Browse Blog Posts by Tags - Mises Community Archive

Why Financial Repression Will Fail

Excessive leverage and risk in the financial system, e.g., using customer funds to speculate, never ends well. Stock market crashes, bank and investment firm failures or economic recessions are all potential consequences. Following the failure of the United States to regulate over the counter (OTC) derivatives...

Posted to Hera by Ron Hera on Fri, Nov 16 2012
Filed under: Filed under: Federal reserve, CPI, deflation, inflation, GDP, IMF, Great Depression, CDS, unemployment, debt monetization, too big to fail, International Monetary Fund, Gross Domestic Product, Consumer Price Index, MBS, mortgage backed securities, over the counter derivatives, European Central Bank, ECB, Baltic Dry Index, sovereign default, bank failure, credit default swaps, BDI, monetary policy, OMT, recession, stock market crash, liquidity, QE3, quantitative easing III, systemic collapse, outright monetary transactions, market intervention, stagflation, tax increases, austerity measures, savings, U.S. Treasury, bank credit, stagnation, economic opportunity, Federal Reserve Chairman Ben Bernanke, instability, entrepreneurship, public funds, jobs, financial crisis, operation twist, bond yields, living standards, financial repression, Carmen M. Reinhart, OTC derivatives. Glass-Steagall Act, interest rates, net loss, middle class, consumer incomes, innovation, economic recovery

Financial Crime Is A Systemic Risk

Famed Austrian economist Ludwig von Mises wrote in his seminal work, Human Action (originally published by the Yale University Press in 1949), that “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come...

Posted to Hera by Ron Hera on Tue, Oct 23 2012
Filed under: Filed under: Federal reserve, inflation, BRIC, Gold, IMF, OPEC, CDS, OTC derivatives, unemployment, Ben Bernanke, Brazil, debt monetization, RMB, U.S. dollar, International Monetary Fund, European Central Bank, ECB, Austrian economics, crude oil, LIBOR, mortgage fraud, securities fraud, Baltic Dry Index, sovereign default, state sponsored terrorism, FASB, bank failure, credit default swaps, HFT, BDI, monetary policy, money laundering, debt levels, European Monetary Union, OMT, SDRs, debt downgrade, forclosure fraud, GAAP, Australia, zero percent interest rate policy, collapse, recession, stock market crash, High-Frequency Trading, gross notional amount, Ludwig von Mises, consumers, liquidity, deficit spending, Greece, Italy. unfunded liabilities, United Arab Emirates, Russia, QE3, quantitative easing III, South America, London Interbank Offered Rate, hyperinflation. gross credit exposure, Generally Accepted Accounting Principles, systemic collapse, EMU, SML. Special Drawing Rights, mark-to-market rule, Africa. Sistema de Pagamentos em Moeda Local, renminbi, ZIRP, Japan, ISDA, Human Action, sovereign debt crisis, Spain, ATS, India and China, Financial Accounting Standards Board, over the counter, Automated Trading Systems, International Swaps and Derivatives Association, Iran, South Africa, Europe, depression, financial markets, Portugal, Organization of the Petroleum Exporting Countries, outright monetary transactions, Los Zetas, UAE

How the U.S. Will Become a 3rd World Country (Part 2)

The United States is quickly coming to resemble a post industrial neo-3rd-world country. Unemployment, lack of economic opportunity, falling real wages and household incomes, growing poverty and increasing concentration of wealth are major trends in the U.S. today. Behind these growing problems are monetary...

Posted to Hera by Ron Hera on Sun, Jul 1 2012
Filed under: Filed under: Federal reserve, CPI, GDP, IMF, OTC derivatives, unemployment, federal deficit, federal debt, Banking Act of 1933, income tax, federal employee retirement benefits, True Money Supply, CFMA, Dodd–Frank Wall Street Reform and Consumer Protection Act, federal government, U.S. Military, Supplemental Nutrition Assistance Program, too big to fail, wealthiest 1% of Americans, payroll tax, wars in Afghanistan, The Quiet Coup, carbon tax, Milton Friedman, Emergency Economic Stabilization Act, Allen Greenspan, CFTC, Glass–Steagall. Commodity Futures Modernization Act, SNAP, Simon Johnson, war in Iraq, USA PATRIOT Act, U.S. Department of Health and Human Services, distribution of wealth, U.S. Census Bureau, corporate tax, FYFSD, financial weapons of mass destruction, Medicare, International Monetary Fund, wages, national sales tax, FBI, SEC, value added tax, Bankruptcy Abuse Prevention and Consumer Protection Act, Gross Domestic Product, Consumer Price Index, capital gains tax, Social Security, NFORBRES, VAT, TMS, food stamps, EMRATIO, Securities and Exchange Commission, Commodities Futures Trading Commission, U.S. economy, lobbying, poverty, CPIAUCSL, corruption, GLB, Federal Bureau of Investigation, median household income, Citizens United v. Federal Election Commission, BAPCPA, AHETPI, Gramm–Leach–Bliley Act, bank bailout, unfunded liabilities, U.S. Department of Agriculture, Gini Coefficient

How the U.S. Will Become a 3rd World Country (Part 1)

The United States is increasingly similar to a 3rd world county in several ways and is accelerating towards 3rd world status. Economic data indicate a harsh reality that obviates mainstream political debate. The evidence suggests that, without fundamental reforms, the U.S. will become a post industrial...

