Austrian Economic Blogs
Adam Smith Institute
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Venezuela Campaign: building crisis cements Maduro’s failed legacy
Cement is a vital building material that is largely unavailable in Venezuela due to the collapse of the state-owned cement industry. Venezuela’s massive cement scarcity has resulted in the ruin of the construction industry.Hugo Chavez nationalised the cement industry to increase production in the ‘strategic’ sector. The Venezuelan assets of the four major private cement companies were expropriated in 2007-8, and construction of a new...
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Health care is a luxury so of course Americans spend more upon it
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What is the correct number of bank branches?
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Wider applications of the Kuznets Curve
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It’s the decision making process itself which is wrong here
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It’s the disinformation from some that so annoys about climate change
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At last, an accurate description of Gordon Brown’s personal income tax policies
LewRockwell
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Whose Money Stoked Religious Strife in Ukraine?
Was $25 million in American tax dollars allocated for a payoff to stir up religious turmoil and violence in Ukraine? Did Ukrainian President Petro Poroshenko (unsuccessfully) attempt to divert most of it into his own pocket? Last month the worldwide Orthodox Christian communion was plunged into crisis by the decision of Ecumenical Patriarch Bartholomew I in Constantinople to recognize as legitimate schismatic pseudo-bishops anathematized by...
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Non-Emergency Automated Braking
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China’s Monetary Policy Must Change
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The Political Rebellion Gathers Momentum
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The Primacy of Income
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The Dog Accused of a Hate Crime
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Is Trump Right About ‘Excellent’ US Wines?
Cato Liberty
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The Benefits of Frictionless Trade, as Seen in Saarland
The European Union comes in for a lot of criticism, including around these parts. Not all my colleagues have been so critical. Still, burdensome regulations by an unaccountable bureaucracy would trouble any libertarian. But this article in the Washington Post reminded me of the original promise of the Common Market, which grew into the European Union: The degree to which the European Union’s post-nationalist vision has transformed the...
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Will Malay Muslims Accept Equality Before Law?
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It’s Time to Put the Jones Act Under the Microscope
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At Cato Unbound: How Best To Reform Child Protective Services?
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Apprehended Border Crossers Spend an Average of 39 Hours in Detention: Evidence from 2014 and 2015
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DEFENSE DOWNLOAD: Week of 11/15
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Better Late Than Never?
Mauldin Letter
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Seventh-Inning Debt Stretch
Science tells us energy can neither be created nor destroyed within a closed system. Whatever amount is there will stay the same, though it might change form. If only the same were true for debt. Within the closed system called Earth, we are much better at creating debt than eliminating it. But when we have too much, we eventually eliminate it in painful and unpleasant ways via some kind of debt crisis. This has happened over and over...
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Economic Brake Lights
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Debt Alarm Ringing
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The Real Cost of Low-Fee Funds
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Red Hot China Mailbag
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The Trade Deficit Isn’t the Boogeyman
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The Trump Trade War Recession?
Max Keiser
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Brexit’s Safe Haven Is a Dangerous Place
Gilts are on a tear as investors escape U.K. stocks and the pound. But a no-deal Brexit or a Corbyn government would soon change their status. By Mark Gilbert and Marcus Ashworth (via Bloomberg.com) British investors have been fleeing their domestic stock market in droves all year, and everyone and their dog lined up to sell sterling on Thursday as the tally of resignations from Theresa May’s Brexit-plagued administration mounted. Gilts have...
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The Political Rebellion Gathers Momentum
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JPMorgan Silver Manipulation Confirmation | Ted Butler
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Does Any of This Make Sense?
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Gold Rises As Stocks and the Pound Fall On Valuation Concerns, Italy and Brexit Risks
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The Implicit Desperation of China’s “Social Credit” System
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Pound Falls 2.5% Against Gold as UK Government in Turmoil Over Brexit
EconLog Library
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Liberty, Authority, and Giuliani
A Newsweek story claims that Rudy Giuliani, the former mayor of New York City and current lawyer of the U.S. President, has long-standing and suspicious ties to the Russian oligarchy, including with respect to money laundering. I don’t know if this is true or not. And let me add that money laundering laws, which did not exist half a century ago, certainly represent a strong advance of the Surveillance State and a general threat to individual...
