Austrian Economic Blogs
Adam Smith Institute
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A different way of thinking about Net Neutrality
"Net Neutrality" is the idea that internet service providers (ISPs) should not be able to prioritise some traffic over others even if they are willing to pay more. For example, Netflix cannot be charged more for its highly-demanded content than, say, BBC4. Or, looked at another way, people who watch a lot of Netflix cannot be charged more for the additional network congestion that creates than people who watch one programme a...
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At some point we’re going to stop this delusion – why not now?
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So, what should we do in the absence of knowledge?
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How much do refugees cost the taxpayer?
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Another reason not to believe the Bank of England’s stress tests
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We do rather love this debate over AI and regulation
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A better way
LewRockwell
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Are You TPP’d?
This article is all about how you can have a year’s supply of toilet paper, no matter what size house or apartment you live in. Lack of sanitation has caused the death of more people worldwide than all of the wars in human history combined. Many of those deaths were due to poor sanitation methods and lack of understanding of diseases and how they link to poor hygiene. So why is it that those who live in prosperous countries do so little about...
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Don’t Like Public Monuments?
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Figuring Out the JFK Murder-Coup
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Russia Turns to Cryptocurrencies
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The Best First Gun
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CNN Calls Anyone Who Disagrees With Them
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Miracle in Syria
Cato Liberty
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Does School Choice Segregate?
When those in power make blatantly false claims that could lead to less freedom for the least advantaged members of society, it is imperative that they are corrected. The President of the American Federation for Teachers, Randi Weingarten, gave a speech last month where she stated that school “vouchers increase racial and economic segregation.” What Does the Evidence Say? As I pointed out last month in a Cato Policy Forum on School Choice and...
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Terrorism in Spain—What is the Hazard?
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Statues
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Learn the History of Liberty with the Encyclopedia of Libertarianism
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The 2017 Stress Tests: Are US Banks Really in Good Shape?
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You Should Be Able to Vindicate Federal Property Rights in Federal Court
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Your Guide to the NAFTA Renegotiation
Mauldin Letter
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Wages vs. Jobs
In Outside the Box today, my good friend Gary Shilling draws some crucial distinctions with respect to wage and jobs and explains why our perplexing US labor market is actually quite rational. Gary shares with me a fundamental optimism regarding our prospects for long-term economic growth, and in this report he tells us why. This kind of in-depth dissection of macro trends is what Gary is known for. You can learn more about subscribing to his...
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What I Learned at (Economics) Summer Camp
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Amazon and Walmart Battle for Retail’s Future
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Hot Summer Mailbag
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Camp Kotok, Here We Come!
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Happiness Is a Normal Yield Curve
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Hoisington Quarterly Review and Outlook, Second Quarter 2017
Max Keiser
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Are Profit and Healthcare Incompatible?
As I have been noting for a decade, the broken U.S. healthcare system will bankrupt the nation all by itself. We all know the basic facts: the system delivers uneven results in terms of improving health and life expectancy while costing two or three times more per person compared to our advanced-economy global competitors. U.S. Lifestyle + “Healthcare” = Bankruptcy (June 19, 2008) Sickcare Will Bankrupt the Nation–And Soon (March 21, 2011) How...
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Gold, Silver Consolidate On Last Weeks Gains, Palladium Surges 36% YTD To 16 Year High
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[KR1111] Keiser Report: ‘Silver lining’ of US mortality rates
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Must See Charts – Gold Hedges USD Devaluation, Rise in Oil, Food and Cost of Living Since “Tricky Dicky”
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[KR1110] Keiser Report: Trend reversals
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World’s Largest Hedge Fund Bridgewater Buys $68 Million of Gold ETF
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Buy Gold Urges Dalio on Linkedin – “Militaristic Leaders Playing Chicken Risks Hellacious War”
EconLog Library
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Henderson on Robots, Jobs, and Productivity
If you're still worried that robots will be too human-like, consider what happened to men's jobs when women, who not only are human-like but also are actual humans, increasingly entered the labor force. Men's jobs didn't decline; they increased. In 1950, before the large entry of women into the U.S. labor force, 43.8 million men and 18.4 million women were employed. By 2015, women's employment had skyrocketed to 78.0 million, while men's...
