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.
The socialist case against capitalism is not based upon facts of history, yet socialism is still seen as the superior moral system. Over time, capitalism creates wealth across society while socialism creates poverty.
The current trend in money-supply growth is a big turnaround from the many months of depression-level contractions we saw in 2022 and 2023.
So-called fair trade is the rage among elites who believe that it protects people in poor nations who would like higher prices for their exports. In reality, fair trade distorts prices and provides disincentives for consumers.
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.
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The Lessons for the Young Economist video series is the antidote to public school economics education.
The problem for most Americans is that it is increasingly difficult to make ends meet despite record government spending, or because of its negative impact on inflation and taxes.
Today is the 50th anniversary of the resignation of President Richard Nixon, who left office because of his involvement in the Watergate scandal. Ryan McMaken has found some published thoughts from Murray Rothbard on the Watergate affair.
The Watergate scandal spurred a number of “reforms” that were allegedly designed to make the federal government “more responsive.” Yet, these reforms did little other than increase federal power.
