Category Archive: 6b) Austrian Economics

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Schrödinger’s US-Dollar | Tavi Costa & Ronald Stöferle

2022-09-22

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Tavi Costa of Crescat Capital interviews Ronald Stöferle at this year’s Precious Metals Summit Conference located in Beaver Creek, CO. Together they discussed the current market setup. They discuss an interesting point, that the US-Dollar currently seems to be strong and weak at the same time. The current setup All around the western world we are looking at some sort of recession. Especially in Europe and the USA. Europe right now seems to be much...

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Does Capitalism Itself Create Economic Instability or Is Central Banking the Culprit?

2022-09-22

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2022-09-22

Instability in financial markets has brought back the ideas of post-Keynesian school of economics (PK) economist Hyman Minsky. Minsky held that the capitalist economy inherently is unstable, culminating in severe economic crisis, accumulation of debt being the key mechanism pushing the economy toward a crisis.

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Central Bankers Are Gaslighting Us about the “Strong Dollar”

2022-09-22

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2022-09-22

On February 8, the Japanese yen fell to a 24-year low against the dollar, dropping to 143 yen per dollar. Not much has changed since then with the yen hovering between 142 and 144 per dollar. In September of 2021, one only needed 109 yen to buy a dollar. 

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Why the Fed Usually Ignores its Mandate for “Stable Prices”

2022-09-21

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2022-09-21

In recent years, Congress has attempted to add various new mandates to the Federal Reserve's mission. In 2020, Democrats introduced the "Federal Reserve Racial and Economic Equity Act."  Then, in 2021, pundits and politicians were telling us that it's the Fed's job to "combat climate change."

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Review: Free Market: The History of an Idea

2022-09-21

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2022-09-21

Jacob Soll is a distinguished historian, and Free Market contains much of value, but the book cannot be considered a success, and indeed as it reaches the twentieth century, it becomes a disaster. Even in the parts of the book worth reading, Soll is in the iron grip of a central thesis, one that his historical approach by its nature makes impossible to prove.

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I’m Terrified When I See What’s Going on in the Economy: Ronald Stöferle

2022-09-21

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Fund Manager at Incrementum AG and author of the In Gold We Trust Report Ronald Stöferle gives his overview of the current macro economic environment worldwide, and what he sees makes him very uneasy. An energy crisis in Europe that threatens to spread to the West, growing geo political divides, and reckless government policy is leading to what Ronald sees as a perfect storm for a worldwide recession. Sign up for our free weekly newsletter at...

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Right-Wing Hypocrisy on DeSantis’s Clownish Thuggery

2022-09-20

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2022-09-20

Right-wingers are making a big deal out of the decision by people in Martha’s Vineyard not to take into their homes the immigrants that Florida Gov. Ron DeSantis shipped to them a few days ago. The right-wingers are saying that feeding the immigrants and caring for them was not sufficient.

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Socialism Is Not Groupthink, but Statethink: A Brief Comment on Jordan Peterson

2022-09-20

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2022-09-20

According to Jordan Peterson, left-wing totalitarians are characterized by an ideology in which group identity is paramount. I will demonstrate that this is a misconception. Historically, socialists have fought against feudalism and capitalism in the name of emancipating the individual from any kind of group or class identity.

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Wages, Unemployment, and Inflation

2022-09-19

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2022-09-19

Our economic system—the market economy or cap­italism—is a system of consumers' supremacy. The customer is sovereign; he is, says a popular slogan, "always right." Businessmen are under the neces­sity of turning out what the consumers ask for and they must sell their wares at prices which the con­sumers can afford and are prepared to pay.

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RECESION GLOBAL. ¿O EUROPEA?

2022-09-19

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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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The Truth about American Inequality

2022-09-19

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2022-09-19

Economist and Mises Institute Associated Scholar Robert Ekelund recently teamed up with former US Senator Phil Gramm and John Early to write The Myth of American Inequality: How Gernment Biases Policy Debate.  The book was released this month by Rowman and Littlefield Publishers. In it, the authors explore some of the many ways that the debate over inequality in the United States is based on bad research, bad data, and a variety of other...

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Leere Regale drohen! AdBlue und Düngermangel (Energiekrise)

2022-09-18

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Die Bauernproteste gehen weiter! Auch in Deutschland. Die steigenden Preise, Dünger- und Adbluemangel plus unsinnige Agrarpolitik machen das Leben der Bauern schwer. Immer mehr geben resigniert auf! Was hat sich seit meinem letzten Interview mit Anthony Lee vom LSV Deutschland politisch getan? Holz soll nicht mehr als Energieträger angesehen werden, warum Versorgungsengpässe drohen und jeder sich bevorraten sollte. Das und vieles mehr erfahrt ihr...

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Per Bylund: The Austrian School Approach to Business versus the Business School Approach

2022-09-18

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Business is a form of applied economics. Its purpose is to make people’s lives better. Profit is the signal from society that business is doing a good job in the customer’s estimation.

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Molinari Explains the Difference between Monarchy and Popular Government

2022-09-18

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2022-09-18

With the impending burial of the United Kingdom’s Queen Elizabeth II, republicans from London to Sydney have ramped up their efforts to end the British monarchy. The resulting war of words between monarchists and their opponents has highlighted the sheer diversity of opinions over the desirability of monarchy.

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MASOQUISMO ENERGÉTICO. INTERVENCIÓN EUROPEA E IMPUESTAZO

2022-09-18

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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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Government Intervention into International Currency Exchange Rates: Japan as a Case Study

2022-09-18

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2022-09-18

The recent hefty depreciation of the yen to a twenty-four-year low against the dollar has raised eyebrows due to the yen’s traditional safe haven role in times of turmoil, such as the war in Ukraine. The yen’s decline had already started when major central banks signaled a tightening of monetary policy to fight inflation while the Bank of Japan (BoJ) doubled down on its loose monetary policy and zero target for ten-year bond yields.

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Powell’s Pivot to “Pain” but No Gain: Triggering the Coming Recession

2022-09-17

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2022-09-17

Jay “The Inflation We Caused Is Transitory” Powell finally did it. On Friday, the Fed chair finally mustered the courage to say that he is going to do the job he has been hired to do: the Fed will not “pivot” to cut interest rates until inflation slows meaningfully and persistently—even if the stock, bond, and housing bear markets become much worse and the economy goes into recession.

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Shuffling :)

2022-09-17

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My most popular video on TikTok

2022-09-17

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Outdoor shuffling :)

2022-09-17

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