Category Archive: 6b) Austrian Economics

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Marx, Class Conflict, and the Ideological Fallacy

2024-04-03

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2024-04-03

Tu ne cede malis, sed contra audentior ito Website powered by Mises Institute donors Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436

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California’s Minimum Wage Increase is Inefficient and Unfair

2024-04-03

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2024-04-03

California raised its minimum wage rate for the fast food industry to 20$ today. US Politicians haven't targeted specific industries with minimum wage increases since the Great Depression. There are already signs that some fast food places in California are cutting back on employment. The specific effects of this fast food minimum wage will become clear during the rest of this year. For the time being, we should recall the general effects of...

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Bitcoin vs. Gold: The Debate Continues

2024-04-03

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2024-04-03

In a few short weeks since SEC approval Inflows into Bitcoin ETF funds had reached just over $59 billion on Good Friday, according to btcetffundflow.com. Meanwhile the unloved and disrespected GLD [gold] ETF holds $54 billion, despite its thousand year pedigree. Gold fan and crypto disser Peter Schiff debated crypto evangelist Raoul Pal on Real Vision for nearly three hours with neither combatant giving an inch. The calm Mr. Pal is the co-founder...

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The US Vetoes International Action on Gaza

2024-04-03

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2024-04-03

In the world of patronage, it doesn’t get much worse. The United States is at Israel’s elbow—it is a cobelligerent: In actively sustaining Israel’s armed forces, and running diplomatic interference for its politicians; America is acting as Israel’s “principal sponsor,” complicit in war crimes, signaling to the Jewish State that it will let it continue to its evil endgame.As I ventured in January, the issuance of the equivalent of a legal...

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Is “Havana Syndrome” Russian Aggression or Another Media Conspiracy Theory?

2024-04-03

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2024-04-03

On Sunday night, the CBS show 60 Minutes ran a segment about the series of mysterious medical episodes suffered by United States intelligence officers and government officials that has been given the nickname “Havana Syndrome.” For almost a decade, officials and their families have reported hearing sudden ringing sounds in their ears and experiencing headaches, dizziness, and other symptoms, usually while stationed abroad.Many journalists,...

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“Conspiracy” Is Not a Real Crime, and Trump Isn’t Guilty of It

2024-04-03

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2024-04-03

Last month, former president Donald Trump succeeded in indefinitely delaying his trial on federal charges related to the January 6 riot at the US Capitol building. It is now unclear if or when he will stand trial for the federal crimes with which he was charged in August of last year.The charges are primarily conspiracy charges. Specifically, Trump has been charged in federal court with one count of conspiracy to defraud the United States, one...

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TOP 10 Aristas MÁS Influyentes de SHERPA

2024-04-02

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Te animo a suscribirte a mi canal y te invito a seguirme en mis redes sociales: ☑ Twitter - https://twitter.com/dlacalle ☑ Instagram - https://www.instagram.com/lacalledanie ☑ Facebook - https://www.facebook.com/dlacalle ☑ Página web - https://www.dlacalle.com ☑ Mis libros en Amazon - https://www.amazon.es/Daniel-Lacalle/e/B00P2I78OG ¡Un saludo!

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America’s Fiscal Collapse Accelerates

2024-04-02

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2024-04-02

In case you thought anybody in Washington was driving this thing, they are not. It’s official: the Department of Treasury is now issuing debt at pandemic levels. It’s worth noting the pandemic record was double the previous record, which had stood for 231 years.In raw numbers, the latest numbers for Q4 2023 show Treasury issued $7 trillion in new debt. For the entire year, it came to $23 trillion.This has bloated the Treasury market to $27 trillion...

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Why Argentina Needs a 100%-Reserves Banking System

2024-04-02

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2024-04-02

There have been criticisms against Javier Milei´s plan to install a 100% reserve banking system in Argentina. One of the fears is that in a 100% reserve banking system there would be price deflation which would be detrimental to the economy. I have written about the myth that falling prices are to be fought against with inflation of the money supply in my book “In Defense of Deflation” which has recently been recommended by Javier Milei on X.Now...

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The State of Israel Abandons Law and Morality in Its War on Gaza

2024-04-02

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2024-04-02

Over and above industrial-scale mass murder of individual people—Israel is engaged in the eradication of Gazans as a People.Inarguably, to condemn Israel’s industrial-scale campaign of slaughter and starvation in Gaza ought to be ethically straightforward. Basic really.That Israel is committing the “the crime of all crimes” against the Palestinians of Gaza is not within the realm of opinion.That the Global North is standing stock-still in the face...

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The Senate Calls Out-of-Control Spending a National Security Threat, Keeps Spending Anyway

2024-04-02

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2024-04-02

Last month, the US Senate passed a resolution saying the over 34 trillion dollars (and growing) national debt threatens national security. A few days later, a bipartisan majority of the Senate voted for a 1.2 trillion dollars spending bill. In addition to the usual increases in war and welfare spending, the bill funds gender transitioning for minors without parental consent and red flag laws, which allow law enforcement to seize an individual’s...

