Category Archive: 6b) Austrian Economics

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US x China Trade War Part 2?

2024-11-16

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Trade War Incoming! ❗ Check out Ed D'Agostino's full conversation with Shehzad Qazi, the managing director at China Beige Book here: -Q0

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Why FEMA Makes Things Worse: Theory and History

2024-11-16

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2024-11-16

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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A Walk on the Supply Side

2024-11-16

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2024-11-16

[Editor’s note: In this article, originally published in October 1984, Murray Rothbard critiques a problem with the economics of Republicans and conservatives. Namely, its proponents think they can have it both ways by cutting tax rates and increasing government spending, while somehow not running up huge deficits. Much of this is based on the so-called Laffer curve idea, which Rothbard regards with skepticism. Moreover, Rothbard notes that when...

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¿ESTAMOS REALMENTE PREPARADOS PARA LA PRÓXIMA CRISIS MUNDIAL?

2024-11-15

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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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Erasing Black Confederates

2024-11-15

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2024-11-15

In 2019 The New York Times launched their 1619 project, which “aims to reframe the country’s history by placing the consequences of slavery and the contributions of black Americans at the very center of our national narrative.” In the NYT retelling of American history, black troops who fought for the Union in the 1861-65 war are to be commemorated, but black Confederates must be summarily erased. The aim of this article is to argue against this...

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Caplan’s Errors on the UAE and Open Borders

2024-11-15

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2024-11-15

Arguments advanced to support a political position often fail to withstand the slightest scrutiny. Rather, they are meant to make an impression on the impressionable—those who lack the context required to make an evaluation—and draw large numbers of the uninformed to one side of a political debate. Such is the case with libertarian economist Bryan Caplan’s recent article in favor of unrestricted immigration, wherein he uses the United Arab Emirates...

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HIPOCRESÍA CLIMÁTICA DEL GOBIERNO Y LO QUE NIEGAN EN LA PRÓXIMA DANA

2024-11-15

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El gobierno recauda 21.000 millones en impuestos "verdes", pero destruye embalses, frena prevención de inundaciones y prohíbe limpiar ríos. 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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We’re Already on Track for a $2 Trillion Deficit this Year

2024-11-15

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2024-11-15

The Treasury Department posted its latest revenue and spending totals this week, and deficits continue to mount at impressive speed. During October—the first month of the 2025 fiscal year—the federal deficit was more than a quarter of a trillion dollars, coming in at $257.4 billion. Tax revenue in October had totaled $326 billion, but spending totaled $584 billion. Now one month into the new fiscal year, the federal government is on pace to add...

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“NAFTA Fever” and the Myth of Government-Created Free Markets

2024-11-15

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2024-11-15

Left or right, the enemy is the free market. Every problem is the fault of the free market. On the left, the supposed radical deregulation of the 1980s paved the way for the financial crisis and the destruction of the environment. On the right, free trade is responsible for the gutting of manufacturing. The free market is made out in this mythos to have had its heyday in the 1980s and ‘90s and destroyed everything. Even free market advocates fall...

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Price Inflation Accelerated in October Following the Fed’s Rate Cut

2024-11-15

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2024-11-15

According to the Bureau of Labor Statistics’ latest price inflation data, CPI inflation in October accelerated and month-to month increases in CPI inflation hit multi-month highs.The seasonally adjusted Consumer Price Index (CPI) rose 0.24 percent month over month in October, rising to a six-month high. Year over year, the CPI rose 2.49 percent in October, not seasonally adjusted. That’s a three-month high.The ongoing price increases largely...

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TRADE WAR 2.0: Why Trump vs Xi Will Be Different This Time | Shehzad Qazi

2024-11-15

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Sign up for my free newsletter here: https://www.mauldineconomics.com/go/JM563N/MEC Shehzad Qazi, the managing director at China Beige Book, pegs the probability of a US-China trade war in 2025 at 100%. He expects Trump to sign tariff legislation on day one of his second term. In our interview, Shehzad discusses what this means for US-China relations, along with China’s staggering trade surpluses, and how Europe and emerging markets fit into the...

