Reply to Dr. Howden on Opportunity Costs
This approach to costs and action allows for a praxeological explanation of originary interest avoiding shortcomings of traditional Austrian analysis.
Monetary Theory
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Did Tariffs Make America Great?
Economists Stephen Cohen and Bradford DeLong are spouting an unfortunate amount of enthusiasm for Alexander Hamilton's corporatist economics.
Consumer Optimism Is Not the Key to Economic Growth
The key to economic growth is not optimism or good "animal spirits." They key is increased productivity and wealth accumulation.
Why We Need Profits
Monetary profit is not the only kind of profit, but in a complex world, monetary profit is essential in building sustainable economies.
Why a “Dollar” Should Only Be a Name for a Unit of Gold
No one prints dollars on the purely free market because there are, in fact, no dollars; there are only commodities, such as wheat, cars, and gold.
Did Debt Exist Before Money? It Doesn’t Matter
We should rewrite our textbook accounts to include the possibility of credit preceding a common medium of exchange and call it inter-temporal barter.
Our Monetary System Favors the Rich and Hurts the Poor
Our monetary system encourages debt and punishes saving. It also benefits those who already have money at the expense of those who do not.
Our Disastrous Monetary System: A New Must-Read Book
Blind Robbery!, a new, easy-to-read book on money is a must-read for anyone who wishes to understand the damage our easy-money system is doing.
