Austrian Economic Blogs
Adam Smith Institute
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We don’t, in fact, care about the producers
On the subject of Spotify we’re told that:I pay for Spotify, so I am part of the problem. I know that £9.99 a month for access to almost all music, ever, is a steal.The problem apparently being that the pop stars, the ones producing the songs, aren’t now making country GDP sized incomes from having done so. This is not a problem.Our aim in having an economy - a civilisation even - is that we, the people out here, consumers get more of whatever...
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They’re still not understanding the economics of planning reform
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To complain about the problem you’re complaining about being solved
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We’ve been waiting for this other shoe to drop
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To introduce The Guardian to a little economics
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This is entirely vile
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Ombudsmen yes, regulators no
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
Bleeding Hearths Libertarians
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The End
Back in 2011, a group of academic philosophers started a blog called “Bleeding Heart Libertarians.” The idea behind that blog was simple, but also somewhat vague in terms of its specifics: that you could be a libertarian who favored free markets and limited governments, and still care about the kind of things people on the left refer to as “social justice” – relieving poverty, racial and sexual equality, immigrant rights, LBGTQ rights, and so...
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Anti-Competition as the Incel Mentality
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The AAAS Agrees with Magness and Me
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An Excerpt from *When All Else Fails*
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Is It Time for Private Punishment?
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The Two Big News Cases and Philosophy
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How Government Leaders Violated Their Epistemic Duties During the SARS-CoV-2 Crisis
Cafe Hayek
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Bonus Quotation of the Day…
… is from page 56 of the late Hans Rosling’s 2018 book, Factfulness: The misconception that the world is getting worse is very difficult to maintain when we put the present in historical context. DBx: Regular readers of this blog know how deeply I agree with the point made here by Rosling. But only time will tell how much damage will be done to humanity by its insane self-immolation in response to covid. That humankind was, as of mid-March...
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Some Links
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Quotation of the Day…
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Bonus Quotation of the Day…
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Quotation of the Day…
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You Did PAY for That!
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Quotation of the Day…
Carpe Diem
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50 years of failed doomsday, eco-pocalyptic predictions; the so-called ‘experts’ are 0-41 – Publications – AEI
AEI 50 years of failed doomsday, eco-pocalyptic predictions; the so-called ‘experts’ are 0-41 This week Myron Ebell (director of the Center for Energy and Environment at the Competitive Enterprise Institute) and Steven J. Milloy published a post on the Competitive Enterprise Institute (CEI) blog titled “Wrong Again: 50 Years of Failed Eco-pocalyptic Predictions:” Modern doomsayers have been predicting climate and environmental disaster since...
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Quotation of the day on the ‘High Church of Environmentalism’…… – Publications – AEI
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Animated chart of the day: Public school enrollment, staff, and inflation-adjusted cost per pupil, 1970 to 2016 – Publications – AEI
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Videos of the day: Index funds, renewable portfolio standards and eco-anxiety – Publications – AEI
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Tuesday afternoon links – Publications – AEI
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Quotation of the day on the inconsistency of treating children as both role models and incompetent snowflakes….. – Publications – AEI
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A huge gender disparity for loss of life trying to save others – Publications – AEI
Cato Liberty
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Rebutting the IACP’s Spurious Defense of Qualified Immunity
The Cato Institute has been engaged in a strategic campaign to abolish qualified immunity for over two years now. In all that time, the closest I’ve seen to an actual defense of the doctrine is a 2018 law review article by Professors Aaron Nielson and Chris Walker called A Qualified Defense of Qualified Immununity. As the title would suggest, this is hardly a robust defense, but rather a limited, measured argument that the legal case against...
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The Jones Act at 100: Time to Make This Protectionist Law History
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Pandemic Makes Municipal Stadiums an Even Worse Deal for Taxpayers
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Federal Aid for State‐Local Police
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The Facts About the L-1 Visa Program
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Reflections on “Climate Change and National Security: Balancing the Costs and Benefits”
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Let Investors Decide, Part II
Coordination Problem
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Encyclopedia Entry on Economics
Of some interest to CP readers might be my new entry on "Economics" at the Encyclopedia of Libertarianism at Cato's libertarianism.org site. "At the most general level, then, economics is the study of human choice and its consequences, both intended and unintended. In understanding the unintended consequences of choice, and how those choices can be coordinated to produce social benefit, economics continues to rely on the idea...