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Fifty years ago
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Hummel on the Curse of Cash
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Can the left and the right agree on a monetary reform plan?
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War Crimes and the Long Run
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The Ethics of Charles Koch
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Sons of Wichita
Cafe Hayek
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Bonus Quotation of the Day…
… is from pages 14-15 of my late colleague Jim Buchanan‘s 1966 paper “Economics and Its Scientific Neighbors” as it is reprinted in Moral Science and Moral Order, Vol. 17 of The Collected Works of James M. Buchanan: Law can modify the conditions under which human beings choose among alternatives; it cannot directly affect the behavior in choosing. Economics seems to generate nonsensical statements by its critics, but none takes precedence...
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Some Links
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Globalism > Nationalism > Localism
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Quotation of the Day…
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A Fusillade of Fallacies at Breitbart
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Quotation of the Day…
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Trade’s Greatest Benefit
Robert Murphy
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Thoughts on the “Vice” Episode on Charlottesville
Partly because I had technical hang-ups and partly because I wanted to collect my thoughts, I’ve waited a bit before saying anything publicly about this shocking video on Charlottesville. So here are my reactions, and again I’m closing the comments on this because I think that will help to contain further fighting. ==> It will possibly be the case that this post will anger/disappoint everyone who reads it. If so, I hope that’s because I am...
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Responding to Steve Landsburg on Government Debt
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Potpourri
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Tom and Bob Triple Play
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I Throw Scott Sumner Under the Bus
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The Jewish Calendar a Microcosm of History
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If Libertarians Reject the “Left/Right Spectrum” Then Why Do We Use Those Terms?
Bleeding Hearths Libertarians
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Chuck ’em out! The politicians who proposed the RAISE Act are INELIGIBLE to live in the United States!
Current Events Let’s see…. Tom Cotton: Age 40, US JD law degree, salary $39,400, good English (given how the Act is written he is disbarred from being “excellent” or “fluent”), no Nobel Prize, no Olympic medal, no foreign currency to invest. Points: 6+0+0+10+0+0+0=16 (NB: Given how the Act is written an applicant who answers the education questions...
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Immigration Points and the Fatal Conceit of Central Planning
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The Bourgeois Argument for Freer Immigration
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The Rhetoric of Libertarians and the Unfortunate Appeal to the Alt-Right
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Hutt on Constitutional Constraints as Protection for the Politically Weak
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Chris Freiman’s Unequivocal Justice
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On the Value of Being a Producer
Mises Institute USA
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Chris Calton: Historical Controversies
6 hours agoChris CaltonJeff DeistFor this week's Mises Weekends, we're excited to share the first episode of a new Mises Institute podcast, Historical Controversies. Hosted by Chris Calton, a Mises Fellow, Historical Controversies is a series that applies a Rothbardian revisionist look to important sagas in American history. The first season covers the War on Drugs, highlighting the role of the US government in fanning the flames of America's...
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People’s QE? It’s Venezuela with Tea and Cakes
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A Tale of Two “Deflationary” Booms — The Gilded Age vs. Today
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Taxation, Slavery, and Consent
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Do Seasonal Adjustments Help Identify Business Cycles?
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Privatize the Public Monuments
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How Welfare States Make Us Less Civilized
Mises institute Canada
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Government Guaranteed Income is Not a Solution
Excerpted from Fallacies of the Negative Income Tax. Published in Man vs. the Welfare State. Reprinted from Mises.org Recognizing the calamitous erosion of incentives that would be brought about by a straight guaranteed-income plan, some reformers have advocated what they call a “negative income tax.” This proposal was put forward by the prominent economist, Professor Milton Friedman, of the University of Chicago, in his book Capitalism and...
