Category Archive: 6b) Austrian Economics
Battling Beasts and Bureaucrats: Naomi Wolf and the American Medical-Government Police State
Naomi Wolf has taken on the American medical bureaucracy for its lies and malpractice in dealing with covid.
Original Article: Battling Beasts and Bureaucrats: Naomi Wolf and the American Medical-Government Police State
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Is This America? Cops, Criminals and the Bombing of Philadelphia
This article was originally published in Libertarian Outlook (vol. 1, no 1, August 1985). This was the only issue of the magazine that was ever published. Permission was granted by Eric Garris, one of the original coeditors, to reprint this article on mises.org.
Libertarians have devoted so much time and energy to the important cause of repealing laws against victimless “crimes” that we have tended to neglect an equally important social problem:...
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Ten Years Ago, I Discovered the Mises Institute. These Are the Things I Wish I Had Done Differently
Quit College—or Better Yet, Don’t Even Start
When I was in university a decade ago, this was some wacky, contrarian advice. It wasn’t unheard of for intellectual, middle-class youngsters to opt out of college, and it was still the early days of efforts like Praxis, but realistically there didn’t seem to be any alternatives. So, I went to university because that’s where you learn things and become a grown-up . . . or something.
These days, half of...
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Federal Flood Insurance Drains Taxpayers
Federal flood insurance was created ostensibly to provide insurance to people who live in flood-prone areas. Not surprisingly, it subsidizes bad home-building decisions and wastes billions of dollars.
Original Article: Federal Flood Insurance Drains Taxpayers
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From the Invisible Hand to the Invisible Sleight-of-Hand
Why are we using state money instead of market money? Put another way, why can’t we select the money we want to use? Cryptocurrencies are a market alternative, but they haven’t put state money out of business yet. If they ever threaten to do so, the state can prohibit them.
Market money is sound because of two essential features. First, it represents the market’s choice of a universally accepted medium of exchange, and second, it shackles...
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LA MENTIRA DEL RÉCORD DE EMPLEO
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LATINOAMÉRICA INFECTADA DE POPULISMO
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Reason versus Emotion in Economics: A Praxeological Response
The field of behavior economics downplays the role of purposeful praxeology in economics. Austrian economics does not make that error.
Original Article: Reason versus Emotion in Economics: A Praxeological Response
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No Monetary or Political Bailouts for Belt-and-Road Initiative Debtors
The countries have changed, but the story remains the same. Wealthier countries try to “invest” by lending money to African regimes, where the money disappears. This time, China is the big lender.
Original Article: No Monetary or Political Bailouts for Belt-and-Road Initiative Debtors
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MÁS LIBERTAD Y MENOS INTERVENCIONISMO, Mi Charla en Andorra Economic Forum 2023
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Cut through the Media Noise, and Remember the Economic Priorities
Modern prosperity is astonishing, but it can quickly disappear if our monetary unit fails. We need to keep up the fight for sound money.
Original Article: Cut through the Media Noise, and Remember the Economic Priorities
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Seed Corn and Dry Powder
On this week's episode, Mark looks at the financial condition of the government and of American citizens on the cusp of the next recession. The financial condition of the United States Treasury, the Federal Reserve, and the American citizenry is weak; debt is high and rising, and this is very worrisome in an economic environment of rising interest rates and a weakening global economy. Please share this episode with a curmudgeon.
The U.S. Debt...
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Bad, Worse, Worst: The Misguided Perfectionism of Gavin Newsom
My grandfather used to sing to me, “Good, better, best / never let them rest / till the good is better / and the better is best.” I appreciated that lesson and have been applying it to try to make sense of a recent bill signed by California governor Gavin Newsom. While the bill may be the result of Newsom’s grandfather singing to him about “bad, worse, and worst,” I have determined it is more likely a case of bad/worse/worst economic thinking. It...
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Sovereign Debt is Eating the World
Sovereign debt is eating the world. Lining up a financial crash that could make 2008 look like a picnic.
How did we get here?
In short, governments and central banks deluded themselves into thinking that unlimited deficit spending financed by unlimited money printing won't do what they've done for literally millennia -- plunge the economy into stagflation.
They are, of course, wrong. And we're seeing the catastrophe unfold before our eyes.
From...
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The Eurozone Disaster: Between Stagnation and Stagflation
The eurozone economy is more than weak. It is in deep contraction, and the data is staggering.
The eurozone manufacturing purchasing managers’ index (PMI), compiled by S&P Global, fell to a three-month low of 43.1 in October, the sixteenth consecutive month of contraction. However, European analysts tend to ignore the manufacturing decline using the excuse that the services sector is larger and stronger than expected, but it is not. The...
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How Statism Leads to War
Mises' work explains how laissez-faire economies have incentives to be peaceful with each other, and how, inversely, tariffs and protectionism create isolation, instability, and war. His words are especially prescient today as conflicts rage and tensions between superpowers continue to rise—mirroring the rise in state power across the globe.
Dr. Jonathan Newman joins Bob to break down the history of warfare, how states fund war, and why war is more...
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The Dollar See-Saws between Two Views on Fiscal Explosion
As the Biden administration ramps up new government spending—and budget deficits—to unheard-of peacetime levels, reality sets in. No economy and no currency can withstand this explosive assault for very long.
Original Article: The Dollar See-Saws between Two Views on Fiscal Explosion
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What the Technocrats Call “Economic Stability” Is Really Just Inflation
There’s a growing palpable sense of optimism among many economists and journalists that the United States economy is heading toward a growth phase while avoiding recession. They are in turn lauding the Federal Reserve for its strategic handling of inflation—with economic growth and low unemployment rates—as well as praising the efficacy of the Biden administration in reining in prices through social pressure on profit-making and through increases...
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Dirk Müller: „Wenn noch immer Menschen in Deutschland frieren….“
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Exposing Our Fed-Driven Bubble Economy
The Great Money Bubble: Protect Yourself from the Coming Inflation Stormby David A. StockmanHumanix Books, 2022; 229 pp.
David Stockman served for a short while as budget director during Ronald Reagan’s first term as president, but he soon resigned owing to Reagan’s refusal to cut government spending. He has since that time worked as a private investment adviser, at which difficult profession he has been highly successful, and he has written a...
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