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My New Introduction to Austrian Economics
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Resources for Teachers in Comparative Economic Systems
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Kari Polanyi on her father Karl Polanyi
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The Problem of Policing and Local Public Economics
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Ostroms: The Movie
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Expert Failure in Times of Crisis
David Stockman’s Contra Corner
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GOP Neocons Slither Over To Biden: Good Riddance!
These guys are charter members of the Washington foreign policy consensus, mixed in with neoconservative never-Trumpers like Eliot Cohen and Robert Kagan (his wife Victoria Nuland was a top neocon official in the Clinton State Department) who have despised Trump from the beginning and think his America First foreign policy is “deeply misguided” and leading the country to “crisis.” Kagan, who openly supported Hillary Clinton in 2016, has...
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Donald J. St. Nick
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Sweden’s Success is Kryptonite for Lockdown and Mask Advocates
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Rotten at the Core
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Debunking The Slanderous Attacks On HCQ
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Europe’s Top Health Officials Say Masks Aren’t Helpful in Beating COVID-19
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Jobs Friday: What Bubblevision Didn’t Tell You And The Donald Won’t
EconLog Library
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Benito Mussolini and Franklin D. Roosevelt
I gave two quotes last week and asked who said them. There were a number of answers and two people got both right. Those who got it right were: Steve Fritzinger Steve Horwitz The first quote was from Mussolini, the second from Franklin D. Roosevelt. Now here’s why I asked. I hear people say often that the more complex a society, the more we need government to plan. As I wrote in the original post, Hayek argued that the opposite is true. I...
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Serendipity and Innovation
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Escaping Paternalism Book Club: Jubal Harshaw’s Reaction
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Flaaen et al. on Washing Machine Tariffs in the A.E.R.
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Stephen F. Williams RIP
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Sweden prediction
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Classical Liberals Shouldn’t be Afraid to Talk About the Common Good
Jay Taylor Media
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Off The Cuff: Is The Crack-Up Boom Here?
In this week’s Off The Cuff podcast, Chris and John Rubino discuss: It looks a lot like the start of a crack-up boom Will the markets ever fall again? History shows our current path ends badly, and in a destroyed currency How can investors protect their wealth in such a dangerous, complex time? 2020 just gets more and more challenging. After a brief sell-off in March, stocks and pretty much every other type of financial asset are in full...
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Throwing Printed Money at This Problem Won’t Make It Go Away
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Pennsylvania Is Playing Politics with Drug Rationing
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Reflections on the Failure of Socialism
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Daily Digest 8/10 – Americans Lining Up At Food Banks, Small Farmers Left Behind In COVID-19 Relief Package
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He’s Baaaacccckkk….
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Inflate or Die!
Keith Weiner
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Silver Explodes—But Why?
The silver market witnessed another explosive day! At midnight (in London), the price of the metal was $26.90. By 9pm, it had rocketed up to $28.95, a gain of 7.6%. This is not normal. But then, we are not in a normal world. The Republicans are spending like drunken Modern Monetary Sailors. And there’s some chance that their even-bigger-spending rivals will be in full power after the November election. The deficit is now likely to be $6...
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The Wealth Effect: Silver Edition
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Inflating a Silver Bubble, 5 August
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Silver Scarcifies, 27 July
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Open Letter to Mercatus Center
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One of These Silver Days is Not Like the Other, 23 July
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About that Spike in the Silver Price… 22 July
LewRockwell
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A Covid Lockdown Will Result in a Million More Deaths
The narrow focus of the WHO and CDC to halt the spread of COVID-19 coronavirus while ignoring other infectious diseases will predictably result in excess deaths from a more prevalent and deadly lung disease – tuberculosis. The COVID-19 lockdowns are predicted to result in a million more deaths from tuberculosis than what would normally occur. The COVID-19 lockdowns need to be halted immediately if this data is to be heeded and translated...
