How Does Money in Our Possession Acquire Value?
Mainstream economists claim money has purchasing power because the government issuing the money has so declared. That makes no sense.
Mainstream economists claim money has purchasing power because the government issuing the money has so declared. That makes no sense.
Contrary to mainstream economists, credit expansion that is not backed by real savings leads ultimately to an economic downturn.
Political and academic elites have successfully convinced the public that they should fear private enterprise. However, people really should fear an out-of-control government.
Despite statements from Biden and other progressives, profits in a market economy are not a form of plunder. Instead, they represent entrepreneurial gains that mostly benefit consumers.
The Fed doesn't want to admit that new federal debt is significantly higher than private sector demand, and the Fed is more concerned about a bond market meltdown than price inflation.
The decades of American and European intervention in Africa are coming to an end, and things are even worse for American interests there. Perhaps overthrowing governments and trying to dictate political outcomes wasn’t a good idea.
What are property rights and how do we define them? The late Butler Shaffer argued that they come from our “will to own.”
Despite the accusations that Javier Milei is a fascist in libertarian clothes, many of his reforms have been successful in reversing some of the damage done to Argentina's economy by real fascists.
Somalia is an artificial country that was created by European intervention. Somaliland, however, is an entity that should be recognized as a real nation.
Many people are selling their gold to make ends meet. Others are buying gold as insurance against mounting price inflation.