Category Archive: 6b) Austrian Economics

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The Spirit of the Establishment Will Thrive under a “Populist Opposition” Government

2023-11-02

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2023-11-02

Audio Mises Wire
Is a true populist US government on the horizon? Probably not. Original Article: The Spirit of the Establishment Will Thrive under a "Populist Opposition" Government

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A Fed-Induced “Neutral” Interest Rate Is a Contradiction in Terms

2023-11-02

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2023-11-02

The New York Federal Reserve said on Tuesday, September 5, 2023, that the estimate for the neutral rate for Q2 has eased to 0.57 percent from 0.68 percent in Q1. Analysts typically translate that rate into a real-world setting by adding the neutral rate to the Fed’s 2 percent inflation target. The current reading suggests that a federal funds rate of around 2.5 percent would represent a neutral setting. Given that the Fed’s current target rate...

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Rethinking “safe” investments

2023-11-02

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2023-11-02

Part I of II by Claudio Grass, Hünenberg See, Switzerland To most observant citizens and diligent investors it is surely quite obvious that the current monetary, fiscal and banking system is inherently flawed, hopelessly unjust, corrupt, unsustainable and simply destined to collapse sooner or later. With every (predictable) recession and every (foreseeable) crisis, this structure gets weaker; its very own architects increasingly second-guess...

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The Objective Science of Subjective Value

2023-11-01

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2023-11-01

While most economists admit that value is subjective, they still err by concentrating on scarcity and choice instead of purposeful action by individuals. Original Article: The Objective Science of Subjective Value

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Turkey Is Sustaining Major Inflation. Something Has to Give

2023-11-01

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2023-11-01

Bloomberg reports that price inflation in Turkey was more than 60 percent in September. The 61.5 percent reading was released by the Turkish government’s statistical office. Being on the ground in Turkey for Hans-Hermann and Gülçin Hoppe’s Property and Freedom Society meeting, I can say the vibe was not hyperinflationary. The shelves are not empty and the port city of Bodrum is booming. Professor Hoppe told the crowd Bodrum has grown from a...

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Thanks to the Combination of the Fed and IP, Snow White 2024 Is a Terrible Movie

2023-11-01

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2023-11-01

Because Federal Reserve policies distort the economy and create perverse incentives, Disney also must deal with intellectual property issues. The combination of the two will ruin the Snow White story. Original Article: Thanks to the Combination of the Fed and IP, Snow White 2024 Is a Terrible Movie

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Don’t Fall for Biden’s Latest Talking Point

2023-11-01

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2023-11-01

As the long-hyped Ukrainian counteroffensive against Russia stalls and a new war in Gaza draws the world’s attention, American support for funding Kyiv’s war has waned. In an effort to reverse this, the Biden administration is changing its messaging. A Politico report from last week details how White House aides are now telling members of Congress to sell Americans the lie that continuing to send money and weapons to Ukraine is good for the...

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How German Exports Lost the Race with China

2023-10-31

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2023-10-31

Germany is the euro area’s economic powerhouse and most competitive economy. It accounts for close to 30 percent of the euro area gross domestic product (GDP) and has recorded sizable current account surpluses since the introduction of the euro. Substantial fiscal and labor market reforms in the early 2000s propelled the German economy. However, these golden days seem all gone now. Years of misguided energy policies—part of the government’s...

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A Rothbardian Critique of Effective Altruism

2023-10-31

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2023-10-31

"Effective altruism" has become a buzzword with modern progressives who seek to combine state power and billionaire-funded nonprofits to redirect resources. Original Article: A Rothbardian Critique of Effective Altruism

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China’s Inefficient and Unsustainable Central Planning

2023-10-31

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2023-10-31

Over one hundred years ago, Ludwig von Mises wrote about the impossibility of successful rational economic planning under socialism. Yet China is still trying, even while its blend of markets and socialism results in shortages and surpluses. This article examines three contemporary initiatives spearheaded by Xi Jinping, each marked by an inherent problem: food insecurity, the aging crisis, and the real-estate bubble. Each problem was created by...

