Category Archive: 6b) Austrian Economics

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The Welfare State Prolongs Recessions

2024-03-12

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2024-03-12

Many economic pundits predict that the United States and much of the world is either in a recession or about to enter one, depending upon one’s definition of the term “recession.” This brief essay is not intended to be a comprehensive explanation of what causes such economic cycles but rather the proper way to end them as quickly as possible.

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Biden’s “Nighttime in America” State of the Union

2024-03-12

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2024-03-12

Last week President Biden delivered a dark and angry speech meant to convince the low percentage of Americans who still feel positive about his presidency that everything is fine and will only get better if he is re-elected for a second term.Unfortunately we have come a long way from the optimism of a Ronald Reagan, who won a second term partially on the popularity of his “Morning in America” campaign commercials.

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Roland Fryer’s Battle Against the Woke Left

2024-03-12

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2024-03-12

Leftwing academics claim that blacks in America are oppressed. They call for reparations and affirmative action programs to help them. But these people are hypocrites and liars. How do we know this? When a black person doesn’t share their views, they act ruthlessly.

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No Such Thing as a Neutral Fed

2024-03-12

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2024-03-12

If one follows news relating to the economy, they surely have come across certain mainstream rhetoric in support of the Federal Reserve System. Everyone is familiar with the typical claims that the Federal Reserve strives for maximized employment and low inflation, and that the Fed is the regulator of the banking industry.

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Los Mejores Discos de ROCK en DIRECTO (ft. Tony Hernando)

2024-03-11

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#vinilo #rock #discos Sigue a Tony Hernando @TonyHernando https://tonyhernando.com/ https://www.lordsofblack.com/ 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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Das Geheimnis der Börse… #thorstenwittmann #finanziellefreiheit #börse #finanzielleintelligenz

2024-03-11

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Clarifying Scarcity: The Garden of Eden

2024-03-11

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2024-03-11

One of the first laws of economics—in fact, the condition that makes economics possible and necessary—is scarcity. On page one of Basic Economics, Thomas Sowell wrote, “Without scarcity, there is no need to economize—and therefore no economics.”While defining scarcity and its critical role in economics, I like to ask my students in a Christian school a question to tease this out: Would scarcity have existed in the Garden of Eden?

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The Folly of Rent Control in New York City (Again)

2024-03-11

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2024-03-11

One would guess the folly of rent control regulations needn’t be explained any further. If rents are held in place by government edict, landlords have no incentive to maintain apartment units to attract renters, the housing stock ultimately deteriorates, and homelessness increases.

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Separating Information from Disinformation: Threats from the AI Revolution

2024-03-11

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2024-03-11

Artificial intelligence (AI) cannot distinguish fact from fiction. It also isn’t creative or can create novel content but repeats, repackages, and reformulates what has already been said (but perhaps in new ways).I am sure someone will disagree with the latter, perhaps pointing to the fact that AI can clearly generate, for example, new songs and lyrics.

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Junk fees, Shrinkflation, Surge Pricing and Other Legal Price-setting Strategies: Price Controls by Another Name

2024-03-11

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2024-03-11

President Biden needs an economics lesson. Demonstrating his ignorance of economics, his recent State of the Union speech regaled us with a laundry list of legal business pricing strategies that he wants to see restricted or banned by federal agencies such as the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC). 

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BITCOIN Y ORO: Reservas de VALOR (con Gustavo Martínez)

2024-03-10

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#bitcoin #oro #mercados #daniellacalle #inversión 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 saludo!

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Why American Foreign Policy Fails

2024-03-10

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2024-03-10

One thing to be said in favor of the American conservative establishment is the fact that they at least pay lip service to the idea of a free market. They have also memorized the typical talking points in its defense, including the greater prosperity it provides, the morality of private property, and the impossibility of successful central planning.

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Die Ökonomie der Unentgeltlichkeit

2024-03-10

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2024-03-10

The Misesian (TM): Die wirtschaftlichen Mechanismen des Schenkens und der Wohltätigkeit waren lange Zeit ein vernachlässigtes Thema in der volkswirtschaftlichen Lehre und Forschung. Was hat Ihre Untersuchung zu diesem Thema veranlasst?

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Free Trade

2024-03-09

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2024-03-09

In this week's episode, Mark examines Ludwig von Mises's important contributions to free trade theory. Free trade is more important than people think, and most government intervention is protectionist—or aids the promoters of protectionism.

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Golden Opportunities Ahead

2024-03-09

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2024-03-09

In this week's episode, Mark looks at the opportunities ahead of us for significant reforms and dismantling the State. Increasingly, more people realize that the government has been lying to them and working against their interests. Many also realize that Austrian economists, in contrast with Mainstream economists, have been presenting the true picture of the State. The political landscape has already shifted—and continues to shift—beneath the...

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Free Markets and the Antidiscrimination Principle

2024-03-09

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2024-03-09

If we understand human rights as rights derived from the concept of self-ownership, it becomes clear that there is no such right as the right not to be discriminated against. I have a right to speak but no right to force others to listen to me or to “amplify” my voice. I am at liberty to go about my lawful business, but I have no right to force others to watch me or recognize me, much less to demand that anyone should take action to make me “feel...

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The Economics of the AI Revolution

2024-03-09

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2024-03-09

In a recent article, we briefly summarized what it is that we today call artificial intelligence (AI). Whereas these technologies are certainly impressive and may even pass the Turing test, they are not beings and have no consciousness.

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Grover Cleveland: The Last Good Democrat

2024-03-09

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2024-03-09

After the War to Prevent Southern Independence and the assassination of Lincoln the federal government was said to possess a "treasury of virtue." The Republican Party, which was the federal government, with a decades-long monopoly of power rivaled only by the Bolsheviks in Russia, made sure that the government-run schools would preach this Virtuous State Philosophy to generations of school children.And what did the Party of Virtue do with its...

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El SALVADOR Gana MILLONES con BITCOIN

2024-03-08

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La prensa cuestiona la apuesta de El Salvador mientras ignora la destrucción de otras monedas. 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 saludo!...

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Not Altogether Honest Abe

2024-03-08

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2024-03-08

Lincoln’s God: How Faith Transformed a President and a Nationby Joshua ZeitzViking, 2023; 313 pp.Joshua Zeitz, a contributing writer to Politico, has written a very useful book. It belongs to an increasingly common genre: books that are very favorable to Abraham Lincoln, in some cases approaching a deification of him, which nevertheless present material that show Lincoln in a less-than-flattering light.

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