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Us and them
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You have them… Robots Don’t
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Wisdom from Mark Littlewood
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Freedom of the Press and of Speech: True and False
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Extremism in the defense of subsidized liberty is a (conservative) vice
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Why I Seek Converts
Cafe Hayek
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Quotation of the Day…
… is from page 87 of my colleague Richard Wagner’s superb 2017 intellectual biography of Jim Buchanan, James M. Buchanan and Liberal Political Economy: There can be many reasons why someone might think some modicum of force might be necessary to maintain good civil order. It is impossible, however, to guarantee that force will be limited to maintaining good civil order. Force will be deployed as its holders choose to deploy it. This is a...
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Quotation of the Day…
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Some Links
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Quotation of the Day…
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And Then There are These Facts…
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Quotation of the Day…
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Bonus Quotation of the Day…
Robert Murphy
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Driving Out the Canaanites
On a recent episode of the Tom Woods Show, Gene Epstein debated Elliot Resnick on the question of whether the state of Israel should give up any territory to the Palestinians. Resnick offered a Biblical defense of Israel’s right to the land, to which Gene said something like (I’m paraphrasing): “As libertarians, we can’t justify the ancient Israelites taking land from the Canaanites whose only crime was to be in the wrong place.”...
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Economists Overlook Problems With a Carbon Tax
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God’s Instructions for Israel’s Kings
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Soft Launch: The Bob Murphy Show
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Impressionist Does Robin Williams, Jack Nicholson, and even Ron Paul
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Catching Up on Contra Krugman
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Three Links
Bleeding Hearths Libertarians
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Any BHL readers in Amsterdam?
If so, hope to see you here. Jos de Beus Lecture 2018 by Prof. Jacob T. Levy (McGill) Date & time: Monday 19 November 2018, 17.00-19.00 hrs. Location: VOC-room, Bushuis, Kloveniersburgwal 48, Amsterdam Entrance is free, registration not required. ‘Justice in Babylon: Political Norms and Ideals in an Unjust World’ The Jos de Beus Lecture 2018 is made possible by the research group Challenges to Democratic Representation of the Department...
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Bad Arguments for Democracy #1: Local Knowledge/Misusing Hayek
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Public Deliberation as Pre-Meditated Injustice
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Libertarianism: Eric Mack’s New Book
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Bombs, rhetorical and otherwise
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Two Hypotheses about the Leftward Slant in Academia
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If You’re Not Continuously Outraged, You Must be a Horrible Person!!!
Mises Institute USA
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Capitalism Means Less Waste — Because More Waste Often Means Less Profit
In “How Capitalists Created a “War on Waste”,” Chris Calton did an excellent job of laying out how the “profit motive encourages the natural reduction of waste,” without requiring government coercion. Selling part of the output of a productive process that would otherwise be thrown away or require costly disposal is as much a source ...
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Does China Have Enough Gold to Move Toward Hard Currency?
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Innovation Requires Economic Freedom
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It’s Not a Problem When the Chinese Don’t Spend Their Dollars Here
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When Currency Crashes There’s No #metoo — You Do What You Have to Do
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The Freedom Crisis
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Why Politicians Love Deals like the Amazon Deals
Mises institute Canada
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Ludwig von Mises: Remembering a Fountainhead of Modern Libertarianism
Reprinted from Mises.org September 29 marks the birth of Ludwig von Mises, who Guido Hulsmann’s biography, Mises: The Last Knight of Liberalism, argued was the 20th century’s foremost economist. Mario Rizzo credits him with “probably the most important single economic idea of the last century: rational economic calculation is impossible under socialism, and attempts to put such a system in place will only impoverish the citizenry.” Brian...
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Luxuries into Necessities
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What to Do Until Privatization Comes?
