Austrian Economic Blogs
Adam Smith Institute
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Venezuela campaign: How nationalisation caused food shortages in Venezuela
Venezuela is currently in the grip of a devastating food shortage. Reports estimate that in 2017 the average Venezuelan lost an average of 12kg, following a 9kg weight loss the previous year. 60% of Venezuelans said they woke up feeling hungry each day. Nationalisation, a key policy of the Venezuelan regime, is an important cause of the hunger. Also called expropriation, it was applied to every aspect of the food chain from basic agriculture...
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Clearly, therefore we must stop recycling plastics
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The NHS is hiring assistants, not nurses – why might this be?
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Mariana Mazzucato does have problems understanding her economics, doesn’t she?
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Arbitrage and the gains from trade – cannabis edition
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To correct an historical misapprehension about the Indian economy
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Venezuela Campaign: reading into the schools crisis
LewRockwell
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Please Remember Not To Vote!
So, it’s three weeks before the US midterm elections, and it looks like we have got ourselves a horse race! That’s right, folks, once again, it’s time to start playing with those forecast maps on Real Clear Politics and FiveThirtyEight, and obsessively following the fluctuating poll numbers of congressional candidates you have never heard of competing in districts you couldn’t locate if someone held a gun to your head. You need to start doing...
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Putin Lays Down the Law
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US Leaving INF Will Put Nuclear Non-Proliferation at Risk
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The Coming Inflation Threat
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Watch Your Mouth
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Gibson’s Paradox
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The US Military Is Now Recruiting Soldiers
Cato Liberty
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Let’s Face It: US Policy in the Middle East Has Failed
The ongoing controversy surrounding the murder of a dissident Saudi journalist and Saudi Arabia’s brutal bombing campaign of a largely defenseless neighboring Yemen, which has come with an enormous human toll, have elicited increased scrutiny over the U.S.-Saudi alliance. The White House remains supportive of Riyadh, both diplomatically and with continued military aid. Republicans have offered mildly critical words for the Saudi regime, while...
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Markets Can Calm Opioid Epidemic If Government Gets out of the Way
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Impeach Justice Kavanaugh?
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Federal Jobs Guarantee Would Be Largest Single Global Employer, By Far
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Bloomberg/NYU Center Embeds Lawyers In AG Offices To Pursue Green Causes
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Brexit Update: Talks Reach Crunch And “No Deal” A Strong Possibility
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Do Deep Roots Explain Firm Management Practices?
Mauldin Letter
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The Real Cost of Low-Fee Funds
Today, rather than tackle some big macroeconomic issue, we’ll go back to this letter’s roots and look at market timing and portfolio construction issues. I expect this will get both enthusiastic support and at the same time, make a number of readers uncomfortable—if not annoyed. Why? Because I am going to take on a number of shibboleths many hold sacred and dear. But after a great deal of thought over the last few years, I’ve come to...
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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?
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China for the Trade Win?
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Chinese Growth Spurt
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China’s Command Innovation
Max Keiser
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[KR1295] Keiser Report: QE Party Out of Punch?
In this episode of the Keiser Report, Max and Stacy discuss the QQE Party drying up as ‘Qualitative and Quantitative Easing’ dries up in even Japan, despite their claims to the contrary. What will happen to interest rates and the global debt bubble when the central banks stop buying all the bad debts corporations and banks push on them? In the second half, Max interviews Susan Poole, of Blockbridge Advisory, about the latest in the regulatory...
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Gold Reserves Surge 1,000% In Hungary As It Joins Poland, Russia, China and Other Central Banks Buying Gold
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How Do You Sell Your ETF or Vaulted Gold When the Internet Goes Down?
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IMF Issues Dire Warning – ‘Great Depression’ Ahead?
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Poland Raises Gold Holdings to Record High in September – IMF
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How Many Households Qualify as Middle Class?
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“It Always Pays To Hold Some Gold”
EconLog Library
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How to Believe in Free Speech
Almost all libertarians earnestly say, "I believe in free speech." Normally, though, this goes way beyond the right to speak freely. Most libertarians also believe that free speech "works" in some sense - that given a free exchange of ideas, the truth will at least ultimately prevail.On reflection, this is an awkward position. Western countries don't have completely free speech, but they are amazingly close to this...
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Why the Singapore summit might be a net plus
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War Fighting and the Loss of Liberty
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Koyama Responds on State Capacity
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Why the Surveillance State is Dangerous
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Good and bad nationalism
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Chronology of Past Jobs I Have Had, Part 2
Cafe Hayek
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Pity Protectionists for Having Nothing to Work with but Misinterpretation and Illogic
Here’s a letter to the American Conservative: One of my blog’s readers – Mr. Stefan Kløvning – alerted me to your favorable tweet yesterday of a link to a 2003 article in your pages by one R.B. Calco titled “The Misunderstood Adam Smith.” The title is unintentionally appropriate as Calco’s understanding of Adam Smith is deeply flawed. For example, consider Calco’s assertion that “Smith operated under the assumption that everybody, yes, even...
