Austrian Economic Blogs
Adam Smith Institute
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The Great Society
Fifty-five years ago, on May 22nd, 1964, President Lyndon Johnson announced his Great Society program at Ann Arbor, Michigan. Its scope was breathtaking, aiming at nothing less than the total elimination of poverty and racial injustice in the United States. Fundamentally, it came down to a series of spending programmes that aimed to tackle shortcomings in education, healthcare, transport, and the problems faced by people in cities and rural...
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The Greenpeace protestors rather misunderstand the purpose of a company like BP
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An important day for women
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5G and weather forecasting – there’s a solution to this
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Liberty champion’s birthday
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Productivity’s important, sure, but why is it important?
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Venezuela Campaign: Cut off Cuban cash to free Venezuela
Cafe Hayek
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Bonus Quotation of the Day…
… is from page 7 of Thomas Sowell’s 1979 paper “Adam Smith in Theory and Practice,” which is Chapter 1 in Adam Smith and Modern Political Economy, (Gerald P. O’Driscoll, Jr., ed., 1979) (footnotes deleted): Smith not only rejected the policies and practices of the mercantilists, their concept of wealth, and of the nation, he also approached the whole problem of order in the world from a different perspective. The mercantilists were part of a...
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More Bizarro Thinking from the Trump Administration
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Quotation of the Day…
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Difficult to See How Americans Suffer from Beijing’s Subsidies
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Antitrust’s Sordid History
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Quotation of the Day…
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Some Links
Coordination Problem
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McCloskey and Horwitz on Women, Markets, and Liberty
Well, mostly McCloskey. This is the full recording of the inaugural Madam C. J. Walker Colloquium in Political Economy at Ball State University, sponsored by the BSU Institute for Entrepreneurship and Free Enterprise. Deirdre and I wandered over a lot of territory in the nominal topic of "Women, Markets, and Liberty" in the first hour, and we got some excellent questions from the attendees. I hope you enjoy it as much as we did. ...
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Art Carden reviews F. A. Hayek: Economics, Political Economy, and Social Philosophy (Palgrave/Macmillan, 2019)
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Myth Busting and Economic Theory
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Happy Birthday Professor Hayek
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Rajan on community
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F. A. Hayek: Economics, Political Economy and Social Philosophy — the podcasts
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Creativity and Combinatorial Thinking in Arts, Science and Commerce
David Stockman’s Contra Corner
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Another False Positive: Japan’s Q1 GDP Down 1.3% Excluding Import Collapse’s “Add” To GDP
It doesn’t give a very good impression of overall Japanese demand. It’s not even resilience. In GDP accounting, though, negative imports are positive especially as a second derivative where the calculations come from. As a result, the big drop in imports “contributes” 3.4 percentage points to the 2.1 percent annualized gain....
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Washington Sends War Armada Into Persian Gulf—Lunatics Like Sen. Graham Call For War On Iran For “Provocations”!
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Trumpian Economics—Backdoor Socialism By Any Other Name
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Europe’s Addiction To The Monetary Heroin of Negative Rates Has Become Actute
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Why The Donald’s Trade War Is An Attack On Free Market Prosperity And Individual Liberty
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The Regime Change We Need—Honest Rates At The Fed
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Washington’s Mugging Of Huawei—A Blindingly Stupid Adventure In Economic Ignorance
Max Keiser
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[KR1385] Keiser Report: Truth Decay
In this episode of the Keiser Report, Max and Stacy discuss the public pension funds piling into ‘alternative assets’ seeking yield. These pension funds need 7.5-8% to meet their obligations and yet are earning only 6.2-6.4% in this low interest rate environment. In the second half, Max interviews Samson Mow of Blockstream and Pixelmatic. They discuss the reasons for the satellites that Blockstream has launched, the advantages to bitcoin of...
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The Normalization and Institutionalization of Fraud
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[KR1384] Keiser Report: Big Losses Leads to Great Wealth
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Downward Mobility Creates “Deplorables”
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The Economy Has Fundamentally Changed in the 21st Century–and Not for the Better
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Burnout Nation
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Is China’s Belt & Road a Decade Too Late?
Mercatus Center
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Amazon, Artificial Intelligence, and Digital Market Manipulation
The advent of artificial intelligence technology use in dynamic pricing has given rise to fears of ‘digital market manipulation.’ Proponents of this claim argue that companies leverage artificial intelligence (AI) technology to obtain greater information about people’s biases and then exploit them for profit through personalized pricing. Those that advance these arguments often support regulation to protect consumers against information...
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Economic Implications for the United States of a North America without NAFTA or USMCA
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Safety Exemptions and the Regulatory Approach to Autonomous Vehicles
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The Subtle Economics of Private World of War Craft Servers: Anarchy, Order, and Who Gets the Loot
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Safety Exemptions and the Regulatory Approach to Autonomous Vehicles
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Nine Ways to Prevent Future Recessions
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The Great Facial Recognition Technopanic of 2019
Peter Schiff
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Nope! Nothing to See Here!
