We are stuck in the middle of the road, far away from full socialism or the unhampered market.On Friday August 2, due to a disappointing jobs report, there was a large sell off on the stock market. After understanding Austrian Business Cycle Theory (ABCT) and the structural fragility the Federal Reserve creates in the production structure, my temptation upon seeing such a large swing in the market is to say, “Finally, I am vindicated! The boom-bust...
Read More »
Category Archive: 6b) Austrian Economics
Diplomacy, Distrust, and Nuclear War
The war in Ukraine rages. Underwritten by US dollars, arms, intelligence, and provocation, US leaders have prolonged the war. And, in funding and arming Ukraine to the teeth, they have escalated tensions with Russia, a nation with thousands of nuclear weapons. Just this week, for the third straight month, the Russian military conducted drills to prepare for using short-range, “tactical” nuclear weapons. The risks could not be graver. Yet, as the...
Read More »
Read More »
Industrial Policy, Green Deals, and the Well-Paid New Public Intellectuals
The renaissance of industrial policy has been promoted by a breed of public intellectuals with considerable financial interests as they are well paid consultants for governments.Our new book, Moonshots and the New Industrial Policy: Questioning the Mission Economy, takes a critical look at the renaissance of state capitalism and interventionist industrial policies. The book features contributions from 23 different scholars, it is published by...
Read More »
Read More »
How the Federal Government Conquered Utah
[Unpopular Sovereignty: Mormons and the Federal Management of Early Utah Territory, by Brent M. Rogers, Nebraska University Press, 2017, xiv + 383 pp.] Behind its clinical-sounding subtitle about “federal management,” Brent Rogers’s Unpopular Sovereignty contains essential history for understanding how American westward expansion paved the way for the growth of federal power during and after the American Civil War.Contrary to the popular myth that...
Read More »
Read More »
The Fable of the Economic “Soft Landing”
According to some commentators, to counter inflation interest rates in the US must increase to a level that effectively restrains the economy. It is held that this increase in interest rates does not have to cause a recession if Fed’s policy makers could orchestrate a “soft landing.” The economy is portrayed as a spaceship that occasionally deviates from a path of “stable” economic growth and “stable” prices. All that is required to fix the problem...
Read More »
Read More »
MONTERO TE MIENTE SOBRE EL ACUERDO DE CATALUÑA
Read More »
American Peronism: Kamala’s Plan to Ruin America’s Economy
Price controls, higher taxes, government intervention, and subsidies paid for by printing a constantly devalued currency.These are the essential pillars of “21st century socialism” and the radical left Peronism that obliterated Argentina. These are also the main elements of the economic plan presented by Kamala Harris and the Democratic Party. Undoubtedly, this is the most radical socialist economic plan ever announced by the Democrats.According to...
Read More »
Read More »
PATXI LÓPEZ METE LA PATA AL INTENTAR DESVIAR LA ATENCIÓN DE LA CORRUPCIÓN
Read More »
Presidential Election or Economic Illiteracy Contest?
The 2024 Presidential election appears to be a showdown between two major party candidates vying to display the most evident lack of understanding of economics. On one hand, Donald Trump advocates for hyper-protectionism and even entertains the idea of reverting to mercantilism, in addition to proposing that the President should have influence over setting interest rates at the Federal Reserve. Despite the glaring absurdity of the latter proposal,...
Read More »
Read More »
The Mises-Hoiles Correspondence: What Might Have Been
From 1949 to 1962, two libertarian giants exchanged several letters until a sharp conflict caused the correspondence to cease abruptly. An American entrepreneur and a staunch libertarian-anarchist, Raymond Cyrus (R.C.) Hoiles (1878–1970) established an impressive newspaper syndicate that would eventually become known as Freedom Newspapers, Inc.—the largest libertarian communications network to date. The other, iconic Austrian economist Ludwig von...
Read More »
Read More »
Why State Enforcement of “Fairness” is Wrong
There is a popular perception that the role of the state is to uphold and enforce “fairness” much like a playground monitor ensures that children are not bullying each other, and that everyone is getting a fair chance to be included in the game. The fear is that if teachers do not monitor the schoolyard it might descend into the Lord of the Flies. Likewise, the state is said to have a moral duty to ensure fairness and goodwill among all citizens in...
Read More »
Read More »
Past Tense
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...
Read More »
Read More »
The Classical Economists’ Theory of Value Was More Sophisticated than You Think
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...
Read More »
Read More »
ESPAÑA ¿El MISMO CAMINO que GRECIA?
Read More »
Personnel is Policy for Kamala Harris
As the saying goes, “Personnel is Policy.” President Trump learned this the hard way, depending heavily on the very Washington, D.C. swamp creatures whose swamp he sought to drain. George W. Bush, having scant foreign policy experience himself, leaned heavily on a stable of neoconservative advisors, who had long pressed for another war with Iraq. What might a Kamala Harris victory in November portend for US foreign policy? Harris’s statements and...
Read More »
Read More »
Thousands of Years Later, Price Controls Are Still a Bad Idea
Read More »
Democrats to Escalate Their War on the American Economy
Democrats didn’t even bother to wait for their 2024 National Convention in Chicago to appoint their replacement presidential candidate, Kamala Harris, and to tout the new economic planks to be added to the party’s platform. In her August 16th speech on the economy, she pledged her loyalty to the party’s current interventionist agenda, professing that the Biden regime’s policies have supposedly been good for the middle class and that she will...
Read More »
Read More »
KAMALA HARRIS BAJARÁ LOS PRECIOS, PERO SOLO SI GANA
Read More »
Ex-Wall Street Trader: The $8 Trillion Bubble Ready to Burst | Jared Dillian
Read More »
Is There a Praxeological Ethics?
Praxeological Ethics: An Inquiry into the Nature and Foundation of Ethicsby J.W. Rich; (Independently published, 2024, 153)I met J.W. Rich when he was a student last month at Mises University, and he mentioned to me that he was working on a book about praxeological ethics. He has now sent me the book, and it is very impressive indeed. It is remarkable in its scope, and in what follows I’ll indicate some points of the many insightful points in the...
Read More »
Read More »
On Swiss National Bank
-
SNB Sight Deposits: decreased by 5.7 billion francs compared to the previous week
-
SNB’s Chairman Schlegel: A few months of negative inflation wouldn’t be a problem
-
2025-07-31 – Interim results of the Swiss National Bank as at 30 June 2025
-
SNB Brings Back Zero Percent Interest Rates
-
Hold-up sur l’eau potable (2/2) : la supercherie de « l’hydrogène vert ». Par Vincent Held
Main SNB Background Info
Featured and recent
-
SPD in PANIK: Massiver Vetternwirtschafts Skandal in Rheinland-Pfalz direkt vor der Wahl! -
Bitcoin: Neues Kaufsignal! -
Ermittlungs-Eifer der Behörden: Meinungsfreiheit in Deutschland bedroht -
3-11-26 Why Most Investors Don’t Actually Have a Long Time Horizon -
Welt-TV: Interview mit Rainer Zitelmann zum Strafverfahren -
VW kündigt Massenentlassungen an | Ernst Wolff -
Kristi Noem’s ‘overdue’ sacking, Trumponomics, and a gravity hoax -
Spritpreis explodiert! Reiche kommt mit „Genie-Plan“! Genau mein Humor -
Bringt Arbeitslosigkeit Deinen ETF in Gefahr? -
IRAN-Eil Update: Es ist eine ganz neue Form von Krieg!