Economics and the Citizen
Economics deals with society's fundamental problems; it concerns everyone and belongs to all. It is the main and proper study of every citizen.
Economics deals with society's fundamental problems; it concerns everyone and belongs to all. It is the main and proper study of every citizen.
Politicians used Keynesian economics to justify big government, a welfare state, and budget deficits. The Federal Reserve sought to grow the economy through monetary expansion, thereby crippling it. At the same time, Wall Street sought higher profits through influence over the government.
The threat of deadly force is implicitly present in every law, regulation, ruling, or decree that emanates from any government office, at any level.
To "believe in" the president, one would have to believe that the source of America's greatness is the welfare state he enthusiastically defends and promotes.
Is it not an incontestable axiom in political economy that taxes ultimately fall on the consumer?
Interventions in the name of fairness do little to advance real fairness but a great deal to undermine the benefits we all derive from competition.
Please do not think, as many do, that economics — which is a science — takes sides on this issue.
Anyone who values a historically informed and well-written defense of freedom will gain a great deal from reading DiLorenzo's Organized Crime.
Economist Robert Frank thinks "keeping up with the Joneses" is socially harmful. He wants to rein in and clamp down on all the "Joneses" in the world.
Attempts of the government to subsidize the beginning of fisheries also proved fruitless.