Austrian Knights

     Guillermo Lasso was elected as President of Ecuador in 2021. Since May of that year, Lasso demonstrated difficulties in managing its own political party, networking and lobbying with the National Assembly, and most of all keeping close his alliance with the Partido Social Cristiano’s Leader, Jaime Nebot.      Lasso backed his presidency initial months with a successful Covid-19 vaccination campaign, which was supported mainly by international organizations. But further than that; Lasso’s government is a failure. In an earlier post of this blog, it’s mentioned the following: “ With this in mind and having elections for president in Ecuador in 2024; time is an enemy for Lasso’s presidency. Ecuador’s President needs to increase speed in changes, reforms, and lobbying through a divided Assembly (Congress) to obtain legislation that allows: economic freedom, stronger rule of law, and presenting a positive environment for foreign investment. All these ch...

Michelle Muccio, the Rebel Economist has decided its time to say what we have all been thinking. We don't need a stimulus plan, just give us our taxes back. Watch the video and let me know what you think? If you like, send it to a friend and give us their take. Leave comments on the video, and best of all, let us begin again our economic lessons for President Obama.

On the Austrian Economists blog, Professor Pete Boettke at GMU's Economics Department responds to Obama's outlandish claims during his first Presidential press conference. Boettke is not known for his short blog posts, but a well said rebuttal it is. President Obama, GMU is a short trip on the Metro away. You should make it out to one of Boettke's classes; perhaps you'll learn a thing or two.

"All things are subject to the laws of cause and effect." - Menger This is not philosophy but truth on causation. Physics teaches us that energy is neither created nor destroyed. What do you think free market thinkers speak of when we discuss the market fluctuations? Whenever there is an interference within the market, it will have to react in order to re-stabilize. The more you interfere the more the market will have to fluctuate. What Obama does not understand, is that by the government not interfering within the market the individuals will not have halted. They will still be buying and selling. Their actions will be the cause that effects other's actions. This is how the market fluctuates. I would like someone to explain to me how this is philosophy, or does someone want to take the side of explaining how government action actually means individual citizens actions. We act with or without governments actions. Our actions do not need government involvement for them to a...

Last week, Dan Klein had met with a group of students on a draft of his recent paper. During the discussion he had raised a question that all students with the love for liberty usually ask themselves , "How come I get it? How come all these other people I know get it, but the everyday citizen does not get it?" The "it" being government intervention within our personal lives being more harmful and not as efficient as the market. Those in the room shared his agony with the question and for me coincided with the question, " Why does the battered wife not leave her beating husband? " The solution was simple when I sat around a table with my cousins and my wife and heard a discussion of a guy who felt he owned the world going out with other girls and yet his girlfriend stays by him. When the remark was made that his girlfriend was stupid for staying by him, I heard the words that made me understand why people still don't get "it". " She belie...

Mises and Friedman are in agreement " The consistent liberal is not an anarchist. " To Mises and Friedman it is a rather simple argument: How do you enforce your rules upon society to protect your property, your life, and your liberty without a government? Mises' explained the need for government with ease: "Life in society would be quite impossible if the people who desire its continued existence and who conduct themselves accordingly had to forgo the use of force and compulsion against those who are prepared to undermine society by their behavior. A small number of antisocial individuals, i.e., persons who are not willing or able to make the temporary sacrifices that society demands of them, could make all society impossible. Without the application of compulsion and coercion against the enemies of society, there could not be any life in society. We call the social apparatus of compulsion and coercion that induces people to abide by the rules of life in society, th...