The reference to Mises’ monetary theory appears on page 78. Congratulations, IEE! We must analyze the most misrepresented concept nowadays: the concept of democracy. If one enslaves another, this is considered a heinous crime. — it is now authorized to steal. Mises deals with the core of economics as a science. The Mises Institute has united this book with its natural complement: a detailed reform proposal for a 100 percent gold dollar. Mises was one of the greatest intellectuals of the 20th century, a resolute and … Trump's Economy: Boom Times or Dangerous Bubble? The Mises Library is an extensive online offering of the literature of the Austrian school and libertarian thought. These reserves were supposed to be large enou… This is Mises's classic statement in defense of a free society. You must recognize that no one knows better than you what is best for yourself; that there is no political authority above you; that you don't have any owners, and therefore, that you don't need to pay tribute to obtain your liberty or tranquility. An enduring collection of Mises's essays, some popular and others scholarly, but always engaging and provocative. Mises takes up the question of the proper political order to sustain the peace in the age of democracy. This book by Mises remains the most spirited, thorough, and scientifically rigorous treatise on money to ever appear. Tom Woods, one of the speakers at our conference and the bestseller author of Meltdown, will address you tomorrow. La mentalitaÌ Anti-Capitalista — Italian translation.pdf, The Causes of the Economic Crisis, and Other Essays Before and After the Great Depression, The Causes of the Economic Crisis, and Other Essays Before and After the Great Depression.pdf, The Causes of the Economic Crisis, and Other Essays Before and After the Great Depression.epub, Economic Policy: Thoughts for Today and Tomorrow, Economic Policy Thoughts for Today and Tomorrow.pdf, Economic Policy Thoughts for Today and Tomorrow.epub, Politica economica Pensamientos para hoy y para el futuro.pdf, Historical Setting of the Austrian School of Economics, History of the Austrian School of Economics, Historical Setting of the Austrian School of Economics_3.pdf, Liberalism In the Classical Tradition.pdf, Liberalism In the Classical Tradition.epub, Omnipotent Government: The Rise of the Total State and Total War, Omnipotent Government The Rise of the Total State and Total War.pdf, Omnipotent Government The Rise of the Total State and Total War.epub, Planning for Freedom; and Twelve other Essays and Addresses, Planning for Freedom and Twelve other Essays and Addresses.pdf, planificacion-para-la-libertad-facsimile.pdf, planificacion-para-la-libertad-libro-electronico.pdf, Socialism: An Economic and Sociological Analysis, Socialism An Economic and Sociological Analysis.pdf, Socialism An Economic and Sociological Analysis_4.epub, The Theory Of Money And Credit_Mises.epub, The Ultimate Foundation of Economic Science, Ultimate Foundation of Economic Science.pdf, Ultimate Foundation of Economic Science.epub, Theory and History: An Interpretation of Social and Economic Evolution, Theory and History An Interpretation of Social and Economic Evolution.pdf, Theory and History An Interpretation of Social and Economic Evolution.epub, Free Private Cities: Making Governments Compete For You, From Aristocracy to Monarchy to Democracy, Pearl Harbor: The Seeds and Fruits of Infamy, A Short History of Man: Progress and Decline, Busting Myths about the State and the Libertarian Alternative, The Myth of National Defense: Essays on the Theory and History of Security Production, The Austrian School of Economics: A History of Its Ideas, Ambassadors, and Institutions, Bourbon for Breakfast: Living Outside the Statist Quo, Chaos Theory: Two Essays On Market Anarchy, It's a Jetsons World: Private Miracles and Public Crimes, Left, Right, and the Prospects for Liberty, Economic Calculation In The Socialist Commonwealth, Mises and Austrian Economics: A Personal View, An Austrian Perspective on the History of Economic Thought, 2 Volumes, Economic Depressions: Their Cause and Cure, A History of Money and Banking in the United States Before the Twentieth Century, Man, Economy, and State, with Power and Market, No Treason: The Constitution of No Authority, Organized Crime: The Unvarnished Truth About Government, The Politics of Obedience: The Discourse of Voluntary Servitude, Inflation: Causes, Consequences, and Cure, Reclamation of Liberties: Revisiting the War on Drugs, Taxes Are What We Pay for an Impoverished Society, Why Austrian Economics Matters (Chicago 2011), The Truth About American History: An Austro-Jeffersonian Perspective, The Rosetta Stone to the US Code: A New History of Taxation, The Economic History of the United States, The Politically Incorrect Guide to American History, The American Economy and the End of Laissez-Faire: 1870 to World War II, Crisis and Liberty: The Expansion of Government