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The Eight Marks of Fascist Policy
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Lack of Police Accountability Shows the “Social Contract” Isn’t Working
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Debt and War
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The Living Reality of Military-Economic Fascism
David Stockman’s Contra Corner
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Japan’s $5 Trillion Problem: BOJ’s Balance Sheet Now Exceeds GDP
An epic bond-buying spree by Japan's central bank means it's now sitting on assets worth more than the country's entire economy. Data released by the Bank of Japan on Tuesday show that its total holdings stand at 553.6 trillion yen ($4.9 trillion) following years of money printing aimed at jump starting the country's stagnant economy. That's bigger than Japan's annual gross domestic product at the end of the second quarter — and more than five...
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The Intolerable Scourge of Fake Capitalism
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Washington’s Real Threat To Freedom Of The Press—-Pending Prosecution Of Julian Assange
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Imperial Washington’s So-Called War On Terrorism—–$6 Trillion Spent, 500,000 Dead
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Wither Red Capitalism? The Dead End Of Chinese Keynesianism Versus Hard Money
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Attention Must Be Paid! 10-Year UST Yield When Hedged Into Euros and Yen Has Vanished
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Imperial Washington And The 77-Years War—-Why There Is Still No Peace On Earth, Part 5
Peter Schiff
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Fun on Friday: When Your Gold Roof Goes Bad
A few months ago, during a major downpour, I noticed water drip, drip, dripping onto the floor of my guest bedroom. I put a bucket under it and climbed into the attic, horror clawing at the edges of my mind. Was I about to need a new roof?If you’re a homeowner, you probably share my dread of the roof going bad. It’s generally one of the highest home-repair cost you will ever encounter. It can run you over $10,000 just to replace a modest size...
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Building Houses on Rotten Foundations: SchiffGold Friday Gold Wrap 11.16.18
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Real Capitalism Isn’t Rigged; Socialism Is
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Is the Air Coming Out of Housing Bubble 2.0?
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Gold: The Best House in a Bad Neighborhood
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Peter Schiff: Investors Are Playing Checkers Instead of Chess
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Silver-Gold Ratio Hits Quarter-Century High
Zerohedge
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US Shale Firms To Spend $100 Million On West Texas And New Mexico Improvements
Over a dozen top US energy firms have agreed to devote $100 million towards much needed improvements in West Texas and New Mexico, in order to help the regions cope with shortfalls in health care, education and civic infrastructure in the wake of the shale oil and gas boom, the group said on Sunday. Chevron, EOG Resources, Exxon Mobil and Royal Dutch Shell are among 17 companies backing the Permian Strategic Partnership, as the consortium...
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Deception In North Korea? Nope, But A New Flavor Of Neocon
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U.S. Envoy Seeks Peace Deal With Taliban By 2019 Amidst Direct Talks
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“Brutally Cold Temperatures” Threaten To Devastate Black Friday Sales
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What Market Turmoil: Sotheby’s, Christie’s Sell $2BN In Monster Week For Auctions
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“Arab NATO” Gaining Momentum? Washington’s ‘Plan B’ For Countering Russia
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Goldman: “The Fed Has Never Engineered A Soft Landing From Beyond Full Employment”
Wolf Street
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THE WOLF STREET REPORT
Market Exuberance Ends, Pain Starts In the 14 months from the presidential election through January 2018, the Dow soared 49%. Housing prices soared too. The real economy followed. Consumers went on a spending spree. But now, this phenomenon — the surge in exuberance among consumers, investors, homebuyers, speculators, business-decision makers, and the like, often called the “Trump Bump,” whether or not Trump had anything to do with it — is...
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Bubble Trouble: Seattle-Bellevue Metro Housing Market Goes South
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Resurrected Abengoa & Construction Giant OHL Flirt with Collapse
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Housing Downturn Arrives in Silicon Valley & San Francisco
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How US Oil Booms & Busts Hit Industrial Production
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WTF Just Happened with Natural Gas?
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France Chases London’s Gold Market Amid Soft-Brexit Hopes
Thomas Woods
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Ep. 1286 Can Murray Rothbard Be Explained to Children?
