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Category Archive: 6b) Austrian Economics

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The UK Blood Scandal Exposes British Elites

2024-07-02

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2024-07-02

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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Public Schools Pushing Moral Standards Isn’t New

2024-07-02

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2024-07-02

Last month the governor of Louisiana signed several pieces of legislation related to education. The most controversial bill is LA HB71. This law requires all public K-12 schools in Louisiana to accept any monetary donations towards or displays of the Mayflower Compact, the Declaration of Independence, the Northwest Ordinance, and the Ten Commandments. The media is running wild with this story, as if this is the first time that public schools are...

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Varying Interpretations of Truth, or Truth as a Social Construct

2024-07-02

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2024-07-02

In this age of relativism, where one often hears reference to “your truth” and “my truth,” there are so many varying interpretations of truth that the concept of truth itself seems devoid of meaning. It is fashionable to see the concept of truth as indistinguishable from opinions or preferences. For example, Mari Fitzduff writes thatfor many of us, far from our beliefs being “true,” they are actually born out of a particular social context, allied...

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Revisionist History of War Conference

2024-07-01

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2024-07-01

“Truth is the first casualty of war.” This saying is said to have its origins in ancient Greece, in the writings of the playwright Aeschylus. Thus, for thousands of years it has been recognized that most wars are wars of conquest through mass murder, plunder, and destruction. For the ruling classes, war is an opportunity. For the citizens, war means death or crippling injury, taxes, debt, sacrifice, and loss of freedoms. Hence the need for...

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FDR: The Man, the Leader, the Legacy

2024-07-01

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2024-07-01

Part 1: Early YearsAs we approach the end of the 20th century, the figure of Franklin Roosevelt looms ever more imposing in the minds of Americans. In the two centuries or so of our history, it has happened that a few of our leaders—a very few—became symbols of some powerful idea, one that left a permanent imprint on the life of our country. Thomas Jefferson is one such symbol. With Jefferson, it is the idea of a free, self-governing people,...

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Le Pen APLASTA a Macron en la Primera Vuelta ¿El Fin del Socialismo en Francia?

2024-07-01

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Le Pen arrasa en la primera vuelta. El problema de Francia no son las elecciones, es el socialismo. Analicemos el impacto del estatismo en la economía y el descontento. 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...

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France’s Problem Is Not the “Far Right.” It Is Socialism. A Warning For All.

2024-07-01

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2024-07-01

Following the European elections, French credit default swaps have soared to a post-2020 record of 39 points. Many commentators blame the rise of the National Front for market turmoil, which has sent all euro area spreads higher. However, none of this would have happened if France’s debt was low, finances were strong, and the euro area economies enjoyed healthy economic growth.France is the world’s poster child for statism. The same statism that...

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Does Justice Sotomayor Write Her Decisions in Crayon?

2024-07-01

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2024-07-01

Following last week’s decisions, which represented a significant blow to the American administrative state, today, the Supreme Court did what was widely expected: rule in favor of Donald Trump in a case related to federal prosecution over January 6. In a 6-3 decision, the court ruled that presidents have “presumptive immunity” for “official acts” while in office.The decision does not necessarily kill the potential for federal prosecution, kicking...

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Robert Reich’s Blind Spots: The Elephant in the Progressive Left’s Room

2024-07-01

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2024-07-01

Robert Reich is on his fifth myth, but so far, he has just been recycling the same progressive talking points in each one. The overall message is that big corporations and the super wealthy wield too much political power and that they shape the law in their own favor, contributing to terrible economic inequality. For Reich, the U.S. economy is a zero-sum game and the people at the top have rigged it so they win and everybody else loses.His solution...

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Chop the Federal CHIPS Act

2024-07-01

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2024-07-01

The Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act passed by the United States Congress and signed into law by President Joe Biden in August 2022 funds the CHIPS for America Act that was initiated under the 2021 National Defense Authorization Act signed into law by President Donald Trump in January 2021. The 2021 legislation authorized the Department of Commerce, Department of Defense, and Department of State to develop onshore...