Power in American History, Radical Austrianism, Radical Libertarianism, The History of Political Philosophy: From Plato to Rothbard, Microeconomics From an Austrian Viewpoint, The History of Economic Thought: From Marx to Hayek, The Life, Times, and Work of Ludwig von Mises, The Austrian School of Economics: An Introduction, Introduction to Economics: A Private Seminar with Murray N. Rothbard, Introduction to Austrian Economic Analysis, Fundamentals of Economic Analysis: A Causal-Realist Approach, Austrian Economics: An Introductory Course, Austrian School of Economics: Revisionist History and Contemporary Theory, After the Revolution: Economics of De-Socialization, The Federal Reserve: History, Theory and Practice, The Twentieth Century: An Austrian Critique, The Truth About War: A Revisionist Approach, The Economic Recovery: Washington's Big Lie, The 25th Anniversary Celebration in New York, Against PC: The Fight for Free Expression. Mises was one of the greatest intellectuals of the 20th century, a resolute and uncompromising champion of freedom. . Ludwig von Mises: The Lessons of This Great Economist Are as Relevant as Ever May 31 2016 Recently, I was interviewed by Lex Hoogduin, professor in monetary economics at the University of Groningen and former director of the Dutch central bank (DNB), about the publication of the first Dutch edition of Ludwig von Mises’ magnum opus, Human Action. What is the Austrian School of Economics? In a somber future, human beings are enslaved by machines, kept in captivity in a deep hypnotic sleep to supply energy to the machines, but are led to believe that they live normal lives. The Mises Institute campus in Auburn houses the Ward and Massey Libraries, a large private Mises presented his business cycle theory in its most elaborate form, applies it to the prevailing conditions, and discusses the policies that governments undertake that make recessions worse. We, therefore, reach the paradoxical conclusion that we don't reclaim our rights because we do not want to; because we support, explicitly or tacitly, the tyranny inflicted by the ruler-governors. 7 “There never lived at the same time,” wrote Ludwig von Mises, “more than a score of men whose work contributed anything essential to economics.”1 . In both cases, the violence is of the same nature. If it is we, we go to jail. Economics in One Lesson Henry Hazlitt Introduction by Walter Block Ludwig von Mises Institute Auburn, Alabama EconOne_Prf2_Q5_to_client.qxd 3/3/2008 8:42 AM Page iii The year-long course is prepared by Professor Robert Murphy (PhD, NYU) in consultation with Mises Institute staff and other faculty. In a face-to-face combat of the many against the few, where the many fight for the grand prize of liberty, while the few fight for the chance to subjugate the many, it is likely that no shots need be fired before the many are declared the winners. Results come first in this contest; the results of the work of IEE and of the Forum da Liberdade are both evident and quantifiable. In 1954, after a lifetime of serious theoretical work in economic science, Mises turned his attention to one of the great puzzles of all time: discovering why the intellectuals hate capitalism. The gun doesn't even need to be displayed, as in the case of the customary robber. But even those that take the red pill cannot escape the virtual reality's elaborate chains. However, about 40 to 50 percent of the product of your efforts and talent are not your property, but your masters' — that is, the government and its friends. We, from Instituto Mises Brasil, have just concluded our first conference, which was a great success, and it could not have been otherwise! It is a very clear explanation of the basics of economic policy: private property, free trade, exchange, prices, interest, money and inflation, socialism, fascism, investment, and much more. The Mises Institute is pleased to present this audio edition of Rothbard's most famous monetary essay - the one that has influenced two generations of economists, investors, and business professionals. And when that realization comes, you will say to yourself, I am a sovereign individual! Ludwig von Mises was the greatest economist of the twentieth century, but often readers are reluctant to tackle his major works. Windfall Profits By Robert G. Anderson. —Henry Hazlitt More than thirty years ago F. A. Hayek said of Socialism: "It was a work on political economy in the tradition of the great moral philosophers, a Montesquieu or Adam Smith, containing both acute knowledge and profound wisdom. There was no teacher's manual available at the time. The coursework is divided into 52 lessons to cover 52 weeks, a complete year of study that can be pursued at home. One hundred percent of the fruits of their labor were the property of their owners. energy associated with shear strains. 