Category Archive: 6b) Austrian Economics
Government Agencies Exploit Data Brokers as End-Around to Legal Restrictions
Data is sometimes referred to as today’s most valuable commodity. Given the technologically focused world around us, data is generated with almost everything we do or consume, whether you use Apple Pay to purchase goods from a retail outfit or use a credit card for your Uber Eats order. It is, in other words, largely unavoidable to create a digital footprint. This continuously produced data is often monitored, retained, repackaged, and resold to...
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Hamas, Israel, and the Collapse of the Fiat Global Order
This past weekend, the world witnessed absolute barbarism play out as Hamas agents brutally targeted Israeli civilians. The State of Israel, suffering from a historic failure to protect its residents, has predictably responded with major military operations in the Gaza strip. The result is a growing regional conflict fueled by historic feuds beyond the scale of traditional geopolitical considerations.
Add to this the ongoing war in Ukraine, a...
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The Central Bank Policy Interest Rate vs the Natural Rate
While central banks use administered interest rates in hopes of emulating the natural rate, these efforts are always going to fail. Without free markets, there is no natural rate.
Original Article: The Central Bank Policy Interest Rate vs the Natural Rate
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How the Fed Undermines Prosperity
The term “roundabout” is not normally associated with efficiency, unless you’re an economist. Yet roundabout methods—when applied to production—are the key to prosperity.
Eugen von Böhm-Bawerk, the great Austrian economist of the late nineteenth and early twentieth centuries, provided examples illustrating how this idea works. Consider a farmer whose source of drinking water is some distance from his house. Whenever he gets thirsty, he can go to...
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The Regime Plans More for Us Than Just Hillary Clinton’s “Deprogramming” Demands
This week, Hillary Clinton publicly proposed “formal deprogramming” for MAGA enthusiasts, piling on a repeated President Biden theme of trying to deal with “an extremist movement that does not share the basic beliefs of our democracy. The MAGA movement.”
The nation recently discovered that the FBI has a new “MAGA Extremist” category. All this hard work by government is aimed at “preserving democracy.” Clinton is particularly concerned about the...
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Dollarization Puts Foreign Economies at the Mercy of the US Regime
Some free-market advocates are pushing for dollarization in Argentina. But the devastating US sanctions against Panama in 1989 show us how dollarization helps the US exercise more hegemonic power over foreign economies.
Original Article: Dollarization Puts Foreign Economies at the Mercy of the US Regime
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¿POR QUÉ EL SOCIALISMO QUIERE DESTRUIR LA CLASE MEDIA?
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Why Must Supply Precede Demand? Understanding Economic Foundations
In the market economy, wealth generators do not produce everything for their own consumption. Part of their production is used in exchange for the produce of other producers. Hence, in the market economy, production precedes consumption.
This means that something is exchanged for something else. This also means that an increase in the production of goods and services sets in motion an increase in the demand for goods and services.
According to...
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The Left Is Now Telling Us (Ukrainian) Nazis Aren’t So Bad After All
Members of the Canadian Parliament recently applauded a Ukrainian member of the Nazi Waffen-SS during World War II. Apparently, it's now okay to be a Nazi so long as you're fighting the Russians.
Original Article: The Left Is Now Telling Us (Ukrainian) Nazis Aren't So Bad After All
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Is It Just War or Unjustified Slaughter of Innocents?
Saturday the world was rocked by the outbreak of war in southern Israel as Hamas fighters crossed out of Gaza, taking hostages and killing Israeli civilians. The political leader of Hamas says the attacks were in response to the Israeli treatment of Palestinians at the al-Aqsa Mosque last week. But other reports indicate that the attack was planned for weeks with the help of the Iranian government and was meant to mark the fiftieth anniversary of...
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Gold for the people
At the end of September, a very interesting story made the rounds in the media and caught my attention. Apparently, the US big box giant Costco added one rather surprising product to its range and it proved immensely popular. Next to humongous multipacks of cereal, buckets of peanut butter, mattresses and air fryers, customers were offered the opportunity to throw a gold bar in their carts as well.
Selling like hotcakes
According to a...
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Mark Thornton Explains the Yield Curve, “Soft Landings,” and Today’s Bubble Economy
[In recent months, Senior Fellow Mark Thornton has been covering today's economy in detail in his Minor Issues podcast, so we asked him some questions about where the economy is headed now.]
Mises Institute: You’ve become notable for the idea of the “skyscraper curse,” which is an illustration of how an inflationary economy can lead to more and more gargantuan construction projects. The projects keep getting bigger (and taller) until the bust...
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Haiti May Have Won Independence, But It Is Not Independent of Chaos and Poverty
Haiti famously won its independence from France during a slave revolt, but being independent has not brought political stability or prosperity. Instead, Haitians struggle to get by in the Western Hemisphere's poorest country.
Original Article: Haiti May Have Won Independence, But It Is Not Independent of Chaos and Poverty
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DOS BILLONES DE DEUDA. ESPAÑA EN QUIEBRA
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Spending More Taxpayer Money on Foreign Policy Boondoggles Has Solved Nothing
Whether you’re a conservative or libertarian, the notion of government shutdowns is no longer an alien concept considering that Washington managed to add a whopping $1 trillion to the gross national debt in a matter of three months—a large percentage coming from interest expenses alone. Another record for our national debt has been broken again, with $275 billion added onto the national debt in a single day.
How we solve this issue is a question...
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Dirk Müller – Drohender Flächenbrand im Nahen Osten – Gewalt wurde noch nie mit Gewalt beendet!
👉 𝐀𝐥𝐥𝐞𝐬 𝐯𝐨𝐧 𝐂𝐚𝐬𝐡𝐤𝐮𝐫𝐬 𝐟ü𝐫 𝟏€ 𝐭𝐞𝐬𝐭𝐞𝐧 ►► https://bit.ly/Cashkurs_1
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Krieg in Israel Palästina nur Fake? 7 Dinge, die aktuell irgendwie „vergessen“ werden
Der Konflikt zwischen Israel 🇮🇱 und Palästina 🇵🇸: Hintergründe, Fakten und mögliche Konsequenzen
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Israel und Palästina - 7 Dinge, die aktuell nicht diskuttiert werden
Im heutigen Sondervideo werden wir uns mit dem aktuellen Konflikt in Israel und Palästina beschäftigen und sieben Aspekte beleuchten, die in der aktuellen...
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Can We Find a Basis for Private Property Rights?
While Murray Rothbard believed that self-ownership formed the basis for private property rights, other philosophers disagree.
Original Article: Can We Find a Basis for Private Property Rights?
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How To Prevent the Boom-Bust Business Cycle
I recently wrote about how the Federal Reserve has made the economy of the United States much worse than it would have been without their bureaucratic central planning over the past century.
While the Fed’s disastrous track record is widely acknowledged even by Fed apologists, they point out that life was not perfect before the Fed either. They correctly note that there were business cycles before the creation of the Fed. So, even though inflation...
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Get the US Out of the Middle East
The ongoing conflict between the state of Israel and Hamas escalated considerably on Saturday. A group of armed fighters—presumably of Hamas—broke through the Gaza-Israel border barrier and launched what is sure to be a short-lived invasion of southwestern Israel.
At least 700 Israeli citizens—most of them apparently civilians—were killed, and more than one hundred were taken hostage. The Israeli state quickly retaliated with widespread bombing of...
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