights as freedom of speech (individual freedom). These shared interests allow common activities to flourish, including commerce and the education of children. Civil society is possible only because most people want to live securely, protect their...

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Dirk Müller – Konzerne sind bereits mächtiger als Staaten!

👉 Jetzt Cashkurs-Mitglied werden ►► 1 Monat für €9,90 statt €17,70 ►https://bit.ly/Cashkurs9_90 (Bei diesem Video handelt es sich um einen kurzen Ausschnitt aus dem CK*Gold-Webinar vom 24.05.2023) 3️⃣ Tage Cashkurs gratis testen ►►► https://bit.ly/3TageGratis 📧 Gratis-Newsletter ►►► https://bit.ly/CashkursNL 🔴 YouTube-Kanal abonnieren ►►► https://www.youtube.com/@cashkurscom #dirkmüller #cashkurs #informationsvorsprung Sie sind noch kein...

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28M: Debacle de Sanchez y Podemos (no se podía saber…)

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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SALARIOS DIGNOS Y EXPOLIO ESTATAL

#salarios #impuestos #economia #paro #inflación 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 Money Supply Has Plummeted in the Biggest Drop Since the Great Depression

With negative growth now falling to near –10 percent, money-supply contraction is now the largest we've seen since the Great Depression.  Original Article: "The Money Supply Has Plummeted in the Biggest Drop Since the Great Depression"

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The Lure of a Stable Price Level

One of the reasons that most economists of the 1920s did not recognize the existence of an inflationary problem was the widespread adoption of a stable price level as the goal and criterion for monetary policy. The extent to which the Federal Reserve authorities were guided by a desire to keep the price level stable has been a matter of considerable controversy. Far less controversial is the fact that more and more economists came to consider a...

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Finance Discovers Sting: “How Fragile We Are”

Despite the soothing hot air from the White House and Fed officials, the financial system is becoming increasingly fragile and unstable. Maybe all of that intervention the past decade was not wise. Original Article: "Finance Discovers Sting: "How Fragile We Are""

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COMPRA DE VOTO: Un insulto a los contribuyentes.

#melilla #compradevotos #economia #política 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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Progressives Want to Eliminate Wealthy Entrepreneurs but Need the Wealth They Create

Modern culture is biased against those that are rich even while depending upon the wealth that successful entrepreneurs have created. Original Article: "Progressives Want to Eliminate Wealthy Entrepreneurs but Need the Wealth They Create"

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Where Is That Darn Recession?

Mark takes a look at all the wrong predictions of recession in recent years, including those of Austrian School economists. While the MSM and Fed officials try to downplay the coming of a recession, many of the statistics and facts that Austrian consider important are indicating a looming recession, if not a full-blown economic crisis. Check out Anatomy of the Crash: The Financial Crisis of 2020, edited by Tho Bishop:...

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Can We Protect Ourselves from Inflation?

Rulers found out early on that they could debase gold and silver coins for their own gain. As a consequence, the money supply increased, whereas money’s purchasing power fell. This pseudoalchemy is the true definition of inflation and has been a policy for more than a thousand years. What’s more, an increase in the money supply leads to rising prices. This symptom of inflation is often mistaken as inflation itself. The correct term, though, is...

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As Interest Rates Rise, the Era of “Deficits Don’t Matter” Is Over

Back in 2002, then-Vice President Dick Cheney claimed "Reagan proved deficits don't matter" and went on to push for tax cuts combined with more federal spending. Indeed, the Bush administration would go on to push immense amounts of new spending, supporting a huge Medicare expansion and blowing hundreds of millions of dollars on costly and pointless occupations in Iraq and Afghanistan. The national debt grew by 70 percent during Bush's...

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Rothbard’s Button Doesn’t Exist, but It Needs to Be Invented

In 1948, Ludwig Erhardt rescued a German economy that was in shambles simply by invoking free markets and currency reform. Our economy needs its Rothbard moment. Original Article: "Rothbard’s Button Doesn’t Exist, but It Needs to Be Invented"

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Overcoming Government Intervention in the Economy

Once again, the economic system is trying to adjust to political and monetary interventions. The year 2023 marks the end of a historical period characterized by zero-cost credit. The monetary expansion that began in the early 2000s led to the great financial crisis of 2008 and the emerging markets boom. Exaggerated demand expectations and easy access to capital caused an overexpansion of production capacity and the subsequent industrial...

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Mises Book Club

In September 2023, the Mises Institute will hold the inaugural meeting of the Mises Book Club, its newest program to promote deep reading in Austrian economics.  In celebration of the 50th Anniversary of Murray Rothbard's For a New Liberty: The Libertarian Manifesto, this iconic Austrolibertarian text will be the focus of our inaugural meeting. For eight riveting weeks, ten to fifteen specially selected undergraduate students will partake in rich...

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