Category Archive: 6b) Austrian Economics

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New Jobs Report: Full-Time Jobs Disappear as Fewer Americans Find Work

2024-02-10

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2024-02-10

According to a new report from the federal government's Bureau of Labor Statistics last Friday, the US economy added 353,000 jobs for the month of January while the unemployment rate held at 3.7%. CNN news was sure to tell us that this was a "shockingly good jobs report" and it "shows America's economy is booming."  At this point, many of us who follow these numbers have become accustomed to the routine: the BLS reports...

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Fed Wisdom and the Magnificent Seven

2024-02-10

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2024-02-10

In this week's episode, Mark takes a quick look back at Fed wisdom in the year 2000, and then surveys today's stock market—and, in particular, the Magnificent Seven stocks, which represent very narrow leadership of the overall stock market. Be sure to follow Minor Issues at Mises.org/MinorIssues. Get your free copy of Dr. Guido Hülsmann's How Inflation Destroys Civilization at Mises.org/IssuesFree.

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Do We Really Want to Go There? A Michigan Jury Endorses Vicarious Criminal Liability

2024-02-10

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2024-02-10

A Michigan jury this past week convicted Jennifer Crumbley of “involuntary manslaughter” after her then-fifteen-year-old son Ethan shot and killed four of his classmates at Oxford High School in 2021, using a gun that his parents had given to him as a present. Ethan had suffered from depression and other mental health issues before his deadly actions, and hindsight obviously tells us that he should not have been given a gun in the first place, but...

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The Fed Claims the Banking System is “Sound and Resilient.” The Banks’ Balance Sheets Say Otherwise

2024-02-10

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2024-02-10

The wordsmiths at the Federal Reserve wisely omitted the line about a “sound and resilient” banking system in its statement on January 31. That same day shares of New York Community Bank plunged when the bank announced a loss of thirty-six cents per share when analysts expected earnings of twenty-seven cents a share for the fourth quarter. Internal or external auditors occasionally comb through individual loans in a bank’s portfolio and make...

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What Can We Learn from the Latest Pentagon Audit? Both Plenty and Not Much

2024-02-09

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2024-02-09

No one was surprised last November when the Pentagon failed its sixth audit, serving up a sorry record of zero and six. The accomplishment received little mainstream media coverage. Scott Ritter excoriated his former employer (and mine) over the fraud, pointing out that the money wasted and the scope of the United States military activity is so massive, it is nearly incomprehensible to most Americans. Ritter points out that audits are done by...

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“Nonsense on Stilts”: The Rhetorical Cornerstone of the American Welfare/Warfare State

2024-02-09

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2024-02-09

In a 1922 essay about Lincoln’s Gettysburg Address in his book Prejudices: Third Series H.L. Mencken asked, “Am I the first American to note the fundamental nonsensicality of the Gettysburg Address”? One example of the nonsense of Lincoln’s rhetoric as explained by Mencken is as follows: “Think of the argument in it. Put it into the cold words of everyday. The doctrine is simply this: that the Union soldiers who died at Gettysburg sacrificed their...

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La Libertad Avanza (a pesar de TODO) con Iván Espinosa de los Monteros

2024-02-09

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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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Responding to James Lindsay’s Critique of “National Divorce”

2024-02-09

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2024-02-09

Bob goes solo to give a point-by-point rebuttal to James Lindsay's recent essay arguing that "national divorce means national suicide." Bob argues that James employs inconsistent claims and ignores the tremendous economic boon to an independent Texas. James Lindsay's Article "National Divorce is National Suicide": Mises.org/HAP434a Bob's Book "Common Sense: The Case for an Independent Texas": Mises.org/HAP434b...

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The Dangerous Consequences of the German Historical School

2024-02-09

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2024-02-09

Ludwig von Mises spends a good deal of time attacking the German Historical School of Economics in Human Action and other works. The doctrines of the school are no longer influential, although as the philosopher and economist Birsen Filip notes in her recent book The Early History of Economics in the United States: The Influence of the German Historical School of Economics on Teaching and Theory (Routledge, 2023), things were once different....

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5 essentielle Bereiche, die dein Leben verändern! #thorstenwittmann #finanziellefreiheit

2024-02-09

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China, Energy Markets & The Bond Market Threat | David M. Hay

2024-02-09

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Grant Williams connected me with Evergreen Gavekal CIO David Hay many years ago, calling him “one of the good guys.” In this interview, David and I unpack the future of nuclear energy and oil & gas investing, along with the trouble in China’s stock and real estate markets. David adds to my long list of reasons why China is un-investable right now. He also shares a specific investing signal we should all watch—and deems it “the most important...

