Category Archive: 6b) Austrian Economics
Help Us Give Scholarships for AERC!
This month, we will host the Austrian Economics Research Conference (AERC), one of our most important programs. We’ll have thirty-one students attending, and nineteen students will deliver papers of their own. How encouraging!
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Central Banks and Housing Finance
Although manipulating housing finance is not among the Federal Reserve’s statutory objectives, the U.S. central bank has long been an essential factor in the behavior of mortgage markets, for better or worse, often for worse.
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A Circus of Errors
When Nvidia reported high fourth quarter earnings for 2023 in February 2024, it sparked a general rally in stock markets. Stock markets in the United States, Japan, and Europe jumped to all-time highs after a few days of slight declines.
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The American Economy: A House of Cards
Tu ne cede malis, sed contra audentior ito
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Milei Debe DOLARIZAR Urgentemente
#Milei #Argentina #peso #dolarizacion #dolarizar
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The Politician BehindTrump v. Anderson Still Doesn’t Understand Why She Lost
The US Supreme Court released its ruling on Trump v. Anderson this week and unanimously slapped down the Colorado Supreme Court which had tried to disqualify candidate Donald Trump from the Colorado ballot using section 3 of the Fourteenth Amendment to the US constitution.
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Juvenal’s Greatest Poser: “Who Will Guard the Federal Reserve?”
[This article was first published in the New York Sun.]“Who will guard these guardians?” That poser of Juvenal, satirist of Rome, is an immortal question — nowhere more pertinent, though, than in deciding who should oversee the Federal Reserve.
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Smedley Butler Explains the Latest Excuse for American Intervention in Ukraine
Senior Fellow Alex Pollock drew my attention to an important quotation by Smedley Butler: 1935 speech and later a book by Major General Smedley D. Butler (USMC), includes “… A racket is best described, I believe, something that is not what it seems to the majority of people.
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Be on the Lookout for These Lies in Biden’s State of the Union Address
On Thursday evening, President Joe Biden is set to give his third State of the Union address. The political press has been buzzing with speculation over what the president will say. That speculation, however, is focused more on how Biden will perform, and which issues he will prioritize.
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Apartment Bridge Loans Are Collapsing
Stoked by ultra-loose monetary policy from the Federal Reserve, capital markets have been in a persistent bubble for several years. Printing trillions of new dollars and maintaining a zero-interest rate policy (“ZIRP”) was marketed by politicians and bureaucrats as supportive of the “main street economy,” but those trillions were directed primarily towards speculation in capital markets.
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Dissecting Lincoln
Thomas DiLorenzo, the president of the Mises Institute, has already reviewed Paul C. Graham’s Nonsense on Stilts: The Gettysburg Address and Lincoln’s Imaginary Nation (Shotwell Publishing, 2024) in characteristically excellent fashion, but the book is so insightful that some further comments are warranted.
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Reimagining Public Safety – The Case for Privatizing Security
Since the conclusion of World War II, each biennial session of Congress has ushered in a staggering 4-6 million words of additional legislation.
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States Rights and Anti-Interventionism is Rising
Super Tuesday saw Donald Trump sweep all possible state delegates except for the state of Vermont. However, hovering just below the surface were a series of propositions that were voted on by the Texas Republican Party. Various propositions touched on topics of gold as legal tender, border security, and school choice, but the most interesting was Proposition 6. Proposition 6 reads as follows: “The Texas Legislature should prohibit the deployment of...
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Video: Alex Pollock Chairs a Panel Discussion on “Better Money: Gold, Fiat, Or Bitcoin?”
Video: Mises Institute Senior Fellow Alex Pollock moderates a panel discussion on Lawrence White's new book Better Money: Gold, Fiat, Or Bitcoin?. The event is sponsored by the Federalist Society. White delves into the timely debate surrounding alternative currencies amidst the backdrop of constant inflation in the fiat currency world. Better Money explains and analyzes gold, fiat dollars, and Bitcoin standards to evaluate their relative merits...
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¿MERITOCRACIA? La palabra que el SOCIALISMO quiere DESTUIR
#meritocracia #psoe #pedrosánchez #españa
Las razones por la que el socialismo rechaza la meritocracia.
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Getting the Great Depression (Almost) Right — And Totally Wrong
There are others, besides the Austrians, who acknowledge the crucial role of monetary policy and even blame the Federal Reserve for the Great Depression.
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Covid Showed Us Who Really Rules America
This month marks the fourth anniversary of one of the most disastrous assaults on human rights in American history. It was on March 16, 2020 that the President Trump issued "guidelines" for "15 days to slow the spread" which stated that "Governors of states with evidence of community transmission should close schools in affected and surrounding areas." The administration instructed all members of the public to...
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Krugman: Low Unemployment Causes Inflation, Not Monetary Expansion
In an article in the New York Times on March 27, 2018, Paul Krugman argues that economists who believe increases in money supply cause inflation are wrong. According to Krugman, the key factor that sets inflation in motion is unemployment. While a decline in the unemployment rate is associated with an increase in the rate of inflation, an upsurge in the unemployment rate is associated with a decline in the rate of inflation.Krugman believes...
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Self-Deception on Social Security
The leftist website Counterpunch has published an article today entitled “Millionaires Stopped Contributing to Social Security on March 2, 2024.” The thrust of the article is that once someone reaches an income of $168,600, “they stop paying in.”
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