Keyword: austrian

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  • 'Muslims want to eradicate Christianity' and conquer Europe claims potential next Pope

    09/14/2016 7:41:18 AM PDT · by Eurotwit · 37 replies
    The Express ^ | PUBLISHED: 04:15, Wed, Sep 14, 2016 | UPDATED: 11:29, Wed, Sep 14, 2016 | By ZOIE O'BRIEN
    MUSLIMS want to eradicate Christianity and conquer Europe - the Catholic cardinal tipped to be the next POPE has incredibly claimed. Austrian Cardinal Christoph Schoenborn gave the unexpected warning on Sunday during a special celebration for the Church festival "Holy Name of Mary". According to the Archdiocese of Vienna, the Cardinal said: "Will there be an Islamic conquest of Europe? Many Muslims want that and say: Europe is at its end." He asked God to have mercy on Europe and to show mercy to its people, which he said "are in danger of forfeiting our Christian heritage." Cardinal Schoenborn, who...
  • Austrian Bank On The Edge! Derivatives Is 10 Times The Size Of The Global Economy

    01/28/2015 1:49:24 PM PST · by alexmark1917 · 18 replies
    Last year Austria's largest bank, Erste Bank, sent shudders of Credit Anstalt through the European Banking System. This year it is Austria's 3rd largest bank that is scaring investors senseless. On the heels of the Swiss National Bank's decision to un-peg from the Euro, Raiffeisen Bank's Swiss-Franc-Denominated mortgage worries have resurfaced (along with Russian/Ukraine writedowns) and nowhere is that more evident than the total collapse of the bank's bonds (from over 95c to 65c today). Even after the ECB Q€ (and some apparent intervention to weaken the Swissy) bonds kept free-falling. Perhaps, The Freedom Party's demands for a bailout will...
  • Austrian School Resurgence Reflects Desire for Better Solutions to Economic Malaise

    03/09/2014 8:56:34 AM PDT · by AK_47_7.62x39 · 5 replies
    WealthCycles blog ^ | March 8, 2014 | Staff
    Mar 08 2014 The WealthCycles Staff Once virtually abandoned by the mainstream, many ideas associated with Austrian School economics have been increasingly in the spotlight, and in the public consciousness, in recent years. Some of the attention resulted from the popularity of Congressman Ron Paul, who, particularly during his third presidential run in 2012, captured the attention of the millennials, the last generation born in the 20th century. The appeal of Paul’s anti-establishment economic theories is understandable: raised on expectations of upward mobility instilled in their baby boom parents, today’s young people have emerged into adulthood to face the sad...
  • Stolen European passports on missing plane

    03/08/2014 8:32:29 AM PST · by bryan999 · 47 replies
    <p>MILAN (AP) — Foreign ministry officials in Rome and Vienna confirm that names of two nationals listed on the manifest of the missing Malaysian airlines flight match passports reported stolen in Thailand.</p> <p>Italy's Foreign Ministry said Saturday that an Italian man whose name was listed as being aboard is traveling in Thailand and was not aboard the plane.</p>
  • Austrian mayor: Journalists should be hanged like Jews

    12/06/2013 8:38:07 AM PST · by Dallas59 · 27 replies
    JP ^ | 12/5/2013 | JP
    BERLIN - The mayor of the Austrian town of Gföhl said on Tuesday in city council meeting that journalists who reported on asylum seekers should be hanged like the Jews. The Austrian news outlet Heute.at reported on Wednesday that Gföhl’s mayor Karl Simlinger expressed fury about asylum applicants who would be lodged in a planned complex. “I don’t give a shit about asylum seekers, but the journalists are to be blamed. They should be hanged; they are like the Jews.”
  • Renowned local economist explains controversial Austrian theory (Loyola U.)

    10/25/2013 11:12:59 AM PDT · by Para-Ord.45 · 25 replies
    http://www.nbc33tv.com ^ | October 24, 2013 | David Lippman
    Video at link: A common belief is that conservatives caused the government shutdown, while liberals are the ones who want to legalize marijuana. But both ideas come from the same school of thought, which is much older than the Democratic and Republican parties. It is called Austrian Economics, and one of its leading proponents calls south Louisiana home. Dr. Walter Block holds an endowed chair at Loyola University and is a faculty member of the Mises Institute. He has taught at several universities and written books about controversial economic topics. He was one of many people angry about the recent...
  • Ron Paul launches his own home-school curriculum

    04/08/2013 5:43:40 PM PDT · by Tired of Taxes · 42 replies
    The Daily Caller ^ | 4-8-13 | Patrick Howley
    Former Republican congressman and three-time presidential candidate Ron Paul has launched his own K-12 home-school curriculum to provide an “education in liberty like no other.” The curriculum, which includes courses on “the economics of the Austrian school,” provides its K-5 program for free, meaning that students and families will be able to learn under Ron Paul for six years “without spending a dime,” according to one of the curriculum’s high school teachers, Ludwig von Mises Institute senior fellow Tom Woods. “Here, students learn the basics of Western Civilization and Western liberty — how it was won, how it is being...
  • Where Is the Inflation?

