The Japanese government claims it’s still fighting deflation, although there are no signs of it in Japan. Through a mixture of chance, habit, and economic sclerosis, prices have been stable in Japan, but Abenomics makes the future of the yen anyone’s guess.
Jeff Deist and Patrick Barron discuss what’s going on in the EU, how Germany in particular suffers from being yoked to the other Eurozone nat
Tax credits and deductions deprive the state of revenue, while allowing greater freedom to taypayers. As such, they are good things, while closing “loopholes” or eliminating tax credits is a very bad thing. Making taxes more “efficient” or “fair” only helps governments and hurts taxpayers.
Politicians and regulators usually don’t know what they don’t know about everything from health care to your small business, but that sort of compound ignorance won’t stop them from regulating the minutiae of everyday life and commerce.
Richard Ebeling explains the basics of how central banks cause booms and busts.
It may be a simple tale, but the story of Sleeping Beauty, as retold in 2014’s film Maleficent, repeatedly makes the point that the evils of the world come from political power and those who seek it.
When the day of reckoning comes, will anyone criticize the Federal Reserve for making the unsustainable debt-fueled spending spree possible?
Long-term interest rates are going down, but many Fed observers, relying on expectations theory, wrongly think they should be going up. If we understand Mises and time preference, however, we can see the true trend much more clearly.
The modern health insurance industry, a by-product of government regulation and tax policy, has led to a system in which the consumer of medical services doesn’t know the costs or final prices charged for services. Without a functioning system of price signals, prices cannot be contained.
In spite of its failure in the short term, the Scottish campaign exposed elite dread of decentralization while establishing a precedent that regions can decide for themselves to secede even without a nation-wide vote. The campaign also illustrates anew ongoing trends in the decline of the nation-state.
