Current Events

Re: Austrianism in the Mainstream [Running Thread]

RobinHood — Thu, 16 Aug 2012 06:34:35 GMT

AE gets a mention in The Onion:

http://www.theonion.com/articles/nations-economists-quietly-evacuating-their-famili,29119/

Re: Austrianism in the Mainstream [Running Thread]

shackleford — Mon, 16 Jul 2012 00:20:50 GMT

Good video by Tom Woods.

Re: Austrianism in the Mainstream [Running Thread]

John James — Sun, 15 Jul 2012 14:15:29 GMT

Tom seems to have taken on Frum too...

My Latest Video: David Frum Hearts the Fed, Hates Mises

Frum is appalled that people might be growing more interested in the Misesian explanation for the Great Depression than in Milton Friedman’s (in which the Fed’s problem was that it did not inflate enough). Here’s my video reply, and click here for the resource page I assembled to accompany the video.

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Re: Austrianism in the Mainstream [Running Thread]

John James — Sat, 14 Jul 2012 21:21:29 GMT

Bloomberg AND CNN...

Josh Barro’s and David Frum’s Pathetic Attack on Austrian Economics

h/t EPJ

Re: Austrianism in the Mainstream [Running Thread]

John James — Thu, 28 Jun 2012 01:01:59 GMT

Why Does the World Go to Hell in September?

From Economist:

There may be something of a Austrian school of economics explanation for this.

Austrian business cycle theory holds that the boom-bust business cycle is the result of central bankers printing money and distorting the consumption-savings ratio in favor of savings and the bust occurs when the printing stops and the economy adjusts itself back in favor of a more consumer leaning consumption-savings ratio, which sees more money head into the consumption sector.

Re: Austrianism in the Mainstream [Running Thread]

John James — Thu, 10 May 2012 04:57:11 GMT

3:28 - Kudlow: Have you spoken to Mitt Romney, particularly about your goals of sound money and the Austrian free market model?

6:42 - Paul: "...in Europe and what's going on right now, and of course we in the Austrian School believe it has a lot to do with central economic planning"

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Re: Austrianism in the Mainstream [Running Thread]

John James — Tue, 01 May 2012 20:59:18 GMT

Here's an interesting one you don't see every day...

From Business Insider:

Having watched investors rise and fall over the past several years, we have some advice for anyone in the money management game: Trade Keynesian but speak Austrian.

What does he mean by this? He goes on:

You see, successful money management involves two things: Making money through good investments is part of it. But before you can make it, you actually have to go out and raise it.How do you raise it? Well there are all kinds of ways, but in the money management business, one popular way to do it is to tell a story. And one of the best stories to tell is the Austrian story that goes something like this....

The government is full of idiots. They confiscate your money and spend it on their crony, corrupt projects. They're ruining your kids future by making you go broke, and they try to stave off this day of reckoning by inflating bubbles and debasing the currency...That's one popular way to raise money: By speaking Austrian.

Re: Austrianism in the Mainstream [Running Thread]

John James — Tue, 01 May 2012 20:24:01 GMT

Bob English of EPJ and ZeroHedge Explains Austrian Business Cycle Theory to RT

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Re: Austrianism in the Mainstream [Running Thread]

John James — Mon, 30 Apr 2012 01:07:11 GMT

3:08 - Tim Carney: "Even if you don't agreee with Ron Paul's sort of Austrian economics and the gold standard, you can at least learn we need to pay more attention to what the Federal Reserve is doing."

And again at 3:55 - "I think I understand Austrian economics better [than you guys], so..."

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Re: Austrianism in the Mainstream [Running Thread]

John James — Sun, 22 Apr 2012 08:09:41 GMT

Been a while since we had one of these, so I guess it's fitting this is an old one, but I just came across it...

L.A. Times via (Reason blog):

Ron Paul's ideas no longer fringe

With the economy still struggling, the lawmaker's libertarian views are getting serious attention.

January 02, 2010 | By Don Lee

[...] In particular, Paul is a disciple of Ludwig von Mises, an Austrian theorist born at the end of the 19th century who contended that government intervention in an economy would fail because free markets were better at allocating resources and fueling growth. [...] Mises' ideas became central to what is known as the Austrian School of economics, which emphasized tight controls on credit and money supply, a strategy that discouraged financial ups and downs but tended to slow growth.

Re: Austrianism in the Mainstream [Running Thread]

Heather — Fri, 06 Jan 2012 19:53:39 GMT

lol!

http://www.thedailyshow.com/full-episodes/wed-january-4-2012-elizabeth-dowling-taylor

Go to 5:20

Re: Austrianism in the Mainstream [Running Thread]

John James — Thu, 05 Jan 2012 19:23:00 GMT

Why did you start the link so late in the video? Kudlow begins the interview with a whole discussion about Austrian economics!

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Re: Austrianism in the Mainstream [Running Thread]

Wheylous — Thu, 05 Jan 2012 02:26:35 GMT

http://www.youtube.com/watch?feature=player_embedded&v=xyJYGNCktNo#t=4m22

He mentions Mises, Hayek, AND Rothbard!!!

Re: Austrianism in the Mainstream [Running Thread]

John James — Tue, 20 Dec 2011 12:21:45 GMT

Wall Street Journal:

"China is a poster child for the Austrian school of economics' theory of the business cycle. After undertaking the biggest stimulus program the world has ever seen in response to the global financial crisis, the country is drowning in unproductive investments financed with credit."

(again, ht EPJ)

Re: Austrianism in the Mainstream [Running Thread]

John James — Mon, 19 Dec 2011 14:43:40 GMT

You are all wrong, printing money can halt Europe's crisis

By Ambrose Evans-Pritchard Last updated: December 1st, 2011

This will enrage many readers — especially the "Austrian" internet vigilantes — but I have to say it.

(ht EPJ)