The risk of a financial crisis does not come from rising bond yields. The risk of a financial crisis was created by lowering bond yields to unrealistic and unjustifiable levels in the first place.
Few political follies are more hazardous than presuming that one’s liberties are forever safe. If liberty is God’s gift to humanity, then why were most people who ever lived on Earth denied this divine bequest?
Wage hike advocates effectively seek to force entrepreneurs to raise the costs of production after many of them have barely survived what became a catastrophic 2020 due to the coronavirus pandemic.
The more the government spends, the worse it is for the health of the economy and thus for economic growth. Experts who advocate for very strong government stimulus never bother to ask how those measures are going to be supported by the larger economy.
The financial press gives us the what, when we need the how and why. Economic journalism needs a reset.
The second edition of The Great Fiction will be welcomed by all readers interested in the theoretical foundations of a free society.
In a normal world, American spending would have sharply declined during the past year. But a flood of newly printed money has juiced spending and imports.
Nuland was an advisor to ultrainterventionist Dick Cheney and would continue the costly expansionist policies of the Bush and Obama years.
Hegel and Marx took a philosophy from some fringe Christian groups and turned it into a global utopian movement that has been disastrous.
China was one of the first countries to develop a metallic money that was valued and exchanged by weight. Evidence suggests that this monetary regime originated during the Shang Dynasty (1766–1122 BC).
