Category Archive: 6b) Austrian Economics

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The Outrageous Persecution of Julian Assange

2024-03-03

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2024-03-03

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No, “Science” Has Not Proven Mises Wrong on Socialism

2024-03-03

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2024-03-03

Tu ne cede malis, sed contra audentior ito Website powered by Mises Institute donors Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436

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Hubris Runs Rampant at the Fed

2024-03-03

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2024-03-03

Tu ne cede malis, sed contra audentior ito Website powered by Mises Institute donors Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436

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The Prospects of War

2024-03-02

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2024-03-02

Tu ne cede malis, sed contra audentior ito Website powered by Mises Institute donors Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436

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A Principled View of Nations and Nationalism

2024-03-02

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2024-03-02

In Nations by Consent Murray Rothbard draws an important distinction between the nation and the state. While he regards the state as predatory, exploitative, parasitic and criminal, he does not view nations formed by consent as coterminous with the state.

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Central Bank Digital Currencies Are Dangerous and Unnecessary

2024-03-02

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2024-03-02

The main central banks have been deliberating on the concept of introducing a digital currency. However, many citizens fail to grasp the rationale behind it when the majority of transactions in major global currencies are carried out electronically.

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Why the Bubble Economy Isn’t the Real Economy

2024-03-02

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2024-03-02

There is a grand economic fable that has been unfolding over the past two decades, one filled with mythical creatures and great fantasy. The main character of this fable is the grand wizard of the markets, the Federal Reserve.Like all great fables, it starts with magic.

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The Fed Has Busted Housing Bubble 2.0

2024-03-01

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2024-03-01

As Austrian Business Cycle Theory explains, big-ticket capital expenditures are heaving influenced by interest rates, as we discussed here.Since housing is a big-ticket capital expenditure, demand for housing is strongly influenced by interest rates, which makes it an excellent leading indicator of the business cycle.

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The Folly of Federal Reserve Stabilization Policy: Part I 1948-1985

2024-03-01

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2024-03-01

The Federal Reserve Board is responsible for formulating macro stabilization policy. More specifically, the Federal Reserve Board seeks tradeoffs between inflation and unemployment rates. Fed officials need meaningful data to formulate useful policies.

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The Myth of National Defense Spending

2024-03-01

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2024-03-01

Among the most persistent of myths in the sphere of economics is of the supposed benefits of government spending in the economy. Apologists will include government spending in gross domestic product measures, as if government production is truly “productive.”

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Australian Government Blames Grocery Retailers for Inflation

2024-03-01

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2024-03-01

In 2024 the Australian senate is establishing an inquiry into Coles and Woolworths, the two biggest grocery retailers in the country. These two retailers hold a market share of two-thirds of the retail grocery market in Australia.

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The Fed Cannot Cut Rates as Fast as Markets Want

2024-03-01

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2024-03-01

Market participants started the year with aggressive expectations of rapid and large rate cuts. However, after the latest inflation, growth, and job figures, the probability of a rate cut in March has fallen from 39 to 24%. Unfortunately for many, headline figures will support a hawkish Federal Reserve, and the latest comments from Jerome Powell suggest rate cuts may not come as fast as bond investors would like.

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Playing for Kekes

2024-03-01

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2024-03-01

Moderate Conservatism: Reclaiming the Centerby John KekesOxford University Press, 2022; 256 pp.John Kekes, who taught for many years at the State University of New York at Albany, does not agree with the protagonist of Henrik Ibsen’s Brand that “the devil is compromise,” at least where politics is concerned.

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Private property rights under siege 

2024-03-01

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2024-03-01

People invest in gold for many different reasons. Many do so out of concern over economic, monetary or political uncertainty. Others seek a hedge against inflation, a way to protect and preserve the real purchasing power of their savings.

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A Black Man’s Inconvenient Truth: Canceling Racist Historical Omissions

2024-03-01

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2024-03-01

Can a Black man communicate inconvenient truths? One did and a reporter for The Root, a Black on-line magazine, labeled them foolishness. What has he said? Among others, reportedly this: It was Africans who fought wars against Africans and then enslaved the losers.

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Governments Never Give Up Power Voluntarily

2024-03-01

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2024-03-01

[A selection from Liberalism.]All those in positions of political power, all governments, all kings, and all republican authorities have always looked askance at private property. There is an inherent tendency in all governmental power to recognize no restraints on its operation and to extend the sphere of its dominion as much as possible.

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When Ideology Turns Pathological

2024-03-01

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2024-03-01

Aleksandr Solzhenitsyn may be the 1970 Nobel Prize winner for literature, but that does not make his work The Gulag Archipelago enjoyable reading. The detailed description of the methods of torture employed within the Soviet system alone will turn many readers away.

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The End of “Extend and Pretend”

2024-03-01

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2024-03-01

The number of U.S. commercial foreclosures spiked to 635 in January 2024 from a low of 141 in May 2020 reports real estate data firm ATTOM.

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The Fed’s Milkshake Brings All the Foreigners to the Yard

2024-03-01

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2024-03-01

Tu ne cede malis, sed contra audentior ito Website powered by Mises Institute donors Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436

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Who Will Take Care of the Roads? Why, The Coercive, Substandard, and Monopolistic Government Department, That’s Who

2024-02-29

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2024-02-29

The sight of fresh snow is always invigorating to me, so I was happy to wake up the other day to a blanket of snow—roughly three inches—on my yard. I was less happy, though, to see the same blanket still covering the street in my neighborhood.

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