Category Archive: 6b) Austrian Economics

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Rise of the Effete Authoritarians

2023-06-19

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2023-06-19

Political leaders of the so-called liberal Western regimes are engaging in authoritarian tactics to quell legitimate dissent. But leftists who riot and burn get a free pass. Original Article: "Rise of the Effete Authoritarians"

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Myth #3: Tax Increases Are a Cure for Deficits

2023-06-19

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2023-06-19

Recorded by the Mises Institute in the mid-1980s, The Mises Report provided radio commentary from leading non-interventionists, economists, and political scientists. In this program, we present another part of "Ten Great Economic Myths". This material was prepared by Murray N. Rothbard. Those people who are properly worried about the deficit unfortunately offer an unacceptable solution: increasing taxes. Curing deficits by...

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The Fed Has Rigged the Stock Markets to Crash

2023-06-19

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2023-06-19

The conditions have now aligned for a repeat of the major stock market crashes that have occurred since the founding of the US Federal Reserve Bank (Fed) in 1913. Considering their vast experience and resources, the Fed has to know that their plan to control inflation by raising interest rates rapidly and significantly since 2022, and also tightening credit this year, will likely result in another major crash. Although the Fed has issued vague...

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Biden Wants Sanctions for Uganda Because Its Government Passed Anti-LGBT Laws

2023-06-18

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2023-06-18

Just in case you wrongly thought sanctions had anything to do with national security: Biden wants to sanction the people of a small African country over anti-LGBT laws. Original Article: "Biden Wants Sanctions for Uganda Because Its Government Passed Anti-LGBT Laws"

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Opposing Critical Race Theory Doesn’t Make You a “White Supremacist”

2023-06-17

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2023-06-17

Much of critical race theory and “antiracism” is aimed at pulling people apart, not bringing them together. To oppose such theories and practices is not racist in itself. Original Article: "Opposing Critical Race Theory Doesn't Make You a 'White Supremacist'"

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Coto Mixto: Anarchy in Galicia

2023-06-17

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2023-06-17

People commonly believe that a society without central political authority will dissolve into chaos. But a small kingdom within Spain existed peacefully for seven hundred years under what we would call anarchy. Original Article: "Coto Mixto: Anarchy in Galicia"

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Is the Banking Crisis Being Orchestrated?

2023-06-17

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2023-06-17

As a banker and economist, I am riveted by the expeditious demise of Silicon Valley Bank and other institutions. Were these crashes due to bank mismanagement, as many pundits as well as regulators have posited? Were they due to not managing risk, not hedging, and unfettered exposure to sectors of concern? Or maybe something else is afoot, a movement that may have begun a decade ago. Recall the Great Recession (2008–10), buoyed by a housing and...

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Voters Hate CBDCs. Why Do Governments Keep Pushing Them?

2023-06-17

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2023-06-17

Governments worldwide are trying to replace cash with CBDCs, and people worldwide are starting to wake up, but we need a lot more. A CBDC is a government-run crypto-token that replaces the national currency with a tracking ledger—a list of who owns what—that lets government surveil, control, and mandate every dollar you spend.  They could prevent you from buying the wrong thing, whether raw milk or gas stoves, or self-defense. They could stop you...

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Why ChatGPT Failed an Economics Exam

2023-06-16

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2023-06-16

University of Rochester economist Steve Landsburg joins Bob to discuss the abysmal performance of ChatGPT on his undergraduate exam. They also discuss the importance of market prices in guiding behavior and the unexpected problems with the government handing out "free" goodies. Bob's article "Superman Needs an Agent:"  Mises.org/HAP400a Steven's Book The Armchair Economist: Mises.org/HAP400b More Economic brainteasers:...

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The G7 in Hiroshima: The Latest Attempt to Impose a Unipolar World

2023-06-16

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2023-06-16

The last Group of Seven (G7) summit that took place May 19–21, 2023, in Hiroshima deserves attention because it exposes the latest Western attempt to impose its unipolar worldview. But first, a bit of background on the G7. The G7 is the group of seven nations (USA, Japan, France, Germany, Italy, Canada, and the United Kingdom) that in the ’70s comprised the major industrialized countries of the capitalist world. But because of the enrichment of a...

