Category Archive: 6b) Austrian Economics

Leaked files ‘show US wants to persuade four nations to leave EU’

The countries seen as targets to follow Brexit are Austria, Hungary, Italy and Poland, according to leaked details of the US national security strategy.

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Inflation, Interventionism, and Intergenerational Resentment

Inflation does more than just force up prices. It destroys the wealth-producing process, especially with young people who are prevented from acquiring the same kinds of assets earlier generations procured. The result is inter-generational conflict.

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Financial Times asks: is silver the new gold?

On Wednesday, the silver price hit $63.86 per ounce — nearly double its level a year ago — after the Federal Reserve trimmed rates by 25 basis points.

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The Problem with Defaulting in Argentina: A Response to Murphy

Precedents for sovereign default exist, but they are double-edged.

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Our Secret Constitution

Through the most bloody war in American history to date, Lincoln unleashed an inchoate “secret constitution” that began to bring the US into closer alignment with equality and democracy, which many view as a good thing.

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House votes to nullify Trump order and restore bargaining rights for federal workers

Federal workers are a powerful lobby in Washington, and taxpayers pay for federal bureaucrats' wages inflated through federal laws favoring federal unions.

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Minnesota Somali Scammers Prove That Politics Is a Spoils System

Christopher Chantrill: Most every corrupt government program begins as a moral crusade and ends up as a spoils system: Social Security, Medicare, Obamacare, etc.

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Report: Trump To Appoint US General To Lead Gaza ‘International Stabilization Force’

President Trump is planning to appoint a two-star US general to lead the international force that may be deployed to Gaza under the US ceasefire deal.

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JLS: F. A. Hayek’s Thinking in the Light of Evolutionary Science: A Vindication and a Warning



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Modern Marriage and the Homeownership Rate

Data shows that the marriage rate and the homeownership rate have been closely connected for decades. Historically, more marriage means more home buying, but government intervention has made buying a home much harder.

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Most Economists Still Don’t Understand How Inflation Is Destroying our Economy

Mainstream economists are at a loss to explain why the current regime of inflation and central bank interventions have been so economically devastating. Understanding Cantillon effects is vital to making sense of the current madness.

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QJAE: A Note on “Desired Money Balances” and Menu Costs



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Old vs. Young and Rich vs. Poor: How Government Creates Class Conflict

Inflation does more than just force up prices. It destroys the wealth-producing process, especially with young people who are prevented from acquiring the same kinds of assets earlier generations procured. The result is inter-generational conflict.

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Bursting the Bubble that Was FDR

David Beito’s new biography on Franklin D. Roosevelt is not the hagiographic nonsense that has dominated the US history profession. That is a good thing. Americans should know how FDR’s presidency led to one disaster after another.

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Obamacare Was Not a Failure

As Congress scrambles to extend emergency subsidies to keep Obamacare afloat, it can be tempting to view the bill that made healthcare less affordable as a total failure.

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Ken Burns Plays the “Founding Chaos” Card

In the new Ken Burns documentary, an old myth—held by the left and right—is repeated: that chaos led to the need for the Constitution and a stronger national government.

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Trump is Winning Over the Fed

On this episode of Power and Market, Ryan, Connor, and Tho break down the latest FOMC meeting, the real takeaways from Powell’s Fed talk, and the continuing realities of Obamacare.

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Is Total War in Our Future? The Prognosis

Americans like to think of themselves as peace-loving people. However, our nation’s war record since the American Civil War points to the US government’s affinity for unleashing total war.

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Why The ‘National-Interest’ Is a Statist, Fiat Standard & Solidarity With Palestine Is Libertarian

Mercer: "Whether such crass utilitarians like it or not, the Anglo-Israeli-American genocide in Palestine is a moral matter."

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Israel AI Israel wants to train ChatGPT to be more pro-Israel

Former Trump campaign manager Brad Parscale will be paid millions to oversee an effort to ensure that online research is slanted to push the views of the Israeli state.

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