Category Archive: 6b) Austrian Economics

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American Prosperity Is Greater than Most of Us Realize

2023-09-08

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2023-09-08

Traveling was once a luxury for the rich, but today even working-class people enjoy vacations. In America, people have gotten so wealthy that planning summer vacations is a priority for many families. Living standards have improved so tremendously that elite amenities are now commonplace. Nearly 90 percent of American homes rely on air-conditioning, and 92 percent of households have access to at least one vehicle. Relative to the globe, most...

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Wie ich selbst zum Millionär wurde! Jubiläums-Ausgabe 400. Folge Faszination Freiheit

2023-09-08

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So wurde ich Multimillionär (Faszination Freiheit Jubiläumsausgabe Nr. 400) Geldsicherheit GARANTIERT - Online-Training: https://www.thorstenwittmann.de/yt-geldsicherheit-garantiert/ Freitagstipps abonnieren: https://thorstenwittmann.com/klartext/ Wie habe ich es selbst zum Selfmade-Multimi-II-ionär geschafft? Seit über 7 Jahren und heute exakt 400 Wochen gibt es jeden Freitag ein neues Tippvideo. Ich möchte dir und den über 60 Tsd...

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The Imperial Russian Regime was Neither “Great” nor “Enlightened”

2023-09-08

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2023-09-08

Pope Francis made headlines last week when he described the Russian Empire as "enlightened" and invoked the names of two expansionist Russian czars as examples of Russia's "great culture." In impromptu remarks, Francis said to a group of Russian Catholics,  “You are the heirs of the great Russia: the great Russia of saints, of kings, the great Russia of Peter the Great, of Catherine II, of that great, enlightened Russian empire,...

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Golf Merger Is Opposed by Congress. This Is Misguided

2023-09-07

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2023-09-07

Members of Congress claim to be "concerned" over the proposed merger between LIV Golf and the PGA Tour. They should be supporting it or, even better, backing off completely. Original Article: "Golf Merger Is Opposed by Congress. This Is Misguided"

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¿Es Pedro Sánchez Un Gran Estratega?… Desafortunadamente SÍ

2023-09-07

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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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Power Vacuum: How the State Wants to Suck Electricity from the SUV You Are Required to Buy

2023-09-07

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2023-09-07

A literal power vacuum—that’s what California Senate Bill 233 proposes. And what is to be sucked? Your electric car. The bill—which has passed the Senate and is now winding its way through the Assembly—states that all new electric vehicles to be sold in California after 2030 be “bidirectional.” Because the state has decided to essentially go all electric without having the ability to actually provide enough electricity, the climate warriors have...

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Local Secession Movements: From Staten Island to the South

2023-09-07

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2023-09-07

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop look at county and city-level secession movements and what it means for political self-determination. In a recent article, Ryan McMaken highlighted renewed calls for Staten Island to secede from New York City, but other recent examples include attempts by taxpayers in areas of Georgia and Alabama to break away from the control of mismanagement of local governments. Tho and Ryan look at...

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Eurodollars as a Fractional Reserve Market

2023-09-07

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2023-09-07

We should not just be concerned about problems in the American banking system, but also about the proliferation of Eurodollars. Original Article: "Eurodollars as a Fractional Reserve Market"

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Consumer Credit Is Expanding Even While the Fed Pushes up Interest Rates

2023-09-07

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2023-09-07

To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target. —Janet Yellen We have sighted the enemy and he is us. —Pogo On July 26, 2023, the Federal Reserve raised interest rates by a quarter of a percentage point. By the time you read this, your credit card interest rate will probably have increased for your September statement. When headlines talk about the Fed raising interest rates, the...

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The Swiss franc’s “phenomenal” bull run

2023-09-07

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2023-09-07

The strength of the Swiss franc (CHF) has been the topic of countless “expert” analyses for over a year and it has received considerable coverage in the mainstream financial press. In fact, the last time the currency garnered this much interest was probably in 2011, when its celebrated “safe haven” status backfired, as investors fled to it in droves and pushed the price to levels that forced the Swiss National Bank (SNB) to intervene and peg it to...

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Slobodian Contra Rothbard

2023-09-06

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2023-09-06

Crack-Up Capitalism will be of interest to many readers of The Austrian because of what it says about Murray Rothbard; and for the most part, I shall limit my review to discussing this. The main point of the book is easy to grasp. In recent decades, the notion of a centralized state has come under fire in various ways, including attempts to secede, to create “enterprise zones” within states, and to establish societies without a state at all. Quinn...

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Thatcher’s New Style of Government

2023-09-06

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2023-09-06

The possible bankruptcy of Thames Water Company in Great Britain brings to mind the heady days 40 years ago when Margaret Thatcher's government was privatizing state-owned enterprises, including TW. Not all privatization stories have happy endings. Original Article: "Thatcher's New Style of Government"

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Statism Stands against Free Trade and Free Association

2023-09-06

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2023-09-06

People cavil much about Ricardo’s law of association, better known under the name law of comparative cost. The reason is obvious. This law is an offense to all those eager to justify protection and national economic isolation from any point of view other than the selfish interests of some producers or the issues of war-preparedness. —Ludwig von Mises, Human Action Alexander Macris of the Substack blog Contemplations on the Tree of Woe has called...

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The Bombing of Hiroshima: The Crime and the Cover-Up

2023-09-06

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2023-09-06

The real effects of the atomic bomb on Hiroshima were hidden from Americans until the New Yorker published an exposé in 1946. Americans finally were confronted with the truth—even if they didn't want to believe it. Original Article: "The Bombing of Hiroshima: The Crime and the Cover-Up"

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Let’s Examine Some REAL Crimes Committed by Presidents

2023-09-06

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2023-09-06

Former president Donald Trump is facing ninety-one criminal charges as he seeks to win back the White House in 2024. The indictments are the latest battle in a roughly six-year crusade against Trump that first sought to remove him from power through the Twenty-Fifth Amendment, then with espionage charges and impeachments, and that now aims to block him from becoming president again. The mantra we hear from those in politics and media who support...

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The Problem with Public Transit

2023-09-05

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2023-09-05

Much of government-owned transportation destroys rather than adds to wealth. The lack of a sound system of economic calculation is to blame. Original Article: "The Problem with Public Transit"

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Deneen’s Common Good Statism

2023-09-05

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2023-09-05

It’s likely that many readers of The Austrian support the free market and also support “traditional” social values, but in Patrick Deneen’s opinion, this is an unstable amalgam. Deneen, a political theorist who teaches at Notre Dame, thinks that the market undermines tradition and that those of us who resist the “woke” Left and want to preserve tradition ought to abandon what he sees as an uncritical devotion to the market. Deneen says that...

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Yolanda Díaz Visita a Puigdemont… ¿Qué será lo próximo?

2023-09-05

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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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Decentralization Is Not Fascism

2023-09-05

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2023-09-05

Despite its origin in Marxist-syndicalist thought, “fascism” has long been used as a derogatory label for practically anyone on the right wing of the political spectrum. Sometimes the label is warranted, but other times it is used against those who have virtually nothing in common with fascists, such as libertarian capitalists. Progressives are quick to label any kind of economic deregulation and reduction in federal overreach as “fascist.” Want to...

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Mises versus Hayek on the Future of Civilization

2023-09-05

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2023-09-05

Ludwig von Mises and F.A. Hayek, two of the best-known Austrian school economists in the twentieth century, may have followed the same school of thought, but they greatly differed in their work. In consideration of human action, the two men differed in their methodology: Mises advocated for a pure use of reason through praxeology, and Hayek, alternatively, defended the compositive method. In regard to the market process and entrepreneurship,...

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