Do We Want Real Tax Cuts? How About Cutting Government Spending?
Keynesians claim that tax cuts are good because they help increase consumer spending. But here's why this doesn't matter.
Capital and Interest Theory
Displaying 61 - 70 of 766
Thomas Piketty Wants to Bring Back Communism in the Guise of Democratic Socialism
Thomas Piketty writes about equality and believes that reimposing communism in the West will achieve it. Mark Thornton disagrees.
Before Progressives Condemn Capitalism, They Should Be Able to Define It
Although progressives and their allies might condemn capitalism, they rarely can define it.
Austrian Economics and the Capital Asset Pricing Model: A Reconcilation?
Academic finance makes a lot of use of the capital asset pricing model (CAPM), but is it compatible with Austrian economics? Indeed, Austrians do have something to say, thanks to Mises and Rothbard and Austrian capital theory.
The Theory of Interest
Time is an irreversible flux. Each moment has a unique place in the sequence of moments of time with respect to action.
The Division of Labor and Social Order
"The free market and the division of labor does not promote hyper-atomized individuals. It creates social harmony and community."
Krugman Is Wrong (Again): Artificially Low Interest Rates Created Bubbles
Paul Krugman denies that the Fed artificially suppressed interest rates. As usual, Krugman neither understands interest rates nor the effects of inflationary policies.
The Inverted Yield Curve and Recession
Economists have failed to explain the mechanism by which an inverted yield curve signals an impending recession. But the Misesian explanation of the business cycle quite easily explains the pattern we observe in interest rates.
Contrary to What Some Economists Claim, the Fed Can’t Give the Economy a “Neutral” Rate of Interest
Fed chairman Jerome Powell recently claimed they were "targeting" the "neutral" interest rate. The Fed cannot set or even know that rate, for it doesn't come from government authorities.
