Category Archive: 6b) Austrian Economics

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Bad, Worse, Worst: The Misguided Perfectionism of Gavin Newsom

2023-11-11

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2023-11-11

My grandfather used to sing to me, “Good, better, best / never let them rest / till the good is better / and the better is best.” I appreciated that lesson and have been applying it to try to make sense of a recent bill signed by California governor Gavin Newsom. While the bill may be the result of Newsom’s grandfather singing to him about “bad, worse, and worst,” I have determined it is more likely a case of bad/worse/worst economic thinking. It...

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Sovereign Debt is Eating the World

2023-11-11

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2023-11-11

Sovereign debt is eating the world. Lining up a financial crash that could make 2008 look like a picnic. How did we get here? In short, governments and central banks deluded themselves into thinking that unlimited deficit spending financed by unlimited money printing won't do what they've done for literally millennia -- plunge the economy into stagflation. They are, of course, wrong. And we're seeing the catastrophe unfold before our eyes. From...

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The Eurozone Disaster: Between Stagnation and Stagflation

2023-11-11

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2023-11-11

The eurozone economy is more than weak. It is in deep contraction, and the data is staggering. The eurozone manufacturing purchasing managers’ index (PMI), compiled by S&P Global, fell to a three-month low of 43.1 in October, the sixteenth consecutive month of contraction. However, European analysts tend to ignore the manufacturing decline using the excuse that the services sector is larger and stronger than expected, but it is not. The...

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How Statism Leads to War

2023-11-11

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2023-11-11

Mises' work explains how laissez-faire economies have incentives to be peaceful with each other, and how, inversely, tariffs and protectionism create isolation, instability, and war. His words are especially prescient today as conflicts rage and tensions between superpowers continue to rise—mirroring the rise in state power across the globe. Dr. Jonathan Newman joins Bob to break down the history of warfare, how states fund war, and why war is more...

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The Dollar See-Saws between Two Views on Fiscal Explosion

2023-11-10

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2023-11-10

As the Biden administration ramps up new government spending—and budget deficits—to unheard-of peacetime levels, reality sets in. No economy and no currency can withstand this explosive assault for very long. Original Article: The Dollar See-Saws between Two Views on Fiscal Explosion

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What the Technocrats Call “Economic Stability” Is Really Just Inflation

2023-11-10

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2023-11-10

There’s a growing palpable sense of optimism among many economists and journalists that the United States economy is heading toward a growth phase while avoiding recession. They are in turn lauding the Federal Reserve for its strategic handling of inflation—with economic growth and low unemployment rates—as well as praising the efficacy of the Biden administration in reining in prices through social pressure on profit-making and through increases...

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Dirk Müller: „Wenn noch immer Menschen in Deutschland frieren….“

2023-11-10

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👉 𝐂𝐚𝐬𝐡𝐤𝐮𝐫𝐬.𝐜𝐨𝐦: 𝐉𝐞𝐭𝐳𝐭 𝟏 𝐌𝐨𝐧𝐚𝐭 𝐟ü𝐫 𝟏€ 𝐭𝐞𝐬𝐭𝐞𝐧 ►► https://bit.ly/Cashkurs_1 𝗦𝗲𝗵𝗲𝗻 𝗦𝗶𝗲 𝗱𝗮𝘀 𝗴𝗮𝗻𝘇𝗲 𝐕𝐢𝐝𝐞𝐨-𝐔𝐩𝐝𝐚𝐭𝐞 𝘃𝗼𝗻 𝗗𝗶𝗿𝗸 𝗠ü𝗹𝗹𝗲𝗿 𝗵𝗶𝗲𝗿: https://go.cashkurs.com/DM231107 (Bei diesem Video handelt es sich um einen kurzen Ausschnitt aus dem Marktupdate vom 07.11.2023 auf Cashkurs.com.) 📧 Gratis-Newsletter inkl. täglichem DAX-Update ►►► https://bit.ly/CashkursNL 🔴 YouTube-Kanal abonnieren ►►► https://www.youtube.com/@cashkurscom Bildrechte: Cashkurs.com /...

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Exposing Our Fed-Driven Bubble Economy

2023-11-10

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2023-11-10

The Great Money Bubble: Protect Yourself from the Coming Inflation Stormby David A. StockmanHumanix Books, 2022; 229 pp. David Stockman served for a short while as budget director during Ronald Reagan’s first term as president, but he soon resigned owing to Reagan’s refusal to cut government spending. He has since that time worked as a private investment adviser, at which difficult profession he has been highly successful, and he has written a...

