Category Archive: 6b) Austrian Economics

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¿ES ESPAÑA LA MEJOR ECONOMÍA DEL MUNDO?

2024-12-14

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España, líder según The Economist en 2024, pero con deuda, paro y empobrecimiento 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! #Economía...

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Legalizing Drugs: How to Make America Great Again

2024-12-14

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2024-12-14

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...

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Nein, Mr. Gujer, Germany Should Not Raise its Debt Limit

2024-12-14

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2024-12-14

The decayed and degraded state of German infrastructure has prompted Eric Gujer to publish an opinion piece in the Neue Zürcher Zeitung (NZZ) in which he advocates for a compromise between conservatives (increase the debt limit and thereby free up funds for renovations), progressives (reform social spending), and the government (reduce subsidies). Should Germany fail to manifest the collective willpower necessary to bring about such a political...

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LA HIPOCRESÍA DE LA POLÍTICA ENERGÉTICA

2024-12-13

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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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Real Democracy Can Only Be Freedom

2024-12-13

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2024-12-13

With the advent of representative democracy over a century ago in most of the West, the popular belief was that the “rule of the few” would be relegated to the dustbin of history. This never happened, of course, as has become clearer to the “many” over the decades. Indeed, the ruling Western oligarchy has become more visible than before, too brazen in its attempts to ram through its globalist agenda on the world.The illusion of representative...

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Dred Scott, Politics, and the “Living” Constitution

2024-12-13

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2024-12-13

In a 2022 article titled “Will the U.S. Supreme Court ever get around to overruling the shame of Dred Scott?” the surprising proposition is advanced that the1857 Dred Scott case is “still precedent” in the United States, and that “racist lawyers and racist judges can (blatantly or discreetly) rely on it in their arguments and rulings.” Like President Biden’s Antilynching Act of 2021, we are asked to believe that the injustices of past centuries are...

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MILEI BAJARÁ EL 90% DE LOS IMPUESTOS EN 2025

2024-12-13

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La economía crece, la inflación cae y la pobreza disminuye. Argentina avanza hacia la libertad. 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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2025’s Federal Deficit May Be the Biggest Ever

2024-12-13

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2024-12-13

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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Trump’s Economic Policies: The Good, The Bad, and the Uncertain

2024-12-13

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2024-12-13

The US economy is ultimately driven by millions of people working hard to create and trade goods and services, but the US federal government can impact the economy in three main ways: 2) fiscal and regulatory policy: impacts production and who benefits and loses; 2) foreign policy and war: impacts production, life, and quality of life; and, 3) monetary policy: impacts inflation/deflation and boom-bust cycles.The key lesson of economic science was...

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The US Is Now on Track for a $3.5 Trillion Deficit in 2025

2024-12-13

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2024-12-13

According to the latest monthly statement from the Treasury Department, the US government spent $668 billion in November, the second month of the 2025 fiscal year. That’s in addition to October’s spending total of $584 billion, for a total of $1.25 trillion in spending so far this year. All that spending is a drain on the real economy. But it gets worse: the federal government has only collected $628 billion in revenue for the same period, meaning...

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Slavery—Cronyism, Opportunity Cost, & Deadweight Loss

2024-12-13

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2024-12-13

Slavery has existed throughout history in all places and cultures. In fact, while the American South dubbed it the “peculiar institution,” historically, voluntary-free labor is the true peculiar institution. Slave labor was not originally introduced by the political state yet, as with many things, slavery could not have had the scope or extent that it did in human history absent the coercive apparatus of the political state to uphold it. Through...

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The Missing Secret

2024-12-13

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2024-12-13

Princeton University Press released in September a new English translation of the first volume of Marx’s Capital. The editors, Paul Reitter and Paul North, tell us that the new translation is the product of five years’ labor. In this week’s column, I’d like to ask what I am sure they would regard as an impertinent question. Why have they bothered? Why do we need a new English translation of the first volume?They acknowledge that there are excellent...

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What’s More “Wicked” than the Crime of ’73?

2024-12-13

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2024-12-13

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 Jacobin Origins of Nationalism

2024-12-13

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2024-12-13

It is a worthwhile project to examine, detail, and prove the leftist nature of nationalism, its core aspects, its history, and the effect it has played in history. This article will be about the beginning of nationalism and on exactly which group created it. It seeks to demonstrate that there is no such thing as leftist nationalism since all nationalism is leftist by nature.Origins of NationalismIn the modern political context, many associate...

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Why Does Government Always Make the Same Economic Mistakes?

2024-12-13

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2024-12-13

Most economic analysts predict that the US is about to enter into a cyclical recession. Even Austrian School economists (like me) agree. The big question is, “What will government do?” Will it finally stop its fruitless interventions, such as trying to drive down the interest rate via inflation in the face of unprecedented budget deficits?Look to Past ActionsTom Fitton, CEO of Judicial Watch, answered this question (regarding another matter) during...

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TRUMP ARRASA EN SU ENTREVISTA MÁS IMPORTANTE

2024-12-12

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Donald Trump explica su política económica, de inmigración e inflación en una entrevista. 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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EL MERCADO DEL PETRÓLEO PIERDE RELEVANCIA

2024-12-12

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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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Stakeholder Capitalism and the Corporate KPI Cult

2024-12-12

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2024-12-12

In private business “[t]here is no need to limit the discretion of subordinates by any rules or regulations other than that underlying all business activities, namely, to render their operations profitable.”—Ludwig von Mises, Bureaucracy, p. 46In this quote from his classic 1944 book Bureaucracy, Mises explains why private, for-profit businesses need not, and should not, be bureaucratic and entangled in rules and regulations mandated from the top...

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Economists and the State: From Enemies to Friends

2024-12-12

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2024-12-12

Economists and the state are natural enemies. The central principle of economics is that the means for improving human well-being—what economists call “goods”—are naturally scarce and must be produced before they can be used to satisfy human wants. The scarcity principle also implies that, once produced, goods cannot be bestowed on one person without depriving some other person or persons of their use. In other words, there is no such thing as a...

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The Misesian, vol. 1, no. 6, 2024

2024-12-12

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2024-12-12

Another national election has come and gone, and like many of our readers, I think the less awful candidate won. After all, a victory for Kamala Harris was likely to be interpreted as an endorsement of the status quo and a “mandate” for more of the same.Unfortunately, though, opposition to the status quo is not the same thing as support for peace, freedom, or free markets. Dissatisfaction with the regime is good, but it’s not enough. We will see...

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