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How the Market Creates Jobs and How the Government Destroys Them
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The Bond Bubble
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Violence: How It’s Different From Market Exchange
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The Reason for Statist Immigration
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The Brooding Baron of 20th-Century Fascism
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Is Bitcoin a Bubble?
David Stockman’s Contra Corner
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The Culprits Live In The Eccles Building, Not The Jefferson Memorial
On the margin, the Donald got elected by the burned out manufacturing zones of Flyover America. That is, the western Pennsylvania steel country, industrial Ohio, the automotive belt of Michigan and the former manufacturing towns of Wisconsin and Iowa. Trump didn't actually have a program to help them, of course, but his patter about bad trade deals, unfair foreign competition and America First resonated in places like these where, in fact,...
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August 18: Daily Contrarian Reads
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More Keynesian Gibberish From Bubble Blind Central
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August 17: Daily Contrarian Reads
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Chart of the Day: Weak Industrial Production, Strong Stocks, Why Worry!
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Chart of the Day: America’s #1 Growth Industry—-Transfer Payments
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The Trump Tower Lynch Mob
Peter Schiff
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Fun on Friday: World Gold Panning Championships
As we’ve reported before, panning for gold is a fast-growing hobby. I get it. I can see the fun in getting out into nature with family and friends. You get to experience the beauty of the great outdoors, enjoy some physical activity, and of course, there’s always the possibility of striking it rich – however unlikely that might be.But in my opinion, some people have taken this gold panning craze a little too far. They’ve turned it into a...
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Gold Is Money: It’s Elemental!
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How Central Banking Increased Inequality
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If the Lights Go Out, You’ll Want to Own Gold
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Jim Rickards: Evidence Supports Breakout for Gold
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US Household Debt at Record Levels Not Seen Since 2008 Crisis
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Central Bank Polices Disrupt Our Ability to Assess Risk
Zerohedge
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Pat Buchanan Asks “In This Second American Civil War – Whose Side Are You On?”
Authored by Patrick Buchanan via Townhall.com, "They had found a leader, Robert E. Lee -- and what a leader! ... No military leader since Napoleon has aroused such enthusiastic devotion among troops as did Lee when he reviewed them on his horse Traveller." So wrote Samuel Eliot Morison in his magisterial "The Oxford History of the American People" in 1965. First in his class at West Point, hero of the Mexican War, Lee was...
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Only In Cali: New Bill Would Imprison Healthcare Workers For Using Incorrect Pronouns With Patients
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Dilbert’s Scott Adams Explains “How To Know You’re In A Mass Hysteria Bubble”
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The Real Story Behind Goldman’s Q2 Trading Loss: How A $100M Gas Bet Went Awry
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‘Art Of The Deal’ Co-Author Slams “Racist” Trump, Says “Endgame Is On, Amazed If He Survives Til Year-End””
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“Almost Cataclysmic”: Barclays Reveals Which Restaurants Are Most Exposed To Collapsing Malls
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‘Inconvenient’ Fact: Morgan Stanley Says Electric Cars Create More CO2 Than They Save
Wolf Street
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Cashing Out of Unicorns Gets Hard
Until shares can be sold, “valuations” remain fake wealth. With Friends like these… Goldman Sachs’ hedge fund, Goldman Sachs Investment Partners, has offloaded over $75 million of Spotify shares, or “less than half” of its stake, in recent weeks, Sky News “has learnt” from “insiders.” This is peculiar because the Swedish music streaming service is preparing to list its shares on the New York Stock Exchange at a valuation of $13 billion, and...
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Paradise for Oligarchs: Poverty, Inequality Soar as Wealth Rises
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What Ford’s New Guy Said about the Future of Self-Driving Cars
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So When Will China’s Debt Bubble Finally Blow Up?
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Grocery Store Turmoil in Chicago
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Support for Hard Brexit in the UK Hardens
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What the Heck’s Going On with Vintage Automobiles?