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Stanley’s Orwellian Anti-Fascism

2024-11-15

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2024-11-15

Erasing History: How Fascists Rewrite the Past to Control the Future. By Jason Stanley. Atria One Step Publishing, 2024; 256 pp.Jason Stanley is a well-regarded philosopher of language, but you would never realize it from this rambling and incoherent book. Stanley rightly says that control of public education is an essential characteristic of fascism. By “fascism,” I should add, he includes Nazism. He also notes that fascists wanted to restrict the...

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Stanley’s Orwellian Anti-Fascism

2024-11-15

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2024-11-15

Erasing History: How Fascists Rewrite the Past to Control the Future. By Jason Stanley. Atria One Step Publishing, 2024; 256 pp.Jason Stanley is a well-regarded philosopher of language, but you would never realize it from this rambling and incoherent book. Stanley rightly says that control of public education is an essential characteristic of fascism. By “fascism,” I should add, he includes Nazism. He also notes that fascists wanted to restrict the...

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Die BRICS-Rebellion ist gestartet | Dramatische Folgen für Dollar, Euro und bald leere Regale?

2024-11-15

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Währungskrieg und Versorgungsengpässe: Jürgen Wechsler analysiert die neuen BRICS Handelswährungen Zum Geldtraining: https://thorstenwittmann.com/brics-weltordnung Freitagstipps abonnieren: https://thorstenwittmann.com/klartext-yt Brics+ greift an (ohne es so zu nennen). Die westlichen Medien tun das, was sie am besten können … schweigen. Die USA droht anderen Ländern bereits mit 100% Zöllen (!) und attackiert parallel erste Währungen, die...

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The Context Behind Donald Trump’s “Takeover” of the American Right

2024-11-15

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2024-11-15

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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It’s Greek to Us: Angry Generation Z Women Reenact “Lysistrata” Post-Election

2024-11-15

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2024-11-15

In the aftermath of Donald Trump’s decisive victory over Kamala Harris on November 5, millions of American women—especially those of Generation Z, born between 1997 and 2012, currently aged from 12 to 27—are despondent and dismayed that Democrats’ campaign focus on abortion policy did not convince more voters to choose Harris. They are convinced that their “my body, my choice” freedom has been stolen from them by the Supreme Court’s 2022 decision...

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Totalitarianism Begins With A Denial of Economics

2024-11-14

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2024-11-14

In the history of the social sciences, no other field of study has attracted so great a level of hostility as the science of economics. Since the inception of the science, the onslaught against it has been on the rise, extending across individuals and groups. And the outlook for a favorable reception of the science is bleak, given that a significant number of people are incapable of following through the extended chains of reasoning required for...

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Abolish the Department of Homeland Security

2024-11-14

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2024-11-14

The Trump transition team on Wednesday announced that he is nominating South Dakota governor Kristi Noem as the next head of the Department of Homeland Security (DHS). In the coming weeks, we’ll hear a lot about Noem’s personal politics and origins. We’ll also hear about how the DHS is, as the AP puts it, “one of the biggest government agencies that will be integral to his vow to secure the border and carry out a massive deportation...

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Elections: Do They Really Matter?

2024-11-14

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2024-11-14

This article is adapted from a speech delivered at the Mises Circle in Fort Myers, Florida on November 9, 2024.The answer to the question posed in the title is: Yes and No. Yes, some elections have made a significant difference but in general, no, they have not. There are many reasons why elections generally no longer make much of a difference in terms of the economy. One is that for the past half century the average reelection rate of incumbents...

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Freedom and Property: Hans-Hermann Hoppe Talks About the Essence of Anarcho-capitalism

2024-11-14

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2024-11-14

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 »