Austrian Economic Blogs
Adam Smith Institute
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But the BBC shouldn’t be competing with Amazon and Netflix
The BBC is gearing up for another raid upon our wallets:The BBC is fighting against American streaming giants with "one hand tied behind its back", Lord Hall will say, as he as he warns of a future of television without British shows.The correct answer is that the BBC can go boil their heads.Outlining the scale of competition, he will reference studies which found Netflix is spending $8bn a year on content, Amazon is spending $5bn,...
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And to think that some want the utilities to be renationalised
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Venezuela Campaign: tragedy of hyperinflation
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It’s fun how the Venezuela explanation has changed, isn’t it?
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Mssrs. Sanders and Varoufakis want to tell us where it all went wrong
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The ASI at Tory Conference: Rebooting Consumer Capitalism, Cannabis and Saving 1 Million Years of Life
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Adult Care: Please don’t complicate things further
LewRockwell
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Real Federalism
Proposals to turn national programs over to the states are abound in Washington. The failure of federal programs over the past 60 years demonstrates that centralized solutions to local problems are ineffective. Federalism—the constitutional distribution of power between the states and national government— is once again on the agenda. Lessons regarding centralization have been learned the hard way. For example, since the 1960s the national...
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Disobedient Hungary
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Peak Trump
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The One Wrong Thing
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Fake Medicine
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Who Owns the State?
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Kavanaugh
Cato Liberty
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If Someone Disputes Racism in the Criminal Justice System, Show Them This
At his Washington Post blog, Cato alumnus Radley Balko has cultivated a running list of data-driven reports that show persistent, measurable, widespread, and common racial disparities in criminal justice enforcement. In police stops, sentencing, pretrial detention, the death penalty, and a host of other areas, enforcement disproportionately affects African Americans and Latinos. For those who study or work in criminal justice for a living, the...
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The Constitution and Parental Rights
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About 1,100 Puerto Rican Deaths from Maria — NOT 2,795 or 4,645
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Subversive Patriotism: A Constitution Day Reminder
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Government Crowd Out in Transportation
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Third Circuit Makes It Harder For Landlords To Exit Section 8
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The Narrow Bank: A Follow-Up
Mauldin Letter
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Chinese Growth Spurt
Economic reality isn’t black and white. At any given time, both good things and bad things are happening. Ignoring one side because it doesn’t fit your preferred outlook is an excellent way to go badly wrong. So it is with China. We hear a lot about that vast country’s problems and challenges. They are very real and could have major consequences... which we will explore soon… but there’s good news, too. We reviewed some of it last week...
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China’s Command Innovation
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The Growing Economic Sandpile
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Revolutionary Future Ahead
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The Good News Economy
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The Maine Surprise Was Time
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The Distribution of Pain, Redux
Max Keiser
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[KR1281] Keiser Report: Manafort Drained From Bipartisan Swamp
In this episode of the Keiser Report, Max and Stacy discuss the opioid billionaire patenting the ‘cure’ for addiction to his products. They also discuss the UK taxman allowing the rich to escape punishment for their financial crimes while the ECB does essentially the same by buying up bonds. In the second half, Max continues his interview with Ken Silverstein of WashingtonBabylon.com about the Neocons behind the Cold War 2.0. They also discuss...
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We’re All Speculators Now
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Silver’s Collapse To Near 10 Year Lows Sees U.S. Mint Sellout of Silver Eagle Coins
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We Are In “Never Never Land” Accounting As U.S. Government Is “Missing” $21 Trillion
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Central Banks Have Gone Rogue, Putting Us All at Risk
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Massive Deficit Spending Greenlights Waste, Fraud, Profiteering and Dysfunction
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Bank Of England Warns Of UK House Price Crash and “Catastrophic” Financial Crisis As Bad As 2008
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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Bonus Quotation of the Day…
… is from page 345 of the 1990 Transaction Publishers reprint of W.H. Hutt‘s 1936 book, Economists and the Public: We must probably wait for a more enlightened age before we can hope for the acceptance of the proposition that in the condition of natural and uncontrived scarcities we have the only conceivable acceptable criterion of distributive justice. DBx: So true. Alas, although 82 years have passed since these above words were first...
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Some Links
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Rival Gang Violence Against Peaceful Traders
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Quotation of the Day…
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Busting Popular Economic Myths
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Mutual Self-Impoverishment is Foolish
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Quotation of the Day…
Robert Murphy
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Your Whole Life Has Prepared You for God’s Purpose
I was watching the movie Paul the Apostle of Christ with my son. It focuses a lot on the anguish Paul felt for his earlier sins, when he persecuted Christians. I pointed out that God used Saul’s sins in order to motivate his zealousness for Christ. Among other aspects, Paul really meant it when he told people, “Jesus’ blood covers all of your transgressions.” Paul knew that from firsthand experience. So Paul’s epistles can break through to...
