Category Archive: 6b) Austrian Economics

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The Mixed Economy Model Still Disrupts Private Markets

2023-12-09

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2023-12-09

Market processes rely on prices, which are not established by a government decree or by the randomness of the human mind but are instead determined by supply and demand. The consumer’s wants and needs are signaled through prices, which are in turn satisfied by the producers, who want to make a profit. Despite the success of this process, many still believe that government intervention is necessary to help the poor and to provide services that may...

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COP28: Scandal on Top of Fabrication

2023-12-09

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2023-12-09

Thousands of busybodies have descended on Abu Dhabi to forestall what they see as an imminent apocalypse. The twenty-eighth meeting of the Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC COP28) being held in Dubai, United Arab Emirates (UAE), is presided over by its president, Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and UAE Special Envoy for Climate Change. Al Jaber is...

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The Myth of the Failure of Capitalism

2023-12-09

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2023-12-09

[This essay was originally published as "Die Legende von Versagen des Kapitalismus" in Der Internationale Kapitalismus und die Krise, Festschrift für Julius Wolf (1932)1   The nearly universal opinion expressed these days is that the economic crisis of recent years marks the end of capitalism. Capitalism allegedly has failed, has proven itself incapable of solving economic problems, and so mankind has no alternative, if it is to survive,...

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Krugman’s Bag of Tricks

2023-12-09

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2023-12-09

Ivory Tower economists continue to tell us that the US economy is booming, but consumers disagree. Paul Krugman has a new explanation for the economic gloom: Republicans. In a recent New York Times article, Krugman touts that partisanship and media bias drive a wedge between consumer sentiment and economic reality. But is this actually what’s going on? Dr. Jonathan Newman is back with Bob to break down Krugman's shifting economic predictions and to...

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The Path to True Freedom is Systematic Privatization

2023-12-08

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2023-12-08

Politics in all its variants, particularly the politics of political parties, is the archenemy of freedom, prosperity, and peace. Yet, wherever one looks, more government is invoked as the solution. Very rare are the voices that claim that a different way is possible. Few speak out in favor of anarchocapitalism and a libertarian social order. It is quite common nowadays to announce with confidence the verdict that anarchism, a society free of a...

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Can Government Regulate Artificial Super Intelligence?

2023-12-08

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2023-12-08

The Biden administration claims it wants to get out in front of the development of artificial intelligence. However, the likely scenario is that AI will leave government regulators in its wake. Original Article: Can Government Regulate Artificial Super Intelligence?

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Voting and Politics

2023-12-08

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2023-12-08

On a bus from Boston to New York, a reporter learns a lot from voters. On NBC Evening News for Monday, November 4, 1974, Tom Pettit talks with voters in the northeast about the upcoming elections. "I voted a long time ago, but I learned later on that it was useless."[embedded content] Rothbard responded in The Libertarian Forum in November 1974. On the night before election, and again on the Today show on election morn. I appeared on...

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Friedman versus Rothbard

2023-12-08

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2023-12-08

When we think of Milton Friedman and Murray Rothbard, what come to mind first are their contrary views on economics, but I’d like to discuss a different subject that might surprise some of my readers because they don’t associate Friedman with positions on it: American foreign policy. Jennifer Burns’s outstanding new biography Milton Friedman: The Last Conservative (Farrar, Straus and Giroux, 2023) enables us to grasp more fully the differences...

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Millions and Billions and Trillions—Oh My!

2023-12-08

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2023-12-08

In The Wizard of Oz, Dorothy and her friends had to worry about wild animals and wicked witches. Today, Americans face a much more formidable foe: their own free-spending government. Original Article: Millions and Billions and Trillions—Oh My!

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The Collapse of the Unipolar World | Felix Zulauf

2023-12-08

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When Felix Zulauf has a hunch, he’s usually right. Mauldin Economics Publisher Ed D’Agostino interviews Zulauf, the former head of UBS’s institutional portfolio management group and the founder of Zulauf Consulting, about the end of the multipolar world and where the markets are headed. Please be sure to subscribe to Global Macro Update on the Mauldin Economics website. Subscribers get a free weekly email with a link to each new video, additional...

