The stereotype of the black worker in the Confederacy is that of someone doing heavy, unskilled manual labor. However, historical analysis shows that view to be inaccurate, as they engaged in skilled and specialized labor as well.
If anyone should be able to understand that statism is no substitute for sound economics, it would be an economist. Many of them—and especially those at elite universities—shill for inflation and unbridled state power.
Thanks to government elites, the only thing that matters is money, as the Federal Reserve has been creating it in ruinous amounts, pretending it is being responsible.
With the AI panic in full swing, the UN claims it wants to step into regulating this new technology. However, the UN is the last organization we would want to regulate anything.
Instead of trying to seek peaceful relationships between southern whites and former slaves during the Reconstruction period, the Reconstruction governments armed the former slaves and helped to set off violence and strife.
The infamous Housing Bubble collapsed 18 years ago, and our economy has never truly recovered from it. Instead, the government became even more financially irresponsible.
The traditional explanation of the Panic of 1837 recognizes that excessive bank credit expansion generates inflation, speculation, and economic instability. Yet, the same mainstream explanation wrongly presupposes a national bank was the solution to those problems.
As the economy becomes increasingly uncertain and confusing, the metals markets are responding. It is time to take a close look at them.
The demise of American coinage is the story of US money in a nutshell. Coins were made of gold and silver. Today, even coins of base metals have face values less than the value of the metal itself.
No matter how many times Austrians debunk the Paradox of Thrift, it appears in one form or another, this time in The Atlantic, which claims that retirees are too miserly in spending their savings, thus putting the economy in danger.
