Category Archive: 6b) Austrian Economics

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Economic Status Report: AI and the Fed

2024-06-13

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2024-06-13

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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No One is Above the Law?

2024-06-13

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2024-06-13

In the recent criminal prosecutions of Donald Trump and Hunter Biden, prosecutors and others emphasized that “no one is above the law.”Really? No one?How about retired Lt. Gen. James R. Clapper, Jr.? When he was serving as the Director of National Intelligence, he got caught lying under oath to Congress after he falsely denied that “the NSA was collecting data on millions or hundreds of millions of Americans.”Imagine Clapper’s surprise when Edward...

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¡FARSA TOTAL! Yolanda Díaz y su NUEVO ENGAÑO con el Informe del FMI

2024-06-13

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La izquierda manipula con un supuesto informe del FMI y la OCDE, pero el FMI dice lo opuesto a lo que defienden. 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...

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Governments Hate Privacy Software

2024-06-13

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2024-06-13

On May 14, Alexey Pertsev, one of the lead developers of Tornado Cash (TC), was found guilty of money laundering by a Dutch court and sentenced to sixty-four months in prison. TC is a privacy-preserving protocol developed for the Ethereum blockchain: it allows users to deposit funds in a TC pool and withdraw them to a different address, thus making it impossible for external observers to track financial activity. TC is completely noncustodial,...

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The Latest BLS Unemployment Report, More Signs of Recession

2024-06-13

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2024-06-13

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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A Hoppean Dissection of Javier Milei

2024-06-13

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2024-06-13

In his book, Democracy: The God That Failed, Hans-Hermann Hoppe talks about the neoconservative movement in the U.S. emerging in the late 1960s and early 1970s, when the left became increasingly involved with Black Power, affirmative action, pro-Arabism, and the counterculture of those times. In opposition to all this,many traditional left-wing (frequently former Trotskyite) intellectuals and cold war “liberals,” led by Irving Kristol and Norman...

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US Arms Sales Are a Clear and Present Danger

2024-06-13

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2024-06-13

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 Does America Have a Lack of Libertarian Representation?

2024-06-13

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2024-06-13

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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Can Data by Itself Inform Us about the Real World?

2024-06-13

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2024-06-13

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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Switzerland Still Cherishes its Traditional Neutrality

2024-06-13

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2024-06-13

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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Central Banks Are Destroying Our Economies

2024-06-13

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2024-06-13

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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Judy Shelton’s Lasting Legacies

2024-06-13

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2024-06-13

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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Don’t Call It Free Trade

2024-06-13

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2024-06-13

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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Smugglers: True Heroes of Liberty

2024-06-13

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2024-06-13

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 Real Story Behind the Fed’s “Soft Landing” Narrative

2024-06-13

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2024-06-13

The Federal Reserve’s Federal Open Market Committee (FOMC) yesterday left the target policy interest rate (the federal funds rate) unchanged at 5.5 percent. The target rate has now been flat at 5.5 percent since July of 2023—as the Fed waits and hopes that everything will turn out fine. In his prepared remarks at Wednesday’s FOMC press conference, Powell continued with the soothing message he has generally employed at these press conferences over...

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The State’s Most Cherished Power Is its Money Monopoly

2024-06-13

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2024-06-13

Money is never an object when you have a legal counterfeiting racket at the center of the economy; yet counterfeiting, provided it has monopoly power and is conducted by the “best and the brightest,” is virtually unchallenged as necessary for economic growth.How did this fraud come about? First, some basics:We are all under state rule, meaning under the rule of a monopoly of force that most people cherish in principle as a necessary precondition...

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The State’s Best-Kept Secret

2024-06-13

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2024-06-13

Money is never an object when you have a legal counterfeiting racket at the center of the economy; yet counterfeiting, provided it has monopoly power and is conducted by the “best and the brightest,” is virtually unchallenged as necessary for economic growth.How did this fraud come about? First, some basics:We are all under state rule, meaning under the rule of a monopoly of force that most people cherish in principle as a necessary precondition...

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Alvise Pérez ¿EXTREMA DERECHA o DESCONTENTO SOCIAL?

2024-06-12

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Alvise Pérez y su plataforma "Se acabó la fiesta" han ganado 800.000 votos y tres eurodiputados sin apoyo mediático ni institucional, reflejando el descontento con el gobierno actual. 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 -...

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How Bad Economic Policies Drive Out Good Entrepreneurs

2024-06-12

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2024-06-12

Gresham’s law states that bad money drives out good money. Gresham’s law goes something like this: overvalued money that has less actual value circulates in a market economy, and the undervalued money with the same face value but whose metal has more value is hoarded and thus goes away.

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There Are Only Downsides to Prolonging the War in Ukraine

2024-06-12

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2024-06-12

Last week, President Joe Biden and a number of top American and European officials met in Normandy to attend a ceremony marking the eightieth anniversary of the D-day invasion. In a pair of speeches, Biden recounted the operation that he said marked the beginning of the “great crusade to liberate Europe from tyranny” before drawing a direct connection to where things stand with the war in Ukraine.Biden called Russian president Vladamir Putin a...

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