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Help End the Fed on Lew Rockwell’s 80th Birthday

2024-07-01

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2024-07-01

Lew Rockwell has dedicated his life to spreading the ideas of the Austrian School. Today, we honor Lew on his birthday, and it’s only fitting we release the trailer for our new documentary, Playing with Fire: Money, Banking, and the Federal Reserve. With your help, we will release it to the public right before the election.Over forty years ago, Lew visited with Margit von Mises at the Russian Tea Room in New York City with a vision: an institute...

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The Alleged Failed Coup in Bolivia Was Actually a Political Maneuver by a Failed Socialist Regime

2024-07-01

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2024-07-01

This week on Wednesday 26th at around 2:30 of the afternoon military forces in ski masks took Plaza Murillo, the main plaza where the seat of the Bolivian government resides. Actions that at first seemed totally out of the ordinary, actions taken from history books, as a military coup has not happened since the 1980’s. However, the truth of the matter is much more complex than what the official government and international news outlets let on.After...

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Playing with Fire: Official Trailer

2024-07-01

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2024-07-01

Ludwig von Mises’s life was dedicated to intellectually combating the evils of socialism, interventionism, inflationism, and tyranny. He recognized that it would always be an uphill battle. Easy money creates artificial good times that empower and enrich the political class; cleaning up the mess after that is difficult.The only solution is for the public to understand the game, to be empowered to see past the cheap political rhetoric, and to...

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Julian Assange and the Struggle for Political Freedom

2024-07-01

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2024-07-01

Julian Assange’s heroic but tragic life has taken an unexpected turn for the better with his recent liberation through a plea deal with the US government. It must never be forgotten that the Wikileaks founder was a successful publisher and a prized journalist, and yet was at risk of being extradited to the United States to be charged with espionage and imprisoned for life. Though many people around the world have followed Assange’s hardships on and...

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Human Ignorance Is an Unstable Basis for Liberty and Praxeology

2024-07-01

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2024-07-01

In his review of F.A. Hayek’s Constitution of Liberty, Murray Rothbard takes issue with the Hayekian case for freedom, which rests solely on human ignorance. On this view, reason is dogmatic and tends to lead to totalitarianism, with arrogant despots claiming they have the knowledge to rationally and efficiently plan the social order. As Joe Salerno has shown, Ludwig von Mises took a different approach.In contrast to the Hayekian stress...

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La gran FARSA de la JUSTICIA SOCIAL

2024-06-30

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Lo que nos venden como justicia social es una aberración política que elimina la igualdad ante la ley y favorece a unos pocos, conduciendo al totalitarismo. 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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The Coming US Budget Disaster Will Impoverish Americans

2024-06-29

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2024-06-29

Deficit spending is not a growth tool. It is the recipe for stagnation.The latest Congressional Budget Office (CBO) budget and economic outlook estimates show the extent of the challenges of the United States fiscal nightmare.The CBO expects a budget deficit of $1.9 trillion in 2024, a year of alleged robust economic growth and record tax receipts. They expect revenues to reach $4.9 trillion, or 17.2 percent of GDP, in 2024, which will rise to 18.0...

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¿Son los RICOS CULPABLES de todos nuestros problemas?

2024-06-29

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¿Subir impuestos a los ricos resolvería todos los problemas económicos? 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 #Riqueza #Impuestos...

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Reality Is NOT a Social Construct

2024-06-29

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2024-06-29

Human behavior is, to a large extent, socially constructed. People often act based on social norms, expectations, or habits rather than by attempting to ascertain the nature of reality itself. In that context, it is true to say that people’s perceptions of reality are socially constructed, as explained by the Thomas theorem:Another way of looking at this concept is through W.I. Thomas’s notable Thomas theorem which states, “If men define situations...

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The Impact of Interest Rates on Economic Growth: An Austrian Perspective

2024-06-29

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2024-06-29

For many years, the relationship between interest rates and economic growth has been a major focus of economic theory and policy discussions. According to Austrian theory, interest rates are an important signal in a market economy that balances the time preferences of borrowers and savers, not only a tool that central banks can manage in an effort to maintain economic stability. Severe economic distortions and malinvestments may result from...

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