Argentina has been “printing money for the people” MMT-style for many years. Its wrongly-called “inclusive monetary policy” of the past-print money to finance massive government spending- has driven the country to massive inflation and depression.
This is the main reason why a country with an excellent education, human capital, and high economic potential has third-world inflation rates.
After a hiatus of about 10 years, the Mises Institute is resuming publication of the Journal of Libertarian Studies, with volume 23 scheduled to appear before the end of the year. This peer-reviewed, interdisciplinary journal, with David Gordon as editor, will complement the economics-focused Quarterly Journal of Austrian Economics.
With the release of the long-awaited Mueller (Special Counsel Robert Mueller) report, we see partisan politics at work again, and the results are what one might expect. Those that have supported President Donald Trump or believe that he has been the victim of a contrived “investigation,” while others, like David French of National Review , a self-described “Never Trumper,” are shocked, SHOCKED! at Trump’s behavior. Writes French:
Listen to the Audio Mises Wire version of this article.
Prominent economist and super successful textbook author Greg Mankiw writes:
I have a confession to make: I love the Federal Reserve. And I suspect that, in their heart of hearts, most other economists love the Federal Reserve, too.