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Potpourri
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Consulting by RPM || Free Advice Blog 1970-01-01 00:00:00
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Contra Krugman, the Book
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One Man’s Testimony
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Tom Woods Show on the Catholic Church Scandal
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Response to Selgin on Fractional Reserve Banking and the Business Cycle, Part I
Bleeding Hearths Libertarians
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Unicorn Socialism
In his recent defense of socialism, Corey Robin writes: The socialist argument against capitalism isn’t that it makes us poor. It’s that it makes us unfree. When my well-being depends upon your whim, when the basic needs of life compel submission to the market and subjugation at work, we live not in freedom but in domination. Socialists want to end that domination: to establish freedom from rule by the boss, from the need to smile for the sake...
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An economics joke, and consideration of price-gouging
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Puzzles about College
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Hassoun’s Argument for Global Redistribution
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Looking for Daylight: Minarchist Strategy’s Missteps
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The Single-Entry Moral Bookkeeping of Ethical Opposition to “Price Gouging”
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In Defense of Openness: Excerpt
Mises Institute USA
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No, Robots Cannot Replace Us
Automation seems to be a never-ending source of fear-mongering. Judging from the commentary, robots will “replace us” and cause large-scale unemployment. With the entry of artificial intelligence (AI), and robots that make robots, the value of human beings as productive forces in the economy is simply zero. People then become value-less consumers, only “mouths to ...
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Capitalism Makes Us More Humane
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Can Consumer Surveys Tell Us Where the Economy Is Headed?
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What to Do Until Privatization Comes?
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We Still Haven’t Learned the Right Lessons from the 2008 Crash
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The Economists versus The Special Interests
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Republicans Share the Blame for Socialism’s Comeback
Mises institute Canada
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The Difference Between Austrians and Everyone Else — In One Easy Chart
Money, Bank Credit, and Economic Cycles by Jesús Huerta de Soto. For full explanatory notes, see the online version, beginning page 576.] Reprinted from Mises.org From the standpoint of our analysis, it is clear that there are far greater similarities than possible differences between monetarists and Keynesians. Indeed Milton Friedman himself has acknowledged: “We all use the Keynesian language and apparatus. None of us any longer accept the...
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Individuals, Reason, and Action
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Defending the “Gentrifier”
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Understand How Insurance Works Before Debating Health Care Policy
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The Stirring Elocution of Frederick Douglass
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Marx’s View of the Division of Labor
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The Broken Window
David Stockman’s Contra Corner
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Here They Go Again:Thompson-Reuters $17 billion Spin-Off Is 2007 Style LBO
Debt being 7.6 times the size of annual cash flow is high – and very risky for lenders..... Moody’s also laments Refinitiv’s “sub-par organic revenue growth that ranged from -1% to +1%,” while the major competitors “consistently produced higher organic revenue growth in the 5-10% range.” And the company’s “EBITDA margins are below peers, suggesting the absence of pricing power and limited ability to achieve meaningful share gains,” Moody’s...
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Peak Trump! Why The Undrainable Swamp Wins Again, Part 2
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War Vs. Peace: The Battle To Influence What’s Under The Orange Comb-Over
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Peak Trump! Why The Undrainable Swamp Wins Again, Part 1
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The “Bubble In Everything” Threatens $400 Trillion In Assets
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Lehman Was The Event, Not The Cause Of The 2008 Crisis
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Mueller’s Catching The Swamp Creatures, Not The Donald
Peter Schiff
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Inflation Is Eating Up Your Wage Growth
When the August jobs report came out earlier this month, much was made over the “solid” wage growth. Average hourly wages increased by 2.9% on an annualized basis.Peter Schiff raised an important question when the report hit the news cycle. Is this wage growth indicative of a growing economy? Or is it simply a sign of inflation?See, I think it’s the latter. I think it’s inflation that is the reason wages are going up. Remember, wages are...
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The Rotten Underbelly of Today’s “Booming” Economy
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Peter Schiff: A Category Five Economic Hurricane Is on the Horizon
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Gold Could Help Us Find Space Aliens
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Federal Debt Spiral: SchiffGold Friday Gold Wrap 09.14.18
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Fun on Friday: Don’t Buy Gold from These Guys
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Feds Set Monthly Spending Record: The Swamp Is Now Bigger and More Expensive than Ever
Zerohedge
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China Will “Never” Devalue Currency To Boost Exports, Premier Vows
The Chinese yuan rose for a second day after Premier Li Keqiang echoed previous comments from the PBOC when he stressed that China will not weaponize its currency and will not stoop to competitive devaluation of the yuan, hours after China hit back, with a "softer punch" as Reuters put it, than the one landed by the United States in the escalating tariff war between the world’s largest economies. Chinese Premier Li Keqiang Speaking...
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Global Stocks Rally As Asia Shrugs Off Trade War Fears
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Danske Bank CEO Quits As Money Laundering Scandal Swells To $234 Billion
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Transition Time: Volkswagen Announces “Electric For All” Campaign
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Poland’s Duda Floats Major US Base Named “Fort Trump” Alongside Grinning President
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European Court Rules NSA Surveillance Practices Violate Human Rights
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Norway Officials Admit They Knew Nothing About Libya But Joined Regime Change Efforts Anyway
Wolf Street
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Who Bought the $1.47 Trillion of New US National Debt over the Past 12 Months?
