Category Archive: 6b) Austrian Economics

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California’s Crony Capitalist Minimum Wage Law

2024-04-08

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2024-04-08

On April 1, California raised the minimum wage for large fast food restaurant franchises to $20 an hour. This law will threaten seven hundred thousand jobs by destroying the state’s food franchising business; however, there is one notable fast food franchise exempted from this minimum wage hike: Panera.Greg Flynn is the second-largest Panera franchisee in the world, but he is also known for his close relationship with California governor Gavin...

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The Tariff of Abominations and the Era of Good Stealings

2024-04-08

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2024-04-08

Few Americans seem aware of the fact that it was the New England Federalists who plotted to secede from the union a half century before the 1860-61 secession of the Southern states. Their efforts culminated in the Hartford secession convention of 1814 where they decided in the end to remain in the union after all, confident that they would eventually dominate national politics to their economic advantage. The leader of the New England secessionists...

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Yes, We Still Need the First Amendment

2024-04-08

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2024-04-08

Government censorship has shifted to the forefront of American conversation with the recent passing of H.R. 752, which would essentially ban TikTok; this development, which has passed the House and is on its way to the Senate, is igniting debating on how much involvement the government should have in social media.This debate is not new, considering the government has been intervening in social media for years. For example, this is not the first...

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“El FRACASO del Estatismo”, con Miguel Anxo Bastos

2024-04-07

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#economíaespañola #daniellacalle #keynesianismo #macro #milei #argentina #miguelanxobastos Link al programa completo - 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 -...

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LA PESADA HERENCIA DE ARGENTINA

2024-04-07

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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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El GRAN SABLAZO: Suba de IMPUESTOS y DESPILFARRO

2024-04-06

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El gobierno de Sánchez aumentó los #impuestos a la clase media y dispara el #gastopolítico, incrementando la #deuda y empobreciendo a todos. 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 -...

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LA MAYOR ESTAFA POLÍTICA en Argentina

2024-04-06

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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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March Report: The Recession In Full-Time Jobs Is Here

2024-04-06

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2024-04-06

According to a new report from the federal government's Bureau of Labor Statistics this week, the US economy added 303,000 jobs for the month of March while the unemployment rate fell slightly to 3.8%. In what has become a familiar pantomime, reporters from the legacy media were sure to declare this a "blowout jobs report" while Richmond Fed president Tom Barkin described the report as "quite strong." This report showed,...

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More Easy Money Will Plunge Us into Stagflation

2024-04-06

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2024-04-06

Thirty major central banks are expected to cut rates in the second half of 2024, a year when more than seventy nations will have elections, which often means massive increases in government spending. Additionally, the latest inflation figures show stubbornly persistent consumer price annualized growth.In the United States, headline PCE inflation in February will likely grow by 0.4%, compared with a 0.3% rise in January, and consensus expects a 2.5%...

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Understanding the History of African Slavery: The Europeans Were not the Only Slave Traders

2024-04-06

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2024-04-06

In the vast pantheon of history, black people have been both victims and oppressors. Yet history has been so politicized that we hear endlessly about the former and almost never about the latter. Rhetoric has eclipsed facts. It is a fact, for example, that Africans participated in the transatlantic slave trade. History is now frequently used as a cudgel to hammer white people into submission.Instead of recognizing nuance and complexity, many who...

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The Nigerian People vs. NYSC Decree No. 24 of 1973: An Austro-libertarian Review

2024-04-06

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2024-04-06

Every year, thousands of Nigerian youths who are below the age of thirty and who’ve completed their undergraduate studies—whether in Nigeria or abroad—are compelled by law to give up one year of their working time in active duty to the country under the auspices of the National Youth Service Corps (NYSC), an agency of the government.It has now been fifty years since the establishment of the NYSC mandatory program under Decree No. 24 of May 22, 1973...

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Chokepoints

2024-04-06

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2024-04-06

What happens when war shuts down the Strait of Hormuz? Mark looks at the economics and causes of a growing list of problems with the "chokepoints" of international trade: the Panama Canal, the Suez Canal, and Baltimore harbor. Will these chokepoints become scapegoats for the Federal Reserve, and could war closing the Strait of Hormuz become a genuine world crisis?Be sure to follow Minor Issues at Mises.org/MinorIssues.Get your free copy...

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El FIASCO ECONÓMICO de SÁNCHEZ

2024-04-05

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2 billones de #deuda, apenas aumento del #PIB. #endeudamiento brutal, nula recuperación económica. Nos están arruinando. 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 -...

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The CRE Bust is a Slow-Moving Train

2024-04-05

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2024-04-05

Day-to-day we don’t hear much about the commercial office property crash. As The Fed’s Michael Barr said at an event hosted by the National Community Reinvestment Coalition in Washington, “This is the kind of thing where it’s likely to be a very slow-moving train as the financial sector and commercial real estate market move forward,” he said, adding that refinancing deals will play out in the next few years. “It’ll take some time.”Barr, the vice...

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Butler, Butt Out!

2024-04-05

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2024-04-05

Who’s Afraid of Gender?by Judith ButlerFarrar, Straus and Giroux, 2024; 308 pp.Judith Butler is a well-known feminist theorist, and one approaches her latest book with interest, all the more so because of its puzzling title. By “gender,” Butler means the view that the roles of men and women in society are not determined by biology but vary in different cultures and times and, further, that there are some people who do not fit within the “binary”...

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ARGENTINA TIENE POTENCIAL y el mundo LO SABE

2024-04-05

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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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Gaza: What If America Were the Good Guy?

2024-04-05

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2024-04-05

“Genocide Joe” and the foreign agents knowns as the “American Israel Public Affairs Committee (AIPAC), whose Israel-First focus makes them a fifth column; Trump with Jared Kushner and his better-half: These are America’s 2024 election options.The Biden-AIPAC bloc has begun whispering sweet nothings in the ears of Israel’s Benny Gantz (National Unity Party), ostensible rival of Bibi Netanyahu (Likud). The AIPAC-run Biden bloc would like you to...

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The Consequences of Good Intentions

2024-04-05

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2024-04-05

Between the ongoing war in Gaza and Houthi attacks on Western shipping in the Red Sea, the media has had plenty of gruesome foreign policy fodder for the content mill. However, this coverage has come at the expense of the ongoing grinding conflict in Ukraine, which has quickly gone from a euphoric cause célèbre to a now embarrassing catastrophe that is best shoved in the closet and forgotten like all the rest of America’s decades of costly foreign...

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FDR and the End of Gold: 2,500 Percent and Counting

2024-04-05

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2024-04-05

The world is full of scraps of paper today.- Benjamin Anderson, economist, Chase Manhattan Bank (1920 - 1939)April 1933 found America mired in a crushing economic depression, and newly elected president Franklin DeLano Roosevelt -- who had declared the previous month he had a legal power derived from the Trading with the Enemy Act to assume control of our monetary system -- responded by taking America off the gold standard. That the Act, an...

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The 1940s vs 2020s: Debt Levels, Monetary Policy, and Cryptos as Global Currencies | Lyn Alden

2024-04-05

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Inflation is proving stickier than anyone would have hoped. Lyn Alden, the author of Broken Money: Why Our Financial System Is Failing Us and How We Can Make It Better and my guest today, offers a cogent explanation of why, likening it to the fiscal-driven inflation of the 1940s. Lyn explains how the pandemic-era fiscal stimulus continues to affect our economy, along with increasing geopolitical instability and the runaway federal deficit. We...

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