Category Archive: 6b) Austrian Economics

Haiti is engulfed by an ongoing political crisis and the world is desperately awaiting solutions to ease a turbulent political atmosphere. Her neighbors in the Caribbean are being implored by the international community to propose measures that will avert further calamities. Working to contain the crisis in Haiti benefits Caribbean countries because Haiti’s instability can lead to regional turmoil. Moreover, the appetite for refugee status in...

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On Friday, September 15, 12,700 members of the United Auto Workers union (UAW) walked off the job at plants owned by the “Big Three” automakers—Ford, General Motors, and Stellantis (which owns Chrysler, Jeep, and Ram). The walkout marked the beginning of a series of long-expected targeted strikes aiming to give the UAW leverage as it renegotiates contracts with the three companies. The strike is grounded in frustrations over worker compensation....

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Those who have been predicting a recession in the United States and an associated stock market crash seem to be having a hard time. At least, it appears so. US gross domestic product grew by 2.1 percent in Q2 2023, after growing 2.0 percent in Q1; the unemployment rate was rather low at 3.8 percent in August 2023; and the S&P 500 was at 4,460 points, around 10 percent below the index record of 4,818 points from January 2022. Yet, there are many...

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The gig economy as we know it is on the verge of destruction. Gig work, otherwise known as freelance work, was once held up as an entry into the entrepreneurial economy for many people seeking to dip their toes in, but that economy is currently threatened by people who do not understand its vitality for freelance entrepreneurs. There is now a push, from policy makers and a few gig contractors who think it is in the best interest of gig workers and...

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Former Vice-President Mike Pence is very concerned that Republicans are not sufficiently enthusiastic about aggressive, unnecessary wars. In a speech on Monday, Pence claimed "Some Republican candidates ...[are] embracing a new and dangerous form of isolationism.”  "Isolationism" is just a slur used by hawks to describe any policy that falls short of further expanding US interventionism across every region of the globe. Fortunately...

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The fundamental problem with purchasing protection from the boogeyman is that it’s impossible to assess the quality of your purchase: If the boogeyman doesn’t attack, it appears your protection succeeded. If he does, it appears you needed to purchase even more. And that, dear readers, is why the military cannot be controlled by civilians or anyone else, for that matter. In the most basic sense, people without guns cannot control people with them;...

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People celebrating Labor Day often do so by attending a regional Labor Day celebration, usually organized by labor unions. One undoubtedly hears the phrase “support all labor” being thrown around at these gatherings. A Google search will reveal the most recent example of this phrase being used. In light of the Screen Actors Guild (SAG) strike, a film festival released the following statement: HollyShorts supports both the WGA and SAG/AFTRA strikes....

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