China, Japan, other foreign investors, the Fed, US government funds? Nope. Foreign private-sector investors and “foreign official” investors – central banks, governments, etc. – whittled down their holdings of US Treasury Securities by $21 billion at the end of July, compared to a year ago, to $6.25 trillion, according to the Treasury Department’s TIC data released Tuesday afternoon. Over the same period, the US gross national debt – fueled...
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Just How Wildly Exuberant is the Junk-Credit Market?
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As of Sep 21, “Credit Freezes” & “Unfreezes” Will Be Free for All Americans
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How Millennials Are Shifting the Housing Market
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Meanwhile in China, Implosion of Stock-Market Double-Bubble
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Gangs of Oil Thieves Expand Their Business Model
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What Can Cause the Next Mortgage Crisis in the US?
Thomas Woods
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Ep. 1241 The Rotten Assumptions of Our Bipartisan Foreign Policy
Download Audio
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Ep. 1240 Forgotten Lessons from U.S. Economic History
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Ep. 1239 The State Is a Cult, and Other Important Topics
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Ep. 1238 Suicide of the West: Two Views
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Ep. 1237 On the Anniversary of 9/11, Sanity
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Ep. 1236 A Thousand Statist Arguments Smashed
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Ep. 1235 Mises Institute Chairman Lew Rockwell Takes Your Questions
Carpe Diem
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Landmark victory for Institute for Justice, which deserves Nobel Peace Prize for its ongoing legal efforts advancing human rights – Publications – AEI
AEI Landmark victory for Institute for Justice, which deserves Nobel Peace Prize for its ongoing legal efforts advancing human rights From today’s Institute for Justice press release “Institute for Justice Dismantles Philadelphia Forfeiture Machine“: The Institute for Justice (IJ) today announced a major settlement with the city of Philadelphia, ending the city’s draconian civil forfeiture machine. In documents filed with the U.S. District...
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China still has plenty of ammunition to fight back in Trump’s trade war – Publications – AEI
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It’s time to fill out the ‘Fill-in-the-Blank Price Gouging Form’ for Hurricane Florence – Publications – AEI
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John Stossel 2009 video — Milton Friedman and economists say ‘price gougers’ are heroes and deserve medals – Publications – AEI
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Joke of the day on prices and price controls…. – Publications – AEI
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Bonus quotation of the day on trigger warnings for socialist college students…. – Publications – AEI
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Quotation of the day on the embarrassing fragility on college campuses….. – 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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Never Mind the Bollocks, Here’s the Avocado Toast, Report 16 Sep 2018
For about ten bucks a month, Netflix will give you all the movies you can watch, plus tons of TV show series and other programs, such as one-off science documentaries. They don’t offer all movies, merely more than you can watch. Oh, and there are no commercials. They don’t just give you old BBC reruns, which you know they can get for a pittance. Netflix is spending money (well Federal Reserve Notes) producing its own original content. Did we...
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News from Switzerland and Turkey
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Why the Fed Denied the Narrow Bank, Report 9 Sep 2018
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Illicit Arbitrage Cut by Tax Cuts and Jobs Act, Report 3 Sep 2018
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Why Am I Fighting for the Gold Standard?
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Another Gold Bearish Factor, Report 26 August 2018
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In Next Crisis, Gold Won’t Drop Like 2008, Report 19 August 2018
Coordination Problem
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Talking About the Hayek Book
This was waiting for me yesterday when I returned from Michigan State University where I gave my first book talk on F. A. Hayek: Economics, Political Economy and Social Philosophy. I am just starting to give talks, but I have been doing a few podcasts over the last few weeks. Caleb Brown at Cato was my first podcast, but that hasn't been posted yet. Soon I understand. The Economics Detective, The Economic Rockstar, and the Remnant with...
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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
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The Hayek Interviews as a Great Resource
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Constitutional Principles, Political Economy, and The Teaching of Economics
Mercatus Center
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Why the "Stop BEZOS Act" Would Hurt Those It Seeks to Help
Senator Bernie Sanders’ (I-VT) and Representative Ro Khanna’s (D-CA) recently proposed bill, the “Stop BEZOS Act”, is almost certainly well-intentioned, but it won’t have the effect that they intend. The legislation aims to punish companies whose employees benefit from federal social safety net programs by charging them a tax equivalent to the value of the federal program spending used by their employees. But the motivation for the policy—a...
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Potential Benefits and Risks of the Increased Use of Data in Financial Services Applications
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Deep Technologies & Moonshots: Should We Dare to Dream?
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China Is Not America’s Next Great Enemy
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Christine McDaniel on Voice of American Radio, September 17 2018
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As Free Innovation Encounters Health Care Regulation, Think ‘Soft Laws’
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Universal Savings Accounts a Silver Lining in Tax Reform
