Category Archive: 6b) Austrian Economics
Price Inflation Is Not a “Global Phenomenon”
The Economics Policy Institute (EPI) has promoted a myth that recent price inflation is a “global phenomenon,” is not caused by domestic economic policies. An EPI study claims “that high [price] inflation in the U.S. has not been driven by any unique American policy—not the American Rescue Plan and other generous fiscal relief during the pandemic recession and recovery nor anything else U.S.-centric”. It doesn’t logically follow that something that...
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Does Trump’s Would-Be Assassin Justify Border Controls?
Donald Trump’s alleged would-be assassin, Ryan Routh, is an American citizen. Presumably he was born in the United States. He obviously traveled across state lines to get to Florida. That raises an important question: Should the U.S. Constitution be amended to enable each state to establish border controls around the state to protect the citizenry from violent people from other states?
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MILEI DESTROZA A CRISTINA KIRCHNER POR MENTIR SOBRE LA INFLACIÓN
Milei destroza a Cristina Kirchner por negar que la inflación es un fenómeno monetario.
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Why Interest Rates Are Not the Price of Money
According to mainstream economics, interest rates are the price of money, but the Austrian school says differently. To understand these conflicting ideas, we must understand what prices, money, and interest are.First of all, prices are exchange-ratios between goods and/or services. An apple might be exchanged for a pear or two bananas. In that case we can conclude that the price of an apple, at that moment, is either one pear or two bananas....
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We Need Medical Freedom
In a free society, people have the right to decide what to do with their own bodies. If you want to take something that “orthodox” medicine says you shouldn’t, this decision should be up to you. If the government can ban “dangerous drugs,” why not dangerous ideas too? As the great Ludwig von Mises points out, “Opium and morphine are certainly dangerous, habit-forming drugs. But once the principle is admitted that it is the duty of government to...
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The Customers and Their Enemies
There is an attack on the customer by its anti-market enemies. These enemies dislike market economies and private property and wish to see these institutions destroyed. The enemies want to see a new “king” to the throne—one that dislikes the customer. These enemies want to install a “king” that does not care about what you want to consume, but what they want you to consume.Too often, the caricature of a customer is negative but, in reality, the...
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Where Will All the Money Go?
The Federal Reserve seems to have finally committed to, but has not yet begun its “rate cutting cycle” of lower interest rates, specifically the Federal Funds Rate, or policy rate.This lines up well with what I have been thinking and saying here and elsewhere; the Fed was not likely to cut rates until the fall of 2024 or later.My thinking or guessing was based on the notion that the Fed wanted to remain perceived as tough on inflation for as long...
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Milei Wants More Government Spending—For the Military, of Course
From day one of his presidency, it has been apparent that Argentina’s President Javier Milei wants the Argentinian regime to be a willing member of the US-NATO axis in international affairs. Milei has demonstrated this with a variety of overtures toward the State of Israel and by his repeated meetings with the dictator of Ukraine, Volodymyr Zelenskyy. This all positions Burenos Aires as a reliable supplicant and friend of Washington. Or, as I...
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The Ruling Elites Create an Orwellian Reinterpretation of Human Rights
Ludwig von Mises depicts the aim of revolutionary socialism as: “to clear the ground for building up a new civilization by liquidating the old one.” One of the main strategies in liquidating a civilization involves dismantling its legal and philosophical foundations. This role is fulfilled by activists who embark upon “sabotage and revolution” by subverting the meaning of words: “The socialists have engineered a semantic revolution in converting...
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Privatize Federal Lands
Land in its natural state is not owned by anyone, argued John Locke in Two Treatises of Government, but after land is transformed by an individual’s labor, that person earns a right to own the land and any improvements. In the mid-1800s, the U.S. government put Locke’s property-rights theory into practice with the Homestead Act.
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We Are All Central Planners Now
No matter how one comes out on who won the presidential debate between Donald Trump and Kamala Harris, one thing is crystal clear: Hardly anyone questions whether the president and the federal government should be managing the economy.
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SEGUNDO ATENTADO CONTRA TRUMP Y LOS MEDIOS LO MINIMIZAN
Segundo intento de asesinato a Trump en medio de la creciente polarización en EE. UU. El odio hacia él está en niveles alarmantes.
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Assessing the Hawkish Stance in Modern Monetary Policy: Implications and Outcomes
In the intricate world of economic management, the term "monetary policy" often surfaces in discussions among policymakers, economists, and financial analysts. As central banks navigate the delicate balance between fostering economic growth and curbing inflation, their stance on monetary policy becomes a focal point of analysis and debate.
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Breaking Down the Salary Structure for Investment Banking Analysts at Raymond James
Investment banking is a high-stakes, fast-paced field that attracts some of the brightest minds in finance. Among the many firms that dominate this industry, Raymond James stands out for its robust client relationships, comprehensive services, and a reputation for fostering talent.
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Unveiling Hidden Hazards: Common Commodities Containing Radioactive Materials
In our daily lives, we often overlook the presence of materials that emit radiation, associating radioactivity primarily with nuclear power plants or medical imaging technology. However, radioactive materials can be found in a surprising array of common commodities, spanning various industries and applications.
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Understanding the Real Costs of Slavery: It’s Not Cheap labor
Slavery has existed throughout history in all places and cultures. It was not introduced by the political state yet, as with many things, slavery could not have had the scope or extent that it did in human history absent the coercive apparatus of the political state.
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The illusion of choice: Democracy as the greatest show on earth
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As individual citizens, as voters and taxpayers we have been so deeply, so consistently, so relentlessly indoctrinated, so blindly radicalized, and so thoroughly and easily subjugated and ideologically manipulated that, by now, it has become terribly challenging for any of us to even entertain any viewpoint or any opinion that is opposed to our own. It is next to impossible for a single individual to find the strength of...
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Do Financial Markets Immediately Provide All Relevant Information?
It is widely held that financial asset markets always fully reflect all available and relevant information, and that adjustment to new information is virtually instantaneous. This way of thinking is also known as the Efficient Market Hypothesis (EMH), and is closely linked with the Rational Expectations Hypothesis (REH), which postulates that market participants are at least as good at price forecasting as is any model that a financial market...
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ESPAÑA CAE EN PICADA Y SE CONVIERTE EN EL DESASTRE DE EUROPA
España está al 24 de 27 en PIB per cápita en la UE, un 20 % por debajo de la media, pese al mayor estímulo fiscal y fondos Next Generation.
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