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The Double-Edged Sword of School Choice

2024-02-09

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2024-02-09

School Choice has become a hot button political topic, especially for right-wing America. Conservatives, libertarians, and everyone that is to the left of the Democratic Party have grown increasingly more skeptical of the public education system. Between ideological indoctrination, what might be rightfully described as “grooming” into social contagions, and declining educational gains, public education has demonstrated its utter failures. The...

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AfD-Verbot = politische Farce und Heuchelei … Warum die AfD wirklich gewählt wird?!

2024-02-09

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AfD-Verbot und die eigentliche Ursache: Warum wir die wahren Probleme angehen sollten Klartext-E-Letter: https://thorstenwittmann.com/klartext-yt Homepage Thorsten Wittmann: https://thorstenwittmann.com/ AfD und die große Heuchelei! Wenn du unsere wöchentliche Tippserie über die inzwischen knapp 8 Jahre verfolgt hast, dann weißt du, dass ich mich sehr selten politisch äußere. In diesem Video habe ich meine persönliche Meinung...

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Vilfredo Pareto, Pessimistic Follower of Molinari

2024-02-09

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2024-02-09

One prominent person rarely associated by scholars with the Bastiat-Ferrara laissez-faire school was the eminent sociologist and economic theorist, Vilfredo Federico Damaso Pareto (1848-1923). Pareto was born in Paris into a noble Genoan family. His father, the Marchese Raffaelle Pareto, a hydraulic engineer, had fled Italy as a republican and supporter of Mazzini. The senior Pareto returned to Italy in the mid-1850s and gained a high rank in the...

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¿POR QUÉ ES URGENTE UN MILEI EN ESPAÑA Y AMÉRICA?

2024-02-08

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El avance del socialismo del siglo 21, está causando un desastre total en toda Hispanoamérica. El socialismo está empeorando la economía, dejando a la gente más pobre y deteriorando las condiciones económicas. Hay que dar la batalla cultural hoy mas que nunca. 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 -...

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On Decolonizing Property Rights

2024-02-08

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2024-02-08

One of the most destructive aspects of the “decolonize” movement is its insistence that scientific principles are as subjective as cultural beliefs. Decolonizers argue that the natural sciences—physics, mathematics, chemistry, and biology, along with computer science—should be analyzed from different ethnic and racial perspectives. For example, students in a field designated as “Afrochemistry” are taught to “implement African American sensibilities...

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Ryan McMaken vs. Libertarian Imperialists

2024-02-08

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2024-02-08

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop do a recap of Ryan's debate at LibertyCon on the question of national divorce. Tho and Ryan address some of the libertarian arguments against secession, as well as the larger divide between libertarians like David Boaz and Rothbardians on matters of voluntary association. Discussed on the Show  Ryan's debate — Will a National Divorce Lead to More Individual...

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After Trump, Then What?

2024-02-08

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2024-02-08

The case against Clevinger was open and shut. The only thing missing was something to charge him with. —Joseph Heller, Catch-22 Austrians call it high time preference. In psychology it’s an area of research called future orientation. Hall of Fame football coach George Allen expressed it as “The future is now.” Almost everyone seems born with it, and a growing number don’t outgrow it. Today in American politics, it is strongest among one faction in...

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Dirk Müller – ️ Aktuelle Experimente mit tödlicherer Variante – Wo bleibt der Aufschrei?

2024-02-08

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👉 𝐂𝐚𝐬𝐡𝐤𝐮𝐫𝐬.𝐜𝐨𝐦: 𝐉𝐞𝐭𝐳𝐭 𝟏 𝐌𝐨𝐧𝐚𝐭 𝐟ü𝐫 𝟏€ 𝐭𝐞𝐬𝐭𝐞𝐧 ►► https://bit.ly/Cashkurs_1 Cashkurs-Videos vom 25.01.2024 von Dirk Müller mit dem Titel "Meine Sicht: Labortheorie jetzt offiziell, aktuelle Experimente mit tödlicherer Variante – Wo bleibt der Aufschrei?" Um tägliche Videos zum Marktgeschehen zu sehen, jetzt schnell anmelden und Cashkurs für einen Monat für einen Euro testen. 📧 Gratis-Newsletter inkl. täglichem DAX-Update ►►►...

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Government Banks Would Be a Dangerous Tool for Progressive Ideologues

2024-02-07

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2024-02-07

Congresswomen Rashida Tlaib and Alexandria Ocasio-Cortez have introduced legislation to create government-owned banks, ostensibly to “increase accountability.” In truth, the banks would exist to fund progressive causes. Original Article: Government Banks Would Be a Dangerous Tool for Progressive Ideologues

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