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Autopsy of America
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Israel Destroys East Beirut With a New Weapon
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The DNC Convention Is the Election
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Bad Medicine: Fauci’s HCQ Waterloo
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Germany’s Populist Revolt Against the Lockdown
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People Don’t Understand the Significance of $2,000 Gold
Mauldin Letter
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Yellow Flag Jobs Data
As I file this letter Friday morning, people are reacting to the July jobs report. My own reaction: The headline report is absurd. I will explain further at the end of this letter. But first, I have another topic. Regular readers know I worry about debt, mainly that the world has too much of it. But it’s a little more nuanced. Whether debt is excessive depends largely on what it buys. Debt is problematic when it underwrites...
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European Resurgence
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Valuation Inflation
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Small Business Blues
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Stumble-Through Jobs Market
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The Blacker Swan
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A Recession Like No Other
Max Keiser
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The Covid-19 Dominoes Fall: The World Is Insolvent
To understand why the financial dominoes toppled by the Covid-19 pandemic lead to global insolvency, let’s start with a household example. The point of this exercise is to distinguish between the market value of assets and net worth, which is what’s left after debts are subtracted from the market value of assets. Let’s say the household has done very well for itself and owns assets worth $1 million: a home, a family business, 401K retirement...
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Goodbye to All That: The Demise of Globalization and Imperial Pretensions
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[KR1513] Keiser Report | Thinking Exponentially
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And Then Came the Lawsuits: Pandemic in a Litigious Society
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What the Fed Can Do: Print and Buy, Buy, Buy
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The Gathering Storm: Could Covid-19 Overwhelm Us in the Months Ahead?
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[KR1511] Keiser Report | Painting Pandemic with Alex Schaefer
Mercatus Center
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The Remote Work Revolution Complicates the Fragile Economic Recovery
The labor market is poised, as if on a knife’s edge, between recovery and an even deeper hole. The recent jobs report showed that temporarily furloughed workers are returning to their jobs as businesses attempt to reopen. The recovery is fragile, however, with 9.2 million more workers still facing the possibility that their furloughs may become permanent. The increasing embrace of remote work complicates matters, since it carries with it...
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Coronavirus Impact on the Economy
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Why You Can't Solve a Public Health Problem With Economic Stimulus
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Is Nancy Pelosi holding up major U.S. trade deal over politics? Expert panel debates
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Response to a Symposium on Peter J. Boettke's F.A. Hayek Book
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Measuring Markets and Morality
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Multiplier Myths
Mises institute Canada
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Who Wants To Be A Jewi er And Other Essays The Institute For Israel And Jewi udies
2013 Essay Writing Services Tips We closely work with professors and PhD holders in helping in project development. Such writers can persuade their readers through their essays and are able to present the content with which the readers Limestone College ambcrypto.com Gaffney SC http://limestone.edu can relate themselves. You can enjoy any of these services at any time of the day or night because we operate as a 24/7 service provider....
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Defencemen Logan Stanley and Tucker Poolman will get their first flavor
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the Caps return household to participate in their very last two games
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Ottawa Senatorshave now secured an Eastern Conference berth within the 2017 Stanley Cup playoffs
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the Sabres just take on Arizona within the desert
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Red Wings have named residence has experienced its individual special aura
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The Predators once-a-year Fathers Journey begins tonight in Philadelphia
Mises Institute USA
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Albert Jay Nock, Radical
[Reprinted from Fragments, Spring 1995.] It has happened with every great radical in history: the moment he dies and is safely interred, interpreters and commentators leap in to dilute and bowdlerize his thought and his stature, and often succeed in transforming his public image into that of a safe and sound member of the conservative ...
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Pennsylvania Is Playing Politics with Drug Rationing
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Reflections on the Failure of Socialism
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Throwing Printed Money at This Problem Won’t Make It Go Away
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Why Fed Bugs Really, Really Hate Gold
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Political Self-Determination and the Nagorno-Karabakh Conflict
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The Founding Fathers’ Coup d’État
Peter Schiff
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ETF Gold Holdings Increase for Eighth Straight Month
ETFs globally added another 166 tons of gold in July. It was the eighth straight month of inflows of metal into gold-backed funds. That pushed total ETF gold holdings to another record high of 3,785 tons, according to the latest data from the World Gold Council.With gold hitting an all-time record high at the end of the month, global assets under management stood at $239 billion at the close of July.So far this year, gold-backed funds have...