05/15/1962 Books Ludwig von Mises. Mises explains that the core choice we face is between rational economic organization by market prices or the arbitrary dictates of government bureaucrats. In addition to its numerous publications and academic conferences, the Mises Institute ... Economics in One Lesson(Henry Hazlitt) Economics of Liberty, The(Llewellyn H. Rockwell, Jr., ed. ) That chain of good, I am certain, will abolish the chains of evil. The conventional use of the term "democracy" conveys a certain disrespect for semantics. Education, Free and Compulsory(Murray N. Rothbard) Agricultural Subsidies: Down on the D.C. Farm, Austrian Economics and the Financial Markets (2010), Austrian Economics and the Financial Markets (1999), Central Banking, Deposit Insurance, and Economic Decline, Choice in Currency: A Path to Sound Money, Depression, Monetary Destruction, and the Path to Sound Money, Despots Left and Right: The Tyrannies of Our Times, The Current Crisis: an Austrian Perspective, Strategies for Changing Minds Toward Liberty, The Coming Currency Crisis and the Downfall of the Dollar, Review of Austrian Economics, Volumes 1-10. Yet, dumbfounded or not by the smoke and mirrors, why do we suffer so much at the hands of those ruler-governors, if we are many and they are few? For the government has the money-printing machine, or more precisely, the counterfeiting machine. What is the Austrian School of Economics? The illusion is virtually perfect — humans genuinely believe they are walking freely in the streets, or eating a juicy steak. . With the Home Study Course, you can stick to the schedule or go at your own pace. Two Atlas Network partners, the KoLiber Association and the Mises Institute of Economic Education, run the “Economic Lessons for Youth” program in Poland. An economic classic in our time. 29. The Ludwig von Mises Institute was established in 1982 to carry on this intellectual tradition. This week, in Porto Alegre, there is a great concentration of intellectual heirs of Ludwig von Mises. He looks at the guns and realizes that the explicit violence has no effectiveness without his own consent — the bullets dissolve into digital zeroes and ones. An enduring collection of Mises's essays, some popular and others scholarly, but always engaging and provocative. They will make you ♥ Physics. Today, for the first time, I am addressing a different subject. Selected major works by Ludwig von Mises (1881–1973), one of the most notable economists and social philosophers of the twentieth century. ... Twelve other Essays and Addresses. In The Matrix, this insight comes in a scene, in virtual reality, where countless machine guns are fired against the hero, Neo. Outside Hollywood, it is simpler to end the bondage. The mere threat of violence suffices. The central banks of Great Britain, France, Germany, Switzerland, and Belgium (and later of the U.S.) kept their entire reserves in gold. The Mises Daily articles are short and relevant and written from the perspective of an unfettered free market and Austrian economics. Originally published in Mises.org] President [Leonardo] Fração, it is a pleasure to be here, at this XXIII Forum da Liberdade, whose theme is based on Ludwig von Mises's Economic Policy book [known in Brazil as The Six Lessons]. Bettina Bien Greaves is a former resident scholar and trustee of the Foundation for Economic Education and was a … — Ludwig von Mises “ If, as is generally the case, the heirs are not equal to the demands which life makes on an entrepreneur, the inherited wealth rapidly vanishes. It was only in the 19th century that the quantitative and mathematical theory of the elasticity of bodies was bor… Counterfeiting is a crime, but only for you and me. Recommended for you “During the printing of this work an essay by Ludwig von Mises … The Entrepreneur and the Profit and Loss System. Since we homeschool, when our daughter expressed an interest in learning more about how the economy works, we went straight to the Von Mises Institute looking for a textbook. 07/20/1962 Books Ludwig von Mises. Mises begins where economics must begin — human action. The people must observe ethics and morals, while rulers not. Today, there is a great international revival of Misesian ideas — including in Brazil — which show the benefits that consumers and workers derive when they are free to venture, to chart their course, and to fulfill their desires. Even if he had made no other contribution over a professional lifetime that spanned seven decades, his place in the history of economic ideas would be assured by his devastating analysis of why socialist central planning is inherently “impossible.” Theft and slavery are crimes, even if sanctioned by the majority of the people! Contributions are tax-deductible to the full extent the law allows. 