Category Archive: 6b) Austrian Economics

A Permanent Wartime Economy?

Progressives view all aspects of human life as a struggle against forces of oppression. Earlier this week on BBC, Professor Mariana Mazzucato suggested governments across the West should simply print money not only to help Ukraine, but also to finance other "wars" against climate change, inequality, and more. Should national treasuries essentially adopt a permanent wartime footing and print far more money, as Mazzucato and Warren Mosler...

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Yearning for Beauty in the Truth of Economic Thinking

Yearning for Beauty in the Truth of Economic Thinking We as a human race have a natural desire for beauty, and we as academics have a tendency to get lost in the weeds and forget this. Mises Institute president Jeff Deist has articulated this better than perhaps anyone before him in a speech (“We Need Truth and Beauty”) where he stated: We know Austrian economics is fundamentally true; in fact, truth is its most important and fundamental...

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One Year Later in Ukraine: Washington and NATO Got It Very Wrong

The foreign policy "elites" have been wrong about regime change, sanctions, "the lesson of Munich," a "rules-based order," and pretty much everything else.   Original Article: "One Year Later in Ukraine: Washington and NATO Got It Very Wrong" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Is the Silicon Valley Bank’s Failure Another “Canary in the Coal Mine”?

If you watched the Fed Chair Jerome Powell testify before the senate and the House, you heard over and over that banks are well capitalized. The non-sequitur should inspire the Shakespearean quote “Methinks you protest too much.” The very next day after the hearings, shares of SVB Financial Group, parent of Silicon Valley Bank, fell 60 percent (and another 30 percent in afterhours trading at this writing) after a Wall Street Journal article...

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Lockdown Files: Das Lügenkonstrukt bricht zusammen

🎉 Marc lädt Dich ein nach Schwäbisch Gmünd! https://www.marc-friedrich.de/marc-laedt-ein 🔴 🔒 Schütze Dich vor digitaler Überwachung mit NordVPN (Rabattaktion): http://nordvpn.com/marc Nach den Twitter-Files, die nächste Enthüllungsbombe: die Lockdown Files. In Großbritannien wurden letzte Woche von der Tageszeitung "The Telegraph" mehr als 100.000 Whatsapp-Nachrichten veröffentlicht. Sie zeigen, was während Corona wirklich hinter den...

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The Balfour Declaration

Economics in ActionBy Brian BalfourThales Press, 2022; 306 pp. “Public” high schools are for the most part rotten to the core, and it is widely recognized, if not quite “a truth universally acknowledged,” that they need to be replaced. But what should students in private schools or homeschooling programs be taught? If we wish to rescue our young people from the socialist and “woke” propaganda inflicted on them in government institutions, it is...

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Can The Fed Achieve Its Goal Without Causing a Massive Recession? | Dr. Ed Yardeni

The economy, as any investor knows or will quickly learn, is not the same as the stock market. What’s happening today resembles the Great Inflation of the 1970s. Talk of stagflation, recession, and hard and soft landings—it can make your head spin to see how quickly things have unfolded. In this week’s episode of Global Macro Update, Dr. Ed Yardeni, president of Yardeni Research, joins Ed D’Agostino to discuss today’s urgent storylines,...

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Modern Monetary Theory: Reality check

I’ve written extensively over the past years about the rise of Modern Monetary Theory (MMT) and all the terrible dangers it entailed from its very birth, not just for our economies, but for our societies too. Although it captured media interest and monopolized a lot of “expert” debates at the time, one wouldn’t be blamed for thinking it was merely a “flash in the pan”, just another crazy idea that the establishment entertained for a while to...

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Readying the War State: Biden Recommits to Protectionism in the SOTU

President Biden's call for more protectionism isn't aimed improving the US economy. Instead, it is about creating a war-footing autarky. Original Article: "Readying the War State: Biden Recommits to Protectionism in the SOTU" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Ready for Retirement? Fewer and Fewer Americans Are Saving for that Time

Thus, the nearly half the adults in America who haven’t saved remain childlike and live in barbarism. For those who are saving, volatile markets point to a less-than-cozy retirement for the majority. Last year’s beat down of the average 401(k) plan was 20 percent, which didn’t help. But retirement participants are keeping the sunny-side up, believing “they’ll move closer to their retirement goal by ending 2023 with more in retirement savings than...

