Category Archive: 6b) Austrian Economics

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The Fed’s “Price Stability” Schemes Sow Economic Chaos

2024-12-02

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2024-12-02

For most commentators, a “stable price level” is the key for economic stability. For instance, let us say that there is a relative increase in consumer demand for potatoes versus tomatoes. This relative increase is depicted, all things being equal, by the relative increase in the price of potatoes. To be successful, businesses must pay attention to consumer demand. Failing to do so is likely to lead to losses. Hence, by paying attention to relative...

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The “Price Stability” Myth Undermines Our Economy and Well-Being

2024-12-02

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2024-12-02

For most commentators, a “stable price level” is the key for economic stability. For instance, let us say that there is a relative increase in consumer demand for potatoes versus tomatoes. This relative increase is depicted, all things being equal, by the relative increase in the price of potatoes. To be successful, businesses must pay attention to consumer demand. Failing to do so is likely to lead to losses. Hence, by paying attention to relative...

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Taxes on “the Rich” versus Tariffs

2024-12-02

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2024-12-02

During his recent presidential campaign, Donald Trump has repeatedly floated the idea of eliminating personal income taxes and replacing them with tariffs on imports. The proposal, which was never developed in a detailed and coherent plan, was met with hostility by mainstream media and analysts. The latter did not consider the proposal serious enough, because (i) it would be almost impossible to make up for the lost revenue from the income tax with...

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Central Banker Affirms, Deflation “Is a Benefit for the People”

2024-12-02

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2024-12-02

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 Chance to Double Your Gift!

2024-12-01

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2024-12-01

Dr. Gary Schlarbaum, one of our generous supporters, has again offered to match donations received through December 9. That means your $10 donation becomes $20, your $25 donation becomes $50, and so on. For the last ten years, Gary has kickstarted our year-end campaign with his matching gift. He’s ready to match your gift today!With a donation of $25 or more, you’ll receive a copy of Tom DiLorenzo‘s newest booklet, The Axis of Evil: America’s Three...

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TRUMP COBRARÍA ARANCELES PARA ELIMINAR IMPUESTOS

2024-12-01

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¿Puede Trump eliminar el impuesto sobre la renta con aranceles a China y otros países? 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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What “Capitalism” Really Means

2024-12-01

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2024-12-01

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 Intellectual Property Laws Stifle Innovation

2024-12-01

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2024-12-01

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 Knock Nock

2024-12-01

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2024-12-01

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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Who Sets the Prices for Goods?

2024-12-01

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2024-12-01

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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Nine Months of Javier Milei as President of Argentina: A Critical Assessment

2024-12-01

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2024-12-01

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 Establishment Media Is Unaware of Its Growing Irrelevance

2024-12-01

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2024-12-01

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 Austrian Business Cycle Theory Is Better than Keynesianism

2024-12-01

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2024-12-01

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 Political Theology That Maintains State Power

2024-12-01

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2024-12-01

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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What Has Government Done to Our World?

2024-11-30

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2024-11-30

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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Orwellian Libertarianism: The Topsy-Turvy World of Walter Block

2024-11-30

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2024-11-30

Walter Block asks us to consider the following case: Suppose someone is shooting at you. He has two babies strapped in front of his body. He is clearly an aggressor and, of course, you have the legal right to shoot back in self-defense. The moral and ethical considerations as to whether you ought to shoot back are the subject of debate, and Murray Rothbard has addressed those debates extensively, but from the perspective of libertarian law there is...

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TRUMP NOMBRA A SCOTT BESSENT PARA ECONOMÍA

2024-11-30

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Trump nombra a Scott Bessent, gestor de hedge funds, como secretario del Tesoro. 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! #ScottBessent...

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The Heartland theory: More relevant than ever?

2024-11-30

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2024-11-30

Share this article Sir Halford Mackinder’s famous Heartland Theory was first formulated in the early 20th century, but it holds renewed relevance and importance today, especially when analyzed though a critical lens of the current geopolitical system, one that emphasizes individual freedom, limited government intervention, and skepticism of centralized power. Mackinder’s theory posits that control over the “Heartland” — roughly the region of...

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An Austrian Perspective on Tariffs

2024-11-30

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2024-11-30

Tariffs have been a key instrument in government trade policies for centuries. For instance, one of the wealthiest ancient countries, Khazaria (7th-10th centuries CE), did not tax its citizens directly but instead imposed tariffs on all passing caravans due to its strategic location along major trade routes. In the United States, before introducing the federal income tax (1913), the government generated revenue primarily through tariffs. The role...

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Responding to Bryan Caplan’s Continued Critique of the Austrians

2024-11-30

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2024-11-30

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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