Inflation: Looking Beyond Aggregates
David Hume’s Insights Explain America’s Economic Decline
The American Pravda Sues the Trump Administration
In a recent executive order President Trump called for an end to taxpayer funding of NPR and “public” television (PBS), created by Congress in 1967 to laughingly create an “independent” news source. Yes, they have always been independent of the free market and of the hapless American taxpayers, but certainly not independent of the deep state Washington establishment.
The One Bloated Brobdingnagian Bill
Incorrigible truth-teller Dr.
Central Banking and Monetary Affairs in Argentina
A government’s central bank is fundamentally a debt owner with a monopoly on government money creation and, more specifically, base money creation. A central bank’s balance sheet is basically an accounts receivable balance showing the status of the central bank’s lent or allocated funds or assets at a given date. If these assets represent probable economic benefits to the central bank, the benefits derive from the continued ownership of assets and the generation of interest while the principal is outstanding.
JFK and the Burden of Proof
And thus I clothe my naked villainy
With odd old ends stolen forth of holy writ;
And seem a saint, when most I play the devil.
—Richard III, Act 1, Scene 3
JFK and the Burden of Proof
The Politics of Guilt
The historian Ludwell H. Johnson III argued that “the job of the historian is not to pass judgment, but to try to understand.” By trying to understand the past, historians enrich our cultural heritage and help us to build on the achievements of our predecessors while, hopefully, avoiding their mistakes. History is, of course, a vital component of understanding the world in which we live today and the goals to which we should strive.