28. Under the classical gold standard, each central bankwas responsible for making sure that its notes could be redeemed into gold. Finally, I would like to point out that it is not necessary to change the world or to create a nation of sovereign individuals. Mathematically the von Mises yield criterion is expressed as: = where is the yield stress of the material in pure shear. If one kills a neighbor, this is murder. Tax ID# 52-1263436. Order free copies of Economics in One Lesson. Are We on the Edge of the Economic Abyss? Democracy is, formally, the regime of majority rule, that is, the majority of voters decides whatever it sees fit. Sergio Santillán Díaz 3,560 views From time immemorial, individuals were set apart into two groups: those that must obey the rules, and those that need not. It is a great honor to receive the Libertas Award. In the movie, some individuals — those that take the red pill — succeed in seeing reality as it is: that the Matrix is in fact a prison — the concoction of a well-devised delusion — and that their bodies are in captivity without their knowledge. However, if he is an agent of the government — particularly that of the United States — using an olive-green uniform, and invoking a "preventive" war or similar excuse, suddenly it becomes permissible to murder — legally. “ Every collectivist assumes a different source for the collective will, according to his own political, religious and national convictions. Today, we are no longer slaves. As shown later in this article, at the onset of yielding, the magnitude of the shear yield stress in pure shear is √3 times lower than the tensile yield stress in the case of simple tension. Order free copies of Economics in One Lesson. Ludwig von Mises (1881–1973) was one of the most important economists of the twentieth century. On other occasions, I customarily speak about finance and economics, about the measures that are likely to bring about a more prosperous society; in other words, as did Mises, I usually speak about what works and what does not. This article is about SAGE. If you behave as a sovereign individual in your personal relationships, you will be contributing to your happiness and also to the transmission of the concept of individual sovereignty. We are no longer slaves, but we are serfs. 32. Three hundred years ago, a substantial part of the population in the Americas was comprised of slaves. I speak about where my energy, as an individual, originates. It is slightly different from the footnote in Parsons’ volume. Neo grabs one floating bullet between his fingers, and the whole apparatus of the enemy tumbles, powerless. Written for a broad audience of laymen and students, the Mises Daily features a wide variety of topics including everything from the history of the state, to international trade, to drug prohibition, and business cycles. The high point of the conference was the presentation of the prestigious award for leadership in liberty to Helio, and the talk he gave was an intellectual call to arms. The history of ethics has been a history of exploitation. President [Leonardo] Fração, it is a pleasure to be here, at this XXIII Forum da Liberdade, whose theme is based on Ludwig von Mises's Economic Policy book [known in Brazil as The Six Lessons]. . Thank you, Lew. Richard von Mises (1883-1853) Born in Lemberg, Austria (now Lvov, Ukraine), Richard von Mises was a mathematician and aerodynamicist who made many contributions to statistics and probability theory. You must become aware that no one may rule your life without your consent, no matter what the excuse or argument, smoke and mirrors notwithstanding. The concept of democracy is employed to obfuscate and confound, with the purpose of having us believe that there is equality among all. This book must rank as the most devastating analysis of socialism yet penned. This might be Mises's best-selling book. Some refuse to reflect upon what is really happening; others know they live a delusion but rationalize their status — they conjecture that it is tough to change it, that it was always like this, and end up opting to live under the comfort of their bondage. Why do we become enchanted with the belief that our ruler-governors are just and benevolent, when we experience evidence otherwise every day, everywhere? Selected major works by Ludwig von Mises (1881–1973), one of the most notable economists and social philosophers of the twentieth century. . Lectures by Walter Lewin. This is what you pay, whether you like it or not, embedded in the prices of the products, or through other taxes, duties, or tariffs. [This Libertas Award acceptance speech was delivered at the XXIII Forum da Liberdade, in Porto Alegre, Brazil, on April 12, 2010.]. The recapture of our rights does not require that we take up arms, demonstrate, or even vote — we are, after all, a much larger legion than our ruler-governors. Previously, the slave owner would threaten to punish with a whip a slave who refused to work. Without Lew, there would be no Mises Institute, no revival of the Austrian School, no Instituto Mises Brasil. Food From Thought By Charles W. Williams. Will the American Economy Survive in 2018? I feel at home. Mises presents a very clear explanation of the basics of economic policy. 