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The Important Legacy of Hayek’s The Road to Serfdom

2024-04-02

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2024-04-02

The year 2024 marks three significant anniversaries for Friedrich August von Hayek, who follows Ludwig von Mises as influential in the Austrian School of economics. This is the one hundred twenty-fifth year of Hayek’s birth, the fiftieth anniversary of being awarded the Nobel Prize for economic science which he shared with Gunnar Myrdal, and the eightieth anniversary of the publication of his The Road to Serfdom, which is available in the Mises...

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Exklusiver Einblick ins CK*Trends Webinar: Das sagt Dirk Müller zu AMD

2024-04-02

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👉 𝐂𝐚𝐬𝐡𝐤𝐮𝐫𝐬-𝐓𝐫𝐞𝐧𝐝𝐬.𝐝𝐞: 𝐉𝐞𝐭𝐳𝐭 𝟏 𝐌𝐨𝐧𝐚𝐭 𝐟ü𝐫 𝟏€ 𝐭𝐞𝐬𝐭𝐞𝐧 ►► https://bit.ly/240328YT-Mitglied 𝗦𝗲𝗵𝗲𝗻 𝗦𝗶𝗲 𝗱𝗮𝘀 𝗴𝗮𝗻𝘇𝗲 𝐖𝐞𝐛𝐢𝐧𝐚𝐫 𝘃𝗼𝗻 𝐂𝐚𝐬𝐡𝐤𝐮𝐫𝐬*𝐓𝐫𝐞𝐧𝐝𝐬 𝗵𝗶𝗲𝗿: https://bit.ly/240328YT-Mitglied (Bei diesem Video handelt es sich um einen kurzen Ausschnitt aus dem CK*Trends Webinar vom 27.03.2024 auf Cashkurs-trends.de.) 🔴 YouTube-Kanal abonnieren ►►►...

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Bring Back Gold!

2024-04-02

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2024-04-02

In these days of rampant inflation, it’s imperative that we return to the gold standard—and the real thing too. By this I mean the classical gold standard, not the so-called “gold exchange” standard, and with no fractional reserve banking, just as the great Murray Rothbard wanted. In what follows, I’ll discuss some of the economic issues below, but it’s important to realize that it’s a moral issue as well.I spoke about the difference between the...

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PETRO LLEVA A COLOMBIA CAMINO DE VENEZUELA

2024-04-01

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#petro #colombia #venezuela #maduro #chávez #argentina #peronismo #chavista #gustavopetro Te animo a suscribirte a mi canal y te invito a seguirme en mis redes sociales: ☑ Twitter - https://twitter.com/dlacalle ☑ Instagram - https://www.instagram.com/lacalledanie ☑ Facebook - https://www.facebook.com/dlacalle ☑ Página web - https://www.dlacalle.com ☑ Mis libros en Amazon - https://www.amazon.es/Daniel-Lacalle/e/B00P2I78OG ¡Un...

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Is Hungary a Model for the American Right?

2024-04-01

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2024-04-01

In recent years, my homeland, Hungary, a small country in central-eastern Europe, has captured the attention of the American public, particularly those on the political Right. Led by Prime Minister Viktor Orbán, Hungary’s government has championed a somewhat “Pat Buchanan” style of conservatism, with a strong emphasis on putting the interests of Hungarian families first and resisting supranational political powers, such as the federalist...

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Wisconsin Formally Ends Sales Taxes on Gold and Silver

2024-04-01

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2024-04-01

Responding to an overwhelming groundswell of grassroots pressure, Gov. Tony Evers today signed a bill into law that secures Wisconsin’s place as the 44th state in America to end sales taxes on the purchase of precious metals.Assembly Bill 29 and Senate Bill 33, carried by Rep. Sortwell and Sen. Stroebel, respectively, enjoyed strong bipartisan support in both chambers of the Wisconsin legislature before it landed on Gov. Evers’ desk.Backed by...

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Caught in the Crossfire: The Dilemmas of India’s Right-Wing Movement

2024-04-01

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2024-04-01

Since the inception of the NDA Government in 2014, India's right-wing has consistently performed well across all sectors of society. Both print and electronic media have been significantly influenced by this ideology. The bureaucracy and academia have, to some extent, either shifted their political leanings or have begun to accept ideologies they previously rejected. This trend is not confined to India alone; it has also been observed in Europe and...

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Biden’s Latest Vote-Buying Scheme: Student Loan Cancellation

2024-04-01

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2024-04-01

Student loans and government “forgiveness” has been a hot topic among progressives since the Occupy Wall Street movement began. The movement consisted of educated but underemployed urban progressives upset with the obvious corporatist corruption that ensued after the Great Recession. The central theme was that Wall Street operated a series of blatantly corrupt and risky financial schemes that tanked the economy, but the instrumental and...

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The False Consensus on Egalitarianism

2024-04-01

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2024-04-01

The boundaries of contemporary public debate are artificially constrained by egalitarian values. Both progressive liberals and classical liberals are opposed to the more-outlandish versions of wokery, but many consider egalitarianism to be a good idea in principle as long as it is not taken “too far” by communist ideologues. The ongoing purge of diversity, equity, and inclusion (DEI) schemes at universities in Republican states has closed offices...

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