Category Archive: 6b) Austrian Economics

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The Keynesian Liquidity Trap Fable

2024-12-09

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2024-12-09

Many economists wrongly assume economic activity is accurately presented as a circular flow of money. Spending by one individual becomes part of the earnings of another individual; spending by another individual becomes part of the first individual’s earnings.

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SS IDF Is “Liquidating” The North Gaza Ghetto

2024-12-09

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2024-12-09

Israelis and their lickspittles pitch a fit when the language of the Nazi Holocaust is applied to the genocide Israel is perpetrating upon the Palestinians. So here goes:The northern part of the Gaza Ghetto is being “liquidated” (as remarked on October 31). 

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How the Government Created Exorbitant Insulin Prices

2024-12-09

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2024-12-09

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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What Is Consent?

2024-12-09

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2024-12-09

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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Historical Revisionism: What It Is and What It Is Not

2024-12-09

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2024-12-09

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 Limits to Public Opinion and the Failure of Democracy

2024-12-09

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2024-12-09

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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Contrived Scarcity and Antitrust Lawsuits—“It’s Not a Bag, It’s a Birkin”

2024-12-09

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2024-12-09

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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Sound Money Movement Chalks Up Seven State Legislative Victories in 2024

2024-12-09

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2024-12-09

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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Entrepreneurial Profit Follows Good Decisions, Not Exploitation

2024-12-09

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2024-12-09

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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Discrimination and Opportunities for Women

2024-12-09

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2024-12-09

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 order.

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The World at War—An Essential New Book from Ralph Raico

2024-12-09

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2024-12-09

This article is the foreword to The World at War by Ralph Raico, edited and annotated by Edward Fuller. Buy the book at the Mises store. The twentieth century was a century of war, which means it was also a century of tragedy. The full extent of this tragedy, however, is often hidden by the popular narratives of the world wars that continue to be pushed in the West, especially among Americans. But many aspects of the tragedy are also taught far and...

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EL YUAN CHINO SE DERRUMBA MIENTRAS EL DÓLAR SE DISPARA

2024-12-08

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El yuan chino cae al nivel más bajo en un año frente al dólar tras la victoria de Trump. 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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Minimum Wage Laws Can’t Repeal the Laws of Economics

2024-12-08

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2024-12-08

On April 1, 2024 California bill AB 1228 went into effect, raising the minimum wage to $20 an hour for fast food restaurant workers. The media pundits largely celebrated the bill’s boldness. Economists and industry insiders largely complained it would raise prices, lower employment, and maybe even radically diminish a convenient and beloved fixture in American society.A new study from the Institute for Research on Labor and Employment at UC...

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DISNEY, JAGUAR Y BUD LIGHT SE HUNDEN POR AGENDA IDEOLÓGICA

2024-12-07

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Empresas como Disney, Jaguar y Bud Light priorizan agendas ideológicas, ignorando a sus consumidores. 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...

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Federal Power and Statist Racecraft

2024-12-07

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2024-12-07

There will never come a time when all human beings are in full ideological agreement, which is why free speech is of paramount importance to peaceful co-existence. Free speech is the only foundation on which men who disagree with each other can debate their opposing ideologies, or even hurl insults at each other if so inclined, but ultimately all the protagonists can do is try to persuade each other. All this changes when the state gets involved...

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Atomic Salvation: Did the Atom Bombs Save 500,000 to 32 Million Lives?

2024-12-07

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2024-12-07

“I wanted to save a half million boys on our side.... I never lost any sleep over my decision.”—Harry Truman, (quoted in Alfred Steinberg, The Man From Missouri (New York, 1962), p. 259)It is estimated that there were 416,480 American military deaths in WWII. Thus, what we are invited to believe by Truman’s assertion that the atomic bombs saved 500,000 (or many more) American lives is that, had the US invaded Japan, more Americans would have died...

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Trumps Machtübernahme in den USA! #thorstenwittmann #finanziellefreiheit #trump #finanzen

2024-12-07

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Fiscal Folly

2024-12-07

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2024-12-07

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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David Glasner on the Sraffa-Hayek Debate

2024-12-07

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2024-12-07

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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Paul Krugman Rides into the Sunset

2024-12-07

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2024-12-07

After spending 25 years as a columnist for the New York Times, Paul Krugman is finally retiring from that position—25 years too late, if one wishes to be honest. It is hard to measure the influence he had from that perch, but his columns surely were the deciding factor in his winning the Nobel in economics in 2008 after eight years of lambasting the George W. Bush administration.(His Nobel Prize was given, ostensibly, for “his work in economic...

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