27. I speak about what moves me. Contra Krugman: Demolishing the Economic Myths of the 2016 Election. The legendary founder and chairman of the Mises Institute — Lew Rockwell — is also among us tonight! House of Cards: Has the US Economy Recovered? The ethics that you and I must observe correctly advocates that one should not steal the property of others, should not murder, and should not force others to do something against their will. The famous movie The Matrix illustrates the point. Therefore, we may achieve freedom to a large extent during our lifetimes, independently of any eventual failure to end the serfdom perpetrated by the state. For the Love of Physics - Walter Lewin - May 16, 2011 - Duration: 1:01:26. Mises deals with the core of economics as a science. Tu ne cede malis,sed contra audentior ito, Website powered by Mises Institute donors, Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. That is, the UK’s “Scientific Advisory Group for Emergencies.” Its self-stated remit is that it: “provides scientific and technical advice to support government decision makers during emergencies.” And it has … Maximum Distortion Energy Theory (Huber-Henky-von Mises) The theory is based on a limiting energy of distortion, i.e. Tu ne cede malis,sed contra audentior ito, Website powered by Mises Institute donors, Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. 1. Mises was one of the greatest intellectuals of the 20th century, a resolute and uncompromising champion of freedom. The 5,500 students in attendance each got a copy of Six Lessons . Theft of the government, by the government, and for the government is somehow accepted and rationalized by the population at large. Mises defends his all-important idea of methodological dualism: one approach to the hard sciences and another for the social sciences. Mises describes the revolutionary meaning of capitalism in human history, and how it was responsible for the most spectacular increases in the standard of living of the common man ever. But that is merely a virtual reality — called "the Matrix" — which the machines generate by pumping electrical stimuli into humans' brains. An intellectual history of Mises's own tradition, with first person accounts of conversations with the greats. ... in five or six months' time, it will be 100, and in 10 or 12 months about 12,000. The reference to the economic calculation article appears on page 107. Ludwig von Mises, Human Action: A Treatise on Economics, Scholar’s Edition (Auburn, Ala.: Mises Institute, 1998), p. 869. Ludwig von Mises (1881–1973) was the leading spokesman of the Austrian School of economics throughout most of the twentieth century. We used Murphy's text for her introductory lessons when she was 12 (about 7th grade). Now, if you refuse to pay the government, you are summoned and attacked with lawsuits, until you are finally thrown into jail. Why do we allow so many abuses of liberty and property, if the power the rulers possess is only that which we bestow onto them? “For the Good of Others” By Leonard E. Read. Or, as is commonly said, it is the tyranny of the majority — which in practice means the tyranny of the minority: that of the politicians who rule over our lives and property. But note that those ethical rules do not apply to government — the government takes your money, calls it "democratic taxes," and presto! Tax ID# 52-1263436, "The conventional use of the term 'democracy' conveys a certain disrespect for semantics. Most of us utilize the word democracy when we actually mean other concepts, such as the "rule of law," "liberty," "equality before the law," "individual rights," "solid institutions," "justice," and other concepts that have specific words to designate them. In Mises's view, interventionism is an inherently unstable policy because it creates new dislocations that would seem to cry out for further interventions, which, in turn, do not solve the problem. What matters — and what one can do right now — is to live as a sovereign individual, staying close to those who respect you as such, and avoiding the manipulators and those who desire to live as parasites on your energy, talents, and virtues. Free Markets Interventionism. It is commonly accepted that the history of elasticity theory began with the studies of Robert Hooke in the 17th century\(^1\) who explored the fundamental concepts of deformation of spring and the displacement of a beam. After all, slavery is the antithesis of individuality! Contributions are tax-deductible to the full extent the law allows. 