Category Archive: 6b) Austrian Economics

Peaceful Market Exchange—Not Politics—Harnesses the Value of Diversity

That there are inherent benefits in diversity is a common article of faith in our democratic/populist times. We hear it in and about universities, businesses, politics, entertainment, etc. Typically, though, we hear about it in terms of forcing more diversity on those whose diversity in a particular dimension doesn’t measure up to someone else’s arbitrary standard.

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Jeff Deist: The Tom Woods Interview

TOM WOODS: This is the Tom Woods Show, and today I welcome Jeff Deist. Everybody wants to know the sheer nuts and bolts of how somebody becomes Ron Paul’s chief of staff. I’ll tell a little story most people don’t know. About ten years ago, Dr. Paul was approached about doing an autobiography; he would have gotten a huge advance. There was big demand for it!

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Why “One Man, One Vote” Doesn’t Work

The US Senate is increasingly targeted by left-wing think tanks and legislators for the fact it is based on "voter inequality." According to critics, the Senate ensures small states are "overrepresented,"and the body favors voters in smaller and more sparsely populated states. In contrast,  reformers  hold up the concept of "one man, one vote" as an ideal and a solution.

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Outlook on the Global Economy, the Phase One Trade Deal and Brexit EkoTurk TV Interview (English)

Please subscribe to my channel and place your comments below. Follow my website to read all my articles: www.dlacalle.com/en Twitter: @dlacalle_IA

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The Majority of Virginia Homicides Come from only Two Metro Areas

In most times and places, crime tends to be a highly localized phenomenon. I have covered this for Mises.org at the national level, pointing out that homicide rates in, say, the Mountain West and New England are far lower than homicide rates in the Great Lakes region or the South. Gun-control laws clearly don't explain these differences, since many places with rock-bottom homicide rates such as Idaho and Maine also have few controls on private gun...

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Negative interest rates have cost Swiss banks CHF8 billion

Swiss banks have been forced to fork out CHF8 billion ($8.3 billion) in negative interest fees since the Swiss National Bank (SNB) imposed its policy in 2015. Last year saw the heftiest annual bill of CHF2 billion, according to research from German company Deposit Solutions.

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Money, Inflation, and Business Cycles: The Cantillon Effect and the Economy

Abstract: Austrian economists hold that money matters a great deal in concrete terms in the immediate short run and has permanent long-run effects. Sierońs book investigates the Cantillon effect, which indicates that money is not neutral because inevitabily it is injected unevenly, creating economic distortions. These distortions are important to the long run and the Austrian theory of the business cycle.

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Die Währungsgeschichte der Deutschen. Ein Trauerspiel in fünf Akten

Vortrag von Thorsten Polleit auf der ef-Jahreskonferenz, Usedom, 18. Januar 2020.

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ESTABILIZACIÓN – No Cambio De Tendencia

Suscríbase a mi canal y deje sus comentarios. Mi página web con todos mis artículos y entrevistas: www.dlacalle.com Twitter: @dlacalle

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Stabilization Is Not A Change Of Trend

Please subscribe to my channel and leave your comments in the section below. My website: dlacalle.com/en Twitter: @dlacalle_IA

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Ep. 5164 – Ryan McMaken on America’s Petrodollar Addiction – 1/17/2020

Ryan McMaken discusses his recent articles for the Mises Institute about the future of U.S. dollar hegemony. He walks us through the dollar’s history as global reserve currency, which began in the mid 20th century as an alternative to a direct gold standard. Still, the dollar was redeemable for gold in theory, until Nixon suspended …

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Chapter 11. Shays’ Rebellion | Murray N. Rothbard

Excerpted from the audiobook version of Murray Rothbard’s ‘Conceived in Liberty, Volume 5: The New Republic: 1784–1791’. Edited by Patrick Newman (Mises.org/PNewman) and narrated by Millian Quinteros (Millian.com). Thanks to generous Mises Institute donors, this audiobook is available for FREE download: Apple Podcasts: https://podcasts.apple.com/us/podcast/conceived-in-liberty-volume-v/id1495688124 Googe Play:...

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Luck and Taxes

“Luck egalitarianism” is a philosophical fad, and in the past I have had some characteristically unkind things to say about it. I’d like today to discuss a new argument that concerns luck and government. The economist Robert H. Frank says in Under the Influence, Because successful people often fail to appreciate the importance of seemingly minor random events in life, they tend to develop an exaggerated sense of entitlement to the enormous material...

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California’s Anti-Self-Employment Law Is Already Crushing Freelancers

In 1971, Isaac Asimov wrote an extraordinary novel, The Gods Themselves, about a machine that generates unlimited energy for free, defying the fundamental economic principle known as scarcity. It is later learned that the Electron Pump is originating from a hole in space that connects parallel universes. Doomsday is nigh as it is discovered that galaxies will soon be destroyed and that the sun will metastasize into a supernova. The crux of the...

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Investing in crypto the sound way!

I have long been fascinated by the far-reaching consequences and the great potential of the wave of new technologies and ideas that emerged with the crypto revolution. While most of us first came into contact with these concepts in 2017, this tectonic shift that is only just beginning has been in the making for nearly a decade. Now, we begin to see the basic ideas and tools take shape and give rise to endless exciting possibilities that can affect...

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The Prospects for a Sound-Money Revolt against the Dollar and Euro

In the last decade, the combination of virulent asset price inflation and low reported consumer price inflation crippled sound money as a political force in the US and globally. In the new decade, a different balance between monetary inflation’s “terrible twins” — asset inflation and goods inflation — will create an opportunity for that force to regain strength.

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How Do We Calculate Value?

[From Socialism: An Economic and Sociological Analysis, by Ludwig von Mises, pp. 113–22.] All human action, so far as it is rational, appears as the exchange of one condition for another. Men apply economic goods and personal time and labour in the direction which, under the given circumstances, promises the highest degree of satisfaction, and they forego the satisfaction of lesser needs so as to satisfy the more urgent needs. This is the essence...

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How I Bamboozled Thousands of Conservatives into Thinking Like Anarchists | Robert P. Murphy

Presented at Mises University 2007 at the Mises Institute in Auburn, Alabama. Robert P. Murphy (Mises.org/Murphy) is a Senior Fellow with the Mises Institute. He is the author of many books. His latest is ‘Contra Krugman: Smashing the Errors of America’s Most Famous Keynesian’. His other works include ‘Chaos Theory’ (Mises.org/ChaosTheory), ‘Lessons for the Young …

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Egalitarianism as a Revolt Against Nature | Murray N. Rothbard

Includes an introduction by Lew Rockwell. Recorded on April 12, 1991, at the Mises Institute’s “Egalitarianism and the Free Society” conference in Princeton, New Jersey.

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US Debt Makes Us Dependent on Petrodollars — and on Saudi Arabia

The Iranian regime and the Saudi Arabian regime are longtime enemies, with both vying for control of the Persian Gulf region. Part of the conflict stems from religious differences — differences between Shia and Sunni muslim groups. But much of the conflict stems from mundane desires to establish regional dominance.

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