Economists Won’t Predict the Next Crash — Because They Can’t
Some investors and entrepreneurs are good at guessing future trends. Economics, however, isn't what gives them the tools to do so.
Some investors and entrepreneurs are good at guessing future trends. Economics, however, isn't what gives them the tools to do so.
Price controls, tariffs, and wage controls are politically attractive as such powers are to a ruling clique, but they make no sense economically.
The ruling elite would have us believe secession and disobedience to government powers is no longer acceptable because we have "representatives" in Congress.
Monopolistic abuses rarely survive without a basis in one form or another of special privilege granted by government.
Jesus's instruction to "render unto Caesar" is an example of subtle sedition against the Roman state — and not a command to pay taxes.
Anti-gun claims about suicides in gun-heavy Western states don't add up.
The Pentagon’s “judicial” system more closely resembles the system that the communist regime in Cuba employs, than any judicial system worthy of the name.
Trump's new tariffs just happen to protect certain industries that are big political donors.
With tariffs, favored industries receive more and the entrepreneurs receive less, lowering their profits and making them less likely to take future risks.
A fall in prices is the manifestation of real wealth expansion. General price inflation, on the other hand, results from monetary pumping.