    01/16/2013 10:48:17 AM PST · by arthurus · 58 replies
    16 January 201 ^ | Mark Thornton
    The basic notion that more money, i.e., inflation, causes higher prices, i.e., price inflation, is not a uniquely Austrian view. It is a very old and commonly held view by professional economists and is presented in nearly every textbook that I have examined. This common view is often labeled the quantity theory of money. Only economists with a Mercantilist or Keynesian ideology even challenge this view. However, only Austrians can explain the current dilemma: why hasn't the massive money printing by the central banks of the world resulted in higher prices.
  • If Only D'Souza Were Right (from the Austrian School)

    09/02/2012 10:49:10 PM PDT · by Arec Barrwin · 105 replies
    Ludwig von Mises Institute ^ | September 1, 2012 | Gary North
    If Only D'Souza Were Right Mises Daily: Monday, September 03, 2012 by Gary North by Gary North 2016: Obama's America I went to see 2016: Obama's America. Dinesh D'Souza wrote, stars in, directed, narrates, and did the original research for it. If we look at this from the point of view of its success as a documentary, I think it is effective. It is making money in theaters. This is amazing for a documentary. It is a campaign-year documentary, and it is a good one. It is also dead wrong. That is because it misses the fundamental political fact of...
  • Boiling it down

    07/24/2012 8:14:27 AM PDT · by SeekAndFind · 3 replies
    Coordination Problem ^ | 07/24/2012 | Peter Lewin
    Keynesian (and some Monetarist) versus Austrian views on the business cycle revolve around two basic empirical issues: the nature of capital and production and the nature of the national budget constraint. Concerning capital: Ironically, Keynesians appear to assume a kind of “equilibrium always” story in which productive (human and physical) resources can, at low cost, be simply shifted to and plugged in to the production of whatever product or service happens to be the object of demand stimulus; and, further, that if enough of this is done, income, employment and tax-payments will rise precipitously. In this way economic-policy can produce...
  • The Injustice of Social Justice (and the true nature of rights)

    03/16/2011 7:07:40 PM PDT · by sickoflibs · 34 replies
    Mises Institute ^ | March 16, 2011 | Ben O'Neill
    Every once in a while, something comes along that perfectly encapsulates the idea of so-called "social justice" in action. For all the wonderful critiques that have been written about this wretched concept by its many detractors,[1] none quite match the elegant simplicity of a recent work by some of its advocates. I am referring here to a recent video made for the World Day of Social Justice[2] in which students and teachers complete this sentence: Everyone has the right to _____. The video is a colorful montage of possible completions to this sentence, set to some pleasant easy-listening music. It...
  • The Political Economy of Government Employee Unions (they are the servants, not the masters)

    02/24/2011 6:26:40 PM PST · by sickoflibs · 17 replies
    Mises Institute ^ | February 24, 2011 | Thomas J. DiLorenzo
    The main reason why so many state and local governments are bankrupt, or on the verge of bankruptcy, is the combination of government-run monopolies and government-employee unions. Government-employee unions have vastly more power than do private-sector unions because the entities they work for are typically monopolies. When the employees of a grocery store, for example, go on strike and shut down the store, consumers can simply shop elsewhere, and the grocery-store management is perfectly free to hire replacement workers. In contrast, when a city teachers' or garbage-truck drivers' union goes on strike, there is no school and no garbage collection...
  • Austrian MP Ewald Stadler adresses Turkish Ambassador

    12/06/2010 5:37:34 PM PST · by ventanax5 · 4 replies
    LAST JUNE, Luigi Padovese, the Roman Catholic Archbishop of the Turkish port city of Iskenderun, was murdered in his home by a 26-year-old Muslim who stabbed him eight times in the heart and then severed his head while shouting “Allah is the greatest.” He is one of many priests murdered in Turkey since 2008. Here are words of appropriate outrage from Europe. Austrian MP Ewald Stadler, in a speech addressed to the Turkish ambassador last week, decries the Islamification of the West and the “romance of tolerance and human rights.” “Your devotion to freedom of religion is pure hypocrisy,” Stadler...
  • Austrian Parliment Member Unloads on Islamist Double Talk