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Quotation of the Day…
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Abundance Does Not Impoverish
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Wages Reflect Underlying Economic Realities
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Quotation of the Day…
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Some Links
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Quotation of the Day…
Robert Murphy
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Wisdom About Debt From the Mosaic Code
In our Bible study we covered Deuteronomy 15. Some interesting excerpts: 1“At the end of every seven years you shall grant a release. 2And this is the manner of the release: every creditor shall release what he has lent to his neighbor. He shall not exact it of his neighbor, his brother, because the LORD’s release has been proclaimed. 3Of a foreigner you may exact it, but whatever of yours is with your brother your hand shall release. 4But...
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Nordhaus vs. the IPCC
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The Possible Utility of Mosaic Dietary Code
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Tom Woods on ReasonTV
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The Nobel Laureates
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Nordhaus vs. IPCC
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A Difference in Worldviews
Bleeding Hearths Libertarians
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Winning isn’t everything
I have a new essay up at Niskanen on what elections, and confirmations, do and don’t settle. Published on: October 11, 2018October 11, 2018Author: Jacob T. Levy
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In Defense of Viewpoint Diversity
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Why the “Grievance Studies” Hoax Was Not Unethical. (But it’s not very interesting, either.)
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All Things Marx and Socialism at Liberty Fund
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For Whom the Heart Bleeds
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The Rules of Tribal Politics
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Global Justice and Misleading Metaphors
Mises Institute USA
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Brett Kavanaugh, The Duke Lacrosse Team, and Déjà vu
American politics seems to revolve around claims of sexual assault, be it the recent fight over the Supreme Court nomination of Brett Kavanaugh (and whether or not he did everything but run a sex trafficking ring at a pizza shop), the past escapades of President Donald Trump, or the sexual exploits of Bill Clinton who ...
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In Defense of Payday Lending
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William Nordhaus vs. the U.N. on Climate Change Policy
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It’s OK To Buy Your Pet a Halloween Costume (and Other Luxuries)
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On “Grievance Studies” and Academic Book Burning
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The UN’s Plans for More “Charity” Won’t Solve the World’s Problems
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3 Reasons Why the Federal Government Should Handle Only Foreign Affairs
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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Reports Say MBS Rang-Up Khashoggi At The Consulate: You’re Coming Back—Dead Later Or Dead Now
"Khashoggi was detained by the Saudi team inside the consulate building. Then Prince Mohammed contacted Khashoggi by phone and tried to convince him to return to Riyadh," the report said. "Khashoggi refused Prince Mohammed's offer out of fear he would be arrested and killed if he returned. The assassination team then killed Khashoggi after the conversation ended," it added....
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Oval Office Prisoner—The Depredations Of Trump’s Horrible National Security Team
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It’s The Dollar, Stupid! The Shortage Is Here, The Crunch Is Coming
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Memo To The Monetary Politburo (FOMC): You’re Targeting 2.00% Inflation Of Exactly What?
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The Approaching Reality: When Dip Buyers Become Bag Holders
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Now Comes The Real Disgusting Part—-Turning Khashoggi’s Pieces And Parts Into Cash
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Titans Of Junk And The $1.2 Trillion M&A Binge On Cheap Debt
Peter Schiff
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Savings – Not Tariffs – Will Make America Great Again
In a podcast earlier this month, Peter Schiff talked about the “twin deficits” of national debt and trade. We’ve talked a lot about the federal debt spiral, and there has even been some discussion about it in the mainstream. But almost nobody is paying attention to the growing trade deficit. Peter is an exception. When the August numbers came out earlier this month, Peter noted it was the largest trade deficit in merchandise since the summer...
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Fun on Friday: Gold You Can Throw Through Your TV
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I Ain’t Got a Crystal Ball: SchiffGold Friday Gold Wrap 10.19.18
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Peter Schiff Debates a Socialist (Video)
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Fake Accounting Creates Fake News
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US Debt ‘Out the Wazoo’ as China and Japan Sell Off Treasuries
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Report: Increasing Global Risk Highlight’s Gold’s Relevance
Zerohedge
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US Futures Rise After Chinese Stocks Soar; Italian Bonds Boosted By Moody’s
After some initial weakness early in the Monday session which pushed S&P futures as low as 2,750 on Sunday night, below their Thursday lows, animal spirits were rekindled and S&P futures rebounded by almost 30 points from session lows... ... with global stocks and futures generally a sea of green... ... after Chinese stocks extended the torrid Friday rally, soaring by 4.1% and jumping the most in three years after Beijing doubled...
