Teaching "Tips": An Economic and Pedagogical Defense of Gratuities

Labor and Wages

21 min agoAudio/Video
Using the long-standing cultural practice of tipping, Gill explores a variety of important economic concepts.

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Our Lawless Central Bank

The FedMoney and Banking

4 hours agoFedWatch
The Fed's modern method of policymaking is best described as "ad hoc." This is a big problem for entrepreneurs and most market actors.

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Four Reasons Central Banks are Wrong to Fight Deflation

Money and BanksMonetary TheoryMoney and Banking

Blog10 hours ago
The harmful character of deflation is a sacred dogma of monetary policy. However, evidence substantiating these claims is either weak or nonexistent.

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The Tragedy of the Commons in the Courtroom

Legal SystemTaxes and SpendingPolitical Theory

Blog14 hours ago
Since using the court system costs them nothing, police and prosecutors have an incentive to load up the court system with non-violent "crimes."

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Does the Fed Follow Its Own Rules?

The FedMoney and BanksMoney and Banking

The central bank is unlikely to follow rules like the Taylor Rule because they are fundamentally political organizations with their own agendas.

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Will Our Grandchildren Work Only Four Hours Per Day?

Labor and WagesPoverty

Blog06/21/2017
If capitalists have their way, we may be looking at a future of 20-hour work weeks while producing a higher standard of living.

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Jeff Sessions's Reefer Madness

Legal SystemPolitical Theory

Blog06/20/2017
Jeff Sessions's war against marijuana legalization will do nothing to fight crime or improve health.

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How To Fight For Peace

Strategy

06/20/2017The Austrian
Until we make government smaller, we're not going to have peace.

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