Austrian Institute
@AustrianEn
Austrian Institute of Economics and Social Philosophy / English Account - a private, non-profit organization https://www.facebook.com/Austrian.Institute.en/
It's finally here: Peter Boettke's lecture, hosted by the Austrian Institute. "Capitalism, Socialism, and Our Future" @PeterBoettke youtu.be/NA0ul4UGy6U
Now if only I can get @Noahpinion to reconsider his opinions on the New Deal and recovery from the Great Depression! FWIW, Noah, I wrote _False Dawn_ partly with you in mind.
Free-market policies aren't always good, and they certainly aren't a cure-all. But as Milei is showing in Argentina, we've underrated their importance. noahpinion.blog/p/free-market-…
Probably the best 41-minute summary available of the US fiscal outlook.
🏛️ Monetarium 2 👤 @RominaBoccia 🎙️ Escaping the Debt Doom Loop and Dollar Crash ▶️ Full video $30T in debt took 250 years to accumulate. The next $25T took only 10. (!!) Why Congress can’t fix it, what a debt crisis looks like, and a look into the potential escape routes ↓
This is really great. @kvallier The Fusionist Manifesto | Acton Institute acton.org/religion-liber…
Let’s goooo
Season 2 of @whypostlibfail is finally here: youtu.be/C5RKTnm_9qo?fe…
Capitalism has made people so small minded and selfish.
Capitalism has made people so small minded and selfish.
A year ago, my @AIER paper "A Free, Prosperous, and Secure America" was published. I sought to show how trade liberalization bolsters rather than undermines US national security. That point is more relevant for our #trade debate than ever. Read more:⬇️ aier.org/article/a-free…
Too few understand that making a profit is pro-social, not anti-social
Counterpoint:
Poverty wouldn’t exist if resources were shared. Capitalism creates poverty.
Economic growth also benefits countries that don’t experience it. Thanks to the innovation that occurred in wealthy and free societies, life expectancy in the DRC increased by nearly 20 years between 1960 and 2021, even as its income per capita fell substantially.
Javier Milei cites Hayek’s “The Road to Serfdom”
The irony of this tweet is that all the so-called “free banks” of the antebellum U.S., including the wildcats, had back their notes with securities approved by gov’t authorities, and that depreciation of those very securities was the main cause of U.S. “free bank” failures. 1/2
molly white can't stop lying, example #472 the GENIUS act requires issuers to back their stables with t-bills and other excessively safe instruments. it's not "wildcat banking", it's nowhere close to that i wonder who is paying her
There's a real world experiment with MMT-based "greedflation" theory and Kamala Harris-style price controls playing out in Hungary right now. And it's going terribly.
I missed the “unicorns and fairies will pay the taxes” part of Econ 101.
National Economic Council Director Kevin Hassett: "Tariff revenue over the next ten years — which will help reduce the deficit and secure our entitlement programs — it's $3 trillion, and consumers haven't seen that" in prices.
Hayek says he was a socialist—until he studied economics
When anyone calls for "ending the Fed, they need to explain (1) what system they see taking over; (2) whether they think the change a) will occur just by repealing the FRA, or b) only with the help of other steps; (3) if a), how; if b), what steps? zerohedge.com/economics/abol…
Incredible. Javier Milei's approval rating is highest among Argentinians 16 to 24 years old. (16 is the voting age there)
Aprobación del presidente Milei por edad: 16-24: 🟢 Apruebo: 52,3% 🔴 Desapruebo: 41,8% ⚪️ No sé: 5,9% 25-34: 🟢 Apruebo: 42% 🔴 Desapruebo: 49,1% ⚪️ No sé: 8,9% 35-44: 🟢 Apruebo: 38,3% 🔴 Desapruebo: 42,1% ⚪️ No sé: 19,5% 45-59: 🟢 Apruebo: 42,9% 🔴 Desapruebo: 45,3% ⚪️…
"You have to be too stupid to be a spell checker at an M&M factory to think that's a great idea." @JonahDispatch calls out post-liberals who want to abandon the Constitution.