Category Archive: 6b) Austrian Economics
The Central Bank Policy Interest Rate vs the Natural Rate
According to many commentators, the Fed’s monetary policy, which aims at price stability, is the key factor in attaining stable economic growth. They claim that what prevents the attainment of price stability are fluctuations in the federal funds rate relative to the neutral interest rate, also known as the natural interest rate. Under this view, since the natural interest rate is consistent with stable prices and a balanced economy, Fed...
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Zukunft der Banken und Krisenausblick 2024 | Dr. Markus Krall
Dr. Markus Krall im Interview: Bankenkrisen, Inflation, Energiekrise und digitale Währungen
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Krisen 2024 – das solltest du jetzt wissen ?!
Dr. Krall ist Ökonom, ehemaliger CEO der Degussa-Goldsparte und mehrfacher Bestsellerautor. Er hat große Banken, Versicherungen und Regierungen beraten....
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“Debanking”: The Latest Assault on Freedom of Speech
In their war against free speech, progressive governments are now denying dissidents use of the banking system.
Original Article: ""Debanking": The Latest Assault on Freedom of Speech"
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The Oil-Price Shock Is a Direct Consequence of Interventionism.
Oil prices are soaring, and, as always, we read in many articles that OPEC and Russia are to blame. However, if OPEC and its allies were almighty and the drivers of oil prices, why have Brent and West Texas Intermediate (WTI) crude plummeted in 2022? OPEC only reacts to demand, but it is not a price-setter. It is a price-taker.
WTI is up 13% year-to-date, but it only started bouncing in May. WTI is only up 6% in the past year. At $90.7/barrel, it...
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Most Economists Are Wrong about the Economy
Ryan McMaken and Tho Bishop are joined by economist Mark Thornton to take a look at why so many economists keep telling us the economy is in great shape.
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Así es cómo ADOCTRINAN en las Escuelas…
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It’s Time for Some Debt and Entitlement Alarmism
Polls consistently show that climate change is a leading issue for young Americans. Millennials and Generation Z have been coached on climate arguments—and in most cases outright climate alarmism—in school and by the media, leaving them convinced that carbon-based energy has ruined their future on the planet.
It appears that children are being organized to advance adults’ political goals. Greta from Sweden addresses the United Nations, apparently...
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America’s Big Three Entitlement Bankruptcies Are Inevitable
The vast American welfare system is imploding. Future tax revenues will not come close to meeting future obligations. Something must give.
Original Article: America's Big Three Entitlement Bankruptcies Are Inevitable
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Chess, Trans Athletes, and Free Markets in Sports
Transgender athletes are becoming increasingly more common in athletic competitions, and this has spurred a great deal of criticism from the right side of the political aisle. Their argument is simple: men have a distinct advantage when it comes to sports.
This point seems self-evident given the immense amount of success most trans athletes (typically male to female) experience when they decide to change gender. CeCé Telfer, Mary Gregory, and...
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Strikes Always Have Economic Consequences and the Latest UAW Strike Is No Exception
On September 15, 2023, the United Auto Workers (UAW) union staged a massive strike consisting of thirteen thousand workers, and for the first time, the union hit three separate automotive enterprises simultaneously: General Motors, Ford, and Stellantis. The Associated Press noted that only three assembly plants are on strike at the moment: a General Motors factory in Wentzville, Missouri; a Ford plant in Wayne, Michigan; and a Jeep factory owned by...
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Is China Colonizing Jamaica?
Some Jamaicans complain that the Chinese are "colonizing" the country because of their economic success there. Actually, their success is due to entrepreneurship and plain hard work.
Original Article: "Is China Colonizing Jamaica?"
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La Dolarización Argentina es INEVITABLE
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Haiti May Have Won Independence, But It Is Not Independent of Chaos and Poverty
Haiti is engulfed by an ongoing political crisis and the world is desperately awaiting solutions to ease a turbulent political atmosphere. Her neighbors in the Caribbean are being implored by the international community to propose measures that will avert further calamities. Working to contain the crisis in Haiti benefits Caribbean countries because Haiti’s instability can lead to regional turmoil. Moreover, the appetite for refugee status in...
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Striking Autoworkers Will Only Harm Their Own Livelihoods
On Friday, September 15, 12,700 members of the United Auto Workers union (UAW) walked off the job at plants owned by the “Big Three” automakers—Ford, General Motors, and Stellantis (which owns Chrysler, Jeep, and Ram). The walkout marked the beginning of a series of long-expected targeted strikes aiming to give the UAW leverage as it renegotiates contracts with the three companies.
The strike is grounded in frustrations over worker compensation....
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Are Markets Tyrannical? Where Christian Conservatives Are Mistaken
A number of Christian conservatives are claiming that markets are as coercive as government. Try boycotting the FBI or your local police the next time they do something outrageous.
Original Article: "Are Markets Tyrannical? Where Christian Conservatives Are Mistaken"
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Emprender en España es un Deporte de Riesgo
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A Ticking Time Bomb: A Huge National Debt Plus Rising Interest Rates
Those who have been predicting a recession in the United States and an associated stock market crash seem to be having a hard time. At least, it appears so. US gross domestic product grew by 2.1 percent in Q2 2023, after growing 2.0 percent in Q1; the unemployment rate was rather low at 3.8 percent in August 2023; and the S&P 500 was at 4,460 points, around 10 percent below the index record of 4,818 points from January 2022. Yet, there are many...
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Gold Will Destroy the Keynesian Fallacies
Keynes denounced monetary gold as "a barbarous relic." In the end, it will be that "barbarous relic" that overthrows the regime of paper currency.
Original Article: "Gold Will Destroy the Keynesian Fallacies"
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Is the Gig Economy on the Verge of Destruction?
The gig economy as we know it is on the verge of destruction. Gig work, otherwise known as freelance work, was once held up as an entry into the entrepreneurial economy for many people seeking to dip their toes in, but that economy is currently threatened by people who do not understand its vitality for freelance entrepreneurs. There is now a push, from policy makers and a few gig contractors who think it is in the best interest of gig workers and...
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Armed Neutrality Is the Only Moral Foreign Policy
Former Vice-President Mike Pence is very concerned that Republicans are not sufficiently enthusiastic about aggressive, unnecessary wars. In a speech on Monday, Pence claimed "Some Republican candidates ...[are] embracing a new and dangerous form of isolationism.”
"Isolationism" is just a slur used by hawks to describe any policy that falls short of further expanding US interventionism across every region of the globe. Fortunately...
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