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Misreading Mill

2023-06-16

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2023-06-16

In his just-published book Regime Change: Toward a Postliberal Future (Sentinel, 2023), the political theorist Patrick J. Deneen indicts modern liberalism, in which he includes both classical liberalism and progressive liberalism. One of his main charges against liberalism is that it rejects the view, taught both by Christianity and classical political philosophy, that true liberty consists of virtuous conduct. In this view, people must hold their...

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Smarter Talk Is Smarter Action

2023-06-16

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2023-06-16

Leonard Read asked how we preserve liberty in a culture that doesn't appreciate it. Liberty cannot come through force and organization. It comes from within oneself. Original Article: "Smarter Talk Is Smarter Action"

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The Argentinian Zombie Currency

2023-06-16

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2023-06-16

Argentina makes press headlines worldwide and tops the inflation world rankings. People are becoming desperate—living in Argentina is extremely tough—and people are beginning to immigrate to foreign countries. The Argentinian peso is, to the world and the Argentinian citizens, a relentless zombie, rejected by the people but supported by the government, which is desperate to snatch whatever money people have left in their pockets. To develop this...

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Against (David) French Liberalism

2023-06-16

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2023-06-16

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Mises Senior Editor Bill Anderson to discuss his recent article, "David French Gets to Sit with the Cool Kids at the NYT Lunch Table." Bill explains the transformation of French from a "cultural conservative" commentator to the preferred "classical liberal" of the elite. [embedded content] New Radio Rothbard mugs are now available at...

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Can We Understand AI? A Response to Jordan Peterson’s Podcast

2023-06-15

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2023-06-15

All too often, when we see a new technology we don't understand, our natural inclination is to condemn it. Artificial intelligence is no exception. Original Article: "Can We Understand AI? A Response to Jordan Peterson’s Podcast"

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The Fed’s “Hawkish Pause” and the Politics of CBDCs with Peter St Onge

2023-06-15

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2023-06-15

On this episode of Good Money with Tho Bishop, Peter St Onge joins the show to discuss this week's Fed announcement and what it means to normal Americans. Tho and Peter also discuss the political battles in DC over the future of CBDCs and the dangerous trojan horse some Republicans may be creating on the issue. Find more from Peter St Onge on Substack at StOnge.Substack.com. You can also find him on Twitter @ProfStOnge.  Good Money listeners can...

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The Economic Nationalists Are Wrong: Free Trade Means Freedom and Prosperity

2023-06-15

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2023-06-15

During a debate on capitalism with James Otteson, Michael Anton opined that free markets are harmful to a nation's economy. Perhaps he needs to learn economics. Original Article: "The Economic Nationalists Are Wrong: Free Trade Means Freedom and Prosperity"

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Sound Money Is Required for Real Budget Discipline

2023-06-15

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2023-06-15

News here in the USA has been full of the latest farce known as raising or not raising the debt ceiling. After the usual dog-and-pony show, a budget deal was reached. But was it progress? It was a foregone conclusion that the debt ceiling would be raised, yet again, for the simple mathematical reason that unless the budget is cut, via spending cuts or increases in taxes, it can do nothing else. With the budget deficit projected to be (hold on to...

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Republicans Fail on the Debt Ceiling in 2023

2023-06-15

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2023-06-15

Despite "concerns" about increasing federal debt, in the end Republican legislators have gone along with whatever the ruling elites want. The Limit, Save and Grow Act of 2023 is more of the same. Original Article: "Republicans Fail on the Debt Ceiling in 2023"

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Call Rent Control What It Really Is: Theft

2023-06-15

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2023-06-15

As reported by Reason, Colorado—one of thirty-one states that had banned its local governments from imposing rent control—is considering repealing that ban. Recent efforts to allow or impose similar controls have also taken place in New York, California, Massachusetts, Oregon, and Minnesota. However, there is a good reason that most states still ban the local imposition of rent control laws. The key reason is that the primary advantage of local...

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