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Biden Is Providing an Opportunity for a New “Outreach to the Deplorables”

2023-12-08

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2023-12-08

It was an entirely different time when support for Israel was a uniform consensus on the right. Back in the middle of the 2010s, when many liberals and leftists were being “red-pilled,” part of becoming a right-winger included defending Israel against the incoherent woke Left-Muslim alliance. Only Republicans would defend a bastion of freedom and democracy in a place where autocracy is the norm, according to “red pill” conservative outlets like...

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Silent Cal Had a Lot to Say

2023-12-08

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2023-12-08

(Originally published July 1, 2004.) Historians have trivialized Calvin Coolidge as a do-nothing President naive enough to believe that "the business of America is business," and many have rated him as one of the worst of all time. However, he produced remarkable results without sacrificing our freedoms. And given that he was born on the 4th of July, there is no better time than our Independence Day to remember him. Under Coolidge, the...

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Sicher investieren für JEDEN! Strategische Absicherung und Vermögensaufbau in vielen Bereichen

2023-12-08

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Geldstrategie: Wie kannst du jetzt als Anfänger und Fortgeschrittener dein Geld sicher anlegen? Kostenfreies Kennenlerngespräch: https://thorstenwittmann.com/yt-tag-7-ff-anlagestrategien Freitagstipps abonnieren: https://thorstenwittmann.com/klartext-yt Informationen zu unseren Events: https://thorstenwittmann.com/events/ Die Adlerperspektive zur Geld- und Familiensicherheit Geldanlage benötigt eine klare Strategie. Wie diese aussieht und...

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Lew Rockwell on NOW with Bill Moyers

2023-12-08

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2023-12-08

Lew Rockwell appears on NOW with Bill Moyers. Lew discusses Bush, Iraq, and the US economy. Originally broadcast on March 7, 2003. "We have to educate ourselves, and educate others about our own history, our real history, about what's actually going on these days, about real economics, and the principles of liberty. And I think that is: if we have any salvation, it's through that, and certainly in secular terms." [embedded content]

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Pfizer Faces Lawsuit for Covid Vaccine Lies

2023-12-08

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2023-12-08

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Dr. Gilbert Berdine, an associate professor of medicine at Texas Tech University Health Sciences Center and an affiliate of the Free Market Institute at Texas Tech University. In 2020, Dr. Berdine was warning about efficacy and risks claims being made over covid vaccines, which are at the forefront of a recent lawsuit by the State of Texas against Pfizer. Ryan and Tho...

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Can Econometric Models Provide a Laboratory Setting for Economic Analysis?

2023-12-07

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2023-12-07

Econometric models are constructed with the idea that they can be substituted for authentic human action. Not surprisingly, they fail badly. Original Article: Can Econometric Models Provide a Laboratory Setting for Economic Analysis?

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Understanding Anti-Capitalist Fallacies

2023-12-07

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2023-12-07

Capitalism, defined as a form of social organization in which there are means of production such as private property and wage labor, is not the moral principle upon which liberalism is based. The reason for this is that there are nonliberal scenarios that capitalism, as a moral principle, allows for—for example: slavery, sexism, racism, and various forms of violence. However, semantic compatibility does not imply a causal relationship between such...

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Ridículo Socialista con la BOLSA

2023-12-07

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The First Enemies of Free Markets Were Conservatives, Not Socialists

2023-12-07

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2023-12-07

As with the Republican party and the conservative movement in the United States, conservatism in the United Kingdom does not constitute a coherent ideological movement. It is, rather, a coalition of ideological groups and interest groups. Some of these are fairly libertarian in nature, as with the Thatcherites. On the other hand, conservative parties and activist groups also contain traditionalist conservatives and nationalists, neither of which...

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The awakening of the working class 

2023-12-07

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2023-12-07

Part II of II, by Claudio Grass, Switzerland One of the maxims I tend to mention quite often in sociopolitical debates or in response to arguments about the flawlessness of the democratic process is “the smallest minority is the individual”. To some, it might sound trite or banal, and perhaps it is; but it does carry a meaning that I believe is an essential human value and a fundamental building block for any civilized, productive and...

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