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Peter Schiff: The Most Unloved Gold Bull Market I’ve Ever Seen
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Fun on Friday: Five Awful Uses for Gold
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An Express Elevator Ride Up: SchiffGold Friday Gold Wrap Aug. 7, 2020
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Silver Breaks Above $28 an Ounce
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Fed Commitment to Let Inflation Run Isn’t a Promise; It’s a Threat
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Americans Currently Owe More Than $21 Billion in Back Rent
Robert Murphy
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BMS ep. 136: A Framework for Money, Inflation, and Debt
This is a follow-up to the marathon interview I did with Rohan Grey on MMT. I lay out what is the fairly standard framework economists use for thinking about money, inflation, and debt, and apply it to the discussion Rohan and I had.
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Bob Murphy Show ep. 135: Adrian Lee Oliver on Police Abuse and Pros & Cons of BLM
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BMS ep 134: David Friedman on Physics, Coase, and Anarcho-Capitalism
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BMS ep 133: Bob Murphy Debates Thaddeus Russell on Postmodernism as Foundation for Liberty
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BMS Twin Spin
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Potpourri
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BMS ep 131: Rohan Grey Deep Dive on MMT and Trillion Dollar Platinum Coin
Tom Woods
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Ep. 1661 The Lockdowns and Those Millions of Lives
Download Audio
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Ep. 1660 Post-Virus America
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Ep. 1659 What Just Happened at the Libertarian Convention?
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Ep. 1658 Ex-Marxist Ridicules “Wokeness”
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Ep. 1657 These Libertarians Are Carrying on, Virus or No
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Ep. 1656 Shenanigans in the Libertarian Party?
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Ep. 1655 Why Does the Left Favor Lockdowns?
Wolf Street
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No, Homes Did Not Sell Like Hotcakes: “Pending Home Sales” Plunged 34% in April, a Preview of “Closed Sales” in May
The housing market faces ferocious headwinds. By Wolf Richter for WOLF STREET. Pending sales of existing homes of all types in April – contracts on houses, condos, etc., that were signed in April but that haven’t closed yet – collapsed by 33.8% from April last year, after having plunged 16.3% year-over-year in March, with the index plunging to 69, according to the National Association of Realtors today. An index value of 100 represents the...
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Week 10 of the U.S. Labor Market Collapse: Still Getting Worse at Gut-Wrenching Pace, But Signs of Bottom Appear
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Commercial Real Estate in the Plague Year: The Office Tower Landscape is About to Be Remade
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4th-Largest US Rental Car Company, Advantage, Files for Bankruptcy: 3rd Time in Decade, Hertz & Private Equity Written All Over It
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College Enrollment in the Spring Fell for 9th Year in a Row, and Now Comes Covid
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Despite Record-Low Mortgage Rates, New House Prices Drop to Lowest April since 2015, Sales to Lowest April since 2017
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It Starts: The Corporate Mega-Bailout Bonanza in Europe, Germany on Top
Zerohedge
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As US Bans ‘WeChat’, Chinese Turn To ‘Signal’, But Decentralization Is The Answer
Authored by Mathew Di Salvo via DeCrypt.co, Signal could help worried Chinese based in the US look for solutions to the ban on Chinese apps TikTok and WeChat. A decentralized platform could be the best option... President Donald Trump this week announced his intentions to ban US companies from transacting with Chinese payment and messenger app WeChat, leading to a spike in downloads for privacy-first messenger app Signal - and reigniting the...
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“Game-Changing Capability” – Air Force One Is Going Hypersonic
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Predicting The Price Of Gold
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“Financially Devastated” – 83% Of NYC Restaurants Unable To Pay July Rent
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Watch: The Moment Secret Service Shoots Gun-Toting Man Outside White House
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Chaos In Chicago: Bridges Raised To Prevent Gun-Toting Looters Getting Downtown
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Iran ‘Accidentally’ Sank Mock US Aircraft Carrier In Wrong Place