Category Archive: 6b) Austrian Economics

To “Save Democracy,” Facebook Bans “Dictator”

Facebook notified me on Sunday morning that eight years ago, I posted a link to my Washington Times article warning of Dictatorial Democracy regardless of whether Hillary Clinton or Donald Trump won the 2016 election. The opening sentence set the tone: “The 2016 election campaign is mortifying millions of Americans in part because the presidency has become far more dangerous in recent times.” Facebook always gives users the option to “Share a...

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KAMALA HARRIS PODRÍA SUFRIR UNA DERROTA HISTÓRICA

Harris pierde popularidad: su mínima ventaja sobre Trump y evasión en temas clave como antisemitismo y fracking dejan a votantes desilusionados. 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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DANA EN VALENCIA: EL GOBIERNO IGNORÓ LAS ALERTAS Y OCULTÓ INFORMACIÓN

Más de 200 muertos y 250 desaparecidos en Valencia, una tragedia que se pudo haber evitado. 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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Consumers Upbeat, Bankruptcies and Foreclosures Increase

Normal folks rejoiced when the Federal Reserve lowered the only interest rate it controls, Fed Funds, by a surprise 50 basis points. However, since then, the rate on 10-year bonds has increased 70 basis points. Focusing on the positive, Almost Daily Grant’s (ADG) reports “An outbreak of optimism has taken hold across the land, as the Conference Board’s monthly gauge of consumer sentiment painted a pretty picture for the economy and asset prices...

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There’s No Market Process Independent of Competition

Many misconceptions about the nature of the free market system stem from an ignorance of who ultimately benefits from the market process. That the significant number of those who would benefit the most from the operations of the market—consumers—tend to also harbor much of the antagonisms against logically necessary features of the market highlights the unfortunate reality that the majority of people have yet to rightly understand how their best...

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Government Coverups and Censorship Are the Problem

“What makes it possible for a totalitarian or any other dictatorship to rule is that people are not informed; how can you have an opinion if you are not informed? If everybody always lies to you, the consequence is not that you believe the lies, but rather that nobody believes anything any longer… And a people that no longer can believe anything cannot make up its mind. It is deprived not only of its capacity to act but also of its capacity to...

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Private-Sector Jobs Went Negative in October. Will the Fed Panic Again?

According to the most recent report from the federal government’s Bureau of Labor Statistics, the US economy added only 12,000 payroll jobs during October. This was the smallest month-to-month employment gain in nearly four years. Moreover, total private jobs fell in October by 28,000.This is the worst employment report since 2020, and it reflects an overall downward trend in employment growth since 2022. In addition to the drop in private...

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Lessons from Reconstruction

In “The Terror of Reconstruction,” Lew Rockwell highlights the dangers of governments seeking to suppress their political opponents by an assault on citizens’ liberties. He draws upon the experience of the South under military dictatorship during the Reconstruction years as an example of what happens when governments embark on social revolution. One tactic described by Rockwell is denying the vote to those who supported their opponents:In the...

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The Great Political Divide in America

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 Reality of Red-State Fascism

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 CASO ERREJÓN HUNDE A SUMAR Y PODEMOS

Líderes de Sumar encubren a Errejón y otros casos graves mientras presumen de defender derechos. 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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The Economics of Prepping

Prepping is a very small industry in the United States, with annual spending specifically on “prepping” less than what government will spend in the time it took me to prepare this episode of the podcast.The amount of spending is an interesting issue, so is the purpose and efficiency of prepping. However, the mainstream media demeans preppers as irrational and out of touch with reality. Note that, from a scientific point of view, however, prepping...

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Election 2024: Three Nations Already Inside Our Systems | Karim Hijazi

Sign up for my free newsletter here: https://www.mauldineconomics.com/go/JM563M/YTB When it comes to cybersecurity, intelligence expert Karim Hijazi says the election is not “under control.” All the usual suspects—Russia, China, Iran—plus “hackers for hire” are busy meddling in the election. Their goal isn’t necessarily to tilt the scales in favor of one candidate or party, but to sow political and social discord, thus weakening the US as a...

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The Indian Rope Trick

Social Justice and the Indian Rope Trickby Anthony de Jasay. Liberty Fund, 2014; 200 pp. The political theorist and economist Anthony de Jasay has given us a large number of interesting arguments in his book and in what follows I’d like to discuss a few of these.The Indian rope trick features an Indian fakir who throws a rope high into the air and then climbs up it, disappearing without visible means of support. De Jasay suggests that the demand...

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Unpacking Mises: Fractional Reserve Banking and the Currency School

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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Bankkonto in Gefahr! Merz und CDU wollen dein Bankguthaben enteignen | Das kannst du jetzt tun

Friedrich Merz und die Enteignungspläne der CDU: Gefahr für dein Geld? Freitagstipps abonnieren: https://thorstenwittmann.com/klartext-yt 4-Augengespräch Finanzielle Freiheit: https://thorstenwittmann.com/telefontermin-formular-hpc/ Im heutigen Tippvideo sehen wir uns den ungebremsten Verfall der deutschen Wirtschaft, Kultur und Werte genauer an. Hast du z.B. mitbekommen, dass die „rechtskonservative“ CDU unter Merz bereits Enteignungen von...

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“Victory Plan” or Deadly Delusion? Zelensky’s Perilous Five-Point Plan

It’s finally here: Ukrainian Volodymyr Zelensky’s “Victory Plan,” furtively touted for weeks as Zelensky sought, unsuccessfully, to peddle it to world leaders. Until now, all that Zelensky would say in public was that this clandestine plan paradoxically would not require negotiation with Putin, but also provides a way to strengthen Ukraine in order to “push Putin” to diplomatically end the war. Tone deaf in the extreme, several weeks ago Zelensky...

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EL MERCADO DESCONFÍA DE LA FED Y SE PREPARA PARA LO PEOR

El mercado no cree a la Reserva Federal sobre la inflación. El oro sube mientras el petróleo cae. 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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Gold Is Back—And So Is Judy Shelton

Gold is on the rise, and so is the typical gold-standard nostalgia that has erupted every time price inflation, banking crises, and/or debt concerns have reappeared after the fall of the Bretton Woods gold-exchange standard in 1971. Certainly, the precious metal’s ascent, as usual, is signaling that all is not well.Earlier this year, the precious metal soared past $2500 an ounce to all-time price highs, making it one of the best-performing assets...

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What Will You Do When Kamala (or Trump) Wins?

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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