Category Archive: 6b) Austrian Economics

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Shrinkflation and Skimpflation Are Eating Our Lunch

2023-08-07

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2023-08-07

Government statistics on inflation in the food sector have failed to account for skimpflation and shrinkflation. Original Article: "Shrinkflation and Skimpflation Are Eating Our Lunch"

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How Conscription Ended Fifty Years Ago

2023-08-07

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2023-08-07

United States military conscription, or the draft, ended on January 27, 1973, with the winding down of the Vietnam War. The draft law was due to expire at the end of June 1971. But US President Richard Nixon decided it needed to continue and asked Congress to approve a two-year extension. In March 1973, 1974, and 1975, the Selective Service assigned draft priority numbers for all men born in 1954, 1955, and 1956, in case the draft was extended—but...

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The United States vs. Donald J. Trump

2023-08-07

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2023-08-07

Trump is essentially being prosecuted for questioning the outcome of an election, and federal paranoia about protecting its own aura of legitimacy is entering a new highly aggressive phase.  Original Article: "The United States vs. Donald J. Trump"

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Economic Calculation Is Nonbinary

2023-08-07

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2023-08-07

One of Ludwig von Mises’s important contributions to economics was demonstrating the impossibility of economic calculation under socialism. He did it by showing three necessary preconditions for the generation of meaningful market prices in the factors of production—private property, freedom of exchange, and sound money. Since socialism would, by definition, socialize the factors of production, there would be no nonarbitrary and meaningful way to...

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Outside the Universe?

2023-08-06

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2023-08-06

David Gordon take a critical look at Markus Gabriel's Moral Progress in Dark Times, and although he finds parts that are disturbing, he also discovers important areas of agreement. Original Article: "Outside the Universe?"

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Wind and Solar Are NOT Cheaper than Coal and Oil

2023-08-05

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2023-08-05

President Biden makes the false claim that wind- and solar-generated electricity are cheaper than power generated from coal and oil. Original Article: "Wind and Solar Are NOT Cheaper than Coal and Oil"

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Is Boycotting Target a Legitimate Protest or an Act of Terrorism?

2023-08-05

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2023-08-05

According to progressive elites, it is terrorism if consumers boycott businesses because of their leftist policies. Original Article: "Is Boycotting Target a Legitimate Protest or an Act of Terrorism?"

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There Are No Constraints on Us Government Borrowing

2023-08-05

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2023-08-05

In this week's episode, Mark reviews what people have said about Fitch's downgrade of US government debt. Mark sees it as a good thing, but not good enough. The "minor issue" in the latest debt ceiling agreement is ignored by the mainstream media: politicians suspended the debt ceiling into 2025, rather than raising it to some arbitrary, higher figure. Be sure to follow Minor Issues at Mises.org/MinorIssues.

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Flying into Foolishness: The DOJ “Saves” Consumers from Low-Cost Airlines

2023-08-05

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2023-08-05

Yet again, the government destroyed a business partnership that not only promised but actively delivered benefits to consumers. The Northeast Alliance (NEA), a partnership between airline companies JetBlue and American Airlines, was ruled against in federal court after a battle with the Department of Justice (DOJ). Like the rulings of cases that came before it, this antitrust action is void of common sense. The NEA clearly does not establish a...

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What Is the Right Inflation Target for Central Banks?

2023-08-05

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2023-08-05

Why have central banks settled on a 2 percent price inflation target? Project Syndicate asked four economists about this target and whether it is still appropriate. I’ll summarize their answers and then consider Mises’s position on “stabilization policy.” Four Economists’ Answers to “Is 2 Percent Really the Right Inflation Target for Central Banks?” Michael Boskin, Stanford University professor, Hoover Institution senior fellow, and former chair of...

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Dirk Müller: “One World” – Warum Ufo-Themen plötzlich salonfähig werden

2023-08-05

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👉 𝐂𝐚𝐬𝐡𝐤𝐮𝐫𝐬.𝐜𝐨𝐦: 𝐉𝐞𝐭𝐳𝐭 𝟏 𝐌𝐨𝐧𝐚𝐭 𝐟ü𝐫 𝟏€ 𝐭𝐞𝐬𝐭𝐞𝐧 ►► https://bit.ly/Cashkurs_1 𝗦𝗲𝗵𝗲𝗻 𝗦𝗶𝗲 𝗱𝗮𝘀 𝗴𝗮𝗻𝘇𝗲 𝗠𝗮𝗿𝗸𝘁𝘂𝗽𝗱𝗮𝘁𝗲 𝘃𝗼𝗻 𝗗𝗶𝗿𝗸 𝗠ü𝗹𝗹𝗲𝗿 𝗵𝗶𝗲𝗿: https://bit.ly/Marktupdate230727 (Bei diesem Video handelt es sich um einen kurzen Ausschnitt aus dem Marktupdate vom 27.07.2023 auf Cashkurs.com.) 📧 Gratis-Newsletter ►►► https://bit.ly/CashkursNL 🔴 YouTube-Kanal abonnieren ►►► https://www.youtube.com/@cashkurscom Bildrechte: Cashkurs.com / IgorZh - Shutterstock.com...

