For 100 years, the Fed has served to protect the interests of powerful banks through inflationary monetary policy. The Dallas Fed opened an historical exhibit, the Kansas City Fed released a documentary, and the New York Fed even started a Facebook page, all to commemorate the date.
Many Americans, perhaps a substantial majority, still believe that labor unions are fundamental to the well-being of workers. In fact, labor unions work to prevent increases in the productivity of workers, which is ultimately the only way to increase real wages.
In socialist countries of old, it was easy to find cookies and candies in state-owned stores while fresh meat and bread was rare, writes Jim Fedako
Interviewed by host Redmond Weissenberger, Mark Thornton discusses markets, Keynes, Keynesians, and general economic craziness.
Easy money policy hurts most people, particularly workers and savers, and redistributes their wealth to the ruling elites.
From An Austrian Perspective on the History of Economic Thought, Volume I. Pages 385-412 in the text. Narrated by Jeff Riggenbach.
Enemies of laissez faire wish to saddle it with much unsavory baggage, writes Frank Chodorov.
One of Carl Menger’s contributions was his primacy of the consumer in determining value and price, not only in the marketplace but in all economic activity.
Enemies of laissez faire wish to saddle it with much unsavory baggage.
