Category Archive: 6b) Austrian Economics
The Drug War: An Irrational Crusade
The drug war of the last half century has incarcerated millions and created havoc. What it hasn't done is eliminate people using drugs without government permission.
Original Article: "The Drug War: An Irrational Crusade"
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Dirk Müller: Die aktuelle Börsen-RallyeBeeindruckend, aber auch hochgefährlich
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𝗦𝗲𝗵𝗲𝗻 𝗦𝗶𝗲 𝗱𝗮𝘀 𝗴𝗮𝗻𝘇𝗲 𝗠𝗮𝗿𝗸𝘁𝘂𝗽𝗱𝗮𝘁𝗲 𝘃𝗼𝗻 𝗗𝗶𝗿𝗸 𝗠ü𝗹𝗹𝗲𝗿 𝗵𝗶𝗲𝗿:
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Technology Is Meaningless without Entrepreneurship
Technocrats frequently pressure the US government to increase R and D as a strategy to upstage China. The assumption is that public R and D will lead to innovation and economic growth because research generates the science that spurs innovation. Yet the formula is mistaken, for history has shown that science often lags technology. Innovations prior to the advent of modern science in Europe occurred without crucial advancements in scientific...
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Committing Domestic Violence against Men . . . Just for a Giggle
Domestic violence is a stain on society, but it is worse if we only care about violence committed against people of one sex.
Original Article: "Committing Domestic Violence against Men . . . Just for a Giggle"
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The Saudi-China-Iran Partnership Creates a New Middle East
Ryan and Zack look at how China, Iran, and Saudi Arabia are reshaping the Middle East into a region where the United States no longer dominates. This is a good thing for ordinary Americans.
Additional Resources
"Thanks to Sanctions, the US Is Losing Its Grip on the Middle East" by Ryan McMaken: Mises.org/WES_11_A
"The Petrodollar-Saudi Axis Is Why Washington Hates Iran" by Gary Richied: Mises.org/WES_11_B
"Peace is...
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Econometric Models Cannot Fulfill the Role of an Economics Laboratory
Many economists believe that economics must emulate the physical sciences with controlled experiments to be credible. Econometric models, they claim, can fulfill the role of laboratory experiments.
Through mathematical and statistical methods, an economist supposedly establishes relationships between various economic variables. For example, personal consumer outlays are related to personal disposable income and the interest rates, while capital...
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Ya Nadie Quiere a IRENE MONTERO… (ni SUMAR ni RESTAR)
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How Capitalism Redefined Masculine Virtue
One of the main fronts in the current culture war in the United States is the debate over "masculinity." Certain corners of the Left tell us that "toxic masculinity" is a terrible thing. Yet, it's often unclear whether masculinity is itself necessarily toxic, or if toxic masculinity is just one type of masculinity. How masculinity is defined is essential to the debate, and every pundit wants to define it his or her own way....
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Thanks to Sanctions, the US Is Losing Its Grip on the Middle East
While the US ratchets up efforts to isolate its many enemies, the Chinese, the Saudis, the Arab League, and OPEC all shrug and look to increasing international communication and trade.
Original Article: "Thanks to Sanctions, the US Is Losing Its Grip on the Middle East"
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Environmentalism and the Immoral Low Ground
Last month, the Biden administration’s Environmental Protection Agency proposed new power plant regulations that would put harsh limits on the amount of carbon dioxide released while producing electricity. This comes from the same administration pushing to electrify all parts of daily life, from driving to cooking. As if slamming the power grid with artificial demand is not enough, now the federal government has also set its sights on electricity...
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Living by a Premise
More than forty years ago, Leonard Read urged graduates of Hillsdale College to find a premise, a belief in a universal idea of liberty.
Original Article: "Living by a Premise"
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¿SE HUNDE EL DÓLAR? Te Cuento Cómo y Por qué TE AFECTA
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Esta es la REALIDAD sobre la PRESIÓN FISCAL, con JOSÉ RAMÓN RIERA en @Economix
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¿Seguirán SUBIENDO los TIPOS DE INTERÉS? con ÁLVARO MARTÍN en @Economix
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¿Se ESTABILIZA la INFLACIÓN? con DANIEL RODRIGUEZ ASENSIO en @Economix
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La EVOLUCIÓN de los MERCADOS con GUSTAVO MARTÍNEZ en @Economix
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¿HABRÁ CRISIS? Los DATOS nos dicen que…
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Energy and Economic Efficiency: The Market versus the Politicization of Our Energy Futures
Radical environmentalists have convinced people that we are doomed if we continue to use fossil fuels. We are doomed if we stop using them.
Original Article: "Energy and Economic Efficiency: The Market versus the Politicization of Our Energy Futures"
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Rise of the Effete Authoritarians
Here in the West, particularly in countries such as the United States and Canada, we have experienced radical political and cultural changes over the past several years, and the pace of these changes seems to have accelerated since 2020. In the minds of many, there is an almost palpable feeling that a switch has been thrown and that the relationship between citizens and the state has been permanently altered.
Perhaps the most salient revelation in...
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“Inflation it is not an act of God”
INTERVIEW WITH GODFREY BLOOM:
Over the last couple of years, the UK has been increasingly in the news – for all the wrong reasons. The cost of living crisis, in particular, has been monopolizing headlines at home and abroad. Of course, inflation is by no means unique to the country. To the contrary, it has been hovering at similar or higher levels in virtually all advanced economies for quite some time. What is unique to the UK though, is that...
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