Posted to Hera by Ron Hera on Sun, Jul 1 2012
Filed under: Filed under: Federal reserve, CPI, GDP, IMF, OTC derivatives, unemployment, federal deficit, federal debt, Banking Act of 1933, income tax, federal employee retirement benefits, True Money Supply, CFMA, Dodd–Frank Wall Street Reform and Consumer Protection Act, federal government, U.S. Military, Supplemental Nutrition Assistance Program, too big to fail, wealthiest 1% of Americans, payroll tax, wars in Afghanistan, The Quiet Coup, carbon tax, Milton Friedman, Emergency Economic Stabilization Act, Allen Greenspan, CFTC, Glass–Steagall. Commodity Futures Modernization Act, SNAP, Simon Johnson, war in Iraq, USA PATRIOT Act, U.S. Department of Health and Human Services, distribution of wealth, U.S. Census Bureau, corporate tax, FYFSD, financial weapons of mass destruction, Medicare, International Monetary Fund, wages, national sales tax, FBI, SEC, value added tax, Bankruptcy Abuse Prevention and Consumer Protection Act, Gross Domestic Product, Consumer Price Index, capital gains tax, Social Security, NFORBRES, VAT, TMS, food stamps, EMRATIO, Securities and Exchange Commission, Commodities Futures Trading Commission, U.S. economy, lobbying, poverty, CPIAUCSL, corruption, GLB, Federal Bureau of Investigation, median household income, Citizens United v. Federal Election Commission, BAPCPA, AHETPI, Gramm–Leach–Bliley Act, bank bailout, unfunded liabilities, U.S. Department of Agriculture, Gini Coefficient

Interview: Eric Sprott on Gold and QE2

The Hera Research Newsletter ( HRN ) is pleased to present the following exclusive interview with Eric Sprott, Chairman, Chief Executive Officer and Chief Investment Officer of Sprott Asset Management LP and Chairman and CEO of Sprott Money, Ltd. With over 35 years of experience in the investment industry...

Posted to Hera by Ron Hera on Mon, Oct 18 2010
Filed under: Filed under: Federal reserve, US dollar, inflation, GDP, USDX, Gold, US economy, Hyperinflation, Federal Budget, unemployment, silver, FOMC, Treasuries

Labor Economics #3 - The Minimum Wage

Labor Economics #3 - The Minimum Wage by Alex Merced One of the most sancrosanct bastions of Labor laws is the minimum wage, and if you want to go beyond this article in learning about it listen to Roger Garrisons lecture on topic from Mises U 2010 . Essentially what I want to demostrate through a brief...

Posted to AlexMerced by Alex Merced on Sat, Aug 14 2010
Filed under: Filed under: liberty, Unemployment, Austrian Economics, Labor, Wealth Transfer, Minimum Wage

Rent Seeking and the Flight of Capital

The productive elements of the US economy are caught between powerful financial interests, e.g., banks seeking speculative gains, political constituencies seeking entitlements and government entities at all levels whose budgets and deficits are too large compared to their revenues. All three factions...

Posted to Hera by Ron Hera on Mon, Jul 19 2010
Filed under: Filed under: Federal reserve, debt, GDP, Asia, Asian Tigers, China, central bank, Federal Budget, unemployment, Deindustrialization, Bailouts, Capitalism, Corporatism, Trade Deficit, Socialism, Totalitarianism, Offshoring, Outsourcing, Service Economy

Regulating Enterprise

Regulating Enterprise by Alex Merced Time and time again we hear in the news that we need stronger regulation on Oil, Housing, and Banking to prevent all the problems we've seen over the last few years. Today, I'd like to make the argument that the problems with all three of these sectors has...

Posted to AlexMerced by Alex Merced on Wed, Jun 30 2010
Filed under: Filed under: Subsidies, Moral Hazard, Risk, Taxes, Federal Reserve, SIPC, FDIC, Liability, Fannie, Oil, Central Banks, Unemployment, Freddie, Real Estate, Housing, Enterprise

Into the Abyss: The Cycle of Debt Deflation

One of the most famous quotations of Austrian economist Ludwig von Mises is that “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit...

Posted to Hera by Ron Hera on Wed, Jun 2 2010
Filed under: Filed under: US dollar, deflation, debt, inflation, GDP, M3, Hyperinflation, Ponzi scheme, unemployment, mortgage delinquencies and foreclosures, U-6

Saving the Needy or Creating the Needy?

Saving the Needy or Creating the Needy? By Monty Pelerin , posted December 23rd, 2009 http://www.economicnoise.com/2009/12/23/saving-the-needy-or-creating-the-needy/ When a graph like the following develops, one has mixed emotions: On the one hand, there is the obvious sorrow and empathy for the less...

Posted to Monty Pelerin's World by Monty Pelerin on Wed, Dec 23 2009
Filed under: Filed under: welfare, unemployment, food stamps, Ben Franklin

Is 99 weeks of unemployment checks enough? Or should it be extended? If extended, where will the money come from?

How can they extend the benefits when they have no money? Eventually these people getting unemployment are going to have to get off their ass and take a job that they may think is "beneath them".Getting unemployment for 99 weeks is MORE than enough time to find a job, even if it's a crappy...

Posted to mikguiruram by mikguiruram on Wed, Dec 9 2009
Filed under: Filed under: checks, california, welfare, unemployment, employment, jobs, job loss

Economics in a job interview

My month-plus-long search for job stability turned onto the final 100m today. For over the past month I have been seeking a full-time position. Finding nothing, I turned to temporary work at a local staffing agency and easily found temp. work. The work wasn't hard and I made enough to pay for the...

Posted to Apropos Austrian Aphorisms by thedo on Wed, Sep 10 2008
Filed under: Filed under: taxes, john mccain, ludwig von mises, job creation, henry hazlitt, unions, unemployment, minimum wage, capital reinvestment, barack obama