Category Archive: 6b) Austrian Economics
The USS Liberty and America’s Greatest “Ally”
The recent destruction of the Syrian regime, replaced by Islamists and Jihadists, reminds us that the American foreign-policy establishment in Washington continues to do the bidding of the State of Israel which exerts its influence through one of the most well-funded and extensive lobbying efforts Washington has ever known. The surreptitious alliance of terrorist Syrian Rebels, Israelis, and Americans, is just the latest manifestation of this...
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No, A Continuing Resolution Is Not a Stopgap
Congress recently passed a “continuing resolution” to avoid a government shutdown. We are good to go now. Government agencies may continue to operate while Congress tries to agree on the actual budget for the 2025 fiscal year that started on October 1st.A continuing resolution (CR) is commonly called a “stopgap.” In fact, a Google search yields almost no other modern uses of the term. But is “stopgap” an appropriate term for this thing?Modern...
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EL RIESGO DE APOSTAR CONTRA EL MERCADO
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Provoked: The Long Train of Abuses that Culminated in the Ukraine War
[Provoked: How Washington Started the New Cold War with Russia and the Catastrophe in Ukraine, by Scott Horton, The Libertarian Institute, 2024; 690 pp.]“A fox knows many things, but a hedgehog knows one big thing.” Scott Horton is the liberty movement’s foreign policy hedgehog, endeavoring to convince the American public of one essential truth: the folly of war. But within that sphere, Horton is a fox, weaving an encyclopedic knowledge of various...
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Hunter Biden Is Evil—and So Is Joe
The unusually extensive “pardon” by lame-duck “President” Biden has been much in the news lately, but the pardon is not the main issue we should be interested in. The real issue is that the Bidens, both father and son, are evil. Hunter’s Biden’s “lost” laptop—which 501 “security professionals” falsely claimed was a Russian fake —reveals warmongering brazen in its duplicity.Concerning the pardon, only this need be said. Of course no one should be...
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“THE BIG BULL MARKET IN GOLD AND SILVER HAS ONLY JUST BEGUN”
DR. THORSTEN POLLEIT (WWW.BOOMBUSTREPORT.COM) INTERVIEWS CLAUDIO GRASS
Thorsten Polleit (TP): On November 5, 2024, Donald J. Trump was elected the new U.S. president with a landslide victory. His declared goal is to take on the “Deep State” and its bureaucracy. His advisor, Elon Musk, is urging the reduction of national debt, and even the inflationary Federal Reserve (Fed) has become a target, described as an evil that must be healed. Is all...
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“THE BIG BULL MARKET IN GOLD AND SILVER HAS ONLY JUST BEGUN”
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DR. THORSTEN POLLEIT (WWW.BOOMBUSTREPORT.COM) INTERVIEWS CLAUDIO GRASS
Thorsten Polleit (TP): On November 5, 2024, Donald J. Trump was elected the new U.S. president with a landslide victory. His declared goal is to take on the “Deep State” and its bureaucracy. His advisor, Elon Musk, is urging the reduction of national debt, and even the inflationary Federal Reserve (Fed) has become a target, described as an evil that must be...
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ZAPATERO DEFIENDE A MADURO, RON PAUL DESTROZA A SOCIALISTA
Blanquean a Maduro: Zapatero lo llama “demócrata”, The View niega el socialismo en Venezuela y comparan con países nórdicos capitalistas.
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The Real Scandal of Hunter’s Pardon
Politicians and pundits spent much of last week commenting on President Biden’s pardon of his son Hunter for lying on a federal gun purchase form, failing to pay taxes, and any other offenses he may have committed over the past decade. Much of the controversy is because President Biden repeatedly pledged that he would never pardon his son.Some have also observed that the pardon’s timeline starts the year Hunter Biden joined the board of the Ukraine...
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The Pretense of Knowledge
[Today is the fiftieth anniversary of Friedrich A. Hayek’s Nobel Prize Lecture, delivered at the ceremony awarding him the Nobel Prize in economics in Stockholm, Sweden, December 11, 1974. This lecture, along with “A Free-Market Monetary system,” can be found here in book form.]The particular occasion of this lecture, combined with the chief practical problem which economists have to face today, have made the choice of its topic almost inevitable....
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Can Trump Save the Dollar?
During his 2024 presidential campaign Donald Trump repeatedly and in grave terms highlighted the possibility of the US dollar losing its world reserve currency status. This occurred at summits with business leaders at the New York and Chicago Economic Clubs.Trump occupies a rather unique position in this debate since he recognizes the real possibility of the dollar losing its world currency status, he opposes this change and wishes to prevent it,...
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Progressivism and the Murder of a Health Insurance CEO
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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The Fight against the Left Is an Ideological One
Unhumans: The Secret History of Communist Revolutions (and How to Crush Them) by Jack Posobiec and Joshua Lisec. Skyhorse Publishing, 2024; 258 pp.With their profoundly mediocre new book Unhumans: the Secret History of Communist Revolutions, Jack Posobiec and Joshua Lisec inadvertently illustrate some of the reasons why conservatives so often fail to counter the ideological victories of the Left. Like so many conservative activists before them,...
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What Modern Economists Can Learn from the Austrian School of Economics
The Austrian School of Economics represents a heterodox methodological approach to economics that significantly differs from the orthodox teachings represented by mainstream economics. The Austrian School’s approach is multidisciplinary, comprising not only economists but also historians, sociologists, jurists, and philosophers who aim to explain social phenomena stemming from human action, which serves as the fundamental pillar of the school....
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There Is No Right to a Minimum Wage
One of the most popular economic fallacies of our time is the belief that the absence of a minimum wage would lead to limitless exploitation of employees in the economy. Minimum wage legislation prevents employees from being hired at pay rates below the mandated amount. Proponents of minimum wage laws claim that not having a minimum wage would lead to employees being paid very little for the amount of work they do. They also claim that everyone...
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From the Editor—November / December 2024
Another national election has come and gone, and like many of our readers, I think the less awful candidate won. After all, a victory for Kamala Harris was likely to be interpreted as an endorsement of the status quo and a “mandate” for more of the same.Unfortunately, though, opposition to the status quo is not the same thing as support for peace, freedom, or free markets. Dissatisfaction with the regime is good, but it’s not enough. We will see...
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CÓMO PROTEGERSE DE LA DESTRUCCIÓN MONETARIA
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Cowboy Cartels and Drug-War Inanity
Having watched the great drug-war Netflix documentaries Narcos and Narcos Mexico and the excellent drug-war drama La Reina del Sur, I wasn’t too interested in watching another drug-war-related series. But when I realized that the Apple TV+ documentary “Cowboy Cartel” revolved around my hometown of Laredo, Texas, where I lived almost half my life and practiced law for 8 years, I couldn’t resist watching it.
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Progressivism and the Murder of a Health Insurance CEO
Last week, UnitedHealthcare CEO Brian Thompson was shot to death on a New York City sidewalk in what was clearly a thoroughly planned-out attack. Over the next few days, as authorities hunted for the killer, online progressives did not try hard to hide their delight that a millionaire health insurance executive like Thompson was killed.Social media was flooded with posts and videos—with different ranges of subtlety—suggesting that Thompson, at the...
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