Don’t worry. Nothing to see here!That was pretty much the message Federal Reserve Chairman Jerome Powell delivered in a speech he gave at the Atlanta Federal Reserve bank conference on May 20.Powell talked about the high levels of corporate debt. In fact, corporate leverage is at a record level of around 35% of corporate assets. But the Fed chair said it’s not really too big a cause for concern.Although Powell acknowledged, “Business debt has...
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The Trade War — Donald’s Last Stand
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Peter Schiff: The Consumer Confidence Con-Job
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China Sells Most US Treasuries in 2-1/2 Years Amid Threats of ‘Nuclear Option’
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Fun on Friday: Lookie What I Found!
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Until Debt Do Us Part: SchiffGold Friday Gold Wrap 05.17.19
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Auto Loan Delinquencies Approaching Great Recession Peak
Robert Murphy
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Potpourri
==> On the Bob Murphy Show, I explain why plea deals are a gross miscarriage of justice. ==> Then on the next episode–which has been my favorite thus far–I interviewed the Chair of Harvard’s Astronomy department to talk about black holes and the strange object ‘Oumuamua. (Is it aliens? Hey, don’t scoff–the guy makes a convincing case.) ==> At IER, I explain why it’s simply not true that we “have a decade left” to deal with...
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Murphy Triple Play
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Potpourri
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Bob at Connecticut College Talking Climate Change Economics
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Potpourri
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Would We Be Happier Without All That Pesky Output?
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Podcast Potpourri
Thomas Woods
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Ep. 1411 Michael Malice on Humor, Trolling, and the New Right
Download Audio
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Ep. 1410 The New Right: A Journey to the Fringe of American Politics
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BONUS Ep. 1409 The Progressive Rock Episode, with Big Big Train’s David Longdon
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Ep. 1408 We Are Politically Vanquished. What Should Our Strategy Be?
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Ep. 1407 Does Study of the Middle Ages Have a “White Supremacy” Problem?
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Ep. 1406 My Keynote to the Florida LP: What We’re Up Against
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Ep. 1405 The Battle Hymn of the Republic and American Righteousness
Wolf Street
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US Home Sales Drop, Drop, Drop Despite Lower Mortgage Rates. But Mortgage Applications Jump. What Gives?
Where are the foreign investors in this phenomenon? Declining home sales in the US is a phenomenon that baffles the industry, given that mortgage rates have dropped sharply from the recent peak in November, and home sales should have jumped, logically speaking. But no. Sales of existing homes – single-family houses, townhouses, condos, and co-ops – in April ticked down from March and fell 4.4% from April last year, to a seasonally adjusted...
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Jaguar Land Rover Books its Biggest-Ever Annual Loss. Sales Collapse in China
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Deutsche Bank Death Spiral Hits Historic Low. European Banks Get Re-Hammered
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Carmageddon Sinks Tesla’s Bonds
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THE WOLF STREET REPORT
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This Is What Happens When Retailer Asks Landlord for a Rent Reduction
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E-Commerce Crushes Mall Retailers One by One. Here’s the Data
Zerohedge
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Thiel-Backed Crypto Startup Pays Out Staggering 6,567% Return
A crypto startup backed by legendary VCs Peter Thiel, Alan Howard and Louis Bacon is buying back shares from its seed investors in a round of 'share buybacks' that will massively inflate its valuation - at least on paper. Block.one, a crypto startup that raised $4 billion during one of the most successful ICOs in history, has decided to pay back (some might say pay off) its earliest investors by buying back their shares - initially purchased...
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Washington Weighs Blacklisting Of Up To 5 Chinese Surveillance Firms
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Two Scenarios For Trump-Russia Investigators… And Neither Is Comforting
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Yuan, Futures Slide On Reports Trump Administration Expands China Tech Blacklist
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US Warns Assad Of “Quick Response” After New Chemical Attack Allegation
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Geologist: A Yellowstone Eruption “Would Destroy Most Of America”
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Antifa Organizer Ordered To Pay Legal Fees Over ‘Unreasonable, Frivolous’ Lawsuit
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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On Reading Entrails and Student Evaluations
In Cracks in the Ivory Tower, we note that empirical work overwhelmingly shows that students evaluations are reliable but invalid measures of teaching effectiveness. Some early results were positive, but as sophistication in using statistic techniques and controlling for confounding variables increased, the published results became ever more negative. So, why do universities insist on using them? Some hypotheses: The SET is relatively cheap...
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Paul Gunn’s Forthcoming Hatchet Job in Critical Review
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Smashing Fences and Fascists
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That newfangled “pod-casting” all the kids are talking about
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Why do Bernie Sanders and Alexandria Ocasio-Cortez Hate Poor People?
