The Austrian Circle

https://24b9eb400710dac81e8d-597f4ed4ea6895a41e2bd2978eb66730.ssl.cf5.rackcdn.com/austriancircle/Austrian_Circle_0030.mp3 Regulations seem to be the answer to “keep business in check”. But does it actually achieve that goal? Do we only think that we can control people’s behavior by law, when the actual result is the overall corporate abuse that we tried to limit or eliminate through regulation in the first place?

https://24b9eb400710dac81e8d-597f4ed4ea6895a41e2bd2978eb66730.ssl.cf5.rackcdn.com/austriancircle/Austrian_Circle_0029.mp3 Presidents generally blame their lack of control over other people’s lives as THE problem. They constantly seek more and more control and authority over the affairs of people all over the entire world, while their interventions are what causes the very problems they claim now require more intervention! Here, we review the three major […]

https://24b9eb400710dac81e8d-597f4ed4ea6895a41e2bd2978eb66730.ssl.cf5.rackcdn.com/austriancircle/Austrian_Circle_0028.mp3 Being able to stay home with children is the result of capitalism and the resulting economic prosperity that inevitably occurs. Labor saving devices and capital accumulation gave families the surplus wealth to keep most of their family at home or at school. Human history is the sad story of parents and children having to […]

https://24b9eb400710dac81e8d-597f4ed4ea6895a41e2bd2978eb66730.ssl.cf5.rackcdn.com/austriancircle/Austrian_Circle_0027.mp3 Student loans today are not being paid back by borrowers, and colleges are incredibly expensive. Austrian Circle takes a look at the interventionism and central planning that caused these problems and how the market is our best way available to best allocate our resources towards customer demand.

https://24b9eb400710dac81e8d-597f4ed4ea6895a41e2bd2978eb66730.ssl.cf5.rackcdn.com/austriancircle/Austrian_Circle_0026.mp3 Entrepreneurs help allocate resources towards the most highly valued ends of consumers amidst the uncertainty of the future. They take a resource or tool away from a less desired process of production and allocates it instead towards what consumers want more. They engage in a constantly adjusting process of feedback/communication whereby those who do […]

https://24b9eb400710dac81e8d-597f4ed4ea6895a41e2bd2978eb66730.ssl.cf5.rackcdn.com/austriancircle/Austrian_Circle_0025.mp3 Are profits ethical? Is there a maximum or minimum to profit ethically? Do contributing to socially “responsible” programs benefit society more than profit seeking businesses? Profit communicates important information about current consumer preferences to businesses so they can change their production process to adjust to it. Profit is the closest thing we have to […]

https://24b9eb400710dac81e8d-597f4ed4ea6895a41e2bd2978eb66730.ssl.cf5.rackcdn.com/austriancircle/Austrian_Circle_0024.mp3 What are prices? Prices convey information to various actors in society and inform them of crucial knowledge: what people want, how much they want, of what material should they be built from, how much material is available for production, among other things. Central planners distort and disrupt the price system and the knowledge it […]

https://24b9eb400710dac81e8d-597f4ed4ea6895a41e2bd2978eb66730.ssl.cf5.rackcdn.com/austriancircle/Austrian_Circle_0023.mp3 Economics studies human choice, and choice today is often over-ruled by government agencies who believe that their tinkering will make people better off. Whether it be the amount that people save, which businesses win or lose, or even what times people must set their clocks to, there seems to be no end to the […]

https://24b9eb400710dac81e8d-597f4ed4ea6895a41e2bd2978eb66730.ssl.cf5.rackcdn.com/austriancircle/Austrian_Circle_0022.mp3 The recent move by city governments and federal regulators to provide water containing lead to its citizens prompts concerns. How could this have happened, and why were checks and balances not in place? What alternative economic structures might have delivered compassionate and quality products to their clients rather than serving them poisoned water?

https://24b9eb400710dac81e8d-597f4ed4ea6895a41e2bd2978eb66730.ssl.cf5.rackcdn.com/austriancircle/Austrian_Circle_0021.mp3 The standoff between ranchers and the federal government resulting in the occupation of a federal building by local militia points to a lot of problems in their “relationship.” This includes grazing land subsidies, federal land being over 50% of some entire states, and the use of terrorism legal impositions being used for non-terrorist acts.