Category Archive: 6b) Austrian Economics

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Óscar Puente ACUSA, Milei le RESPONDE

2024-05-04

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#milei #oscarpuente #pedrosanchez #crisis #españa #argentina #liberalismo #socialismo 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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State Coercion and the Injustice of Apartheid

2024-05-04

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2024-05-04

Many libertarians hold the view that state coercion is wrong, regardless of the ends to which that coercion is deployed. It is wrong for the state to force people apart in an apartheid system, and it is also wrong for the state to force people to engage in “inclusivity” under systems of equity and diversity which force people into contractual relations against their will for example in the context of employment or housing. This is what Lew Rockwell...

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Public Schools and the State’s Omnipotent Bayonet

2024-05-04

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2024-05-04

From everything I read you would think we were incapable of solving social problems.In truth, we find matters only getting worse because the proposed solutions almost always involve the culprit—the state—taking more control over our lives.The state is a box we desperately need to think outside of if we’re ever going to establish civil relations among people. We would do well to remember that the state is absolutely not in the business of making our...

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Consumer Confidence

2024-05-04

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2024-05-04

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...

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How Does the Federal Reserve Fit into Our Constitutional Order?

2024-05-03

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2024-05-03

This article is adapted from a lecture delivered to the Federalist Society: The Federal Reserve is a fundamental problem for the Constitutional order of the American Republic. How can it be that it considered itself able to unilaterally impose permanent inflation on the country, without legislative debate or approval?The shifting theories believed by central banks are among the most important of macro-economic factors. For example, William...

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The TikTok Ban Is the Next Patriot Act

2024-05-03

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2024-05-03

HR 7521, called the Protecting Americans from Foreign Adversary Controlled Applications Act, is a recent development in American politics. TikTok has been in the news for the past few years, after the public became aware of its connections to China. The popular social media mobile app is currently owned by ByteDance Ltd, a Chinese company. China and the United States currently have a rocky relationship, leading to fears that the Chinese government...

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¿DEBEMOS PREPARARNOS Para una Guerra Mundial?

2024-05-03

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Link al programa completo - -7oyCI5_8&list=PL-j1qqL5tzpdd2AmBWsg04qNC1PMLEGl2&index=2 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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A “New” Book of Essays by William Graham Sumner

2024-05-03

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2024-05-03

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...

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El DÓLAR RESERVA MUNDIAL

2024-05-03

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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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Robert Kagan Goes on a Tear

2024-05-03

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2024-05-03

Rebellion: How Antiliberalism Is Tearing America Apart—Againby Robert KaganAlfred A. Knopf, 2024; 243 pp.Robert Kagan, a senior fellow of the Brookings Institution, has acquired over several decades a well-deserved reputation as a defender of war. Like Woodrow Wilson, he believes the world must be made safe for democracy. He strongly supported George W. Bush’s war against Iraq, and though the war is widely regarded as a failure, Kagan disagrees....

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MMT and Boiling Frogs

2024-05-03

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2024-05-03

“Why do we borrow our own currency in the first place?”Stephanie Kelton posed this question in her new documentary, Finding the Money, and a clip of Jared Berstein’s fumbled response to the question has gone viral on social media. Bernstein is the Chair of the Council of Economic Advisers to Biden, and so we would expect that he would have an articulate answer to Kelton’s question, but he did not.Instead of trying to parse his response or explain...

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Full-Time Jobs Fall Again as Total Employment Flatlines in April

2024-05-03

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2024-05-03

According to a new report from the federal government’s Bureau of Labor Statistics this week, the US economy added 175,000 jobs for the month of April while the unemployment rate rose slightly to 3.9%. The new reported job growth was considered a “miss” in that it came in below expectations, and for the first time in months, the media did not declare the jobs report to be “a blowout” or “strong.” Instead, the official narrative seemed to be that...

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Jetzt Bitcoin kaufen oder verkaufen? Wichtiges Krypto-Update

2024-05-03

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Einfluss von Großkapital und Regulierung auf die Entwicklung des Kryptomarktes NGO-Finanz-Revolution am 7.5.24 um 19:00 Uhr: https://thorstenwittmann.com/ngo-live-2024 Klartext-E-Letter: https://thorstenwittmann.com/klartext-yt Jetzt Bitcoin kaufen oder verkaufen? Das Krypto-Update Jürgen Wechsler kommt ursprünglich aus der Investmentbranche, hat als Führungskraft viele Jahre Währungen für Großbanken getradet und beschäftigt sich seit knapp...

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Texas Governor Abbott Doesn’t Understand the First Amendment

2024-05-03

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2024-05-03

On the 27th of March, Texas Governor Greg Abbott signed an executive order which had the purpose of curbing speech deemed as “anti-semitic” on all state-run universities. Unfortunately, speech protection on public universities has been shaky in the past with universities attempting to restrict speech many times with varying levels of success. Supreme Court decision Healey v James 1972 states that “Among the rights protected by the First Amendment...

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What Can Carl Menger Teach Us about Falafel Sandwiches?

2024-05-03

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2024-05-03

Earlier this year, I gave a short course on Carl Menger’s Principles of Economics for scientists and engineers at my institute. The course was brief, and I focused only on ideas that were relevant for researchers in engineering and the natural sciences. One of the ideas we talked about was supply and demand, in order to link it to the supply and demand of research-related things: the labor of researchers, research articles on specific topics, and...

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Biden Perpetuates Washington’s Idiotic Steel Trade Policies

2024-05-02

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2024-05-02

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...

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The Federal Reserve’s Capital Has Now Plummeted to Negative $121 Billion

2024-05-02

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2024-05-02

Hold up your hand if you think that the aggregate losses of an organization are an asset of that organization. No hands at all? Absolutely right. Losses are not an asset. That’s accounting 101. Yet the greatest central bank in the world, the Federal Reserve, insists on claiming that its continuing losses, which have accumulated to the staggering sum of $164 billion, are an accounting asset.The Fed seeks to palm off this accounting entry as a...

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Free-Market Profit Comes From Voluntary Exchange, not Exploitation

2024-05-02

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2024-05-02

In our modern political culture, many people claim that profits are the outcome of some individuals exploiting other individuals. Hence, anyone who is seen trying to make profits is regarded as an enemy of society and must be stopped before inflicting damage. According to Henry Hazlitt, “The indignation shown by many people today at the mention of the very word profits indicates how little understanding there is of the vital function that profits...

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Javier Milei and Argentina’s Economic Challenge

2024-05-02

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2024-05-02

The Misesian: It seems to many that Javier Milei was elected due to widespread dissatisfaction with the state of the economy in Argentina. Is this a correct assessment?Nicolás Cachanosky: Yes, I believe that is quite accurate. Argentina’s economy has been plagued by increasing inflation since 2007, reaching a world record of 210 percent in 2023. Additionally, the economy has been stagnant since 2011. Poverty rates are also troubling. Consider this:...

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From the Editor March / April 2024

2024-05-02

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2024-05-02

Inflation Is Destroying UsOne of the most damaging shortcomings of modern statistics-based economics is that it all too often removes the individual human person from its analysis. In this setting, “economics” becomes a matter of “macro” aggregates and data factoids like GDP and CPI. This kind of “economics” removes the individual acting person as the central, key variable.Austrian School economics, on the other hand, never loses sight of the...

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