Category Archive: 6b) Austrian Economics

FedNow Isn’t a CBDC, but It Is Dangerous

Starting in July, the Federal Reserve will be rolling out a new payment service dubbed “FedNow.” Among many on the dissident side of politics, there is a growing worry that this new service may be a trojan horse for a central bank digital currency (CBDC). The concern is a valid one. A CBDC, depending on how it is implemented, could eliminate the privacy allowed by a cash system, allow the freezing of accounts with greater ease, and open the door to...

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Subjective Value and Market Prices

This concept of economic calculation is really the foundation of all economic theory, and price theory is the cornerstone of economic calculation. Download lectures slides at Mises.org/MU23_PPT_04. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2022.

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The Birth of the Austrian School

Menger discovered much more than the principle of marginal utility—he created an entire system of economics based on subjective value and individual choice. Download lecture slides at Mises.org/MU23_PPT_03. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2022. The Birth of the Austrian School | Joseph T. Salerno Video of The Birth of the Austrian School | Joseph T. Salerno

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Can Fractional Reserve Banking Survive the Twenty-First Century?

Caitlin Long tweeted over the July 4 weekend, “BIG NEWS for #fintech! A sixth US state—Idaho—is willing to charter uninsured, non-lending, 100% reserve banks that are eligible for Fed master accounts (the other states are CT, ME, NE, VT & WY). This trend could turn the ‘bank-as-a-service’ (#BaaS) model on its head!!!!!” As Long explained to Ash Bennington on Real Vision, bankers are playing this three-card monte game of, well, I’ll tell...

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The real failure of “trickle down economics”

Part I of II For decades already, one of the most popular and commonly employed attacks of Keynesians and other left-leaning economists was the one against the idea of “trickle down economics”. They ridiculed the notion that a rising tide lifts all boats or plainly put, the obvious fact that when job creators thrive, so do the people that hold those jobs and sustain themselves and their families thanks to them.  The main objection to this...

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Reflections on Method: The Proper Study of Man

Includes an introduction by Joe Salerno. Recorded at the Mises Institute in Auburn, Alabama, on 23 July 2023. [embedded content]

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Welcome and Opening Remarks

Recorded at the Mises Institute in Auburn, Alabama, on 23 July 2023. Welcome and Opening Remarks | Joseph T. Salerno Video of Welcome and Opening Remarks | Joseph T. Salerno

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¿Y AHORA QUÉ? ELECCIONES, BLOQUEO Y SEPARATISMO

#elecciones2023 #feijoo #sanchez #bildu 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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Das Ende der Meinungsfreiheit? (Henryk M. Broder)

Er ist Kolumnist und Buchautor und hat die Schnauze voll vom "Berliner Irrenhaus" - Henryk M. Broder ist ein "alter Hase" der Pressewelt. Er schrieb für den SPIEGEL, den Tagesspiegel, Welt am Sonntag und ist aktuell Kolumnist bei der WELT. Er betreibt außerdem den Blog "Achse des Guten". Ich spreche mit ihm über die aktuelle Politik, Medienwelt und Meinungsfreiheit in Deutschland. Als Insider hat er einiges zu...

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“Lauterbach ist kein guter Gesundheitsminister”

► Mein bald erscheinendes Buch jetzt vorbestellen: https://amzn.to/3K5EOW2 ► Mein Merch: https://shop.marc-friedrich.de/ ► Mein letztes Buch Du möchtest das erfolgreichste Wirtschaftsbuch 2021 "Die größte Chance aller Zeiten" bestellen? Auf Amazon: https://www.amazon.de/shop/marcfriedrich oder mit Signatur: https://www.marc-friedrich.de/ ► Friedrich & Partner Vermögenssicherung https://www.friedrich-partner.de/ ► Social Media...

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mentiras, Mentiras y MÁS MENTIRAS del Gobierno

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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PENSIONES GARANTIZADAS: El PSOE te sigue mintiendo en tu cara

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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Why “Classical” Liberals Want Decentralization

[This article is chapter 3 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities. Now available at Amazon and in the Mises Store.] In recent decades, many pundits, scholars, and intellectuals have assured us that advances in communications and transportation would eliminate the different political, economic, and cultural characteristics peculiar to residents of different regions within the United States. It is...

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Explore the Minor Issues Archives

This week Mark invites you to explore the Minor Issues archives. We have produced about a half a year's worth of short audio commentaries about the economy, and we are grateful to our listeners for their feedback. Topics range from the price of toilet paper to macro-business cycle topics, but our specialty is highlighting issues that the mainstream media ignores or misrepresents as insignificant. Thank you for listening.  Be sure to...

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Modern Socialism Is Forced Socialization

My article “The Education of the Modern Socialist” deserves a follow-up. The first part showed that a change has occurred in the definition of “socialism”—a necessary change in view of the failures of this ideology during the last century. Socialism today is based on the ideology of “statism”—the conviction that the state must play a fundamental role in society. Ludwig von Mises’s wider definition of socialism as state intervention implies a modern...

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Why Government Pollution Control Fails

In over twenty-five years of teaching undergraduate students, I have heard the same refrain countless times: free markets have many problems that government has to step in to solve. Indeed, students expect government to “step in” so much that markets occupy a peripheral role in their idealized economic system. Even students with an ideological predilection toward markets will be quick to argue that certain problems, such as pollution, require...

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Ukraine-Weizenexport – die Lüge mit den armen Ländern

► Mein bald erscheinendes Buch jetzt vorbestellen: https://amzn.to/3K5EOW2 ► Mein Merch: https://shop.marc-friedrich.de/ ► Mein letztes Buch Du möchtest das erfolgreichste Wirtschaftsbuch 2021 "Die größte Chance aller Zeiten" bestellen? Auf Amazon: https://www.amazon.de/shop/marcfriedrich oder mit Signatur: https://www.marc-friedrich.de/ ► Friedrich & Partner Vermögenssicherung https://www.friedrich-partner.de/ ► Social Media...

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How East Germany’s Stasi Perfected Mass Surveillance

The state has a monopoly on violence. However, abusive repression harms government credibility and alienates public support in the long run. A more subtle and effective way to exercise power is to surveil the population and to prevent open manifestations of discontent. This article analyzes the case of the of the German Democratic Republic’s (DDR) Ministry for State Security (MfS), also known as the Stasi. The thesis is that an effective...

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How the Fed Could Bring in a CBDC Through the Back Door

George Gammon, host of the popular Rebel Capitalist show, warns that the Fed won't have to force the public to adopt a central bank digital currency (CBDC). Instead, the public might clamor for it, being promised safe, high-interest checking accounts at the Fed, just like Jamie Dimon. The Rebel Capitalist show: Mises.org/HAP405a How the Fed Could Bring in a CBDC through the Back Door Video of How the Fed Could...

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Mises and Nationalism

Nationalism is a potent force in the modern world, and it is not surprising that some libertarians have been attracted to it. Indeed, in some circles the slogan “Blood and Soil” has come into to use to denote a people’s attachment to the land. It should be noted that although this slogan was used by the Nazis, especially by Walter Darré, it did not originate with them but was common among German nationalists such as Oswald Spengler. It would be...

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