Is the Dollar the Global Reserve Currency Because There Is No Better Alternative?
The Mises Institute is giving away 100,000 copies of Murray Rothbard's, What Has Government Done to Our Money? Get your free copy at https://Mises.org/HAPodFree
Economics researcher Joakim Book joins Bob to discuss his recent article on the dollar's international dominance at the American Institute for Economic Research.
US Sanctions incentivize foreign governments to find alternatives to the dollar, but none have successfully escaped Washington's grip. Joakim argues that alternative payment systems are in the works, but even international banking transactions still use US banking systems. How much longer will the US dollar be the king currency? Why aren't foreign Governments fleeing to BTC and Gold? Bob and Joakim discuss.
Chapters 00:00 Introduction 01:05 Declining Dollar Dominance 06:23 The Roles Dollars Play in International Commerce 08:29 US Sanctions and the Incentives they Create 15:08 Alternative Payment Systems that are being Built 20:29 Why Aren't Governments using Bitcoin? 28:34 Why The US Government Has too much Power 32:04 Should the Average Person Care? 37:35 Conclusion ... https://www.youtube.com/watch?v=uD7ozwiYyJE
Presented at the Mises Institute's 2018 Supporters Summit in Auburn, Alabama. Recorded on September 29, 2018.
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https://www.youtube.com/watch?v=vSuyWq1Ue0I
We have today a hybrid of two forms of banking — loan banking (non-inflationary) and deposit banking (inflationary if not 100% reserve holdings). The cause of booms is the credit expansion by central banks that is not backed by pools of private savings.
The longer the inflation-driven boom continues, the worse the inevitable clearing bust must be. Austrian policy is to leave everything alone to permit all the adjustments needed. Keynesian policy is to keep inflating. Theirs is a crisis of interventionism.
The tenth and final in a series of ten lectures designed to introduce the layman to the basics of applied Austrian economics: "Fundamentals of Economic Analysis: A Causal-Realist Approach".
Recorded at the Mises Institute in Auburn, Alabama, on June 15, 2007.
A great benefit of the internet age is the capacity to accumulate, accelerate, and intensify connections between entrepreneurs, knowledge sources, investors, mentors, collaborators, and service providers. Businesses with a valid value proposition who are in the launch and early expansion phases can interconnect a network of powerful and qualified resources to support their growth. A good way to do so is to utilize a platform (another product of the internet age) designed for the purpose. Tom Malengo established a platform called Brandjectory to serve just this purpose for consumer packaged goods (CPG) startups.
Show notes: https://mises.org/library/tom-malengo-brandjectory-innovative-new-platform-launching-and-growing-entrepreneurial
Brandjectory website: https://brandjectorynow.com
Tom Malengo on LinkedIn: https://Mises.org/E4B_195_LinkedIn
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https://www.youtube.com/watch?v=tAZQCwPMLR4
With the development of the Austrian Business Paradigm and the Austrian Business Model, and tools such as the "Value Learning Process," businesses of all kinds can utilize the deep insights of Austrian economics to further enhance how they facilitate value for their customers.
John Boles — an avid listener of the Economics for Entrepreneurs Podcast — provides an example of how he applies these insights at his accounting firm.
Show notes: https://mises.org/library/how-austrian-your-business-continuous-value-perception-monitoring-one-measure
The five steps of "Continuous Value Perception Monitoring" are described and annotated in our free downloadable graphic process map: Mises.org/E4E_97_PDF
For reference, match this monitoring tool with the customer’s "Value Learning Process": Mises.org/E4E_55_PDF. The two processes are complementary, composing a complete yet never-ending cycle of value.
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https://www.youtube.com/watch?v=4TueWBjMnqM
Recorded live at Mises University on 24 July 2021.
Find Startup Stories: Lessons for Everyday Entrepreneurs at: https://Mises.org/Startup
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https://www.youtube.com/watch?v=68kv6eYYyWM
Human Action Podcast listeners can get a free copy of Murray Rothbard's Anatomy of the State:https://Mises.org/HAPodFree
Daniel Miller, founder and president of the Texas Nationalist Movement, joins Bob to discuss the exciting developments in the push for a referendum on Texas secession. Daniel explains the prospects and then answers common objections to the idea.
Daniel Miller's Website: https://Mises.org/HAP426a
Bob's Pamphlet on Texas Independence: https://Mises.org/HAP426b
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https://www.youtube.com/watch?v=xdC_cnCN-uo
Hans-Hermann Hoppe has shown in his writings on democracy that democracy leads to economic impoverishment and political disaster under certain conditions.
But what are those conditions, and are they dominant in electoral institutions in the United States today? And what role does ideology play in limiting the abuse of the ballot box by voters?
Additional Resources
"Stop Saying 'We're a Republic, Not a Democracy'" by Ryan McMaken: https://Mises.org/RR_38_1
Patrick Newman's 2020 Supporters Summit talk, "The Jacksonians’ Bank War: Liberty versus Power": https://Mises.org/RR_38_2
"Nasty Politics and 'Low-Information Voters' Are Nothing New" by Ryan McMaken: https://Mises.org/RR_38_3
'What Must Be Done' by Hans-Herman Hoppe: https://Mises.org/RR_38_4
And, be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
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https://www.youtube.com/watch?v=3j0MHMpovts
With disunion looming, conservative Republicans and southern unionists sought a compromise that would keep the Union together. John Crittenden proposed a compromise that was too conciliatory for many Republicans, but out of these compromise plans came a proposal for what nearly became the Thirteenth Amendment, which would have protected slavery in the states where it already existed. Abraham Lincoln endorsed the Amendment, and worked behind the scenes to find a compromise that could prevent disunion without rupturing the Republican Party.
Chris Calton recounts the controversial history of the Civil War. This is the third episode in the third season of Historical Controversies.
Historical Controversies is available online at:
https://Mises.org/HCPod
RSS: https://mises.org/itunes/622
iTunes: https://itunes.apple.com/us/podcast/historical-controversies/id1304510096?mt=2
Google Play: https://play.google.com/music/m/I3vmki7pz7jxond4x7qx5dfjv7y?t=Historical_Controversies
Soundcloud: https://soundcloud.com/misesmedia/sets/historical-controversies
Stitcher: https://www.stitcher.com/s?fid=147145
Music: "On the Ground" by Kevin MacLeod (incompetech.com), licensed under Creative Commons: By Attribution 3.0
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https://www.youtube.com/watch?v=Zthw3bfOpKs
In this episode, Mark looks at the far away minor issue of the impact of hyperinflation in Zimbabwe. Even though they have switched from Zim dollars to US dollars, ordinary people are still suffering. Their government and its inflationary monetary policy is manifesting itself in some interesting ways.
Be sure to follow Minor Issues at https://Mises.org/MinorIssues
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https://www.youtube.com/watch?v=7WFzQLKGbko