Category Archive: 6b) Austrian Economics

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President Joe Biden’s Decision to Posthumously Pardon Marcus Garvey

2025-02-24

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2025-02-24

President Joe Biden’s decision to posthumously pardon Marcus Garvey has been met with widespread acclaim in the United States and across the global black diaspora. Garvey is revered as an iconic black nationalist and Pan-Africanist thinker, celebrated for his vision of racial uplift and economic self-sufficiency. However, his legacy is far more complex than the hagiographic portrayals suggest. Rather than echoing the usual fawning sentiments, this...

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Faculty Spotlight—Tate Fegley

2025-02-24

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2025-02-24

The Misesian: Dr. Fegley, you were a Mises University student and a repeat Mises Research Fellow. Can you speak to the influence that had on your academic career?Tate Fegley: My first Mises U was back in 2010, between my junior and senior years at Boise State, and it had a big effect on me. I wish I had done it sooner, since it connected me with other Austrians at Boise State for the first time.In 2015, the summer before my second year of my...

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Do We Need a New English Translation of Marx’s Capital?

2025-02-24

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2025-02-24

Capital: Critique of Political Economy, Vol. 1 Edited by Paul Reitter and Paul NorthTranslated by Paul ReitterPrinceton University Press, 2024In September, Princeton University Press released a new English translation of the first volume of Capital. The editors, Paul Reitter and Paul North, tell us that the new translation is the product of five years’ labor. In this review, I’d like to ask what I am sure they would regard as an impertinent...

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Private Business and State Power in an Age of Bailouts, Censorship, and Easy Money

2025-02-24

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2025-02-24

The Misesian: Unfortunately, we live in an age of a “mixed economy” and “regulated capitalism.” This means that the private sector and the government sector are mixed together, and it’s not always clear where the state ends and the private sector begins. How can we determine if a private company is a true partner of the state— truly benefiting from state power—or if the private company is really a victim of the state?Robert P. Murphy: Let me say at...

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The Misesian, vol. 2, no. 1, 2025

2025-02-24

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2025-02-24

On the night of the Boston Tea Party in 1773, American insurrectionists donned disguises and destroyed a shipment of tea imported by the East India Company. The protestors boarded privately owned ships in the harbor and threw the tea overboard. Later that night, the activists discovered another tea shipment that had been unloaded at a warehouse. Not content with having destroyed most of the company’s import, they broke into the warehouse and...

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Cronyism in America

2025-02-24

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2025-02-24

How many times have you seen a politician, businessman, union, or activist group clamoring for the government to do something on the grounds that it will improve the public weal? “We need higher minimum wages to benefit the working class,” a union official says. A Rust Belt politician claims, “Higher tariffs on steel goods protect American manufacturing and create jobs.” An American Medical Association spokesperson declares, “The government has a...

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TOM HANKS HACE EL RIDÍCULO CONTRA MAGA

2025-02-23

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Tom Hanks insulta a 77M de votantes de Trump en un sketch ridículo y sin gracia. Arrogancia y sectarismo puro. 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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The Fed, With No Earnings, Is Taking Us on a Magic Carpet Trip

2025-02-23

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2025-02-23

Most Americans realize that our federal government has, in recent decades, spent so recklessly that it runs ever-increasing annual federal budget deficits (currently nearly $2 trillion) and now sits on over $36 trillion in outstanding federal debt. This spending—overseen by Congress and the Executive branch—has been profligate since the 1960s Great Society, wars in Vietnam and the Middle East, the 2008-09 financial crisis, the ongoing Obamacare...

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China’s Navy Has a Terrifying Numbers Advantage

2025-02-23

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While US spends billions per ship, China mass produces them. The real threat is quantity vs quality #China #Navy #Defense

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¡INCREÍBLE! 100 MIL MILLONES DE DÓLARES EN FRAUDE DE SEGURIDAD SOCIAL

2025-02-22

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Fraude masivo en EE.UU.: 12M de personas de 120 años cobrando pensión y $100B en gasto injustificado. 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...

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The United States Needs a Spending Chainsaw

2025-02-22

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2025-02-22

The latest figures published by the Department of Government Efficiency (DOGE) are staggering. $75 billion saved in two weeks. Some of the items they have slashed are astonishing, including payments to transgender musicals in Ireland, DEI in Serbia, or decolonization of curriculum vitae. This is a two-week result, so it should be applauded. However, there is a lot more that needs to be done.The Congressional Budget Office (CBO) estimates that the...

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China Kills Every Industry It Touches

2025-02-22

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From $2 t-shirts to tech - how China's manufacturing strategy impacts global markets. #China #Manufacturing #Trade

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Old Payola keeping new IT systems from being implemented by the government!

2025-02-22

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Time to modernize our Treasury!

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The Human Trend

2025-02-22

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2025-02-22

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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EL PLAN DE TRUMP PARA ACABAR CON LA INFLACIÓN

2025-02-21

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La inflación en EE.UU. subió por el gasto descontrolado de Biden, que imprimió dinero y destruyó el poder adquisitivo. Trump tiene un plan. 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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Trump’s Master Plan: How Russia Lost Everything | George Friedman

2025-02-21

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Sign up for my free newsletter here: https://www.mauldineconomics.com/go/JM563W/YTB If you feel like the world order is being rearranged, you’re right. It is, and quickly. Settlement discussions about Ukraine began this week in Saudi Arabia—without Ukraine. Renowned forecaster George Friedman, founder of Geopolitical Futures, helps us break down these important signals. The US no longer has an interest in prolonging or funding this war. We are...

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Just War and Lost Cause Mythology

2025-02-21

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2025-02-21

Rothbardian libertarianism upholds liberty as an ethical and moral standard, and for this reason it is often criticized for being idealistic and utopian. Addressing this critique, Duncan Whitmore argues that the mere fact that we live in a statist society, in which all our liberties are under siege does not mean the fight for liberty is a lost cause. His point is that “the seeming remoteness of victory today does not mean that victory will never...

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Why the Bureaucracy Keeps Getting Bigger

2025-02-21

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2025-02-21

[This article is adapted from “Bureaucracy and the Civil Service in the United States.”]Bureaucracy is necessarily hierarchical, first because of the Iron Law of Oligarchy, and secondly because bureaucracy grows by adding more subordinate layers. Since, lacking a market, there is no genuine test of “merit” in government’s service to consumers, in a rule-bound bureaucracy seniority is often blithely adopted as a proxy for merit. Increasing...

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Revisiting James Burnham

2025-02-21

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2025-02-21

Neoconservatism was born out of former Trotskyites that became anti-Communists at the end of the Second World War. After the campus protests and student movements of the late 1960s and early ‘70s, their repulsion to the waving of the Little Red Books and protests at Ivy League schools shifted these New Deal Truman Democrats into the hands of the Republican Party. There, early neoconservatives like Irving Kristol and Norman Podhoretz made the...

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Shrimp on Treadmills?

2025-02-21

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That is your US Tax Dollars

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