Category Archive: 6b) Austrian Economics

Ten Reasons Not to Abolish Slavery

Slavery existed for thousands of years, in all sorts of societies and all parts of the world. To imagine human social life without it required an extraordinary effort. Yet, from time to time, eccentrics emerged to oppose it, most of them arguing that slavery is a moral monstrosity and therefore people should get rid of it. Such advocates generally elicited reactions ranging from gentle amusement to harsh scorn and even violent assault.When people...

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Growth in Government Jobs Points to Recession

Last week, we looked at the weakness of the job market that belies all the happy talk from the administration about employment. For instance, we noted the fact that full-time employment is in decline, as is temporary work. We can couple this with the fact that the total number of employed persons in this economy has gone nowhere in eleven months. On top of all this, another indicator of the lackluster jobs economy is the volume of government-job...

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The Concise Fundamentals of “Human Rights”

A thorough review of the existing literature on human rights finds a problem: it takes a book or lengthy chapter to describe them. Because of the complexity, many people misconstrue rights versus other human social engagements, such as obligations, promises, relationships, or privileges. This article summarizes an accurate but concise description of human rights theory, with a few examples, in a more readily accessible fashion that won’t require...

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Watch Our Latest Fed Documentary Teaser

Mises is on the march, and the elites are terrified.For decades, the most powerful institutions, from academia to the corporate press, have made a concerted effort to marginalize the wisdom of Austrian economics. Their control is breaking. From Tucker Carlson to UFC, the name Ludwig von Mises has reached the masses in ways he could have never imagined.Now, we’re looking to take it to the next level.We are releasing our newest documentary, exposing...

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The Problem with Juneteenth

Today is Juneteenth. One hundred fifty-nine years ago, on June 19, 1865, Major General Gordon Granger arrived in Texas and declared that all slaves in the state were free. The following year, in 1866, residents of the town where Granger had issued the order celebrated the anniversary as “Jubilee Day.” Eventually, the name changed to Juneteenth, and in 1979, it became a Texas state holiday. Then, in 2021, President Joe Biden signed a bill...

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Exploring the Impact of Monetary Policy on Aggregate Supply: A Comprehensive Analysis

In the intricate dance of economics, the relationship between monetary policy and aggregate supply often remains a nuanced and complex topic. While much attention is typically given to the immediate impacts of monetary policy on aggregate demand—such as changes in interest rates and their effect on consumer spending and investment—the potential repercussions on aggregate supply are equally significant, albeit less straightforward.

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LA LIBERTAD DE EXPRESIÓN EN PELIGRO: VIOLENTO ataque del MINISTRO PUENTES a VITO QUILES

El ataque del ministro Puentes a Vito Kiles busca cancelar e incitar la violencia política, exigiendo adhesiones incondicionales. Refleja una política totalitaria del gobierno. 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...

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El COSTO de la BURBUJA ESTATAL

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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Understanding the Montaigne Fallacy

With the world moving more and more in the direction of trade protectionism and war, it is worth remembering the origin of the fallacies upon which this movement is based.Michel Montaigne, the sixteenth-century minor politician and writer, is credited with the illogical view that trade and exchange result in one person winning and the other losing.

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The Plot To Destroy Our Children

Last week, a conversation with a waitress disturbed me a lot. She told me that she was homeschooling her sixteen-year old son, who is autistic, because she was afraid that he would be subjected to “tranny” propaganda and encouraged to “transition” to being a woman. Even worse, he might be put in touch with “doctors” who would mutilate him by injecting him with hormones and even castrating him, all without his parents’ knowledge. You might think the...

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¡MILEI Logra lo Imposible! La INFLACIÓN en Argentina se DERRUMBA

Las políticas de Milei bajan la inflación al nivel más bajo en dos años, pero queda mucho por hacer. 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...

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The Fallacies of Conservative Protectionists

In responding to economic fallacies that mainstream free traders make, the American Compass makes some of their own.The American Compass—headed by Oren Cass, who once staffed Mitt Romney’s 2012 presidential campaign—is the modern descendant of Alexander Hamilton. To those unfamiliar with Hamilton beyond the Federalist Papers, that is hardly a compliment.The Compass, whose writers and staffers join a long list of protectionists gunning for a future...

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We Spent a Billion Dollars Fighting the Houthis…and Lost

Why does it seem the Pentagon is far better at spending money than actually putting together a successful operation? The failed “Operation Prosperity Guardian” and the disastrous floating Gaza pier are but two recent examples of enormously expensive initiatives that, though they no-doubt enriched military contractors, were incapable of meeting their stated goals.Prophets of War: Lockh...Hartung, WilliamBest Price: $10.13Buy New $14.99(as of 02:45...

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This Week’s Mania: Reservations!

When something valuable is mispriced at say zero, speculators appear to grease the wheels of commerce while earning a little something for themselves. This is all well and good until the government steps in to put a stop to the speculator’s arbitrage. The real issue is, “There were just too many diners for too few restaurants,” Appointment Trader founder Jonas Frey told Bloomberg. “I believe we’re serving a need. That’s why it worked.” A thriving...

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No Honor Among Government Thieves: The Evil of Asset Forfeiture

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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Scott Galloway’s TED Talk Reveals a Basic Ignorance of Economics

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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Debunking Robert Reich’s Debunking

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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Unsuccessful DEI Efforts Meet Legislative Opposition in Tennessee

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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Distinguishing Libertarian Philosophy from Political Strategy

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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Does Increasing the Money Supply also Increase Economic Growth?

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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