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DROHT ein Bankenkollaps? (US-Bankenkrise)

🔒 Schütze Dich vor digitaler Überwachung mit NordVPN (Rabattaktion): http://nordvpn.com/marc ► Mein Merch: https://shop.marc-friedrich.de/ ► Mein neues Buch Du möchtest das erfolgreichste Wirtschaftsbuch 2021 "Die größte Chance aller Zeiten" bestellen? Auf Amazon: https://www.amazon.de/shop/marcfriedrich oder mit Signatur: https://www.marc-friedrich.de/ ► Friedrich & Partner Vermögenssicherung https://www.friedrich-partner.de/ ►...

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10 Gefahren für dein Geld – Zahlen, Daten, Fakten, die Banken und Politik dir verschweigen wollen

Die Geldsicherheitsserie: Aufwachen - Zahlen, Daten, Fakten, die Banken und Politik dir verschweigen wollen Kostenfreies Geldgespräch: https://thorstenwittmann.com/yt-tag-1-ff-sicherheitsserie-aufwachen Klartext-E-Letter: https://thorstenwittmann.com/klartext/ In den nächsten Wochen erwartet dich etwas Besonderes. Du bekommst wöchentlich ein Video als Teil einer Geldsicherheitsserie. Wir starten heute mit den 10 Gefahren für dein Geld, die du...

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The Coming Recession Will Be a Global One

While the Biden White House claims we are on a steady course of prosperity, the more realistic future is that of a global recession. Original Article: "The Coming Recession Will Be a Global One" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Ablenkungsmanöver oder IQ-Test? (Nord-Stream-Sabotage)

🔒 Schütze Dich vor digitaler Überwachung mit NordVPN (Rabattaktion): http://nordvpn.com/marc Die Nord Stream Saga geht in die nächste Runde. Wer steckt hinter den Anschlägen? Neue Geheimdienstinformationen gehen davon aus, dass es Pro-Ukrainische Kräfte auf einer Privat-Yacht waren. Was ist davon zu halten? Heute der große Faktencheck! Seymour Hersh Text: https://seymourhersh.substack.com/p/how-america-took-out-the-nord-stream Buchempfehlung:...

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Can Congress Cancel Biden’s Endless Wars?

Ryan McMaken and Tho Bishop look at how the regime's narrative on foreign policy is failing, and how some in Congress are finally standing up to the warfare state. Yet, the regime wants more US wars in Syria, Ukraine, and now even Mexico. And you will pay for it all. Will the voters demand a more sane foreign policy in 2024? [embedded content] Recommended Reading "The Costs of War in Syria" by Ryan McMaken (2013):...

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The Censored Generation

The Censored Generation Incredulity. Astonishment. Disgust. Anger. It is these feelings—amongst others—that describe the general reaction to the revelations of the Twitter Files and other egregious episodes of Big Tech censorship of the electronic public square. The implicit deal with companies like Twitter, Facebook, Google, etc. is very simple: we will look at your ads if you give us a service for free. The deal did not include censorship. But...

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Saudi Arabia’s Quandary: The End of the Petrodollar

As the Biden administration continues to inflate the dollar, other nations are questioning the existence of the petrodollar. Original Article: "Saudi Arabia’s Quandary: The End of the Petrodollar" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Fiscal Illusion and Entitlements

As the State of the Union address and subsequent pronouncements have made clear, American politics is in the firm grip of fiscal illusion. One example is President Biden’s bragging that “In the last two years, my administration has cut the deficit by more than $1.7 trillion—the largest deficit reduction in American history,” which implied that we should only look at a short run effect which had little, if anything, to do with the policies he...

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Woher kommt Corona? #Labortheorie

► Mein Merch: https://shop.marc-friedrich.de/ ► Mein neues Buch Du möchtest das erfolgreichste Wirtschaftsbuch 2021 "Die größte Chance aller Zeiten" bestellen? Auf Amazon: https://www.amazon.de/shop/marcfriedrich oder mit Signatur: https://www.marc-friedrich.de/ ► Friedrich & Partner Vermögenssicherung https://www.friedrich-partner.de/ ► Social Media Twitter: http://www.twitter.com/marcfriedrich7 Instagram:...

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Money Supply Growth Went Negative for the Third Month in a Row, and Is Near a 35-Year Low

Money supply growth fell again in January, falling even further into negative territory after turning negative in November 2022 for the first time in twenty-eight years. January's drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years. Since April 2021, money supply growth has slowed quickly, and since November, we've been seeing the money supply contract for the first time since the 1990s....

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