    12/04/2010 8:05:32 PM PST · by Nachum · 32 replies
    verum serum ^ | 12/4/10 | John
    Nothing like hearing someone browbeaten in German to get the blood flowing:... I don’t know who this guy is. Maybe he’s part of some fringe party. I think what he says here is entirely defensible though. Islamists here in the US play the same game, demanding treatment their own home governments would never extend to any other religious minority.
  • Spreading Hayek, Spurning Keynes

    08/28/2010 3:18:23 PM PDT · by Palter · 15 replies
    WSJ ^ | 28 Aug 2010 | Kelly Evans
    Professor Leads an Austrian Revival Peter J. Boettke, shuffling around in a maroon velour track suit or faux-leather rubber shoes he calls "dress Crocs," hardly seems like the type to lead a revolution. But the 50-year-old professor of economics at George Mason University in Virginia is emerging as the intellectual standard-bearer for the Austrian school of economics that opposes government intervention in markets and decries federal spending to prop up demand during times of crisis. Mr. Boettke, whose latest research explores people's ability to self-regulate, also is minting a new generation of disciples who are spreading the Austrian approach throughout...
  • When Labor Is Capital: The Limits of Keynesian Policy

    08/07/2010 6:39:45 AM PDT · by milwguy · 33 replies
    aei ^ | 8/6/2010 | Arnold Kling
    The economic mystery of 2010 is the persistence of high unemployment, in spite of stimulus that follows the prescription of the prevailing Keynesian orthodoxy. Here’s an alternative to that orthodoxy. In the United States, the economic mystery of 2010 is the persistence of high unemployment, in spite of the application of the stimulus treatment that follows the prescription of the prevailing Keynesian orthodoxy. I wish to offer an alternative to that orthodoxy. For the followers of John Maynard Keynes, economic activity consists of spending. When economic activity slows down, their prescription is to increase spending by government, businesses, consumers, or...
  • Austrians vs. Keynesians in Today's Economy

    07/17/2010 6:55:53 AM PDT · by SeekAndFind · 10 replies
    MinyanVille ^ | 07/17/2010 | Przemyslaw Radomski
    We live in an era of unparalleled confusion on monetary and economic issues. It’s almost like a shoot-out among the economists in the Old West, except that here you can’t tell the good guys from the bad guys. You read so many conflicting reports, editorials, and newsletters that it’s easy to get befuddled. There are those who say inflation, those who shout deflation. Some say print more money, others say halt the printing presses. There are those who say bail them out, and the others who say let them fail. There are those who say gold is going up to...
  • Is it Time for a Resurgence of the Austrian School of Economics?

    06/19/2010 2:52:00 PM PDT · by nickcarraway · 16 replies · 257+ views
    PBS ^ | Rick Schmid
    Question: Hello Paul! Do you ever plan to present the ideas of economists that adhere to the Austrian School of Economics (Students of Von Hayek or Von Mises)? Their understanding of the nature and causes of the business cyle enabled them to foresee much of what has happened in the last few years. (Peter Schiff and Marc Faber are successful examples.) Thanks for your friendly commentary!Paul Solman: Yes, the resurgence of the Austrian School is worth a look, and was suggested to me by none other than Robert MacNeil a few weeks ago after Rand Paul's victory in Kentucky. Look...
  • Death-Spiral Intercept

    04/15/2010 7:52:00 AM PDT · by Leisler · 17 replies · 494+ views
    Market Ticker ^ | Thursday, April 15. 2010 | Karl Denninger
    ".. you can't fix debt intoxication with another bottle of whiskey. What we're doing now will inevitably lead to another crisis, this one much worse than the last. Burdened with the bad paper they refused to unload, the banks will get into cash flow trouble as their attempt to extract ever-larger amounts of money from everyone else in society to paper over their own insolvency will ultimately fail. The Federal Government will see the market back up rates irrespective of what they try to do, just as Greece has. This will force borrowing costs higher, and ultimately make destruction of...
  • The Return of the Great Depression - a book review.

    10/20/2009 6:34:48 AM PDT · by arkadyka · 419+ views
    Right Condition ^ | 10/20/2009 | me
    Once in a while, a book comes along that shakes so many of your core beliefs that you are left questioning either the integrity of what you have read or your own knowledge. In this particular case, I had the privilege of a sneak peek at The Return of the Great Depression by Vox Day and with most certainly can state, it is the latter. RGD as it shall be referred to from now on, as can be inferred from its title makes a very compelling case as to the state of our economy and where this nation is potentially...