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The Fed and the Fate of the Dollar

2023-11-10

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2023-11-10

Recorded at the Mises Circle in Fort Myers, Florida, 4 November 2023. Special thanks to Murray and Florence M. Sabrin for making this event possible. Read Bob's book Understanding Money Mechanics: Mises.org/Mechanics The Fed and the Fate of the Dollar | Bob Murphy Video of The Fed and the Fate of the Dollar | Bob Murphy

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Are We Headed for a Recession in 2024?

2023-11-10

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2023-11-10

Recorded at the Mises Circle in Fort Myers, Florida, 4 November 2023. Special thanks to Murray and Florence M. Sabrin for making this event possible. Are We Headed for a Recession in 2024? | Patrick Newman Video of Are We Headed for a Recession in 2024? | Patrick Newman

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The Dangers of a “Cashless” Economy

2023-11-10

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2023-11-10

While the ruling elites and the Federal Reserve try to sell digital money as “modern” and “convenient,” it poses threats to financial privacy and civil liberties. Original Article: "The Dangers of a ""Cashless"" Economy

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China’s GDP Mirage, Investment Risks, and Financial Overhaul with George Magnus

2023-11-10

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China wants to de-risk its economy away from the US and US allies. As former UBS economist George Magnus put it in this episode of Global Macro Update, China has been “pursuing policies that we would now call decoupling” for the past 10 or 15 years. Its goal is to “establish dominant market shares of 70% or more in a range of modern industries at the frontier of science and technology.” George is the author of several books, including Red Flags:...

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Four Economic Activities and the Wealth of Nations

2023-11-10

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2023-11-10

Trading, forecasting, aggregating, and innovating—referred to from here on out as the Four—are activities that people have engaged in since the beginning of humanity. They are part of the human fabric because they stem from mankind’s peculiarities—heterogeneity, inclination to forecast, sociality, and inventiveness. The Four are key social interactions in human life at both the individual and aggregate levels. In 2022, the value of worldwide global...

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¿”FLIPAN” LOS AMERICANOS CON ESPAÑA?

2023-11-10

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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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Machtveränderungen in der Welt – Israel, Ukraine und die Rolle der USA: Interview mit Dr. Marc Faber

2023-11-10

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In diesem Interview diskutiert Dr. Marc Faber die Hintergründe und geopolitischen Entwicklungen im Konflikt zwischen Israel und Palästina sowie in der Ukraine. Geldsicherheit LIVE: https://www.thorstenwittmann.de/yt-geldsicherheit-garantiert/ Freitagstipps abonnieren: https://thorstenwittmann.com/klartext-yt Marc Faber: https://www.gloomboomdoom.com Dr. Marc Faber ist regelmäßiger Gast und in der Finanzbranche berüchtigt für seine direkten und...

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The Fed Has No Plan, and Is Just Hoping for the Best

2023-11-10

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2023-11-10

The Federal Reserve’s Federal Open Market Committee (FOMC) last week 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. I say "believe," but perhaps the more appropriate word...

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False Virtue: The Life and Death of “American Exceptionalism”

2023-11-09

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2023-11-09

The impending decline of the dollar is apparently imposing a real Halloween scare on the American foreign policy establishment. An August 22, 2023, article on the Council on Foreign Relations website entitled “The Future of Dollar Hegemony” explained that  the dollar’s global hegemony gives the U.S. government power to impose crippling sanctions and wage other forms of financial welfare against adversaries. . . . In 2022, more than twelve thousand...

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If the Fed Goes, The State Will Soon Follow

2023-11-09

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2023-11-09

The leviathan US state would not be possible without the Fed underwriting its growth. But the Fed is not all-powerful, nor can it continue to exist by only creating chaos. Original Article: If the Fed Goes, The State Will Soon Follow

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Dollar Hegemony Fuels America’s Foreign Crusades

2023-11-09

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2023-11-09

Mises Institute president Thomas DiLorenzo joins Ryan and Tho to discuss the moralistic claims behind American foreign policy. These claims intensified with the American Civil War and became a creed of American nationalists by the twentieth century. With the rise of the global dollar and dollar hegemony, America's foreign crusades became ever larger and more frequent.  "False Virtue: The Life and Death of 'American...

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Time Preference Is the Key Driver of Interest Rates

2023-11-09

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2023-11-09

By popular thinking, whenever the central bank raises the growth rate of the money supply through the buying of financial assets such as Treasuries this pushes the prices of Treasuries higher and their yields lower. This is labeled as the monetary liquidity effect. This effect is inversely correlated with interest rates. Furthermore, an increase in the money supply after a time lag strengthens economic activity and this pushes interest rates...

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