Category Archive: 6b) Austrian Economics

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The US Military Is Laying the Groundwork to Reinstitute the Draft

2023-10-17

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2023-10-17

Not satisfied with the futile and destructive wars it has fought in this century, leaders of the US Armed Forces now want reinstatement of the draft. Instead, perhaps our government should give peace a chance. Original Article: The US Military Is Laying the Groundwork to Reinstitute the Draft

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Back to the Future Morphs into Dystopia

2023-10-17

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2023-10-17

It is 2023, eight years after 2015, the year of flying cars and climate-controlled clothing that Marty McFly traveled to in a time machine. In our own world, the ruling elite wants to ban cars to control the climate. How did we get here? What caused the discrepancy between our vision of a more advanced future and the reality we face now? We had reason to expect it. From 1860–1970, the United States grew at an average of over 5 percent per year. But...

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The State against Anonymity

2023-10-17

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2023-10-17

Governments are using intimidation to regulate independent journalists on the decentralized internet. Original Article: The State against Anonymity

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

2023-10-17

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2023-10-17

One of the most eventful things to have happened recently was from an unexpected source. The State Department and the intelligence apparatus didn’t initiate any coups somewhere in the Third World, the Kremlin didn’t launch a blitzkrieg and capture Kiev, and a currency from the BRICS nations (Brazil, Russia, India, China, and South Africa) hasn’t entered circulation yet. For the man who was once heralded as a savior for spearheading electric vehicle...

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Supporters Summit 2024

2023-10-16

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2023-10-16

Save the date! Join us for our 2024 Supporters Summit, October 10–13, 2024, on Hilton Head Island, South Carolina. We'll be at the lovely Omni Hilton Head Oceanfront Resort.  We will have an event rate at the Omni Hotel for $299 per night before tax.  Speakers and agenda details forthcoming. Registration will be open soon on this page.

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Chess, Trans Athletes, and Free Markets in Sports

2023-10-16

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2023-10-16

Is there a way out of the seemingly intractable demands that trans athletes who are "transitioning" from male to female be permitted to compete with female athletes? There may be a free-market solution. Original Article: Chess, Trans Athletes, and Free Markets in Sports

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The Objective Science of Subjective Value

2023-10-16

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2023-10-16

Practically all schools of contemporary economic thought recognize that value is subjective. Although mainstream economists merely pay lip service to value subjectivity—and, in practice, treat value as objective so that they can analyze so-called utility functions—it is still a core assumption in modern economic thought. This is very different from classical economics, which typically treated value as objective and determined by production costs....

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

2023-10-16

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2023-10-16

Snow White (2024) is a terrible movie. Granted, I don’t have any particular insights into the film, but economics teaches me that everyone involved in that movie believes it’s a terrible movie, and I’m willing to bet that they’d know. So, unless this movie surprises absolutely everyone involved in making it, it’s a terrible movie. “So what?” you might ask. But this example reminds us that the Fed’s inflationary money policies destroy all values,...

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Hamas, Israel, and the Collapse of the Fiat Global Order

2023-10-16

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2023-10-16

The recent attacks in Israel are a horrific reminder of how lightly guarded civilization is from savagery. Original Article: Hamas, Israel, and the Collapse of the Fiat Global Order

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Making Money While Making Sense of Chaos: Understanding the World of the Traders

2023-10-16

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2023-10-16

Review of Chaos Kings: How Wall Street Traders Make Billions in the New Age of Crisis Scott Patterson New York: Scribner, 2023; 293 pages Scott Patterson has delivered an unusual book. At least to this reader, it produced the same effect as watching a Black Mirror episode where you think you know where the story is heading, then suddenly all of your moorings go out the window in a most unpleasant fashion. In the case of Chaos Kings, the book starts...

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Oil Export Bans Make for Crude Politics

2023-10-15

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2023-10-15

In the wake of the Arab Oil Embargo of 50 years ago, Congress banned U.S. export sales of crude oil. The results were different than what government "experts" imagined. Original Article: Oil Export Bans Make for Crude Politics

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Dollarization in Argentina Will Not Promote Freedom

2023-10-14

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2023-10-14

While the prospect of Javier Milei being elected president of Argentina is attractive, his plan to "dollarize" the Argentine economy will fall well short of hopes and expectations. Original Article: Dollarization in Argentina Will Not Promote Freedom

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Diving Deeper into the Fed’s Trillion Dollar Loss

2023-10-14

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2023-10-14

Jonathan Newman rejoins Bob to explore more of the mechanics and political implications of the Fed's current state of insolvency. Diving Deeper into the Fed's Trillion Dollar Loss Video of Diving Deeper into the Fed's Trillion Dollar Loss The Mercatus Article on Quantitative Easing: Mises.org/HAP417a Furman's Op-Ed in the WSJ: Mises.org/HAP417b   Join us in Fort Myers on November 4 to cut through...

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Bank CEOs Have Their Heads in the Clouds

2023-10-14

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2023-10-14

No matter the situation, bank CEOs believe that the Big Score is just around the corner. Then reality hits. Original Article: Bank CEOs Have Their Heads in the Clouds

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Separation 101

2023-10-14

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2023-10-14

Mark contemplates the political divide in America, the lack of a middle ground, the political divisions in DC, and the turmoil over the Speaker of the House. Looking around the world, similar problems exist in many places; but, there is a tried and true solution, which Mark explains. Be sure to follow Minor Issues at Mises.org/MinorIssues.

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Israel War Adds to Global Turmoil

2023-10-14

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2023-10-14

The surprise terrorist attack on Israel by Hamas has created a new geopolitical crisis with many unexpected implications. We cannot forget the hundreds of people that have been killed in this attack—a terrible loss of innocent lives. In markets, the Key Tel Aviv share indices declined around 7% and sovereign bonds slumped by 3% after the bloodiest attack on Israel in many years. Investors should not worry because this war has very significant...

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Two Swedes on the New Economics Nobel

2023-10-14

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2023-10-14

[On Monday, October 9, the Royal Swedish Academy awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Claudia Goldin of Harvard University. Two Swedish expatriates reflect on the meaning of the Prize and this year’s recipient.] Per Bylund As an Austrian economist, the announcement of the economics prize—often misleadingly referred to as the economics Nobel Prize—is a matter of not knowing whether to laugh or cry (or...

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Is It Just War or Unjustified Slaughter of Innocents?

2023-10-13

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2023-10-13

The recent attacks by Hamas on Israeli civilians have led to justified outrage. But will Israel's response also kill innocent people? Murray Rothbard has words of wisdom on this subject. Original Article: Is It Just War or Unjustified Slaughter of Innocents?

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The Inherent Evils of Centrism

2023-10-13

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2023-10-13

The middle, compromising stance of those called “centrists” or “moderates” is very often mistaken for a balanced and reasonable position. Little else is worse than an entire world tricked into what rationally amounts to crime, thinking it is balanced, realistic, and optimal. The centrist has become convinced that their middle position is the only fair and just stance, and that anything else is imbalanced extremism. The opportunity to rationally...

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Ethnic Interest Groups Fuel the American Warfare State

2023-10-13

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2023-10-13

Ryan and Zachary look at how interest groups representing Ukrainians, Iraqis, Israelis, and others have often lobbied for US intervention in foreign wars that in no way benefit the American population overall. Be sure to follow War, Economy, and State at Mises.org/WES. Additional Resources "Get the US Out of the Middle East" by Ryan McMaken: Mises.org/WES_14_A "The Liberty Movement’s Pro-War Fifth Column" by Ted Galen...

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