Category Archive: 6b) Austrian Economics

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Behavioral Economics Challenges the Rationality of Consumer Choices

2022-12-29

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2022-12-29

A relatively new area of study in economics, behavioral economics, has started to gain popularity. The behavioral economics framework emerged because of dissatisfaction with the neoclassical theory regarding consumer choice. A major problem with the neoclassical theory is that human beings are presented as if hardwired with a scale of preferences. Regardless of circumstances, this scale is considered to remain the same at all times. Mainstream...

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El FALSO triunfalismo del GOBIERNO de España // Economix

2022-12-29

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#reset #crisis #economia #inversiones #macroeconomía #oro #petroleo #gas #dolar #finanzas #loqueviene #greatreset #reinicio Programa completo: 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 -...

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A (True) Thanksgiving Tale of Socialism in America and Israel

2022-12-29

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2022-12-29

The Pilgrims tried socialism at Plymouth. After two years, they returned to private enterprise. Likewise, Israel was founded as a socialist state but has back turned toward free markets. Original Article: "A (True) Thanksgiving Tale of Socialism in America and Israel" This Audio Mises Wire is generously sponsored by Christopher Condon.

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No Surprise: Wall Street Wants to Raise the Target Inflation Rate above 2 Percent

2022-12-28

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2022-12-28

Twenty-six years ago, the debate was over whether or not the target inflation rate should be raised from zero to 2 percent. Now we're being told it should be 4 or 6 percent. Original Article: "No Surprise: Wall Street Wants to Raise the Target Inflation Rate above 2 Percent" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Industrial Policy Did Not Bring Prosperity to Asia

2022-12-28

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2022-12-28

Industrial policy is earnestly touted by democrats and conservatives as a tool to rejuvenate the US economy. Some argue that innovation will flounder unless the US applies industrial policy to major sectors. The success of East Asian countries is often cited to bolster the case for industrial policy, however, advocates have been selling a simplistic story. While it is sometimes noted that there is a correlation between high growth rates and...

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Wishing all of you a political incorrect Merry Christmas

2022-12-28

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2022-12-28

I had the pleasure to have a conversation with Jerm about left and right, the logic of political correctness, Western Civilization and Christmas.I hope you like it. click on the link below to listen to it https://tntradiolive.podbean.com/e/claudio-grass-on-jerm-warfare-with-jeremy-nell-23-december-2022/ This work is licensed under a Creative Commons Attribution 4.0 International License. Therefore please feel free to share and you can...

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The Second Housing Bubble of the 21st Century Is Over

2022-12-27

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2022-12-27

[Originally published in the Housing Finance International Journal.] The 21st century, only 23 years old, has already had two giant, international housing bubbles. It makes one doubt that we are getting any smarter with experience. Among the countries involved in the second bubble, both the U.S. and Canada fully participated in the newest rampant inflation of house prices. Prices this time reached levels far above those of the last boom peak. In...

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Objection, Professor Harari! Logic Proves the Existence of Free Will

2022-12-27

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2022-12-27

Yuval Noah Harari, professor of history at Hebrew University in Jerusalem, is not only a best-selling author but also a top advisor to Klaus Schwab, founder and front man of the World Economic Forum (WEF). In 2018, Harari wrote: “Unfortunately, ‘free will’ isn’t a scientific reality. It is a myth inherited from Christian theology.” And, in a 2019 interview, Harari said: Humans today are a hackable animal—an animal that can be hacked. . . . Hacking...

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Help the Institute Build the Foundations of Liberty. Donate before 2023!

2022-12-27

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2022-12-27

Forty years ago, I was worried. I had had the honor of working with Ludwig von Mises. But, not long after his death, the greatest economist and defender of freedom in the twentieth century was being ignored. Some years before, I had worked for the great Neil McCaffrey at his Arlington House Publishers. One day, I was called into his office and asked, “How’d you like to be Ludwig von Mises’s editor?” I was to correct and bring back into print three...

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The Great Leap Backward*

2022-12-27

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2022-12-27

[This piece is an excerpt from Chapter 13 of The Great Reset and the Struggle for Liberty: Unraveling the Global Agenda, to be released January 10, 2023.] This chapter derisively refers to the notorious Great Leap Forward (1958–1961) as the Great Leap Backward. But China’s Great Leap Forward is not the ultimate object of my scorn. That scorn is reserved for the contemporary project conducted by people, who, if they knew anything about history, or...

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US Labor Market: Help Wanted!

