While President Biden claims that forgiving student loans helps reduce college costs, it is the loan program itself that is responsible for much of the explosive growth of higher education spending.
This is the "American dream" the Fed has given us: work more jobs and longer hours to keep paying those bills that are now growing at 8 percent per year.
What happens when banks lend money? It depends the lending process itself. If lending comes about because of an expansion of credit, then it creates problems.
Jakub Bożydar Wiśniewski, an affiliated scholar of the Mises Institute and a voice for libertarianism in Poland, shares his thoughts with Claudio Grass.
Being right is not enough. Economics must appeal both to truth and beauty, which are inescapably linked.
Even while Americans deal with skyrocketing higher education costs, few would challenge the worth of college and fewer still question the campus culture. Yet, that is precisely where the problems lie, even if people don't recognize it.
Turkey's economy is reeling under inflation rates likely reaching 170 percent. Not surprisingly, the worst of it is felt by regular people just trying to make a living.
Former Fed chairman Ben Bernanke and two other economists have received the Nobel in economics this year. Their work on banking is weak on causality and fails to recognize the damage done by the central bank.
Researchers that are skeptical of many current climate change narratives are derisively called "deniers." However, because skepticism itself is a foundation of scientific analysis, skeptics tend to be rational-analytic thinkers and less likely to embrace false theories.
Ukraine not only is famous for its current war with Russia, but also for being one of the most corrupt states in Europe. Cutting taxes may reduce the underground economy.