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Saudi Arabia Won’t “Weaponize” Oil Prices, Energy Minister Says
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Mass Wave Of 300 Migrants Storm High Border Fence To Enter Spain, One Dies
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Saudi Crown Prince Spoke To Khashoggi By Phone Moments Before He Was Killed: Report
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The Biggest Winners In The Mediterranean Energy War
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Will Italy Sink Europe? Former Goldman Chair Warns Brussels Bureaucrats, Rome Is Not Athens
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Putin Announces New Hypersonic Weapon Will Be Deployed In “Months”
Wolf Street
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Booms & Busts: Tech Stocks & Real Estate in San Francisco Bay Area
And now the biggest boom of all. The Nasdaq has dropped 8% from its intraday high on October 1, and now the real estate industry in the San Francisco Bay Area has its collective eyes fixed on it because there is an uncanny dependency on tech stocks. The cause-and-effect relationship between tech-stock prices and real estate in San Francisco is not perfectly agreed-upon. One thing is sure: when the Nasdaq surges for an extended period of time,...
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Backlash Against War on Cash Reaches the Bank of Canada
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US Housing Turns into Buyer’s Market
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Spain’s Supreme Court Flip-Flops on Mortgage Ruling After Just 1 Day Amid Bank Stocks Bloodbath, Legal Shitstorm Erupts
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What Truckers & Railroads Are Saying About the US Economy
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No Rescue for Italy as Long as its Debt Crisis Stays in Italy?
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Implosion of Stock Market Double-Bubble in China Hits New Lows, Authorities Busy Elsewhere Keeping China Miracle from Unraveling
Thomas Woods
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Ep. 1265 What I Told the Libertarian Party of Florida
Download Audio
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Ep. 1264 Going to College? Everyone Congratulates You. Not? You’re Probably a Loser
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Ep. 1263 Reason’s Matt Welch on Libertarianism, Foreign Policy, Journalism, and Michael Malice
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Ep. 1262 What’s the Deal with Elon Musk? And Other Car News for Libertarians
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Ep. 1261 Is There a Moral Obligation to Help the Poor Abroad, and Other Moral Questions Asked of Libertarians
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Ep. 1260 Has the War in Afghanistan Been a Success?
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Ep. 1259 A Neoconservative’s Embarrassing Fall
Carpe Diem
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Quotation of the day on protectionist fallacy that greater abundance springs from government-contrived scarcities…… – Publications – AEI
AEI Quotation of the day on protectionist fallacy that greater abundance springs from government-contrived scarcities…… … is from Don Boudreaux’s post “Pity Protectionists for Having Nothing to Work with but Misinterpretation and Illogic“: Protectionists have no revered economists to call their own. Nor do they have any coherent principles or theories on which to build their case that greater abundance springs from government-contrived...
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Great moments in nanny statism – Publications – AEI
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Quotation of the day on how the neo-Marxist harassment-industrial complex is out of control….. – Publications – AEI
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In 1962, Milton Friedman made the case for unilateral free trade as the best and fastest path to economic prosperity – Publications – AEI
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Some economic lessons about trade for Donald Trump from Milton Friedman and Henry George – Publications – AEI
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Trade proverb: Two protectionist abuses/wrongs don’t sum to one right…. they sum to two abuses/wrongs – Publications – AEI
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More evidence that it’s really hard to ‘beat the market’ over time, 95% of finance professionals can’t do it – 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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Interview, Ted Talk, Gold Bug Hope
I was on the Jay Taylor Show again, to talk about the the Swiss franc. No, the headline was not of my choosing. Adam Caroll gave a Ted Talk about how people behave differently when money isn’t real. And gets into a discussion of how kids will click to spend on their parents’ phones without any real appreciation for what it costs. It’s called “When money isn’t real“. Real being the paper dollar, and unreal being a credit card, or worse yet,...
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You Can’t Eat Gold, Report 14 Oct 2018
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The Toxic Stew, Report 7 Oct 2018
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Textbook Falling Interest Behavior
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Permanent Gold Backwardation, Report 30 Sep 2018
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We Need a Free Market in Interest Rates
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Why Are Wages So Low, Report 23 Sep 2018
Coordination Problem
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Wirth Institute 2018 Conference on the Austrian School of Economics
For over a decade, the Wirth Institute for Austrian and Central European Studies has been hosting a biannual conference exploring the history, philosophy, and relevance of the Austrian School of Economics. The Wirth Institute is located at the University of Alberta in Edmonton, Canada, and was established in 1998 and serves as an academic and culture center, and is part of a larger network of academic and cultural institutes dedicated to the...
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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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2018 SDAE Annual Dinner & Awards Details
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Coming to a Library Near You
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The Science War — And YES I did say WAR, and Its Sad
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Chapter Abstracts from book on Hayek
Mercatus Center
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The Pension Crisis You May Not Know about Yet
What is a multiemployer pension (MEP)? A multiemployer pension plan is a private sector defined benefit pension, sponsored jointly by a union and several companies, most typically within a common industry or geographic region. For workers, especially those in industries where short-term employment is common, such pensions offer the advantage of portability; the worker continues to accrue pension benefits within the same plan even if moving to...
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The Weekend Reads of a FinTech Scholar
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Averting the Multiemployer Pension Solvency Crisis
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Tariff Exemption Requests Reveal Flood of Affected Firms
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What Is 'Hipster Antitrust?'
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Ex-Im Exposure
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The FAA Reauthorization Could “Make America Boom Again”