2022-12-26

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2022-12-26

As we enter the holiday season stock owners have been the big losers of 2022, but jobs are still plentiful and nominal wages are rising rapidly. The Wall Street Journal reports “Stiff Demand Drives Gains in Jobs, Wages” (December 4). Faced with a stagnant stock market, nothing bolsters confidence more than the plethora of job openings, seemingly everywhere, and for all types of jobs. The number of job openings is a statistic worth paying attention...

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Woodrow Wilson’s Christmas Grift of 1913

2022-12-26

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2022-12-26

We think of thieves as conducting their work when no one is looking, such as breaking into a house while the owners are away. But the most successful thieves have done their stealing in plain sight, on a grand scale, while the owners were home and often with their tacit approval, though with sleights of hand that few are able to detect. Such a theft occurred when Woodrow Wilson signed the Federal Reserve Act into law on December 23, 1913. A central...

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The Origins of the Federal Reserve

2022-12-26

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2022-12-26

Where did this thing called the Fed come from? Murray Rothbard has the answer here — in phenomenal detail that will make your head spin. In one extended essay, one that reads like a detective story, he has put together the most comprehensive and fascinating account based on a century's accumulation of scholarship. The conclusion is that the Fed did not originate as a policy response to national need. It wasn't erected for any of its stated...

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Unserem System fehlt die Menschlichkeit! (Paradigmenwechsel & Spiritualität)

2022-12-25

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Fröhliche Feiertage wünsche ich euch und um diese so richtig zu feiern, gibt es eine Runde harmonievolles, philosophisches und spirituelles Interview aus der Reihe "Nachgefragt" von Fairtalk. Es geht um die Sinnfrage und den schnöden Mammon. Aber auch, warum Krisen essenziell sind und uns stärker machen. Wieso lehne ich mich nicht einfach zurück, sondern möchte immer weiter aufklären und mache mich damit ohne Not angreifbar. Was hat das...

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Reclaiming the Anti-State Roots of Christmas

2022-12-24

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2022-12-24

While Christians the world over look to the celebration as a way to remember the incarnation of Christ, some dismiss it as a Christianized version of the ancient Rome’s Saturnalia. Whatever one’s view happens to be, I humbly suggest that it ought to be used by Christians and non-Christians alike as a reflection upon a collision of two kingdoms and two forms of rule. One that makes the way for life, and the other for misery, suffering, and death. If...

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How Christmas Became a Holiday for Children

2022-12-24

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2022-12-24

During the 1980s, millions of American children pored over the Toys 'R' Us catalog, daydreaming about what toys we hoped to receive in a few weeks on Christmas morning. After all, by the mid twentieth century, Christmas—for countless middle-class households with children— had become more or less synonymous with an enormous number of gifts for children in the form of toys and games. Barbie playsets and a myriad of action figures were routinely...

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La tercera gran recesión del Siglo XXI ¿LLEGA UNA RECESIÓN MUNDIAL?

2022-12-24

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#crisis #economia #inversiones #macroeconomía #americalatina #economix #mercados Programa completo aquí: 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...

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How Marxism Abuses Ethics and Science to Deceive Its Followers

2022-12-24

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2022-12-24

In his 1922 book on socialism, Die Gemeinwirtschaft, Ludwig von Mises attributes socialism’s attractiveness to the claim that Marx’s doctrine would be both ethical and scientific. In truth, however, Marxism represents a metaphysical dogma that promises an earthly paradise yet threatens civilization itself. Thesis of the Inevitability of Socialism Marxism explains that immoral capitalist economies will necessarily be replaced by socialist systems...

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Budget Deficit Hits Monthly Record Due to Biden’s Policies

2022-12-23

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2022-12-23

America’s “monthly federal deficit hit a record $249 billion in November—$57 billion more than the same month last year—with federal spending also hitting new heights in consecutive months, while tax revenues dropped,” reports the London Daily Mail. The deficit is $57billion higher than it was in November of 2021—which is a record-breaking year-on-year change. Federal spending is up $28billion from last year to $501billion in November 2022,...

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Money Laundering: Another Noncrime Pursued by Criminal Authorities

2022-12-23

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2022-12-23

Money laundering is illegal in the USA, but like so many other federal crimes, it is difficult to identify and define. That is the perfect recipe for government abuse of innocent people. Original Article: "Money Laundering: Another Noncrime Pursued by Criminal Authorities" This Audio Mises Wire is generously sponsored by Christopher Condon.

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