These subsidies exemplify crony capitalism. The Austrian School of economics defines any subsidy as government intervention in the functioning of the economy.
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Category Archive: 6b) Austrian Economics
LA UNIÓN EUROPEA QUIERE ATRAER A LOS CIENTÍFICOS DE ESTADOS UNIDOS
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Kommt es jetzt zur Inflation oder Deflation?
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CHINA NO HACE MÁS QUE CERRARSE
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CHINA EN LA MAYOR CRISIS INMOBILIARIA DE LA HISTORIA
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The Political Business Cycle 50 Years Later
William Nordhaus coined the term “Political Business Cycle” a half-century ago. The idea was that government authorities, particularly the central bank, would manipulate the economy to correspond with election cycles, a practice that continues to this day.
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Why Elon Musk Is Right: The Case Against Subsidizing Amtrak
Amtrak is always on the verge of reviving intercity rail traffic in the US, or at least that is what politicians want us to believe. The truth is that the case for defunding Amtrak has never been stronger.
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The Gold-Silver Ratio
Mark Thornton digs into the gold-silver ratio—its wild swings, its history, and what it might mean for investors and the world at large.
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¿QUÉ ESTÁ PASANDO REALMENTE EN ALEMANIA?
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P.T. Bauer’s Reminders on Foreign Aid
The late P.T. Bauer provided much insight into the issue of the so-called First World sending aid to Third World nations in the name of “development.” Bauer demonstrated conclusively that such donations actually impede economic growth in poor nations.
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The Spanish Blackout Is a Warning to the World
The blackout in Spain was not caused by a cyberattack but by the worst possible attack—that of politicians against their own citizens.
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Die Aktienblase platzt.
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Enslavement of Native Americans in the Caribbean
The transatlantic slave trade from Africa is a well-known chapter in the history of slavery in the Western Hemisphere, but much lesser known is the enslavement of Native Americans. Many of them were shipped to plantations in the Caribbean where they were worked to death.
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Truth or Consequences
This week on Friday Philosophy, Dr. David Gordon reviews The Price of Our Values by Augustin Landier and David Thesmar. While the authors claim that economists often substitute utilitarianism for moral values, they dismiss any idea of objective standards for morality.
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Only Congress, Not the President, Can Initiate War
Edwin S. Corwin in The President: Office and Powers, 1878-1957 has argued that the Constitution is a tussle for control between the executive and legislature. It is, he claims, “an invitation to struggle for the privilege of directing American foreign policy.”
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KI Revolution 2025: Was du JETZT wissen musst! Interview mit KI-Experten
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Federal Judge Sets Free Op-Ed Writer
Federal prosecutors were not able to produce any evidence at all other than an op-ed Ozturk wrote.
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On Swiss National Bank
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SNB Sight Deposits: decreased by 15 billion francs compared to the previous four weeks
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2025-07-31 – Interim results of the Swiss National Bank as at 30 June 2025
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SNB Brings Back Zero Percent Interest Rates
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Hold-up sur l’eau potable (2/2) : la supercherie de « l’hydrogène vert ». Par Vincent Held
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2025-06-25 – Quarterly Bulletin 2/2025
Main SNB Background Info
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