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Tag Archives: 6b) Mises.org

Is Migration a Tool of the Consumptive Class?

An unfortunate consequence of increased wealth is the growth of the parasitic consumptive class of political and cultural elites. Labor migrations often follow in the wake of damage that elites do. Original Article: Is Migration a Tool of the Consumptive Class? [embedded content] Tags: Featured,newsletter

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Jim Chanos and Stock Markets

In this week's episode, Mark looks at the implications of famed investor Jim Chanos shutting down his hedge fund which specialized in shorting stocks. The closure comes as stock markets in the US hit all time record highs. Mark frames these two events in light of the Austrian Theory of the Business Cycle.  Be sure to follow Minor Issues at Mises.org/MinorIssues. Get your free copy of Murray Rothbard's Anatomy of the State at Mises.org/IssuesFree. Additional...

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The Fed Is Draining Our Economy Like Farmers Have Drained Their Aquifers

In an October column, Paul Krugman admonished people who are not all in on the Joe Biden economy and declared that we are headed at worst for a “soft landing” in which an economic slowdown—if it happens at all—will be short and shallow. He wrote: The most important reason for optimism is that an ever-widening range of indicators suggests that the conventional wisdom—that we needed a recession to bring inflation under control—was wrong. Instead, we seem close to...

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Overcoming Chinese Communist GDP Myths

In March, at the National People’s Congress, Beijing set its annual gross domestic product (GDP) growth target. Since 1985, in every year but one, China has met or exceeded its official projections, raising doubts about whether or not Beijing’s claims of rapid growth can be believed. The New York Federal Reserve issued a report in 2020 that challenged the numbers, saying that China’s GDP growth chart was too smooth for the data to be authentic. Typical of a communist...

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Fed Rate Cuts Will Not Save The Economy

Market implied Fed Funds rate discount a string of cuts starting in January 2024 and culminating in a 4.492 percent in January 2025. These expectations are based on the perception that the Federal Reserve will achieve a soft landing and that inflation will drop rapidly. However, market participants who assume rate cuts will be bullish may be taking too much risk for the wrong reasons. The messages from the Federal Reserve contradict the previously mentioned...

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Seven Reasons to Abandon the Public Health System

Despite the numerous permanent problems faced by public healthcare systems, a significant number of people (such as citizens, politicians, and doctors) still seem to deem them necessary and believe that the problems associated with them can be solved by, for example, better management, increased expenditure, or central planning. Therefore, in this essay, the main arguments in favor of a gradual departure from public systems will be presented alongside the benefits of...

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Bourne Again

In his new book Only a Voice: Essays (Verso, 2023), the critic and essayist George Scialabba brings to our attention the wisdom of two authors who analyzed the dangers of war: Randolph Bourne and Dwight Macdonald. In this week’s column, I’d like to discuss what Scialabba says about them. Bourne will be a familiar name to many readers owing to Murray Rothbard’s praise of him, but he was not a libertarian. Like John Dewey, he was a Progressive and a pragmatist who...

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Co-Creator Explains Javier Milei’s Plan to Abolish the Central Bank

Nicolás Cachanosky was a co-author on the dollarization proposal for Argentina that Javier Milei publicly endorsed. Nicolás explains to Bob the outlines of the proposal, which involves replacing pesos with USD for bank deposits, currency in circulation, and central bank liabilities. How to Dollarize Argentina: Mises.org/HAP423a Rear More from Nicolás: Mises.org/HAP423b The Human Action Podcast Episode with Peter Lewin: Mises.org/HAP423c Co-Creator...

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