Thomas Woods
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Ep. 979 Liechtenstein: The Closest Thing to a Libertarian Country?
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Ep. 978 Charlottesville Once More: Left-Anarchist Keith Preston Discusses
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Ep. 977 Left, Right, and Charlottesville, with Paul Gottfried
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Ep. 976 Boom, Bust, and Government in American History
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Ep. 975 Radical Libertarian Architect: Privatize Public Spaces, Housing, Everything
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BONUS Ep. 974 Libertarian Turns Passion into Online Business
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Ep. 973 Glenn Jacobs, WWE’s Kane, Runs for Mayor
Carpe Diem
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We hear about US jobs outsourced overseas (‘stolen’) but what about the 7.4M insourced jobs we ‘steal’ from abroad? – Publications – AEI
AEI We hear about US jobs outsourced overseas (‘stolen’) but what about the 7.4M insourced jobs we ‘steal’ from abroad? We’ve been hearing a lot over the last year or more, especially from President Trump and many of his economic advisers and supporters, about US firms outsourcing factory jobs overseas, along with accusations that countries like Mexico, China, and Japan are “stealing US jobs” (see more than 200,000 Google search results for...
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See an animation of how the solar eclipse will look from anywhere in the U.S. – Publications – AEI
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Wednesday afternoon links – Publications – AEI
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Quotation of the day on the morality of free traders vs. protectionists ….. – Publications – AEI
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Google memo author exposes three of the most scandalous thought crimes of contemporary American society – Publications – AEI
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Thursday afternoon links – Publications – AEI
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Some scientists respond to the controversial Google memo – 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 Big Myth
Don Watkins of the Ayn Rand Institute wrote an article, The Myth of Banking Deregulation, to debunk a lie. The lie is that bank regulation is good. That it helped stabilize the economy in the 1930’s. And that deregulation at the end of the century destabilized the economy and caused the crisis of 2008. If deregulation is the problem, then reregulation is the solution. So, in the wake of the crisis, Congress enacted a 2,300-page monstrosity of...
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What Will a 20% Tariff Do?
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Yield Purchasing Power
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Reflections over 2016
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About that Economic Inequality
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You Didn’t Build That!
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Antidiscrimination Law
Coordination Problem
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Will the Real James Buchanan Please Stand Up
Hands down the best book you will read on James McGill Buchanan this year, or any year to this date, is Richard Wagner's James M. Buchanan and Liberal Political Economy. The book is full of insights drawn from a 50 year association with Buchanan and his work -- as his student, as his co-author, as his colleague. Wagner, in my opinion, is the intellectual heir to Buchanan's liberal political economy is more qualified than any other figure...
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CEVRO Institute MA Program in Philosophy, Politics and Economics
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Reflections on 2017 MPS Regional Meeting in Seoul, Korea
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Applied Economics and Bridging the Gap Between Theory and Public Policy
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A Dialogue on Israel Kirzner and His Contributions to Price Theory and the Competitive Market Process
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Happy 87th Birthday Professor Israel M. Kirzner
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Call for Papers: 2017 SDAE meetings (Tampa, FL, November 17-19)
Mercatus Center
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New York City Supporter and Friend Lunch
Please join Mercatus Center Senior Research Fellow Veronique de Rugy and Executive Director Daniel M. Rothschild for a lunch discussion that will give you the inside scoop on why lovers of liberty have good reason to be optimistic about what’s happening on Capitol Hill and in the states. If you have any questions about this event, please contact Caitlyn Schmidt at cschmidt@mercatus.gmu.edu or (703) 993-4925.
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Brent Skorup’s Comments on ISPs and First Amendment Rights
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ACA Is Uninsuring the Insured
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Macro Musings 70: Greg Mankiw on Macroeconomists as Scientists and Engineers
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Macro Musings 69: Edward Harrison on the Political Economy of the Eurozone
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David Beckworth Discusses the Inflation Rate on C-SPAN's Washington Journal
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Don't Be Too Hard on Apple for Bending to China
