Ludwig von Mises

Tyler Durden's picture

"The Bucks Stop Here": Why Keynesian Economics Will Get Blamed For The Crash





For as long as the present economic system lumbers along, Keynesians will control the levers of power and influence. But when at last the system goes down in a heap, and central banks cannot restore the system, there will be a quest for answers. When you live by the Federal Reserve, you die by the Federal Reserve.

 
Tyler Durden's picture

An "Austrian" Economist's Advice For Greece & The EU





Greece’s and the European Union’s economic and political crisis will not be resolved through a new debt deal between the government in Athens and the European authorities. It will be merely one more stop-gag “solution” to a problem whose nature is endemic to the current ideology and politics of State-Power and collectivism. Its real solution requires something deeper and more comprehensive: a revival of the classical liberal ideal of individualism and the economics of free market capitalism. This, unfortunately, is not likely to occur any time soon.

 
Tyler Durden's picture

Donald Trump: A False Flag Candidate?





Trump has been playing the media with his supposed presidential ambitions for years, but it was clear then that it was just The Donald doing what he does best – promoting himself. And so the question jumps out at us: Why now? Although we have no concrete proof of the theory, there’s plenty of circumstantial evidence. His ties to the Clintons, his past pronouncements which are in such blatant contradiction to his current fulminations, and the cries of joy from the Clintonian gallery and the media (or do I repeat myself) all point to a single conclusion: the Trump campaign is a Democratic wrecking operation aimed straight at the GOP’s base. Donald Trump is a false-flag candidate.

 
Tyler Durden's picture

Greece Illustrates 150 Years Of Socialist Failure In Europe





We see the result of 150 years of European socialism playing out in grand style in Greece today. The producing countries are beginning to realize that they have been robbed by the EU’s socialist guarantee that no nation will be allowed to default on its bonds. Greece merely accepted this guarantee at face value and spent itself into national bankruptcy. Other EU nations are not far behind. It’s time to give free market capitalism and sound money a chance: it’s worked every time it’s been tried.

 
Tyler Durden's picture

No End In Sight For Higher-Education Malinvestment





"A true bubble is when something is overvalued and intensely believed. Education may be the only thing people still believe in in the United States. To question education is really dangerous. It is the absolute taboo. It’s like telling the world there’s no Santa Claus."

 
Tyler Durden's picture

Keynes, The Great Depression And The Coming Great Default





Ideas Have Consequences... In Nazi Germany and Fascist Italy, in Great Britain, in Japan, and in the United States, there was a shift of opinion away from the free market in favor of government economic planning. The supreme mark of this transformation was the acceptance of John Maynard Keynes' unreadable book, The General Theory of Employment, Interest, and Money, which was published in 1936. A new generation of younger economists adopted this book and its outlook, which prevails today. The fascist economic idea of an alliance between government and business became almost universally accepted.

 
Tyler Durden's picture

Alexis Tsipras' Open Letter To The Germans: "Duty Rests On All Our Shoulders"





As so often, Mr. Tsipras makes a number of fair points. However, it seems to us that everybody is skirting the main issues. Greece cannot become a “socialist Utopia”, unless its citizens are happy with being condemned to a hand-to-mouth existence for a long, long time indeed. Whether or not Greece defaults, the one thing the government will be unable to fund is the very socialism that is its basic ideology.

 
Tyler Durden's picture

The Logic Of Interventionism (Or How To Wake Up In A Prison)





The mainstream media is still full of articles about the alleged evils of cash, which we regard as a typical “trial balloon” launched by the powers-that-be. A salami tactic is therefore employed, not least because this ensures that there will be little protest. A new law or regulation may not be seen as overly onerous in isolation. The average citizen may well think – if he or she is even aware of the adoption of a new law: “Oh well, it is a bit creepy” or “it does make life a bit more difficult”, but “if it helps to keep us safer/more prosperous/more free/saves the planet, I can put up with it”. And so one freedom after another is taken away. If pursued to its logical conclusion, no freedom will be left in the end.

 
Tyler Durden's picture

Another Fed "Insider" Quits, Tells The Truth





"The Fed is allowing the [market] tail to wag the [monetary policy] dog... The Fed's credibility itself is at stake... they have backed themselves into a very tight corner... the tightest ever... The hope today is that the current era of easy monetary policy will have no deep economic ramifications. Such thinking, though, may prove to be naive... All retirees’ security is thus at risk when the massive overvaluation in fixed income and equity markets eventually rights itself."

 
Eugen Bohm-Bawerk's picture

Why the Fed will change its exit strategy…again





What happens if the Fed actually stop reinvesting TSY holdings after they reach lift-off? Net supply will on the private market will increase accordingly and market volatility will force the FOMC to reassess their fleeting exit strategy...again

 
Tyler Durden's picture

Ron Paul: The Case For Truly 'Free' Trade





With recent DC politicking on both the Export-Import Bank and the Trans-Pacific Partnership, we revisit Ron Paul's 1981 essay "The Case for Free Trade" which explains the basics of truly free trade... "Although we think of ourselves as a free-trading nation, it takes more than 700 pages just to list all the tariffs on imported goods, and another 400 to inventory all the non-tariff restraints, such as quotas and "orderly marketing agreements..."

 
Tyler Durden's picture

7 Habits Of Highly Effective Libertarians





What does it mean to be an effective advocate of liberty?

 
Tyler Durden's picture

The Crowning Glory Of Keynesianism





Many have forecast the creation of a new monetary system by which governments and banks gain total control over all monetary transactions. On the surface of it, this may seem an impossible goal, as it would be so all-encompassing and would eliminate economic freedom entirely. Surely, it would not be tolerated. However, we believe that it’s not only relatively easy to create, but it will be sold in such a way that the public will see it as an absolute panacea to their economic woes. Only those who are far-sighted will understand its level of destruction in advance of its implementation.

 
Tyler Durden's picture

Will the New Banking Proposals In Iceland Save It From Economic Instability?





The central bank-controlled 100% reserve system of sovereign money will indeed mitigate much of the fluctuations associated with modern day fractional-reserve banking. However, it is not a panacea against systemic distortions of economy. Centralizing any power, especially one as important as the creation of money, will inevitably lead to cronyism. And while perhaps less likely to occur than under the current system, there still will exist a risk government manipulation of credit markets which will lead to the business cycle.

 
Tyler Durden's picture

Is Inequality A Bad Thing?





Whether today’s most feted “intellectual leaders” and policy makers are correctly diagnosing problems or misdiagnosing them, their proposals are never anything but viciously statist to paraphrase Hans-Hermann Hoppe. They seemingly don’t realize that economic freedom is the sine qua non for personal freedom. One simply cannot have the latter without the former. None of them seem to believe that people can be trusted to be in charge of their own affairs. The debate over the “inequality problem” is an excellent case in point. It isn’t as if the knowledge required to understand the problem weren’t readily available. However, most of these people were educated in statist institutions, and have rarely been exposed to any non-statist ideological viewpoints. The possibilities offered by solutions that do not involve the State in every nook and cranny of the economy and our daily lives don’t even occur to them. And of course, the best social engineering plans are always their personal ones.

 
Syndicate content
Do NOT follow this link or you will be banned from the site!