Tag Archives: 6b) Austrian Economics

The coronavirus has dominated all of our lives in recent months. Radical paths were taken by politicians in the form of lockdowns to contain the pandemic. But we should recognize that even if the coronavirus is a (major) challenge for us, we always have to keep a holistic view of world events. Just as there are epidemiological factors to consider in this crisis, there are also economic, social, cultural, political and other health factors at play. It is...

The severest crisis the European Central Bank (ECB) ever faced coincided with the early days of a new Executive Board. Over the past year and a half, the board’s six members, including the ECB’s president and vice president, have all been replaced, either because they resigned, or because their eight-year mandate expired. New team By order of appointment, the new board consists of: Luis de Guindos, who replaced Vitor Constancio as vice president in June 2018...

The idea of socialism is still alive and well in 2021. Looking at the progressives on the fringes of the Democratic Party – the likes of Bernie Sanders and Elizabeth Warren, one might think they are the real culprits keeping the idea alive. Yet, just looking at the 2020 Democratic Party presidential debates, we can see just how alive socialism truly is. Almost all candidates promised ‘free’ stuff and demanded centrally planned solutions to practically all...

The Covid-19 pandemic has disrupted transportation worldwide, sending shockwaves across supply chains, lowering demand and reducing revenue. Shipping and aviation especially experienced a steep financial decline. Companies have had to operate at limited capacity and growth prospects have dropped sharply. According to the World Trade Organization, global maritime trade volumes declined by approximately 10 percent in 2020. The International Civil Aviation...

by Daniel Mitchell While I freely self-identify as a libertarian, I don’t think of myself as a philosophical ideologue. Instead, I’m someone who likes digging into data to determine the impact of government policy. US Consumer Goods and Services, Wages Price Change, 2000 - 2020 - Click to enlarge And because I’ve repeatedly noticed that more government almost always leads to worse outcomes, I’ve become a practical ideologue. In other words,...

. The coronavirus has dominated all of our lives in recent months. Radical paths were taken by politicians in the form of lockdowns to contain the pandemic. But we should recognize that even if the coronavirus is a (major) challenge for us, we always have to keep a holistic view of world events. Just as there are epidemiological factors to consider in this crisis, there are also economic, social, cultural, political and other health factors at play. It is...

The coronavirus has dominated all of our lives in recent months. Radical paths were taken by politicians in the form of lockdowns to contain the pandemic. But we should recognize that even if the coronavirus is a (major) challenge for us, we always have to keep a holistic view of world events. Just as there are epidemiological factors to consider in this crisis, there are also economic, social, cultural, political and other health factors at play. It is...

The Stress of Losing Billions Up until the WallStreetBets crowd short squeezed Melvin Capital for a $7 billion loss, Robinhood had it made. But losing billions is stressful. And when your product blows up your customer the clucking that follows comes hot and heavy. A surprise revival of business at Game-Stop… [PT] One of the sweetest displays in the world, we’ve been told, is the bursts of digital confetti that shower down Robinhood’s investment app to celebrate the...

The coronavirus has dominated all of our lives in recent months. Radical paths were taken by politicians in the form of lockdowns to contain the pandemic. But we should recognize that even if the coronavirus is a (major) challenge for us, we always have to keep a holistic view of world events. Just as there are epidemiological factors to consider in this crisis, there are also economic, social, cultural, political and other health factors at play. It is...

As many countries face their second or even third lockdowns (Germany, Austria, Israel), others (Switzerland, the United States) have done what they can to escape such repetitions. Much of the discussion about this drastic move involves its costs. As Covid-19 became pandemic in early 2020, most countries opted for a similar set of measures. They implemented social distancing, slowed down the traffic of people in public spaces and eventually put a stop to large...