What’s a telltale sign of economic illiteracy?
I’m starting to believe the worst is the claim that markets lead to monopoly and the accumulation of wealth in a few hands. Why? Because it makes no sense at all on the face of it and has no logical explanation, so it is indicative
of fundamental confusion and misunderstanding.
In July, students from around the US came to Auburn for our annual Mises University program. Students learned from a distinguished faculty on-site, coupled with online contributions from Dr. Walter Block and Steven Berger.
This year’s Mises U faculty included:
The Stakes: America at the Point of No Return
by Michael Anton
Regnery Publishing, 2020
441 pages
There has been a resurgence in investigating the imperial past of Europe. By consuming blistering critiques of European imperialism, one is likely to surmise that conquests are solely driven by hatred and racism. Some commentators imply that the purpose of territorial expansions was to satiate the racist desires of Europeans.
Dave Smith is a New York–based stand-up comedian, radio personality, and political commentator. Dave can be seen regularly on The Greg Gutfeld Show and Red Eye on Fox News, as well as Kennedy on Fox Business Network. In 2013 Dave was featured as one of the “New Faces” at the prestigious Just for Laughs Comedy Festival in Montreal. He was also a featured performer on the New York Comedy Festival’s “New York’s Funniest” showcase in 2014 and 2015. Dave’s outlet for his social commentary is his podcast, Part of the Problem, which is available on iTunes.
Since the outbreak of the coronavirus, the United States has experienced one of the most unprecedented economic interventions in all of its history. Since March and April both the Federal Reserve and the US federal government have injected trillions into the economy in hopes of stabilizing it and reducing unemployment. At the expense of the public, both institutions have handicapped themselves for the future, and it will be extremely difficult to ever return to a “normalized” policy situation without triggering a larger economic crisis.