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You Can’t Regulate Just One Side of an Exchange
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Most Academic Advertising Is Immoral Bullshit
Cato Liberty
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Philadelphia Soda Tax
A recent New York Times article reports that today’s Democratic primary in Philadelphia partially represents a referendum on the city’s soda tax, even though it is not on the ballot. Incumbent Mayor Jim Kenney, the engineer of the 1.5 cents per ounce tax on sugary and artificially sweetened beverages which took effect in 2017, is facing two Democratic challengers who both support repealing the controversial tax. Since its inception, the tax...
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Chinese Ships on the Mississippi River: Just Another Jones Act Tall Tale
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The Coming “Stimulant Crisis?”
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Should Cities Spend More on Transit?
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New Study on Fiscal Federalism
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Why Section 230 Is Unstable
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Huawei’s Blacklisting a Great Leap Toward Economic Decoupling
Keith Weiner
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China’s Nuclear Option to Sell US Treasurys, Report 19 May
There is a drumbeat pounding on a monetary issue, which is now rising into a crescendo. The issue is: China might sell its holdings of Treasury bonds—well over $1 trillion—and crash the Treasury bond market. Since the interest rate is inverse to the bond price, a crash of the price would be a skyrocket of the rate. The US government would face spiraling costs of servicing its debt, and quickly collapse into bankruptcy. America could follow the...
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The Monetary Cause of Lower Prices, Report 12 May
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Nonmonetary Cause of Lower Prices, Report 5 May
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Money Metals Exchange Lease #1 (silver)
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Monetary Metals Leases Silver to Money Metals Exchange
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The Spreads Blow Out, Update 1 May
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Is Keith Weiner an Iconoclast? Report 28 Apr
LewRockwell
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Wikileaks: Ecuador is Being Run By “Criminals & Liars.”
What’s happening with Julian Assange is heart-breaking. He’s a hero, just like Edward Snowden. Government secrets are kept, not to protect ‘national security’ as commonly claimed, but rather to protect political and corporate interests. After all, the United States is evidently run by a small group of corporations. These corporations have a huge influence when it comes to dictating government policy, and they do not like those who disclose...
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The Day of the Nationalists
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Socialist Promises
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‘Clash of Civilizations’ or Crisis of Civilization?
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St Louis Fed Promotes Still More Free Money for Banks
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Trump Discusses the Military-Industrial Complex
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Your Bank Might Lock You Out
David Stockman’s Contra Corner
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Another False Positive: Japan’s Q1 GDP Down 1.3% Excluding Import Collapse’s “Add” To GDP
It doesn’t give a very good impression of overall Japanese demand. It’s not even resilience. In GDP accounting, though, negative imports are positive especially as a second derivative where the calculations come from. As a result, the big drop in imports “contributes” 3.4 percentage points to the 2.1 percent annualized gain....
Read more » -
Washington Sends War Armada Into Persian Gulf—Lunatics Like Sen. Graham Call For War On Iran For “Provocations”!
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Trumpian Economics—Backdoor Socialism By Any Other Name
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Europe’s Addiction To The Monetary Heroin of Negative Rates Has Become Actute
-
Why The Donald’s Trade War Is An Attack On Free Market Prosperity And Individual Liberty
-
The Regime Change We Need—Honest Rates At The Fed
-
Washington’s Mugging Of Huawei—A Blindingly Stupid Adventure In Economic Ignorance
Keith Weiner
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China’s Nuclear Option to Sell US Treasurys, Report 19 May
There is a drumbeat pounding on a monetary issue, which is now rising into a crescendo. The issue is: China might sell its holdings of Treasury bonds—well over $1 trillion—and crash the Treasury bond market. Since the interest rate is inverse to the bond price, a crash of the price would be a skyrocket of the rate. The US government would face spiraling costs of servicing its debt, and quickly collapse into bankruptcy. America could follow the...
Read more » -
The Monetary Cause of Lower Prices, Report 12 May
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Nonmonetary Cause of Lower Prices, Report 5 May
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Money Metals Exchange Lease #1 (silver)
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Monetary Metals Leases Silver to Money Metals Exchange
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The Spreads Blow Out, Update 1 May
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Is Keith Weiner an Iconoclast? Report 28 Apr
LewRockwell
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Wikileaks: Ecuador is Being Run By “Criminals & Liars.”
What’s happening with Julian Assange is heart-breaking. He’s a hero, just like Edward Snowden. Government secrets are kept, not to protect ‘national security’ as commonly claimed, but rather to protect political and corporate interests. After all, the United States is evidently run by a small group of corporations. These corporations have a huge influence when it comes to dictating government policy, and they do not like those who disclose...
Read more » -
The Day of the Nationalists
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Socialist Promises
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‘Clash of Civilizations’ or Crisis of Civilization?
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St Louis Fed Promotes Still More Free Money for Banks
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Trump Discusses the Military-Industrial Complex
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Your Bank Might Lock You Out