Download Audio
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Ep. 1285 The Establishment Is Ignorant: Nullification Edition
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Ep. 1284 How Northerners Used States’ Rights to Fight Slavery
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Ep. 1283 Scott Horton on Scott Horton: The Making of a Libertarian Foreign Policy Expert
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Ep. 1282 DEBATE: Should Israel Give Up Territory?
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Ep. 1281 The End of World War I: A Look Back 100 Years Later
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Ep. 1280 Trump, the Democrats, the Midterms, and the Future
Carpe Diem
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Markets in everything: Education where students pay tuition via an income-share agreement – Publications – AEI
AEI Markets in everything: Education where students pay tuition via an income-share agreement From the Lambda School website: A Revolutionary New School That Invests in You: Lambda School is a 30 week, immersive program that gives you the tools and training you need to launch your new career—from the comfort of your own home. Lambda School trains people online to be software engineers at no up-front cost. Instead of paying tuition, students...
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Sorry, feminists, men are better at Scrabble (and geography and math) – Publications – AEI
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Great moments in government overreach and nanny statism, Canadian edition – Publications – AEI
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Best sentence I read today II… on our cartoonish, Protectionist-in-Chief…. – Publications – AEI
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The best sentence I read today….. – Publications – AEI
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Something to be thankful for: The real cost of a 2018 Thanksgiving dinner is lowest since 2010 and 26% lower than 1986 – Publications – AEI
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Another great moment in government overreach and nanny statism – Publications – AEI
Bawerk
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Necessity is the Mother of Invention – Retirees Desperate Reach for Yield
Ben Bernanke’s creativity inspired a generation of economists and central bankers. QE, ZIRP and NIRP established a new class of economics that is mathematically sound but practically disastrous. Billions of dollars were transferred from savers to investors to boost the economy, but the wizards of quant forgot that something has to give. In this case, it was the formation of a pension crisis that threatens the golden years of millions of...
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Chinese Philosopher Kings, Losing their Yuan FX Religion?
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How to Invest in the New World Order
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Toward A New World Order, part III
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Toward a New World Order, part II
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Toward a New World Order?
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“Subtle forward guidance”: The marriage between best practice central banking and commodity markets
Keith Weiner
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The Failure of a Gold Refinery, Report 12 Nov 2018
So this happened: Republic Metals, a gold refiner, filed bankruptcy on November 2. The company had found a discrepancy in its inventory of around $90 million, while preparing its financial statements. We are not going to point the Finger of Blame at Republic or its management, as we do not know if this was honest error or theft. If it was theft, then we would not expect it to be a simple matter of employees or management walking out the door...
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Wizard’s First Rule, Report 4 Nov 2018
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What Can Kill a Useless Currency, Report 28 Oct 2018
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Useless But Not Worthless, Report 21 Oct 2018
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Interview, Ted Talk, Gold Bug Hope
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You Can’t Eat Gold, Report 14 Oct 2018
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The Toxic Stew, Report 7 Oct 2018
Coordination Problem
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Come Work With Us at Ball State
We have two tenure-track openings at Ball State and we'd love to hire two people with fields in health econ and I-O/Law and Economics. You'll join a department with a long-standing commitment to teaching and research that appreciates the power of markets and that is inclusive of work from Austrian economics, public choice, and other traditions in political economy. And you'll have the opportunity to work with not just 7 or 8 colleagues engaged...
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Wirth Institute 2018 Conference on the Austrian School of Economics
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Wirth Institute 2018 Conference on the Austrian School of Economics
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All Things Marx and Socialism at Liberty Fund
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All Things Marx and Socialism at Liberty Fund
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Talking About the Hayek Book
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Talking About the Hayek Book
Mercatus Center
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When Should We Start Worrying About Inflation?
Scott Sumner discusses the possibility that Fed policy has become too expansionary.
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How the Crypto Crash Could Be Good for Crypto
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A Salute for Lieutenant Graboyes
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Want to Create Jobs? Curb Occupational Licensure
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New York's Smaller Counties Getting Left Behind
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The Carbon Tax Is Dead, Long Live the Carbon Tax
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Another Republican Capitulation on Health Care
