Category Archive: 6b) Austrian Economics

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Does Technical Knowledge Always Lead to Economic Growth?

2023-09-26

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2023-09-26

Economists and political elites fondly claim that economic growth is due to increased technological knowledge. That is only partly true. Original Article: Does Technical Knowledge Always Lead to Economic Growth?

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Investidura de Feijóo ¿Fracaso u Oportunidad?

2023-09-26

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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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Thanks to Our Fall Campaign Donors

2023-09-26

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2023-09-26

Thanks to all of our generous donors who are participating in our 2023 Fall Campaign. Your continued support is vital and much appreciated. Donors are added daily. Won't you join them? Monday, September 25 Abdelhamid Abdou Adam BattlesAdam DengAlan ZibelmanAndreas HübnerAnonymousAndrew WindsorArthur KnolleAnonymousBarb WhitemanBridget SantosCarl ChambersCarlos Aixerch MateuCharles CrawleyCharles DemastusChris Lingwall, In honor of Milton Friedman...

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Do Monarchs Always Have Low Time Preferences?

2023-09-26

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2023-09-26

Hans-Hermann Hoppe, in his book Democracy: The God That Failed and his 1995 article in the Journal of Libertarian Studies, set forth an interesting theory concerning the difference in time preference between a monarch and a democratic politician. The argument stresses the difference in the use of political power according to the degree to which the ruler is future oriented. Hoppe also says that using the power of the state is in itself an...

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Understanding Hegel from a Straussian Viewpoint

2023-09-26

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2023-09-26

While Leo Strauss did not share G.W.F. Hegel's acceptance of historicism, nonetheless he gives Hegel a sympathetic review. David Gordon takes a closer look at both men. Original Article: Understanding Hegel from a Straussian Viewpoint

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Oil Export Bans Make for Crude Politics

2023-09-26

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2023-09-26

The Organization of the Petroleum Exporting Countries (OPEC) embargo on sales of crude oil from their member countries to the United States was a response to US support for Israel in the October 1973 Yom Kippur War against invading Egyptian and Syrian military forces. This oil embargo raised barrel prices on the open market and, when combined with US price controls, reduced the amount of oil available in the US for refining into gasoline, leading...

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The Fed Holds the Fed Funds Rate Steady—Because it Doesn’t Know What Else To Do

2023-09-25

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2023-09-25

The Federal Reserve’s Federal Open Market Committee (FOMC) on Wednesday left the target policy interest rate (the federal funds rate) unchanged at 5.5 percent. This "pause" in the target rate suggests the FOMC believes it has raised the target rate high enough to rein in price inflation which has run well above the Fed's arbitrary two-percent inflation target since mid-2021.  The press release from the FOMC was largely unchanged from...

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The US Military Is Laying the Groundwork to Reinstitute the Draft

2023-09-25

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2023-09-25

The most recent edition of the US Army War College’s academic journal includes a highly disturbing essay on what lessons the US military should take away from the continuing war in Ukraine. By far the most concerning and most relevant section for the average American citizen is a subsection entitled “Casualties, Replacements, and Reconstitutions” which, to cut right to the chase, directly states, “Large-scale combat operations troop requirements...

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Strikes Always Have Economic Consequences and the Latest UAW Strike Is No Exception

2023-09-25

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2023-09-25

The UAW's strike against US automakers will do long-term damage to the domestic auto industry. Unfortunately, unions and their advocates will learn nothing from this debacle. Original Article: Strikes Always Have Economic Consequences and the Latest UAW Strike Is No Exception

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“Los ricos se quieren ir en cohete”… Nuevo ridículo de Yolanda Díaz

2023-09-25

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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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Even Though They Are in Long-Term Decline, Labor Unions Still Threaten the Economy

2023-09-25

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2023-09-25

Recently, anyone who pays attention to current events has been assaulted with the news that both the Hollywood actors’ and writers’ unions are striking simultaneously for the first time since 1960. Workers for UPS also recently reached a deal with their employer after threats of a nationwide strike by the Teamsters union. Although many may think that unions are a thing of the past and are no longer relevant, they clearly remain both a political and...

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August Price Inflation Accelerated, and the Fed Fears More Is in Store

2023-09-25

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2023-09-25

Fed policymaking is all about political expedience. When we see Fed policy, we must keep in mind that "managing the economy" is secondary to managing public debt service and public expectations. Original Article: August Price Inflation Accelerated, and the Fed Fears More Is in Store

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The State against Anonymity

2023-09-25

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2023-09-25

In the last century, states have had great control over channels of media. In most of the West, lobbying groups and cartels working with “liberal” and “democratic” governments regulated who could broadcast while governments, with their endless pools of money and political force, competed alongside private, or foreign, establishments. South Africa banned television entirely, and then after legalizing it in the ’70s, the industry was still controlled...

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Our Fall Campaign Starts Today!

2023-09-25

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2023-09-25

The mission of the Mises Institute is simple. We want to spread the ideas of Ludwig von Mises and the scholars he inspired. Ideas that are vital for a free and prosperous civilization. We do this through our student programs, our popular articles, our podcasts, one of the largest free economic libraries available online, and our new animated videos for beginners. Online and in person, we attack the state, the political class, and their crony...

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BRUTAL ZASCA A LOS PALMEROS DE SÁNCHEZ Y DÍAZ. Los Datos del INE hunden a la propaganda.

2023-09-24

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#pedrosánchez #yolandadíaz #ine #economia #paro #crisis 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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CONTRA LA AMNISTÍA. MANIFESTACIÓN HISTÓRICA EN MADRID

2023-09-24

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#manifestación #madrid #puigdemont #amnistía #sanchez #díaz 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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There Is No Fed Magic Trick to Achieve a Soft Landing

2023-09-24

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2023-09-24

There are no more rabbits for the Fed monetary magicians to pull out of their hats. In an economy addicted to artificially low interest rates, any more moves by the Fed will trigger an economic downturn. Original Article: There Is No Fed Magic Trick to Achieve a Soft Landing

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The Chinese Economy: Market Socialism with Chinese Characteristics

2023-09-23

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2023-09-23

China rose from poverty after the Mao years only because its political leadership embraced private property and a market economy. Unfortunately, today the Communist leadership is moving back to socialism. Original Article: The Chinese Economy: Market Socialism with Chinese Characteristics

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The State as Modern-Day Superstition: Unraveling the Illusions of Authority

2023-09-23

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2023-09-23

To progressive elites, the state (at least one run by progressives) is omniscient and all-powerful. To anyone with understanding, the state is an entity usually run by gangsters. Original Article: The State as Modern-Day Superstition: Unraveling the Illusions of Authority

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Touch-and-Go

2023-09-23

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2023-09-23

In this week's episode, Mark interprets the Fed's new economic projections for the economy, in which the Fed "doubles-down" on current economic growth and the economy's prospects moving forward. Essentially, the Fed is saying that they are taking us from the "touch-and-go" economy of the last three years to a touch-and-go landing, where the economy will take off and perform much better than anyone anticipates. Don't bet on it....

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