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Soft landing? Not likely

2023-08-05

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2023-08-05

As Fed staffers no longer predict an impending recession, economists on social media are all assuring themselves that Americans are in store for a "soft landing." Mises Fellow Jonathan Newman joins Bob to explain why the data still support the case for recession and point out the eerie similarity to the calm before the storm in 2008. Robert Lucas' Nobel Prize Winning Lecture: Mises.org/HAP407a Bob's Eerie Article from 2007 on the...

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Want to Follow Your Dreams? The First Step Involves Hard Work

2023-08-04

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2023-08-04

Adults tell young people to follow their dreams, but one cannot follow one's vision without realizing what it takes to get there. Original Article: "Want to Follow Your Dreams? The First Step Involves Hard Work"

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A Conversation with Prince Michael of Liechtenstein

2023-08-04

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2023-08-04

On November 15, 2021, almost twenty-one months ago, I once again had the rare and delightful opportunity to have a conversation with Prince Michael of Liechtenstein. His insights, especially with his directness and unequivocal honesty, have frequently provided me with a lot of food for thought in the past. This interview was no different. His candid and unfiltered responses to a wide variety of questions and topics made this conversation as...

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Praxeology with Good Huemer

2023-08-04

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2023-08-04

Michael Huemer has made my life easier. One of my tasks at the Mises Institute is to teach praxeology to students, and doing so involves explaining a priori knowledge (i.e., what we can know just by thinking about it), a notion which many students find difficult to grasp. The task becomes even harder when you add that the a priori knowledge in question is “synthetic” knowledge that isn’t analytically true but that we can still know to be true just...

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Trump Indicted for Crimes Against Democracy

2023-08-04

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2023-08-04

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop look at the latest indictment of Donald Trump. While many are exhausted with the theater of modern politics, DC's escalating attacks reveal the state's true anatomy. Any challenge to the state's legitimacy — like questioning an election — must be crushed. Recommended Reading "The United States vs. Donald J. Trump" by Tho Bishop: Mises.org/RR_145_A "If Congress...

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Social Justice and the Free-Rider Problem

2023-08-04

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2023-08-04

The political passion for "social justice" is creating a larger free-rider problem and a problem of injustice. Original Article: "Social Justice and the Free-Rider Problem"

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Do Monopolies Cause Inflation?

2023-08-04

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2023-08-04

The yearly growth rate of the consumer price index jumped from 5.4 percent in June 2021 to 9.1 percent in June 2022. Some economists attributed this increase to monopolies. According to Business Insider, economists at the Federal Reserve Bank of Boston have claimed that monopolies help keep the prices of goods and services high. Most economists believe that monopolies make markets less efficient by influencing the prices and the quantity of...

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Rates, Housing, Inflation, and Zombies with Barry Habib

2023-08-04

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Zombie companies need cheap money to survive. Cheap money is a thing of the past, and casualties are piling up. It’s a familiar script: borrow money to fund growth, and compete on price. That business model fails when interest rates rise quickly. As debt-burdened, low-cost providers get squeezed by higher rates, more will fail. The irony is that culling weak companies may actually be inflationary—a knock-on effect the Fed will not welcome. My guest...

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Fast gestorben – So sehe ich die Welt heute | Interview mit Wolfram Andes

2023-08-04

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Wolfram Andes berichtet von seiner Nahtoderfahrung und wie sie die Sicht auf sein Leben veränderte. Exklusives Geldsicherheitstraining: https://www.thorstenwittmann.de/yt-geldsicherheit-garantiert/ Wöchentliche Tippvideos abonnieren: https://thorstenwittmann.com/klartext-yt Wolfram Andes ist ein geschätzter Kollege und bekannter Erfolgscoach, den ich seit ca. 10 Jahren kenne. Und er ist … fast verstorben. Ihm ist das passiert, was wir nicht...

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