Category Archive: 6b) Austrian Economics
How “Squatter Democracy” Created America’s First Welfare Program
With the rise of homeless camps and tent cities in many American cities, the issue of squatting has become a cause for alarm among many residents and policymakers. In many cases parks, sidewalks, and other public rights-of-way have been taken over by people living in tents or makeshift shelters, rendering the areas unusable to most area residents. In other cases, some of these homeless people have taken over empty businesses and homes that were...
Read More »
Read More »
The Bankruptcy Caravan Is Now Arriving: Time to Pay for the Easy Money
As the Fed increases interest rates to reverse the inflation it has caused, firms that depended on easy money will face the bankruptcy judge. Stay tuned; there's more to come.
Original Article: "The Bankruptcy Caravan Is Now Arriving: Time to Pay for the Easy Money"
Read More »
Read More »
Review: Orwell’s The Road to Wigan Pier
While George Orwell wrote magnificently against totalitarianism, his attempt to defend socialism in The Road to Wigan Pier stumbled badly.
Original Article: "Review: Orwell's The Road to Wigan Pier"
Read More »
Read More »
Default by Inflation Is the Real Drama in the Global Debt Market
The real drama of default in global markets has not been the federal debt ceiling negotiations in Washington but the write-off by inflation. The issue of whether it turns out that the US Treasury for a few weeks has been slow in servicing its debts—with all delays subsequently rectified—is a sideshow. We could regard this as camouflage for the ongoing real write-off operation. In this, countries led by the US, where a great inflation emerged during...
Read More »
Read More »
Estas son las EXPECTATIVAS de INFLACIÓN en USA
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!
Read More »
Read More »
El Precio de las Autonomías con José Ramón Riera en #economix
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!
Read More »
Read More »
Myth #2: Deficits Do Not Have a Crowding-Out Effect on Private Investment
Recorded by the Mises Institute in the mid-1980s, The Mises Report provided radio commentary from leading non-interventionists, economists, and political scientists. In this program, we present another part of "Ten Great Economic Myths". This material was prepared by Murray N. Rothbard.
In recent years there has been an understandable worry over the low rate of saving and investment in the United States. One worry is that the...
Read More »
Read More »
Individualism in the US Has Helped Make It an Economic Success
Individualism, while condemned in some cultures, has helped make this country economically successful. Will the influx of immigrants from cultures that devalue individualism reverse that success?
Original Article: "Individualism in the US Has Helped Make It an Economic Success"
Read More »
Read More »
Higher Corporate Profit Margins Aren’t Causing Inflation
The usual suspects such as Robert Reich claim that corporate profits are causing inflation. Actually, increases in corporate profits are tied to increases in inflation.
Original Article: "Higher Corporate Profit Margins Aren't Causing Inflation"
Read More »
Read More »
“Trans Rights” Means Trans Entitlements and the End of Civil Society
The trans rights movement has quickly moved into government coercion and outright violence. There is nothing libertarian about what is happening in this movement today.
Original Article: "“Trans Rights” Means Trans Entitlements and the End of Civil Society"
Read More »
Read More »
Fossil Fuels Enable Us to Better Fight Fires and Other Environmental Disasters
This week we’ve seen a relatively unprecedented environmental phenomenon in New York City. Canadian wildfires have led to the worst air quality New York has ever had—and the worst air quality anywhere in the world right now. The air has taken on a sepia tint, and the city looks like the setting of a postapocalyptic movie.
Many individuals are blaming the situation on climate change and calling for mass government intervention. Alexandria...
Read More »
Read More »
David French Gets to Sit with the Cool Kids at the NYT Lunch Table
Most of us would like to forget many of the unpleasant aspects of our adolescence, and especially our days in middle and high school. No matter what the school setting, private or public, every place had its “cool kids” who ruled over the rest of us, especially in the school cafeteria.
Journalism has its own version of the “cool kids,” those being reporters and writers from larger media outlets such as the New York Times (NYT) or from network news....
Read More »
Read More »
Commodity Prices Debunk the “Blame Ukraine” Excuse for Inflation
Most politicians have used the “Ukraine invasion card” to justify the massive inflationary burst in 2021-2023.
It does not matter if inflation was already elevated prior to the war. Supply chain disruptions, demand recovery, wage growth… Many excuses were used to justify inflation, except the only one that can make aggregate prices rise in unison, which is the creation of more units of currency well above demand.
Inflationists will blame inflation...
Read More »
Read More »
Secession Means More Choices, More Freedom, Less Monopoly Power
[This article is Chapter 1 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities. Now available at Amazon and in the Mises Store.]
Because of their physical size, large states are able to exercise more state-like power than geographically smaller states—and thus exercise a greater deal of control over residents. This is in part because larger states benefit from higher barriers to emigration than smaller states....
Read More »
Read More »
Can We Protect Ourselves from Inflation?
Despite all of the inflation-fighting talk from the Fed, the truth is that the government benefits from inflating the currency. We need to know how to defend ourselves.
Original Article: "Can We Protect Ourselves from Inflation?"
Read More »
Read More »
You Can’t Depend on the State to Maintain Public Order
Although commonly used, Max Weber’s definition of the state—an entity that has a monopoly on the legitimate use of force within a given geographical area—can mislead people into thinking that the state is the only or even the primary reason for security and order. This is illustrated in the trends in the nonstate provision of security, as revealed by my Google alert for the phrase “private police.” Lately, incidents of car and bike theft have led...
Read More »
Read More »
Rothbard on Utilitarianism
No matter how many times you have read a book by Ludwig von Mises or Murray Rothbard, you will find new insights if you read the book again. I found this to be true when preparing for Rothbard Graduate Seminar (RGS) this year. One of our readings was Rothbard’s For a New Liberty, and this year some of Rothbard’s arguments that I hadn’t concentrated on before attracted my attention. Usually, if you are looking for Rothbard’s views on ethics, Ethics...
Read More »
Read More »
Dirk Müller: Diese Märkte haben wenig mit der Realität zu tun
👉 Jetzt Cashkurs-Mitglied werden ►► 1 Monat für €9,90 statt €17,70 ►https://bit.ly/Cashkurs9_90
𝗦𝗲𝗵𝗲𝗻 𝗦𝗶𝗲 𝗱𝗮𝘀 𝗴𝗮𝗻𝘇𝗲 𝗠𝗮𝗿𝗸𝘁𝘂𝗽𝗱𝗮𝘁𝗲 𝘃𝗼𝗻 𝗗𝗶𝗿𝗸 𝗠ü𝗹𝗹𝗲𝗿 𝗵𝗶𝗲𝗿:
https://bit.ly/230605_Marktupdate
(Bei diesem Video handelt es sich um einen kurzen Ausschnitt aus dem Marktupdate vom 05.06.2023 auf Cashkurs.com.)
3️⃣ Tage Cashkurs gratis testen ►►► https://bit.ly/3TageGratis
📧 Gratis-Newsletter ►►► https://bit.ly/CashkursNL
🔴 YouTube-Kanal abonnieren ►►►...
Read More »
Read More »
Do Sticky Prices Make the Market Get Stuck?
Jonathan Newman joins The Human Action Podcast to discuss his recent Twitter controversy over the claim that market prices can be "wrong" (i.e. in disequilibrium) if they are "sticky."
Jonathan Newman's Twitter controversy on sticky prices: Mises.org/HAP399a
Joe Salerno on Mises's Monetary Theory: Mises.org/HAP399b
Bagus and Howden on market disequilibrium and sticky prices: Mises.org/HAP399c
[embedded content]
Read More »
Read More »