Dallas Fed. President Fisher Points to the Feds Real Problem in Speech at University of Texas.

Posted November 9, 2012 by austrianaddict
Categories: Econ. 201, Government and Politics
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English: Cover of 2010 edition of What Has Gov...

Remember our discussion about Human Action in a previous post, Mises’ “Human Action” Explains Lies About Libya. Use the lens of “Human Action” to analyze the actions of the Federal Reserve. These are quotes from a speech in late September by Richard Fisher Dallas Fed President, excerpted from an article from Fox Business.

“We’ve never been here before so none of us know how we’re going to navigate out of this particular quadrant of the liquidity pool in this ocean of money. And what I’m concerned about is that we may be painting ourselves into a corner,” he said.

“We’ve done a lot … It’s not clear to me despite our theoretical ability to understand the tools very well, in practice, how we are going to get out of this. Read more here, Fed’s Fisher:” Were drowning in unemployment”

These are the kinds of admissions which result in finding a horse head in your bed. You are not supposed to speak this honestly even when trying to hide the truth in coded language. Read the rest of this post »

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Thomas Sowell Used To Be A Marxist?

Posted November 8, 2012 by austrianaddict
Categories: Government and Politics
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Thomas Sowell talks about bureaucracies having no desire to solve a problem, because the existence of the problem is more important for their survival. Finding a solution that ends the problem also ends any need for the bureaucracy. Bureaucrats and Politicians don’t turn in their pitch fork and horns for a halo and wings when they get appointed or elected. Their greed for money is exchanged for a greed for power.

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What Does Tuesday’s Election Mean?

Posted November 5, 2012 by austrianaddict
Categories: Government and Politics
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Cover of "Retained by the People: The &qu...

Cover via Amazon

Our Constitutional Republic was brought into existence for one reason and one reason only, to protect the individual from coercion and dominance by other individuals, by foreign countries, but mainly from the coercion and dominance by the very  Government the Constitution created. The constitution clearly defines the powers of Government, protects the rights of individuals, and sets up a process by which the people can give the Government more power or take power away. Read the rest of this post »

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Marine Cpl. Nick Kimmel, Triple Amputee, Throws Out First Pitch At This Years World Series.

Posted November 4, 2012 by austrianaddict
Categories: Hall of Fame, Miscellaneous
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                                                        SEMPER FI

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Hurricane Sandy and the Broken Window Fallacy.

Posted November 2, 2012 by austrianaddict
Categories: Econ. 101
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The economic ignorance of “experts” is demonstrated in the aftermath of Hurricane Sandy. The fallacy that it will be good for the economy because it will create jobs, is trotted out every time a natural disaster hits. The economy as a whole is less wealthy because of a disaster, because everything that is destroyed has to be replaced just to get back to even par.Scarce resources, capital, labor, and time that could have been used for new production, has to be used to rebuild or replace what was destroyed. How long will it take for a country like Japan to get back to where they were before the tsunami hit? We have to reteach the broken window fallacy every time a natural disaster hits.

Go to the Broken Window Reader by Daniel J. Sanchez at Mises.org for more videos and articles. Then read this in-depth analysis, The Broken-Window Fallacy by Robert P. Murphy also on Mises.org.

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SOFREP.com’s Brandon Webb Talks About The Heroes In Benghazi.

Posted November 1, 2012 by austrianaddict
Categories: Government and Politics
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Brandon Webb most recent post on SOFREP.com, What Went Right In Benghazi, Libya: A Story Of American Heroism, tells of the heroism of SEALS Glen Doherty and Ty Woods. This is what we should be talking about instead of a political coverup.

Read this commentary about Benghazi by former SEAL Pete Sobell in an article on The Blaze titled, Benghazi: What Really Maters.

Read about Army Ranger Sgt. Craig Warfle’s heroism in Afghanistan August 18 2010 in this article, Ranger Awarded Distinguished Service Cross, also on SOFREP.com.    navy seal trident insignia, Special operators navy seals

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13 Year Old, Carly Rose Sonenclar, Belts It Out In Her Amazing X Factor Audition.

Posted October 31, 2012 by austrianaddict
Categories: Hall of Fame, Miscellaneous
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I like to watch talented people perform at their chosen craft. Let’s take a break from what we normally cover and just enjoy listening to real talent. I saw this video on Economic Policy Journal and was blown away by the talent and poise of this thirteen year old. I had never heard of The X Factor before, now I’ll have to watch to see Carly Rose Sonenclar perform. The judge’s reactions say it all.

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Walter E. Williams. “Are We Moving Toward More Personal Liberty or More Government Control Over Our Lives”

Posted October 30, 2012 by austrianaddict
Categories: Government and Politics
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One of the great defenders of individual liberty, Walter E. Williams, talks about our final destination if we keep going down this road.

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Charles Woods, Father of SEAL Ty Woods Killed in Lybia, Interviewed By Megyn Kelly.

Posted October 26, 2012 by austrianaddict
Categories: Government and Politics
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Here are a few excerpts from an interview with Charles Woods whose son Ty was killed in Bengahzi while trying to save others. Read more and watch the interview at the url below.

Woods said he forgives whoever denied the apparent request, but he urged them to “stand up.” Sources also said Tyrone Woods and others, who were at the CIA annex about a mile from the U.S. consulate, ignored orders by their superiors to stand down and not go to the consulate to help. Woods went to the consulate, and hours later he was killed back at the annex.

Charles Woods said his son’s action “does not surprise me.” “I wish that the leadership in the White House had the same level of moral courage and heroism that my son displayed“.

Read more: http://www.foxnews.com/politics/2012/10/26/father-seal-killed-in-libya-says-clinton-vowed-to-arrest-and-prosecute/?intcmp=trending#ixzz2ARAbXpMm

Go to my previous post Mises’ “Human Action” Explains The Lies About Libya, for more articles from SOFREP.com.

Read October 31, 2012 article, Mind-Melting Breakdown of the Bengahzi Attack Build-Up at SOFREP.com.

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Mises’ “Human Action” Explains Lies About Libya.

Posted October 25, 2012 by austrianaddict
Categories: Econ. 201, Government and Politics, Hall of Fame
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Navy Special Warfare Trident Insignia worn by ...

The way last month’s attack in Libya, resulting in the deaths of Ambassador Stevens and three other Americans including two former SEALs,  has been used by politicians and the media is why I loathe politics. I linked to articles on SOFREP.com which were written one day after the attack which said this was a “planned and coordinated para-military attack”. They are in a post from this site on September 14. As I stated in that post SOFREP  stands for Special Operations Forces Situational Report and is run by former SEAL Brandon Webb. One of the contributors was former SEAL Glen Doherty who was killed in the Benghazi attack read more here. This site has insight and information about military operations, rules of engagement, foreign policy, and much more. It should be the first place you go to get the unvarnished truth. Their allegiance is to their brothers in the military, not to any politicians. Read October 31 2012 post Mind-Melting Breakdown of the Benghazei Attack Build Up.

Here is how “Human Action” by Ludwig von Mises helps us analyze the Libyan situation. Human action is purposeful behavior. Action is not simply verbal preference, it is the individual choosing and acting to reach a particular end. Action is a tangible thing and cannot be confused with wishes or hopes or after the fact quarterbacking. Men act to substitute what they think will be a more satisfactory state of affairs for a less satisfactory state. We wouldn’t want to change our existing state of affairs if we didn’t think the result would be better. Our action reveals the correctness of our thinking. When a baseball manager makes a decision during a game Read the rest of this post »

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