31. ", History of the Austrian School of Economics. As Mises discusses each topic, he addresses the many merits of market institutions and the dangers of intervention. But, as I said before, nothing needs to be taken from the tyrants — one needs only to cease giving them what is his own! This Libertas Award acceptance speech was delivered at the XXIII Forum da Liberdade, in Porto Alegre, Brazil, on April 12, 2010. Eighty-six sages By Neil Lock. There is no third way. Mises, Ludwig von: $11.95 + Add to Cart: On Doing the Right Thing: Nock, Albert Jay: $22.00 More Info: On Freedom and Free Enterprise: Essays in Honor of Ludwig von Mises: Sennholz, Mary: $14.00 + Add to Cart: On Liberty, Society, and Politics: Sumner, William Graham: $14.50 More Info: One Is a Crowd: Chodorov, Frank: $18.00 More Info The adulteration of meanings has practical consequences. The Mises Institute makes available many thousands of books, along with the full run of rare journals, biographies, and bibliographies of great economists — all for free. If it is they doing it, fine. Free MarketsMedia and CultureOther Schools of ThoughtPhilosophy and Methodology, Booms and BustsBusiness CyclesInterventionism, Free MarketsInterventionismPrivate Property, BiographiesHistory of the Austrian School of Economics, Big GovernmentWorld HistoryPolitical Theory, Calculation and KnowledgeOther Schools of ThoughtPhilosophy and MethodologyPolitical Theory, Money and BanksMonetary TheoryMoney and Banking. Fifty years ago, Mises came to South America and delivered those six historic lectures, which are heralded and quoted just outside, at the Forum's exhibit. In the movie, this would take place if he desires to wake up from the hypnotic sleep, and proceed to sever the wires that fill his brains with the Matrix, stand up on his feet and walk, free. Lessons for Austrians.” ... Ala.: The Ludwig von Mises Institute, 1985. This volume, p. 51. Its source is here, in this advanced and progressive libertarian community, which looks forward to real changes; not merely illusory changes from campaign slogans. The Economic Role of Saving and Capital Goods By Ludwig von Mises. Why does that majority agree with this theft? Mises vs. Marx “The March of History,” a project of the American Institute for Economic Research , pits Austrian economist Ludwig von Mises against the godfather of socialism, Karl Marx, in a rap battle that spans more than 150 years of history, philosophy, and economic theory. When we say that Brazil is a "democracy," we assume that we are "rulers of ourselves" — while, in fact, there are still rulers on the one hand, and citizen-subjects on the other. And above all, thanks to you, President Fração, to IEE [The Institute for Entrepreneurial Studies], for your support to our conference and especially for your achievements in the fight for liberty. David Gordon is Senior Fellow at the Mises Institute and editor of the Mises Review. Ultima sesión del semestre. The machines, originally created to serve humans, have turned against and enslaved them. . The Best of Ludwig von Mises “It’s a seemingly impossible task to select the best of Ludwig von Mises (1881-1973) whose teaching and writing career spanned six decades and whose literary output includes several mighty and timeless treatises on political economy. The energy emanating from you is contagious. 30. Strain energy can be separated into energy associated with volume change and energy associated with distortion of the body. But the gun is always present, in the robber's pocket and in the ruler's jacket. Teoría del auge insostenible de Ludwig von Mises y Fritz Machlup | Adrián Ravier - Duration: 1:12:05. However, in the case of government, they will draft you to "serve your nation" for a year, call this conscription "military service," and serfdom becomes perfectly legal. President [Leonardo] Fração, it is a pleasure to be here, at this XXIII Forum da Liberdade, whose theme is based on Ludwig von Mises's Economic Policy book [known in Brazil as The Six Lessons ]. For readers like this. Tyranny ends when we cease to support voluntarily our own serfdom. We have here today many scholars and experts of the Austrian School of economics. This year, the program partnered with Prosta Ekonomia (Simple Economics) and reached over 5,400 students with their 6-lesson … If Men Were Free to Try By John C. Sparks. Section six addresses the question whether and to what extent Mises’s position in the socialist calculation debate actually referred to problems of knowledge rather than of calculation. The theme was the life and work of Ludwig von Mises. Articles are published under the Creative Commons Attribution-NonCommerical-NoDerivs (CC BY-NC-ND) unless otherwise stated in the article. These chapters were originally delivered as lectures in … However, engineering wasn’t the only reason for the study of elasticity theory, as that research was also linked to the attempt of interpreting the nature and theory of ether\(^2\). Why do we let them treat us like beasts? Lessons On Inflation From The Past. Helio Beltrão is the founder and president of Instituto Mises Brasil. Mises Institute 518 W Magnolia Ave, Auburn, AL 36832 334-321-2159 The Real Economy: What Hillary and Trump Can’t and Won’t Address. In fact, as we shall see, the answer to this question is quite clear.