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The Inherent Evils of Centrism

2023-10-31

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2023-10-31

Most people will claim to be political and social “moderates” yet actually accept extreme socialist viewpoints. Original Article: The Inherent Evils of Centrism

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Government-Enforced Paid Family Leave Is Not Pro-Family

2023-10-30

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2023-10-30

Christianity Today magazine enthusiastically endorses government-enforced family leave, calling it “pro-family.” Government coercion, however, is still violence, not something to be championed. Original Article: Government-Enforced Paid Family Leave Is Not Pro-Family

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Statism Is the Cause of the Israel-Hamas War

2023-10-30

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2023-10-30

The State is an organized crime racket. It appropriates wealth by coercion and regularly uses force in violation of the n0n-aggression principle. The State is a parasite that perpetuates itself at all costs and extends itself by any means possible. Regardless of its putative leaders, the State grows and increases its power at the expense of its hosts and others who fall victim to its predations. As Hans-Hermann Hoppe poignantly wrote, States are...

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Mises Institute Announces Dr. Thomas DiLorenzo as President

2023-10-30

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2023-10-30

For Immediate Release Auburn, Ala. – The Mises Institute announced that Thomas DiLorenzo has been named its next president, following approval by its Board of Directors. DiLorenzo has a long and distinguished career as an academic economist, author, and speaker. He was Professor of Economics at Loyola University, Maryland, from 1992 to 2020. He served previously as the Probasco Chair of Free Enterprise at the University of Tennessee at Chattanooga,...

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Mises Apprenticeship 2024

2023-10-30

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2023-10-30

"Economics must not be relegated to classrooms and statistical offices and must not be left to esoteric circles. It is the philosophy of human life and action and concerns everybody and everything. It is the pith of civilization and of a man's human existence." —Ludwig von Mises The strength of the Austrian school has always been grounded in its ability to speak clearly about the issues vital to preserving human civilization. While there...

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Canadian Digital Protectionism Gravely Threatens Free Speech

2023-10-30

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2023-10-30

In 2023, Canada’s parliament passed two significant pieces of legislation, Bills C-11 and C-18, both of which have stirred debates and concerns regarding their potential impact on online freedom and political censorship. Bill C-18, commonly known as the Online News Act, was introduced in the forty-fourth Canadian Parliament and received royal assent on June 22, 2023. This legislation introduces a framework mandating digital news intermediaries,...

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Rothbard on Suits for Defamation

2023-10-30

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2023-10-30

David Gordon explains Murray Rothbard's famous assertion that laws against libel and slander should not be on the books. Original Article: Rothbard on Suits for Defamation

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No Monetary or Political Bailouts for Belt-and-Road Initiative Debtors

2023-10-30

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2023-10-30

It’s been more than three decades since the Berlin Wall fell and the disintegration of the Soviet Union. At the time, when everyone knew that the time for the “mothership” of socialism had come, China didn’t want to take the Soviet Union’s position but opted for an ambiguous role. In the three decades after the downfall of the Soviet Union, it was clear which country was at the top of the world. Those were the times to which the Beltway wanted to...

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Government Agencies Exploit Data Brokers as End-Around to Legal Restrictions

2023-10-29

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2023-10-29

Even when Congress tries to restrict government agencies from illegally gathering information on people, the agencies simply exploit legal loopholes or just break the law—without consequences. Original Article: Government Agencies Exploit Data Brokers as End-Around to Legal Restrictions

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How the Fed Undermines Prosperity

2023-10-28

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2023-10-28

The boom-and-bust cycles are not natural to a market economy, contra Keynes. Instead, government through monetary manipulation creates them—and then politicians blame markets themselves. Original Article: How the Fed Undermines Prosperity

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