While we experience the predictable economic consequences of bad economic policies, the two main presidential candidates seem to be competing in an unspoken contest to demonstrate profound economic illiteracy. Unfortunately, whoever wins in this contest, we lose.
Trump has taken to calling Kamala Harris a "communist." But a real communist president would be hemmed in by the political class, who wants to keep the profits they’re extracting from us, and limited by a commitment to principles. Harris will not have that problem.
As the Federal Reserve manipulates the money supply and interest rates, the yield curve becomes a less reliable indicator of economic activity. The more the Fed plays havoc with the system, the more we see the boom-and-bust syndrome.
Texas politicians have decided their political "wisdom" can replace a market pricing system in production and distribution of electricity. Failure looms.
Inequality is inevitable and there are many reasons it exists. However, by declaring that racial discrimination is the primary cause of inequality is to substitute egalitarian ideology for economic reality.
Government officials cannot stand to be mocked, but Brazil's finance minister and his tax plans have made the regime the target of a new wave of mockery.
As inflation gets worse in Nigeria, politicians call for price controls and other government interventions. Unfortunately, they never consider the option of free markets.
Antitrust regulators claim that antitrust law and enforcement is necessary to preserve competition and foster economic innovation. In truth, antitrust law is anti-innovation and anti-competition.
By appealing to tariffs and other forms of economic regulation, Republicans have tossed aside any commitment to free market economics. Unfortunately, their program will lead to more economic stagnation, inflation, and runaway government spending.
As the Federal Reserve manipulates the money supply and interest rates, the yield curve becomes a less reliable indicator of economic activity. The more the Fed plays havoc with the system, the more we see the boom-and-bust syndrome.
