Category Archive: 6b) Austrian Economics
American Foreign Policy — The Turning Point, 1898–1919
With the end of the twentieth century rapidly approaching, this is a time to look back and gain some perspective on where we stand as a nation. Were the Founding Fathers somehow to return, they would find it impossible to recognize our political system. The major cause of this transformation has been America’s involvement in war and preparation for war over the past hundred years. War has warped our constitutional order, the course of our national...
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Necesitamos un MILEI en ESPAÑA – Entrevista a Marcos de Quinto
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Is Stephanie Kelton Failing Her Academic Responsibility?
About two years ago, I had a brief exchange with modern monetary theory (MMT) champion and Stony Brook University professor Stephanie Kelton on Twitter (now X). It resulted in Kelton publicly challenging me, an economist and tenured professor at another large public university, to formulate a critique of her (and MMT’s) “chartalist” view that government currency has value only because it must be used to pay taxes.Kelton summarized her position on...
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The Collapse of Real Savings Caused the Great Depression
The leading monetarist, Milton Friedman, blamed the Federal Reserve System’s policies for causing the Great Depression of the 1930s. According to Friedman, the Fed failed to pump enough reserves into the banking system to prevent a collapse of the money stock. Because of this, Friedman held that M1, which stood at $26.34 billion on March 1930, fell to $19.00 billion by April 1933—a decline of 27.9 percent.Figure 1: US M1 money supply,...
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¿Debería ser el BANCO CENTRAL un organismo PÚBLICO
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Social justice and other evils
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The post-covid years have brought about an unquestionable acceleration and intensification in the attacks against the Western value system, against basic Enlightenment ideas and principles and against the pillars of the very civilization that gave us all the liberties, the rule of law and the justice system that we enjoy today (or used to enjoy until fairly recently at least).
All-important and self-evident ideas like the...
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Milei Llega a MADRID y Levanta PASIONES
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Biden’s Blarney on Bank Fees
On January 14, the White House issued an emotionally charged bulletin on overdraft fees. It outdid itself, packing the release with vituperative claims that overdraft fees were sneaky, hidden, just plain wrong, and exploitative, that they raked in excessive profits for the wealthy and padded the banks’ bottom lines, all at the expense of hardworking families.“Junk fees may not matter to the very wealthy, but they matter to most folks in homes like...
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There’s No Good Reason for the Fed to Have an Inflation Target
Alexander Salter argues that “there’s no good reason to raise the inflation target,” and while he makes some valid points, his analysis goes awry because it is based on the faulty quantity theory of money. He says that the proponents of a higher inflation target erroneously believe that it would “give the Fed more wiggle room to ease policy, should recessionary pressures emerge.” Salter says that the Fed can still stimulate nominal spending even...
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Banning Fossil Fuels Will Make Heat Waves More Dangerous, Not Less
On Sunday, activists from the environmentalist organization Extinction Rebellion stormed the green in the final, pivotal moments of the Travelers Championship, a professional golf tournament. The protesters tossed red and white chalk and smoke bombs before being tackled to the ground by police. The stunt came days after two protesters with the group Just Stop Oil, a youth-led offshoot of Extinction Rebellion, sprayed orange paint on Stonehenge.The...
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Cracking the Code: Inside the Operations of the Dutch Banking Giant
In the intricate world of finance, where the ebb and flow of capital mirrors the complexity of a grand puzzle, certain institutions stand out as giants shaping the economic landscape. Among these towering entities, Dutch banks hold a significant place, not just within Europe but on the global stage.
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Navigating Economic Waters: The Role and Impact of Monetary Policy
**The Role and Impact of Monetary Policy in Modern Economies**In the intricate web of modern economies, few instruments wield as much influence as monetary policy. At its core, monetary policy encompasses the actions undertaken by a nation's central bank to manage the money supply, interest rates, and inflation, with the overarching goal of fostering economic stability and growth.
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¡El secreto detrás de la INFLACIÓN!
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Dirk Müller: Merz fliegt Eurofighter – Wie war das noch mit CO2!?
Dirk Müller live erleben! ??? ??????????????? ???? ?? ??.??.????.
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https://bit.ly/Marktupdate240625
(Bei diesem Video handelt es sich um einen kurzen Ausschnitt aus dem Marktupdate vom 25.06.2024 auf Cashkurs.com.)
? Gratis-Newsletter inkl. täglichem DAX-Update ►►►...
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The Draft: Slavery Re-Imposed
Last week, a most disturbing development took place that should concern all those who value liberty. The House of Representatives passed the National Defense Authorization Act and included in it a provision requiring the automatic enrollment of men from 18 to 26 years old for the draft. Before that, men were required to register for the draft when they turned eighteen, but whether to do that was up to them. Many of them didn’t, even though failing...
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Stop Taxing Tips
Donald Trump recently promised that, if he wins the November election, he will support eliminating taxes on tips as part of his proposal to renew and expand the 2017 tax cuts. This tax law change would be a long overdue boost for millions of Americans.Tips often comprise a substantial portion of the earnings of waiters and waitresses, as well as of other service-sector employees. However, unlike regular wages, a service-sector employee usually has...
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The 45-Year-Old Cold War with Iran Is a Failure. It’s Time for a New Approach
Since its establishment in 1979, the Islamic Republic of Iran has become the third-largest threat to United States national security. It may therefore seem like the ideal strategy to combat this threat would be one that is confrontational and aggressive. However, this approach has proven largely ineffective. The truth is that hawkish policies stressing interventionism only escalates tensions with adversarial foreign powers. Moreover, such actions...
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AI: “Existential Crisis” or Excuse for Cronyism?
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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How Bad Economic Policies Drive Out Good Entrepreneurs
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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Governments Hate Privacy Software
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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